50k is Back in Sight for the Dow 🌤️ The Morning Print

Good morning! 

The Dow Jones Industrial Average is the only major index yet to clear its February highs.

Here's the setup.

The Dow still hasn't fully recovered from Pam Bondi's call that it was above 50k, and funny enough, that exact day marked the top for the index.

Meanwhile, the S&P 500, Nasdaq 100, and Russell 2000 have all pushed beyond their former highs from earlier this year.

The Dow is now setup in a clean cup-and-handle pattern, with a measured move that calculates to fresh all-time highs should it breakout.

And if there's one thing we know for certain, it's that rotation is inevitable in bull markets.

When one area overheats, profit is taken, and capital is shifted into other laggards.

This is where the Dow stands out.

It offers broad diversification, with significant exposure not just to Tech, but also Financials, Industrials, and Healthcare.

Tech stocks are having a historic run, and a quick breather may allow for these other sectors to step into the spotlight, thus boosting the Dow.

All signs suggest a move back toward 50,000.