- There is nothing more bullish than new all-time highs.
- The Dow just hit its first new all-time high of the year.
- It’s still a bull market, and we’re still buying stocks.
On Friday, the Dow Jones Industrial Average finished at a fresh 52-week high.
That’s the first time that’s happened in 2025, believe it or not.
Here’s what the highest weekly close ever for the world’s most important stock market index looks like:
A few things worth noting…
If the stock market is “extended,” as I’m often told these days, then how come this is just the first new high of the year for the Dow?
Extended markets – those that have risen too far, too fast – historically make a lot of new highs on their way to “overextension,” if you will.
Friday was just the first one.
And let’s talk about those Fibonacci extension levels on the right side of the chart.
Feel free to ignore those if you’d like. But markets tend to respect these levels, and so we respect them as well.
Fifty thousand is the next target for the Dow – and I still believe that’s where we’re going.
The Nasdaq-100 already went.
The S&P 500 already went.
And now it’s the Dow’s turn.
“Don’t fight Papa Dow” is how I learned it.
Not only am I not fighting it.
We’re embracing it.
This Week in Everybody’s Wrong
On Monday, we learned that the total value of all the Cryptocurrency in the world hit $4 trillion for the first time ever.
Journalists are describing Bitcoin as a “time bomb,” though.
Here’s why I’ll see you at Crypto $5 trillion.
On Tuesday, we talked about how and why early humans gathered and moved in herds.
That mentality is very much alive today.
We’re all about breaking away from the pack – and we’re looking for a small-cap ripper…
On Wednesday, we met the best fundamental analyst on Wall Street.
Usually we don’t get too deep into the funnymentals.
Here’s why we go with charts over humans any day of the week.
On Thursday, we revisited small-caps because everybody hates them.
We see a bunch of regional banks and biotechs…
And we’re making some big bets.
On Friday, we discussed the fact that the S&P 500 and the Nasdaq-100 hit new highs the same day the latest AAII survey data was released.
Somehow, there are still more bears among individual investors than there are bulls – by a lot – and it’s been this way for a couple of weeks.
Can you believe a stock market making new all-time highs scares people this much?
On Saturday, Senior Analyst Jason Perz took us on an extraordinary journey into the world of BMX riding.
I’m as competitive as the next guy, and this is crazy, but there is a lot of valuable stuff in here about mental toughness.
Here’s Jason on what he learned about trading the day he almost died.
Have a great Sunday.
We’ll see you Monday morning…
Stay sharp,
JC Parets, CMT
Founder, TrendLabs