By FXEmpire.com

The Dow Jones had a positive week for the last five sessions yet again. This finds the market at the 13,275 level, which is just below the 13,300 level needed to break to yet another high. This does indeed look bullish, and it should be suggested that every time there is a fall in this market there are buyers to step in and pick it back up.

This very well could be in reaction to the idea of the Federal Reserve expanding quantitative easing during the month of September, but the reality is that it doesn’t matter why it’s doing this, just that it is. The market looks set to keep rising, and we fully expect to see 13,500 in the relative near future. Because of this, we are buying industrial stocks on pullbacks in general. We do not see the wisdom in shorting the Dow Jones 30 at this point in time.

Click here a current Dow Jones Chart.

Originally posted here