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Levin: Markets Headed Toward Record High

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  • Description

    Trading Advantage’s Larry Levin on the direction for the market.

  • Duration 1:30
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Congo is Larry -- with the trading advantage.

I increased offer them this morning with the Dow climbing to within what 400 points of the all time record high -- and we still up 47.

Do you think we're gonna go straight into record territory move above 14100164.

A whatever they all time -- We gonna get them.

Yeah I think Llewellyn expect I think behind Axel I was about 14100198.

That was the intraday high and then we settled a little bit.

Lower than that obviously it's -- number of 67 years ago but I do think that's certainly within reach sort I don't think we're gonna see it this week right -- -- 400 point move in the doubt we've already rallied quite a bit so technically speaking at five we have a little bit of a pullback and then reaching up that levels to look court meeting next two weeks next three weeks.

Certainly played in the next two months that's for sure not -- Article others in the Wall Street Journal today that said that -- the professional money managers are saying in the retail crowd that's people like many individuals coming back into -- Have you seen that.

Absolutely see it every time we get near a high right.

He gets talked about the meaning you and I are talking about it investors noticed that and a big jump in and sometimes that's not the best thing to do in fact in my opinion I don't think it's -- -- fear viewers with a jump in right now right wanna look for -- we don't want by the highs.

You always see this situations or people buying the highs certainly when we're sitting at the -- -- a lot of -- you know it's a lot of play everybody jumps into the market you know will with playing like a fiddle what's the truth.

But Larry Levin thank you very much indeed.

Let me just --

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