usually when you break a number like that you are goign to get another 200 pts just for the short squeeze. But it needs to close over it
Since it is an index, it's not like there's going to be a magical squeeze the second it's over 14,000... it takes maybe 14020 or 14050 before people know it's real and start buying/covering like mad. I doubt many people left orders in real close to 14,000
Exactly. Besides that, blue chips already started with good results so it's likely it's a trend that might continue due to strong 2nd quarter global growth...over the course of earnings, unless something changes, the trend of buying stocks up on good earnings will push the Dow higher.