Dow On The Brink Of A Breakout

 | May 01, 2014 01:49AM ET

It's probably down to the Dow to lead bulls out.  Other indices are too far back to make a difference, and the S&P isn't close enough to suggest it will do the lead out. Volume climbed to register accumulation, a good sign for bulls looking for more.

The Dow managed a picture perfect 50-day MA, and now could be at an all-time high by the end of the week.

For today, bulls are ready to profit from a breakout in the Dow (and S&P), but bears may attempt a sneak attack on the Russell 2000. The easy focus is the Dow, but the Russell 2000 may be the one to deliver the bigger profit.

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Declan Fallon

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