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Another day another record close for the Dow Jones

Well, there was no stopping the Dow Jones again yesterday and the fact that it successfully filled the price gap from the day before and then rose again was indicative of the positive trend remaining in place. However, it did fall back again later in the session, dropping to a new low on the day at 37,051. No matter though because the index then rose again into the close, where it set another record closing high, at 37,248. The earlier intraday, and all time record for the index was set earlier in the day, at 37,287. The gains seen in Asia today have helped to propel the Dow futures higher and they are currently pricing the reopening at above 37,300. Perhaps I should note, that the 14 day RSI (Relative Strength Index) is above 84 as of the close last night, which of course means the index is well into overbought territory now, just as with the DAX earlier in the week. 

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