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Dow Jones backs away from a new all time high at 37,801

Not long ago the Dow Jones did open at a record opening level of 37,747. It then traded immediately to a new record high at 37,801. However, it has now backed away from that new record and fallen back underneath 37,600. The drop back in the price action is not exactly conclusive yet and as with the dollar right now; there seems to be a battle raging between the stock market bulls and the bears. So, where is my money right now? Well, if I was involved I am not sure I would be buying any stocks at all time highs after the CPI number we had earlier this afternoon. The Dow Jones is currently trading at 37,590 

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