Once again the Dow Jones rejects a prior negative close and rebounds

Well, despite setting a technically negative close on Tuesday evening, the Dow Jones reversed the lower opening, at 42,706 and rebounded from a session low at 42,692. The index lifted as high as 43,100 and later held most of the rebound, to close the session 337 points higher, at 43,077. The continued resilience of this index to technically weak closes is not new and it has been a theme for many months now. Yesterday was simply another prime example of that dynamic. Certainly, all the latest Q3 earnings reports continue to underscore the trend and that is what has pushed the index to the current record levels when all is said and done. So, it seems all the good news is not priced in yet, right? Well, as far as the Dow components Q3 reports later today there is nothing to note ahead of the latest US retail sales data due out at 12.30pm GMT. Right now the Dow futures are ever so slightly lower, currently pricing the opening at around 43,010