The Dow Jones Industrial Average (DJIA) grinds higher on Monday, climbing into 38,775.00 after bottoming out near 38,475.00 early in the day. The Dow Jones remains on the low side of last week’s peaks near 38,960.00.
The DJIA remains down from all-time peaks above 39,200.00 set in February, but a near-term floor sees the index trading north of the 50-day Simple Moving Average (SMA) at 38,295.00. The DJIA has outrun the 50-day and 200-day SMAs since crossing into bull country back in November.
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