Near Term Trend: Positive
Fridayâ€™s Close: 5,063.20 (+ 12.18)
UPDATE: The Index posted yet another new high on Friday.
Last week we stated, â€śWe expected profit taking at this juncture, but that may have to wait until post inauguration, and into Februaryâ€ť.
Letâ€™s see what the next week or two brings now that the new President has taken office.