Off the Charts

The Dow extended its win streak to 10 days, the longest such streak since 1996, and closed at all-time highs once again Thursday. Macro investors continue to get rewarded, but traders are finding it harder and harder to justify new long positions. The S&P (SPY) edges ever closer to its all-time high, and if this trend continues the index might reach 1700 much earlier than 2015. The S&P and Dow both finished up around 0.6%.

While the Dow has continued to creep higher, the S&P has actually put in a mini-upper level range over the past few sessions that traders could have used as a frame of reference. This morning the index opened just above the upper end of that three-day range (1556) and held the gap before pushing higher into the close. Still, there wasn't a lot of momentum to play after the up open this morning....626 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

Read the full story and get access to the Real Money Pro trading floor.

There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.

Already a Subscriber? Please login.

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.