Charting the approach of Dow 19,000 against rotational (and bullish) backdrop

The major U.S. benchmarks continue to grind higher, extending the November rally in increasingly slow-motion form. Against this backdrop, the S&P 500 and Nasdaq Composite have reached all-time highs — uncharted territory — while the Dow industrials have briefly tagged the 19,000 mark for the first time on record.
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