INDU Dow Industrials Daily Chart Historic 26-Day Run Above the 5-Day MA

The power of the central bankers is impressive continuing to pump global stock markets higher for six years. The one-month rally ignited in mid-October when Fed's Bullard promised to keep quantitiative easing on the table which means QE 4 is coming some day forward. Stocks never looked back. The Fed, BOE, BOJ, ECB and PBOC all join in to create the robust upside market orgy. Just when you thought the market was running out of gas, bingo, last Friday, 11/21/14, the PBOC and ECB collude firing money bazooka's that extend the buying frenzy creating more all-time record highs. The central bankers are the market.

The Dow is above the 5-day MA for 26 consecutive days an unprecedented run. This shows robust buying in the stock market with traders euphorically buying any stock with a heart beat. Many investors are plowing into dividend stocks for the last few months boosting the Dirty 30 thinking the blue chips will provide safety if the market turns south. Since the central bankers have destroyed price discovery the last few years, all asset classes are in new bubbles with prices bloated to lofty heights. When the market pull back occurs it will likely take everything with it to the downside including consumer staples, defensive, blue chip and dividend stocks.

For now, the stock market is in full party mode with low volatility, low put/call ratios and a high SKEW. There are no bears remaining. Everyone is long and simply buying and selling to other long players taking equity prices higher. The central bankers plan on supporting the stock market forever so there is no reason to worry. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.

Note Added 7:16 AM on Tuesday, 11/25/14: The Dow prints another new all-time closing high at 17818 and logs the 27th consecutive day above the 5-day MA.