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Where will Dow go from here?

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  • #31
    There is still a push up on the Dow Jones.

    Here's a good chart that shows the bigger picture.

    http://bullandbearmash.com/chart/dow-jones-daily-swings-220-points-closes-100/

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    • #32
      AN,

      do you need subscribers for your site ??

      Sixer

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      • #33
        new year rally is here!

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        • #34
          Market Review: Persistent worries about the US “fiscal cliff”

          SaxoBank UK, Saxo Capital Markets UK

          Forex: EUR trading mostly higher

          The EUR is trading higher against the USD and the JPY. Investors are keeping a close eye on developments concerning the outcome of the US budget talks after the House Republican leaders earlier cancelled a vote on a “Plan B” to avert the “fiscal cliff”. Market participants are expected to remain on the sidelines amid a holiday week and few economic releases globally. The EUR is trading 0.3 percent and 0.2 percent and 0.6 percent higher against the USD, the GBP and the JPY, respectively.

          The AUD has lost 0.1 percent versus the USD.


          US Stocks: Futures trading lower

          The Dow Jones futures have lost 0.2 percent and are trading at 13105, while the S&P 500 futures have declined 0.3 percent to trade at 1422.3 as cautious investors await the year-end outcome of the US "fiscal cliff" deal.

          Alexza Pharmaceuticals (ALXA) tumbled 10.2 percent in the after hours trading session on Friday, despite its announcement that the US Food and Drug Administration has given approval for Adasuve, its treatment for schizophrenia and bipolar disorder.

          Approval of a buy back plan of around USD 30.0 million worth of American Depositary Shares from its board of directors led Pactera Technology International (PACT) to advance 3.3 percent in the after hours trading session on Friday.

          Macro Update

          Japan’s Abe pressurises the Bank of Japan to adopt a new inflation target

          House prices in the UK continue to decline in December

          US President, Barack Obama, presses for a smaller “fiscal cliff” deal

          Surplus “possible” if economy delivers, says Australian trade minister

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          • #35
            Still the best trade is to long SP500 and short Nikket 225 gaining the net profit. The U.S engine is real and strong this time around, so be aware as trading is to continue strong here.

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            • #36
              Dow Jones is near all-time highs. I think the Dow will be moving in a wide channel now. Stochastic is almost overbought. That speaks in favor of a turn down, near the highs of 27000.

              Weekly

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