Racing Towards Target - Dow Jones Steams Ahead

 

Dow Jones picked up steam to race towards its goal of 18000. That is exactly what we had predicted in this post

In yesterday's trading session Dow Jones gained 107 points and closed at 17792. This momentum is sure to take Dow Jones to 18000.

Those who took cue from my earlier posts to buy in US Markets would be sitting pretty with hefty gains. I had given this buy call when Dow Jones was trading at 17400, six trading sessions back. Hope you see reason  to trade my recommendations.

 As for Indian markets, Nifty is taking a breather before resuming its upward journey.

Nifty seems to be in consolidation phase. The following scenarios can happen in Nifty, which closed at 7713 last Friday :-

1. Nifty can come down to 7600 level and then take support.
2. Nifty can go further down and take support at 7300 level.
3. Nifty can go up from here and close near 7800.

Whatever be the case, Nifty is consolidating to make a dash to 8600 in couple of months.

Dow Jones Breaks Out - Is It On Road To 18000?

Up up and away!

US markets are in a wonderful northward journey. What a majestic jump it is taking in today's ongoing session!!

If you have been following my advice over a number of days, you have got an entry in market and now you are in profit. Check my last four posts pleading with you to buy US markets:-

1. Dow Jones Tumbles- Ready to Buy in US Markets?
2. Remember to Buy US Markets Today - Pick the Dip
3. US Markets Lose Traction - Have You Started Buying?
4. Compelling Market Conditions - Do Not Stay Away From Trading US Markets

I guess Dow Jones is good to reach 18000 in this run up. For now let us watch the bulls in full force.

Compelling Market Conditions - Do Not Stay Away From Trading US Markets

It is not time to stay away from US markets. It is time to enter trade. Conditions are perfect for traders since you are getting good entry point to go long. US markets need to be traded.

However long term investors may take a break and go on extended holiday.

In my last post  all the opportunities to enter trade have been outlined. First lot of buying has already taken place when Dow Jones dropped 100 points on 23 Mar 2016.

Keep your buying spree going. Do not get worried since in this run up you are bound to see 18000 in Dow. Hence this correction is simply an excellent opportunity to enter trade on the long side.

Remember to keep buying till Dow Jones reaches 17100.

US Markets Lose Traction - Have You Started Buying?

For last three days I have been asking you to buy US stocks as Dow corrects by 100 points. Yesterday Dow had lost 100 points and had given the first buying opportunity. Check it in my last post here.

If you had bought your first tranche of stocks yesterday, then you need to keep buying in tranches till Dow reaches 17100. This had been advised in my earlier post which you can access again.

As of publishing this post, US markets are indicating further weakness. Dow Jones Futures is presently down by 80 points. So today also you need to buy the second tranche of US stocks when US markets open for trading.

Make sure you enter trade when Dow Jones touches 17350 level.. In this correction in US markets you are getting a good chance to enter markets, so do not miss this opportunity.

Remember to Buy US Markets Today- Pick the Dip

Be ready to buy in US markets today. I have already maintained in my last post  that you need to start buying as and when Dow Jones corrects by 100 points. Today seems to be the day when you will get the chance to enter US markets.

Keep buying all dips till Dow reaches 17100. From whatever point Dow reverses this slide, you will get to profit from the move. Most likely point of reversal is 17350 in Dow Jones.

So far the Belgium terror attack has had no serious effect on global markets, US being no different. But that can change with a few statements here and there from people who matter.

Moreover, oil is again sliding down. There are also home sales data which is worrisome. And most of all it is the sentiment of traders which has been dented by global events. There will be traders who would like to book partial profits with dip in sentiment as an excuse.

Whatever be the reason, make sure to start buying the dips in US markets as outlined above. Best of luck!