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DOW JONES: 22-08-2016

DOW JONES: 22-08-2016
August 21
19:09 2016

Dow Jones closed on Friday slightly lower due to over- bought situation, but the outlook is still positive and it is likely to test 18647 and 18777 in the near term.  Support for Dow is at 18454 and 18332.   S&P 500 Volatility Index is still hovering at around 11.34 is a clear indication of strong undercurrent of Dow Jones.  India VIX jumped higher on Friday, but it is still below 15% mark indicates positive outlook for the market.   As the US markets are poised for an uptrend it is advisable to go long in stocks, rather than creating shorts.

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ALEX MATHEWS

ALEX MATHEWS

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