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DOW JONES: 30-01-2017

DOW JONES: 30-01-2017
January 29
16:56 2017

Dow Jones is poised to move above 20167 and later in the days of the week it can even move towards 20585.  Support for the US Dow Jones is at 19905. The latest GDP numbers were below street expectation can cause minor technical corrections.  Analysts were expecting 2.2% growth in GDP but it was only at 1.9% kept the market participants under tremendous pressure.  If the market opens with a downside gap on Monday, investors will use it as an entry level because of the lower VIX.  Concerns of Chinese military deployment in East and South China Sea are a major concern for the market participants, because this can lead to a military conflict between US and China.

Image Credits: “Venturelli Luca/Shutterstock.com”

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ALEX MATHEWS

ALEX MATHEWS

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