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DOW JONES: 27-02-2016

DOW JONES: 27-02-2016
February 26
17:36 2017

Dow Jones made 30 year record high on Friday and there are possibilities that it can move up further towards the north.  Analysts are of different views on valuations on DOW.  At present stocks are trading 18 times forward earnings estimate which is above the historical level of 15 times forward. Market participants are awaiting the tax reforms by the newly elected US President which will unveil during the next week. S&P 500 VIX declined on Friday by around 2% and settled at 11.47 suggesting further uptrend on cards.  DOW has support at 20650 and it has resistances at 20914 and 21154.

 

Image Credits: “Venturelli Luca/Shutterstock.com”

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ALEX MATHEWS

ALEX MATHEWS

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