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DOW JONES

    DOW JONES: 20-11-2017

DOW JONES: 20-11-2017

DOW JONES OUTLOOK The biggest risk in US is the sharp drop in bonds, which is considered as early sign of technical correction of equity markets.  Dow Jones has strong support and resistance at 23264 and 23599 respectively, a break below or above can give a major direction for the

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    DOW JONES: 23-10-2017

DOW JONES: 23-10-2017

DOW JONES OUTLOOK Now let us examine the Dow Jones, the Monthly RSI (relative strength index) Weekly RSI and Daily RSI are 84.07,81 and 88 respectively.  It clearly indicates imminent technical correction, which could bring down Dow Jones towards 23000 or more.  Like Dow; NASDAQ and S&P 500 are also

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    DOW JONES: 16-10-2017

DOW JONES: 16-10-2017

US Inflation rate rises to 5 month high which is negative for US dollar.  Next week US Federal Reserve Yellen Speech is very crucial for equity markets across the globe.  WPI Inflation, WPI Fuel, WPI Manufacturing YOY data’s are expected next week. Dow Jones has resistance at 23000 and 23246. 

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    DOW JONES: 09-10-2017

DOW JONES: 09-10-2017

As expected Dow Jones made a new 52 week high last week, it is slightly overbought but still it can move up further towards 22779 and 22843 in the days to come.  US S&P 500 VIX is at multi year low is at around 9 suggesting strong up move on

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    DOW JONES: 25-09-2017

DOW JONES: 25-09-2017

Dow Jones is still in buy mode may extend supports to the Asian Markets.  Dow has resistances at 22416 and 22514.  Strong support can be expected at 22285 levels.  Rising geo-political tensions can dampen the positive sentiments, so it is prudent to stay safe by reducing overnight open positions.  

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    DOW JONES: 17-07-2017

DOW JONES: 17-07-2017

Dow Jones is likely to remain volatile, but outlook remains still positive during the quarterly earnings season.   Dow has immediate resistance at 21653 and it can even test 22198 in coming weeks.  Dow may get support at 21431.  S&P 500 VIX already fallen below 10 indicating strong outlook for the

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    DOW JONES: 10-07-2017

DOW JONES: 10-07-2017

Dow Jones Let us check Dow Jones outlook, which is likely to move up in the next week but upside is capped.  Dow has support at 21303 and has resistances at 21472 and 21532.   Image Credits: “Venturelli Luca/Shutterstock.com”

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    DOW JONES: 03-07-2017

DOW JONES: 03-07-2017

Dow Jones industrial average is still positive the monthly charts are suggesting a level of 21735 and it has support at 21185 and 21125.  After holidays on Monday and Tuesday Dow can open with a gap up on Wednesday’s trading. Macro data’s like U.S Markit Manufacturing PMI, US total vehicle

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    DOW JONES: 19-06-2017

DOW JONES: 19-06-2017

Nasdaq indicator is still looking weak but DOW Jones is placed better.  DOW Jones has immediate resistance at 21453 and 21806, it has support at 21163.  It is prudent to buy long strangles of Nifty rather than buying the put options alone. From US EIA Crude oil stock change, US

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    DOW JONES: 12-06-2017

DOW JONES: 12-06-2017

DOW JONES Despite weak cues from Nasdaq DOW closed positively on Friday.  Dow has immediate resistance at 21364 and support at 21122.  Expectation of a rate hike by US Fed in the next policy meet can cause minor profit booking but the undercurrent of the market is still positive.  

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