Dow Jones 17,262 supported

DJ Resistances:  18,103.45  All-time high
                             17,916       Last 10 days high
                             17,600

DJ Support:        17,262       Strong, important battlefield
                             16,990       Strong, important battlefield

Technical Analysis:
January low has worked as strong support in this decisive battlefield in the three indexes (DJ, S&P, Nasdaq)
Buyers were attracted in DJ16,262 and they allowed the market to bounce up. Dow Jones over DJ16,990 and specially 17,262 maintains all its upside potential, below those levels the chart changes but it is still bullish in the long run.
The three indexes are supported by its 200 days Moving Averages, they are strong supports.
Technically, Dow Jones Industrial Average (DJIA) is in an uptrend right now consolidating and challenging important supports.
Please click over the chart to enlarge it.

Fundamentals:
Positive Chinese economic news gave support to the stock market bulls, China got an increase of 7.4% GDP in 2014. Specially, after FMI adjusted its projections to the downside for 2015.
FMI increased its expectations for U.S.A. GDP in 0.5% to 3.6% for 2015. China will increase 6.8%, EU 1.2%, Japan 0.6%, United Kingdom 2.7%, Canada 2.3%, Russia -3%, India 6.3%, Spain 20% and the emerging markets will be weak. With that, the real interest rates will stay low for at least the end of the third quarter. That and low gas prices, U.S.$750.- for each American family more in 2015, would be good for the stock market. Consumption sentiment is positive and should be higher during the 2015.
Dear traders and investors, the stock market will be driven by the earnings season in the next two or three weeks, It is important in the short term to remain over DJ16.990 to develop the consolidation period and to get a new attempt to the all-time highs.
Good luck, viel Glueck, buona fortuna, buena suerte, bonne chance!
Ulises