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miércoles, 18 de noviembre de 2015

Dow Jones still over strong supports

DJ Resistance:  18,351     All-time high
                        18,206     Breakdown
                        18,104     2014 peak
                        17,978     High before pullback
                        17,810     Light but important
                        17,595     200 days moving average
                        17,579     August breakdown

 DJ Support:    17,210     Last bounce
                        17,125     Light
                        17,050     Very strong
                        16,933.43 September high
                        16,667     Breakdown very important
                        16,460     Light
                        15,980     Very strong
                        15,651.24 Important
                        15,370.33 Very strong

Technical Analysis:
DJIA is consolidating over DJ16,933.43-17,050, it is bullish-leaning bias for the long run. DJ17,579 and DJ17,595 (200 days moving average) are important levels of resistance. The market is in a not well charted zone.
What is important is to remark the Monday's engulfing up bounce. That is really positive according to the technical analysis.

Please click over the chart to enlarge it.


     Fundamentals:
Retail corporate earnings last week drove the market to the down side, Macy's -17.9% and Nordstrom -13.8%. But this week Walmart Stores and Home Depot better than expected reaffirmed the possibility that consumers are going to drive to a possibly new highs before year's end and the continuation of the bull market.
Dear traders and investors, we have to work reading if the bull market will continue its path. It seems to me the bull market is alive and I expect a rally before year's end.  When do we have the rally? I am working on it.
Good luck, viel Glueck, buona fortuna, buena suerte, bonne chance!
Ulises       

1 comentario:

  1. The market continues it surge supported by infra, oil & gas and IT stocks. The Sensex is up 192.96 points or 0.7 percent at 26034.88 and the Nifty is up 57.60 points or 0.7 percent at 7900.35.
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