19,887.38 December peak
DJ Support: 19,810
19,719 Strong
19,200 Strong
19,090
18,800
18,668 Old all-time high
18,247 August low
18,000 Strong
17,833.23 November low
17,579 Inflection point
17,125 Very strong
Technical Analysis:
S&P and NASDAQ COMPOSITE have gotten new historic highs, and DJIA has tried to break DJ20,000. December had an interesting volume.
The charts show a clear trend to the upside. NASDAQ COMPOSITE did a new all-time high fueled by Amazon, Google, Netflix and Facebook. It has confirmed its bull trend with several closing new all-time highs. S&P did a new all-time high but without really breaking out.
DJ20,000 is a target and represent a strong resistance, bulls have to fight to overcome it. DJIA has two months closing over its 20 days moving average. The strong support is between DJ19,712 - 19,750.
Technical analysis indicates a firm bull trend. 2017 has began very optimistic.
Please click over the charts to enlarge them.
Fundamentals:
The market is plenty of positive economic news. NFIB (National Federation of Independent Business), America small business association and small business optimism index, gave yesterday an impressive reading to 105.8 the best one from 2004. That means more investments, spending and job growth, the two thirds of GDP in U.S.A. is make up by the consumer. We can expect then higher economic growth, earnings growth and share prices.
The market is waiting for the new president of U.S.A.
Dear traders and investors, 2017 promises to be a very interesting year, it seems very positive for the stock market and I am glad to be back with you. Excuse me because it seems that there are problems with the blog server.
Good luck, viel Glueck, buona fortuna, buena suerte, bonne chance!
No hay comentarios:
Publicar un comentario