Still at Major Support

DJ Resistance:  21,169      All-time high
                           21,000
                           20,850      Gap closed
                           20,758
                           20,720      20 Days moving average

DJ Support:      20,625      50 Days moving average
                           20,512.56 Tuesday low
                           20,410      March low
                           20,125      January peak
                           20,000      Very strong
                           19,800
                           19,732
                           19,678.     January low
                           19,220      200 Days moving average
                           19,200      Strong
                           18,800
                           18,668      Old all-time high
                           18,247      August high
                           18,000      Strong
                           17,833.23 November low (Trump rally)
                           17,579      Inflection point
                           17,125      Very strong

Technical Analysis:
Dow Jones and S&P are testing again the important support 50 Days moving average, DJ20,625 and SP2,348. A violation of it would be considered weakness and next support would be DJ20,410 (March low), DJ20,125 and 20,000 should support the index. A violation of DJ20,410 would put the midterm in a bearish mood, which means a change of the actual bullish trend.
If the 50 days moving average support the indexes, the bullish trend is intact.

Please click over the chart to enlarge it.

 Fundamentals:
This is an important week for believers.
The question that I receive constantly is about the first quarter trend continuation. It is impossible to define because I am not a guru. Based in the global economy, it is growing (German Investors Confidence ZEW is strongest since mid-2015 from 12.8 to 19.5) and the U.S. corporation earnings are coming solid and expected to maintain this rhythm in at least two quarters more tell me that the stock market would evolve positively in the medium term. That doesn't mean that in the second quarter the stock market will get new all-time high. It seems that in the very near future we are confronting some irregular ups and down coming from the Congress debates and the geopolitical uncertainties like SYria, Russia, North Korea and Iran.
Dear traders and investors, I am still positive with the stock market for 2017. My advice is "stay the course" and buy in the deeps always following your portfolio investing objectives and what your risk tolerance allow.

HAPPY EASTER!

HAPPY HOLIDAYS!

HAPPY PASSOVER!
Good luck, viel Glueck, buona fortuna, buena suerte, bonne chance!