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miércoles, 3 de enero de 2018

2018 seing Bullish

DJ Resistance:  24,885.78  All-time high

DJ Support:      24,715.90
                           24,610       20 Days moving average
                           24,500
                           24,100
                           23,992       50 Days moving average
                           23,950
                           23,600
                           23,500       Gap upside
                           23,480       Gap downside
                           23,250       Strong
                           23,174       Gap
                           23,002       Strong, gap
                           22,890
                           22,795
                           22,420       Strong, breakout
                           22,119
                           22,101       200 Days moving average
                           22,000
                           21,912
                           21,600
                           21,535       July peak
                           21,115
                           20,800
                           20,590
                           20,400       Strong
                           20,125       January peak
                           20,732
                           20,672       January low

Technical Analysis:
2018 scenario is firmly bullish.
DJIA could not reach DJ25,000 with the small Christmas Rally in the last days of 2017 but has sustained the last 2017 technical rally breakout staying in the range DJ24,715.90-24,876.07.
The way to DJ25,000 is open and clear to be reached. In the last two weeks the range is about 150 points.
The November rally resembles the September rally and right now the last range seems to be in the same situation.
S&P has the same picture and it last range is only 21 points.
There is no selling pressure at the moment. The trend is bullish what means the stock prices should go up.

Please click over the chart to enlarge it.


Fundamentals:

Happy New Year!

DJIA didn't get DJ25,000 but it raised 28.11% and S&P21.83% during 2017.
The tax cut change the corporations rate from 35% to 21% and is putting more money on the consumers' hands. U.S. GDP is about 70% from the consumers.
We have to pay attention on January 19th. due the debt ceiling and not to stop the government activity.
The economy is doing well and consumers will demand more products and services.

Dear traders and investors, I am still bullish with the stock market, I think that 2018 is going to be an excellent year for the stocks. All the information that we can manage now show us an upside path. Hopefully the geopolitical problems will remain aside or they will be solved. I am ready to work for you as always.

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

                         

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