Bullish Mode

Bullish Mode

DJ Resistance :   15.709.58 All time high
                          15.658      August peak

DJ Support    :   15.413      Last week top
                          15.150
                          14.719 - 14.760  Strong
                          14.400      Very strong

Technical Analysis :
The S&P is in its all time high and NASDAQ in its thirteen years high. Both are doing very well  in their bullish trend. Despite the Dow Jones index is lagging, it has broken up DJ15.413 last week top and is targeting DJ15.658 August peak.
Normally the S&P or NASDAQ initiates the movement. The three indexes are pointing up right now but the blue-chip benchmark needs a weekly close over DJ15.709.58
The DJ is over the 20, 50 and 200 days moving averages, those means good support for the index.

Fundamentals :
The 148.000 September non-farm payroll employment and 7.2% unemployment rate news are positive but not enough as the U.S.A. economy needs them. A strong american economy in growth asks for at least 250.000 monthly new jobs.
We are in the earnings seasons, I expect good corporative results. We can not forget that October is the month of the stock market crashes, I don't say that for superticion but for psychology.
The american economy is going to pay for the consequences of the October goverment shutdown and the debt-ceiling. The estimation is about 20 billion for the last 2013 trimester.
My position in this moment is that we are going to see the S&P at 1.800 before the end of the year. We have in front of us the Thanksgiving and Christmas rally. I am not a fortune teller, I try to get all the information I need, I study and  analyze it and finally I take rational conclusions.

Dear traders and investors, you are not alone I am with you in this fascinating activity, sometimes we are winners and sometimes we lose but we always fight to be better and to win in these markets.
Good luck, viel Glueck, buona fortuna, buena suerte, bonne chance!
Ulises