26,000
25,800.35
25,400
24,876 2017 peak
24,719 2017 close
DJ Support: 24,472 50 Days moving average
24,411 20 Days moving average
24,280
24,100
23,500
23,250 Very strong
23,174
23,002 Strong, gap
22,890
22,795
22,420 Strong, breakout
22,119
22,000
21,912
21,600
21,535
Technical Analysis:
DJIA is near important resistances like the 2017 high DJ24,876 and 2017 close DJ24,719. S&P and NASDAQ Composite are almost doing the same. If they break those resistances the bulls would have an excellent opportunity to show their intentions.
Volume is weak in the last sessions.
In the short term the technical picture remains bearish-leaning. The important support area DJ23,250 - 23,500 stays unblemished.
Please click over the chart to enlarge it.
Fundamentals:
President's Trump announcement about the Iran deal has not caused a great reaction. The financial market is acting all in stride like the oil market. It seems that the 90 days grace period eliminates uncertainty. Opinions are split if the decision is positive or negative for the United States.
The Redbook numbers for the retails stores showed the sales increase in the same stores with a y/y gain of 4.2% compared to last month's 3.5%.
The number of job opening in U.S.A. surged in March to a record 6.55 million from 6.1 million
Employment is in shape and the last economic reports show strength in the economy.
Dear traders and investors, there are uncertainties and new rules participating in the geopolitical, the financial markets doesn't like them but they have to live with. Economy and consumption are healthy therefore a rise in the market should be underway.
Good luck, viel Glueck, buona fortuna, buena suerte, bonne chance!
Ulises
PC Jeweller's board approved buy back of 3.07% shares at Rs350 per sharefinancial advisory company
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