Dow Jones BULLS are holding ground
AS we can clearly see a Triangle with flat base and Bulls holding ground while bears are losing.
As long as the 31200 Holding and not broken, we should be good to reach 32500 soon.
The market spirit is towards taking risk, selling bonds and buying more risky assets, this happens after every recession.
So we expect the DOW JONES to reach 36K this year. this offers a great opportunity for long term investors.
Feds policy is supporting economic growth, price stability and max employment
FEDS are far away from any rate hike, also they avid mentioning tapering at the mean time,
All this should be very Bullish for the DOW
The dow indice holds BANKS in it, and this is one reason it didn't fall as much as Nasdaq lately. If u were asking why the NAS did crash.
In the long term, NASDAQ will out perform the DOW, as the future is towards TEch companies .
Buying Nasdaq is a great opportunity now as wel as DOW JONES