Implications and Outlook
1. The Dow Jones added 200 points where having a noteworthy plus 1.4% rally. Stock earnings season will start soon with sizeable money still perched on the sidelines. This continues to be the most despised rally we have witnessed in quite a long time and the more they will detest it, the higher up it wants to go! Treasury interest curve is continuously on the flatter side, and the money flow begins to speed up toward America.
(Keep in mind: Whenever bonds climb, the stock market will go down, and whenever the stock market is headed up (most likely for the short term) then bonds more often than not head down.)
2. Core, Dow Jones Index, followed the bounce off the Mean Support 24707 (Inverted Mean Resistance) which resulted in a rise for the index climbing towards Key Resistance of 25322 level.
3. The violation of the Key Resistance 25322 will undoubtedly bring serious of the mid to intermediate-term bullish implications, having upside target to retest completed Index Rally of 25400, with a possibility of drawdown back to Mean Support 24707.
4. Current Index Strategy Bias: Bullish 70 / Bearish 30
1. The Dow Jones added 200 points where having a noteworthy plus 1.4% rally. Stock earnings season will start soon with sizeable money still perched on the sidelines. This continues to be the most despised rally we have witnessed in quite a long time and the more they will detest it, the higher up it wants to go! Treasury interest curve is continuously on the flatter side, and the money flow begins to speed up toward America.
(Keep in mind: Whenever bonds climb, the stock market will go down, and whenever the stock market is headed up (most likely for the short term) then bonds more often than not head down.)
2. Core, Dow Jones Index, followed the bounce off the Mean Support 24707 (Inverted Mean Resistance) which resulted in a rise for the index climbing towards Key Resistance of 25322 level.
3. The violation of the Key Resistance 25322 will undoubtedly bring serious of the mid to intermediate-term bullish implications, having upside target to retest completed Index Rally of 25400, with a possibility of drawdown back to Mean Support 24707.
4. Current Index Strategy Bias: Bullish 70 / Bearish 30