As we approach the Holiday Season the Dow Jones continues to search for direction. Will there be a Santa rally or will the bears come out to play?
DOW JONES Industrial Average
Trend – Bullish
New High – 10517
Previous Low – 9647
Resistance/Support at 10320 (Fibonacci 50% Retracement Level)
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Most market indices have been in a sustained uptrend since March, but how much further can the markets continue to run? What follows is an assessment of the Dow Jones Industrial Average.
DOW JONES INDUSTRIAL AVERAGE
Trend – Bullish
New High – 10495
Previous Low – 9647
Resistance at 10320 (Fibonacci 50% Retracement Level)
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Market forces, know as supply and demand, play a significant role in the determination of price. Understanding the basics of economics can assist an investor in two ways:
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As investors and traders, the Global Financial Crisis (GFC) provided us with a timely reminder of what happens when the ‘excesses’ of the financial system are left unchecked by market regulators. Although scores of people lost large sums of money and in some cases their homes, it has also been an incredible time for us to appreciate how the economies and the financial markets of the world are so closely linked.
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