Member access

4-Traders Homepage  >  Indexes  >  USA  >  Dow Jones Industrial Average    DJI   US2605661048

In partnership with
Pre-market
1.06%
17378.09 USD
Delayed Quote. Delayed USA - 10/30 04:30:55 pm
17195.42 USD   +1.30%
6m agoDJMARKET SNAPSHOT : U.S. Stocks: Dow Could Open At An Intraday Record After B..
21m agoDJMARKET SNAPSHOT : Dow Rings Up Eighth Triple-digit Gain In October
25m agoDJMARKET SNAPSHOT : U.S. Stocks: Futures Imply 200 Point Dow Surge After BOJ ..
SummaryQuotesChart AnalysisNewsAnalysisComponents 
Analysis summary4-Traders Strategies 

Dow Jones Industrial Average : Lack of new catalysts

02/12/2013 | 10:41am
Opinion : Check out the trading range breakout USD 13800/ USD 14020

Wall Street remains bullish close to its highest annual levels as investors have been reassured by encouraging economic data in the United States and China last week. However, brokers now seem to lack additional elements to push the markets higher. A slight technical consolidation could take place in the coming sessions.

The Dow Jones continues to be driven by positive indicators for global growth which may increase moderately. Indeed, the strongest contraction in four years in the trade deficit suggests that the U.S. growth for the 4th quarter could be adjusted upwards. At the same time, China's data on foreign trade has a positive effect on investors who considered that the second largest economy could be in a favorable trajectory for the beginning of 2013.

Besides, operators continue to be satisfied with the earnings of American companies. The amazing performance of social network LinkedIn has come to demonstrate that a company from the Internet sector could diversify its revenues beyond advertising. This may open up some interesting horizons for companies in the technology sector.

However, Wall Street has difficulties to continue its rally from January due to lack of new catalysts. A correction could now occur and even be beneficial. U.S. indexes could consolidate before continuing their bullish trend. Furthermore, Wall Street has been more or less in "pause" especially due to a near-zero volatility.

The dynamics of the Dow Jones remains on a strong upward trend in daily data above the 13,800/13,850 level which also refers to the 20-day moving average. After reaching 14 000 points the index could start a necessary consolidation towards 13,610 points, then 13,300 points per extension. A positive reaction could take place to resume the upward movement towards 14000 points and new highs. We await the exit of the trading range (13800-14020 points) to take position using the E-mini DJ future (code : YMXXXX) on the CME futures market.

Dow Jones Industrial Average : Dow Jones Industrial Average : Lack of new catalysts
Copyright (c) 2014 4-Traders.com



Disclaimer: 4-traders.com is a website published by SURPERFORMANCE SAS. Surperformance or 4-traders.com is not a registered broker-dealer nor a registered investment adviser. You understand that this web site and its content is furnished for your personal, noncommercial, informational purposes only, and that no mention of a particular security in this website constitutes a recommendation to buy, sell, or hold any other security, nor that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Surperformance and 4-traders.com services will not advise you personally concerning the nature, potential, value or suitability of any particular security, portfolio of securities, transaction, investment strategy or other matter. Information regarding trading and investment as provided by Surperformance professional is not tailored to the investment needs of any specific person. You acknowledge that you are responsible for your own financial decisions and should seek a registered financial agent depending on your own risk tolerance to advise you on your personal trading activities.

Advertisement
Dynamic quotes  
ON
| OFF