Moses US Stock Analysis
Dow 20,000
Until yesterday, Dow is still on the rise. Will Dow hit 20,000 points? Wall Street says yes. This was the headline for CNBC News sometime ago, read story, Dow hitting 20,000 soon? Wall Street says it will happen for more.
Interest Rates
No room now, this week the Federal Reserve meets will raise interest rates. Read story from New York Times, Why the Fed Is About to Raise Interest Rates for more.
In short-term there is exception, however long-term wise the change may not last.
Higher rates will also push up borrowing costs for households and companies.
^DJI | Dow Jones Industrial Average Index 2015-2016
Reference to 2015 and 2016 like a candle, you will find 2016 is more strength, lower and higher. From the chart, you can see 2015 s slopping down, and 2016 is slopping up.
Can you buy high an sell higher in 2017? Will see.
Or to look for opportunity to sell reversal.
Remember, in trading no right, no wrong, but just make money.
Moses Free Stock Analysis
AmiBrokerAcademy.com
December 13, 2016
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