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Following my last piece on ADVFN, here we are, above the most important DJIA 17,400 by a distance which looks quiet safe so far. My call has been and is … If we stay above the 17,400 Dow in the coming week, we can certainly expect the remainder of the year to be a BULL MARKET , with all major world indexes including FTSE making it higher and higher as we go through the year. With commodity prices and oil rising, it looks that the Central Bankers are going to give us Dow 19,000 and even the 20,000 which I have been singing about since 2014. There are some very attractive stocks out there BLT for example, delicious as they come, could see a 20% t0 30% rise in the coming year in this stock. Tesco (TSCO) could easily pass £2.00 now to £2.20 … It’s beautiful out there with opportunity … and it all depends on this very week. If we can stay above 17,400 then it is like shooting fish in a barrel , buy undervalued stocks and sit and wait and pick the fruits by the end of the year. I will be going in long with my full arsenal if The Week stays above 17,400. In my analysis this will be what indicated where the rest of the major stock markets will move and decide the trend for 2016.
Caution is still king … If we go back down to below 17,400 DJIA we could see the markets coming off very severly indeed.. So, it might be best to tap fingers and watch the coming week before taking any medium term positions. Just to clarify my position, I do not day trade, I buy or sell for the medium to long term. Day trading is the surest way to losing all of your money … even when you get it right!
Good luck
Andre Minassian
www.clevergamesuk.com
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Fantastic call so far Andre,you could get your long awaited DJIA 20k.I’m a great fan of yours, please do keep up the great work. Please post more often if you could.
David
Incredible foresight Sir, did not think we would go higher from Dow 17,000 but you said you think the markets will rise from there and not to short. Please do post more often as the previous person has rightly said. respect !
Jonathan
Dear Andre,
Your quote : Day trading is the surest way to losing all of your money … even when you get it right!
Could not have put it more exquisitely myself.
Great fan, more posts please.
J