Dow Jones Industrial Average forecast for the week of September 10, 2012, Technical Analysis

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The last five sessions have been very kind to the Dow Jones average. Simply put, the 13,000 level has offered magnificent support, as it has for a few weeks now. As for trading this market now, if we can break above the highs put in place over the last month, we do more than willing to start adding to long positions in construction and economic output-based type companies.

Dow Jones futures can be used as well. Either way, you should see a higher beta play with companies such as Caterpillar, US Steel, and Alcoa. Higher dividend paying stocks will also get a boost as the Federal Reserve is looking to ease its monetary policy. This will force investors back into the stock market and into dividend paying stocks as yields for bonds are disappearing. Because of this, we firmly believe that the Dow Jones will be higher.

Dow Jones Industrial Average forecast for the week of September 10, 2012, Technical Analysis

Dow Jones Industrial Average forecast for the week of September 10, 2012, Technical Analysis

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About:FX Empire Analyst - Christopher Lewis

Christopher is a part of the FXEmpire.com analysis team. He writes Forex and Commodities technical analyses on daily and weekly basis. Christopher writes his analyses in a professional and yet simple to understand manner. His analyses are available in both text and videos.

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