Dow Jones 30
The Dow Jones 30 Sean higher initially during the day on Thursday, but then fell significantly as the Americans came back on. However, we are starting to see a bit of support, and I think that overall, you can’t read too much into the session as we are awaiting comments from Janet Yellen in Wyoming. I think that the 21,750 level is soft support, and eventually I think that the buyers will return. Ultimately, I believe that this market is still a “buy on the dips” type of situation, and as a result I think it’s only a matter of time before the buyers start looking for value.
Dow Jones 30 and NASDAQ Index Video 25.8.17
NASDAQ 100
If there is an index that leads the rest of the American indices, it’s the NASDAQ 100. I look at this market as sitting on top of support, I think we will probably bounce. Facebook, Amazon, Apple, Netflix, and Google will continue to drive the NASDAQ 100 overall, so pay attention to those stocks as the are a huge part of the NASDAQ 100. Ultimately, I do think that the buyers will come back looking for value, especially Janet Yellen tends to be a little bit more dovish during her speech today, which I anticipate she probably will be.
