Dow Jones 30 and NASDAQ 100 Price Forecast January 18, 2018, Technical Analysis

Dow Jones 30

The Dow Jones 30 drifted higher during the day on Wednesday, pulled back to reach towards the 25,900 level, and then bounced rather significantly. I think that the market eventually will go above the 26,000 level, sending the market much higher. Every time we pull back, the algorithms come back into this market and start buying. Ultimately, I believe that the Dow Jones 30 continues to be a market that attracts a lot of attention. It has become clear to me that buying is the only thing you can do, unless of course you are willing to sell puts, if you have the ability to trade the true options markets.

Dow Jones 30 and NASDAQ Index Video 18.01.18

NASDAQ 100

The NASDAQ 100 drifted higher as well, pulled back to the 6450 region, and then bounced again. I believe that ultimately the market goes looking for the 6835 handle again, and beyond. The NASDAQ 100 should continue to be a market that rallies, but ultimately the market continues to be one that lags the other indices in America, but I believe that we will find plenty of reason to go higher over the longer term. I truly prefer the S&P 500, but recognize that if you choose to be a NASDAQ 100 trader, this only one thing you can do there as well, start buying. In fact, I don’t have a scenario in which I sell US stocks until the S&P 500 breaks down below the 2700 level. The market continues to be noisy, yet positive.