US stock markets continue to show strength

Dow Jones 30

The Dow Jones 30 rallied significantly during the trading session on Monday, as traders came back with a vengeance on Monday. I believe that the market should continue to go higher over the longer-term, I think reaching towards the 25,000 level above. I think that short-term pullbacks should be buying opportunities, especially near the 24,700 level. I think that overall, we should continue to see plenty of buyers, especially if we can avoid anything along the lines of a trade war or any such situation. I think that the Dow Jones 30 will continue to benefit from good earnings, and of course if the US dollar can soften a bit, that could also give us an opportunity to go higher.

NASDAQ 100

The NASDAQ 100 has exploded to the upside, making a fresh, new high as we continue to see it outperform many of the other stock indices that we follow. I think that short-term pullbacks continue to be buying opportunities, and I believe that the market will ultimately find reasons to go higher based upon a lack of a trade war, or perhaps geopolitical concerns. If we can stay out of that type of noise, it’s likely that the NASDAQ 100 will be one of the biggest gainers in the short term. I have no interest in shorting and believe that the 7000 handle is now the “floor” of the market. I believe that we will go looking towards the 7250 level over the next several sessions, and I am willing to add every time we make a fresh, new high in small incremental amounts.

Dow Jones 30 and NASDAQ Index Video 05.06.18