US stock markets grind sideways on Friday in quiet trading

Dow Jones 30

The Dow Jones 30 went sideways during the trading session on Friday, showing signs of life near the 24,250 level. This is a market that I think continues to show volatility in choppiness, but eventually will show bullish pressure as the market favors the overall upside as the interest rates in the United States start to drop again. Because of this, I think that stock markets will continue to gain, and I look at short-term pullbacks as buying opportunities. In fact, I don’t have any interest in shorting this market, I think it has far too much in the way of bullish pressure underneath and earnings season has done quite well so far.

NASDAQ 100

The NASDAQ 100 has been very noisy during the trading session on Friday, breaking through the 6700 level, and losing over 1%. However, the market has shown enough support at the 6600 level to hang tight. I think that we will eventually rally from here, based upon value and of course the interest rates dropping in the United States, providing relief for stocks in general. The uptrend line underneath should continue to support this market, and I think that is the most important level to pay attention to right now. I believe that it’s only a matter of time before value hunters come in and start pushing to the upside, so I believe that we will find plenty of reasons and opportunities to go long. I believe in building my position up over the longer term and holding onto a core position as I still have a target of 7000.

Dow Jones 30 and NASDAQ Index Video 30.04.18