We’ve looked at the Dow today following Friday nights strong performance by the value end of town, this more parochial index is still trading close to its mid-May levels but after last week’s breakout to new all-time highs our ~36,000 target is now only 2-3% away and feels like just a matter of time. Subscribers should remember that the ASX is more corelated to the Dow than the likes of the S&P500 and NASDAQ due to our markets large weighting towards the banks and resources hence the bears are likely to endure a tough August.
MM’s is still targeting the 36,000 area for the Dow
Add To Hit List
