Why the Dow Jones Will Continue to Rise?
James | Mar 29, 2010 | Comments 26
When is the Dow Jones going to Peak? I believe it won’t be anytime soon. Back on October 31st, I wrote an article The Dow Hits 10,000: Technocals Show the
Earnings Rally will Continue. Since then we have seen the markets soar around 900 points. I am now hear saying that we will continue to see the indexes rise. Why do I believe this?
1. Earnings will continue to be strong as more and more companies find a way to succeed despite the hostile economic climate.
2. Emerging Markets will soar due to strong currencies and increased exports/commodity use
3. Banks will rally leading a surge in the whole market.
Adding to this technicals show that we are currently trading in a bullish market as the 50 day moving average is trading well above the 200 day moving average platform. I believe we can continue to fuel this rally. The sectors that I like the best are: Oil, Engineering/Infrastructure, Banks, Emerging Markets, and Retail.
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