Thursday, March 17, 2016

Dow Jones Moves Up In Flourish - Is It Time To Buy?

With US markets going great guns in today's trade, one can clearly assumes that markets have liked the dovish tone of Janet Yellen. I thought that yesterday's euphoria was due to Fed's indication of two rate hikes in 2016 instead of earlier Fed view of four hikes. Today's trade clearly indicates that it is more than just one day's celebrations. There is substance in this bull run.

So the question arises whether one should enter trade or not. My answer is simple. Buy every dip. Moment you see Dow easing by 100 points, buy your selected stocks. This buying should be continue right up to 17100 in Dow Jones.

In other words you start your buying as and when you see a drop of 100 points in Dow and keep up this buying spree till level of 17100 in Dow.

I am recommending this because Dow is likely to touch 17800 with minor corrections. Trade patiently, trade safe !!!

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