Wednesday, March 23, 2016

Remember to Buy US Markets Today- Pick the Dip

Be ready to buy in US markets today. I have already maintained in my last post  that you need to start buying as and when Dow Jones corrects by 100 points. Today seems to be the day when you will get the chance to enter US markets.

Keep buying all dips till Dow reaches 17100. From whatever point Dow reverses this slide, you will get to profit from the move. Most likely point of reversal is 17350 in Dow Jones.

So far the Belgium terror attack has had no serious effect on global markets, US being no different. But that can change with a few statements here and there from people who matter.

Moreover, oil is again sliding down. There are also home sales data which is worrisome. And most of all it is the sentiment of traders which has been dented by global events. There will be traders who would like to book partial profits with dip in sentiment as an excuse.

Whatever be the reason, make sure to start buying the dips in US markets as outlined above. Best of luck!

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