The Gravy Train Continues In The Dow Jones

Dow Jones Futures--- The Dow Jones in the September contract settled last Friday in Chicago at 21,207 while currently trading at 21,323 hitting another all-time high as I was originally recommending a bullish position in the June contract at 21,000 and if you took the trade now place the stop in the September contract at the 10 day low of 21,064 as the chart structure will also improve early next week therefore lowering the monetary risk.

The Dow Jones continues to move higher despite the fact that the NASDAQ 100 dropped 80 points this week right at a 4 week low as rotation out of the NASDAQ & into the Dow continues as this market remains bullish in my opinion as who knows how high prices can actually go.

The Dow Jones is trading far above its 20 and 100 day moving average telling you that the short-term trend is higher as low interest rates in the United States continue to prop prices higher with possible growth coming back for the 1st time in nearly a decade coupled with the fact of massive stimulus plans possibly taking effect later this year continuing to support prices to the upside so stay long as this trend clearly gets stronger on a weekly basis.TREND: HIGHER –CHART STRUCTURE: IMPROVING

If you are looking to contact Michael Seery (CTA—COMMODITY TRADING ADVISOR) at 1-312-224-8140 I will be more than happy to help you with your trading or visit www.seeryfutures.com

Skype Address: mseery TWITTER---@seeryfutures

FREE TRIAL FOR THE LIMIT UP COMMODITY NEWSLETTER

Email: mseery@seeryfutures.com

If you’re looking to open a Trading Account click on this link www.admis.com

Minimum account size $100,000

There is a substantial risk of loss in futures and futures options. Furthermore, Seery Futures is not responsible for the accuracy of the information contained on linked sites. Trading futures and options is Not appropriate for every investor.