Dow Jones possible run for the rest of the year!
Whilst I would not concur with the exact layout this graph is showing and I would not go along with the end of year high I will agree with the Dow ending higher than it is now and to put an exact figure I would say 11 650 area would be my choice !
so if you are in the spread betting business I would wait first to see how far of a retracement we are going to have I would say around the 9850 would be my guess .
My personal stock pick is still City
A screaming buy anywhere around the 3.50$ for the long term 12 months or more I would anticipate a price of 5-7.5$
But I am not sure that you will be able to get the stock at 3.50 as it is in the process of building its next push up to the 5.50 area.
Still I will be accumulating it anywhere below 3.80 $
- PS. This is not an invitation to trade the markets or trade stocks; this is a personal declaration on my own trading activities.
If you are interested in trading the markets you should at least get some professional training first.