Dow Jones in 10 Years – 100K or 10K?

Today we will be covering...

• Market Summary

• Technical Analysis – Candlesticks

• Message from our cross-promotion partner:

• Sentiment

• Let Us Know Why You Like BraVoCycles

• SPX Analysis

• NDX Analysis

• DJI Analysis

• VXX Update

• Commodities – Gold and Silver

• Crypto – Bitcoin

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Market Summary

There is not much new to add to what I said yesterday. Instead of a pop up on a micro scale that I expect, indexes continued consolidation of big Thursday’s gain, but one more pop higher is still preferred.

I expect a correction in the next couple of months. Raising cash on the rips is not a bad idea in such situations.

Market data as of 4 pm EST on Monday

Technical Analysis – Candlesticks

I do not have anything short-term on the technical side. But I find the chart below illuminating. Gaps get filled!

BTW, follow me on X (former Twitter), I often post interesting and/or timely charts there in between newsletter sends.

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Sentiment

I shared a chart of what happened in the past when the top 10% of companies represented about 75% of total market capitalization, which is also the case now.

Below is another view: the median P/E ratio of the top 10 compared to the rest of the S&P500.

A bullish prediction for Dow Jones to 100k in 10 years has surfaced recently. Such bullish predictions usually appear at or about market tops.

Investor lays out case for Dow 100,000 within a decade as artificial-intelligence boom transforms U.S. stock market

How about Dow Jones at 10k in 10 years? I will explore where the market will be in 10 years in a new eBook in several weeks.

eBook: 3-Year US Stock Market Outlook

The stock market will exhibit significant volatility this year, IMO. To prepare for market swings down and up in the next couple of years, read our eBook about the stock market outlook for 2024-2026. To get it for FREE, share the link below with your friends, family and on social media and if 2 friends subscribe to BraVoCycles Newsletter using your link, as confirmed by Beehiiv, you get our 3-Year US Stock Market Outlook eBook FREE! We’re excited to share more of our content with your friends and family and the cutting edge technical analysis in our eBook with you.

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