The Dow Jones has been one of the best performing global indices as of late. Traders are of the view that it is the right time to buy into the top performing index, as it has been able to outperform its peers. The reality is that there has been a lot of confidence when it has come to U.S. indexes and stocks in the past few weeks of trading. This has enabled the Dow Jones to go from strength to strength.
There have been a number of factors backing both the Dow Jones and other U.S. indexes at the moment. Traders feel that the U.S. index has a lot of strength, especially as the rally has been so prolonged. One of the biggest factors driving the Dow higher has been the forecast of more stimulus for the U.S. economy. This is as U.S. economic data has been very weak in the past few trading days. This was not the case a week ago.
Another important factor pushing up the Dow these days is technical. The technical side of the equation shows that the Dow still has much upward pressure, which is why traders have been so confident in the index as of late.
Stock traders are now wondering if the Dow Jones will be able to continue its bullish performance. This depends on a lot of factors. Firstly, the more positive economic data, the better. In addition, investors are hoping that the greenback will dive before buying into the index yet again