Market Watch – ASX Top 200, Dow Jones, and Economics 101 – Jan 2010

By Dave McLachlan

Click below for the latest Video Market Watch (if you can’t see the video, click the link above).

UPDATE:

We are heading towards a large resistance level at 5000 on the XJO. I would consider the market bearish if it closes below 4600 – until then, I consider it to still be a bull market, and am still buying stocks and riding my long positions (meaning one makes money when the market rises). We are currently in what I consider the last stage of this current bull run up – this is because resource stocks are booming and they tend to be the “last stage in the cycle”.

Of course, none of these are personal recommendations, so please do your own due diligence. A good place to start is the free trading and investment course. It is well worth the time you will spend on it.