DJ:DJI   Промышленный индекс Доу — Джонса
Earnings season will push Dow into 25k territory where it will fail to hold and plummet to a support zone that has been tested twice already. The idea is that after earnings season, rate hikes and macro volatility will be in focus resulting in investors cashing out of the market, fleeing into cash/gold. This will drive the USD up while crumbling equities. After the parabolic move up last year, the market is due for a pullback before it can make gains higher. Already we are noticing sentiment shift with increased hesitancy in regards to Q2+ for companies that have already reported. $GS for example reported today and smashed expectations and the stock still sold off due to concerns regards to future profitability. IBM also got destroyed and GE has been dragging down the Dow for a while. If the tech sector begins to unwind, we may see bearish sentiment about Apple, Intel and Microsoft within the Dow and there is already concerns about the first 2 now that Apple is moving to in house production of processors. Furthermore, if you go look at a daily chart of $CAT, it mirrors the Dow and looks as if it is ripe for a pullback. If infrastructure projects lag, housing starts reduce and there is reduction in construction due to sentiment shifts, CAT would be another stock to bring the Dow down. The Dow may stay in a range for the remainder of April, entertaining moves higher and lower, but I firmly believe it will not be able to hold 25k.
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