Where are major indices heading to ?

US stock market had to face many challenges like North Korea, delay in tax reform, far right debate , Russian probe and ever confusing twitter happy President......

BUT..... its 9 months later and everyone has evaluated all of the above issues....and nobody is too worried about any of the above.....

Conclusion is, that sooner or later everything will fall in place.....

Even Wall Street have discounted all the confusion which exists in all steps.......

In the end, it is concluded that, it is a pro business / pro growth environment......

Most indices are in new high territory..... a solid statement of fact......

Now that 9 months are over....a new President is very much understood by all player...not everything is to be taken seriously or is factual..... a departure from past or history....

SO...after all that is said and done, where do we go from here in markets......

What is lost in all confusing translation....that wall street is looking ahead 6 months.....it likes what it sees.......

By 1st Q of 2018......most of the above mentioned issues are in rear view........

In the same time frame of next 6 months, we could easily be UP minimum 8% to 10%++++

Here is what i think where major indices are headed :

DOW UP 8%

S&P 500 UP 8%

Nasdaq UP 10.11%

Dow @ 24049

S&P 500 @ 2700

Nasdaq @ 7100

Based on the above anticipated moves.....it is important to show conviction and patience.

Indices do go through hiccups every so often, by dipping quick 3% from high to low....part of trading pattern of high speed computers in use by hedge funds.....

Which stocks will benefit in this environment....all stocks which have made new all time highs or about to make new highs.......

Most technology, Chinese growth stocks and financials are the key sectors, which will drive next 8% to 10% move ......

Thinking long term is a very good investment strategy.

Good luck with your own ideas and comfort level.

BLOG does NOT give buy or sell.

Saleem