Hot Stock Alerts

Potential Breakout Stocks of the Day:
Today's Biggest Gainers - Hot Stocks - GBTC
Top Stocks 2020 - TNA GBTC
Top Penny Stocks 2020 - AVP
Top Marijuana Stocks - GWPH

Stock Market Closing Report - 9/20/19 September 20, 2019

Sunday, January 25, 2009

Dow Jones Analysis 1/26/09 - Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 1/25/09, 1/26/09

Dow Jones Support & Resistance Levels - January 26, 2009

Resistance Levels: 8152, 8200, 8350, 8500, 8765
Support Levels: 8000, 7965, 7774


The Dow Jones continued its downtrend on Friday but managed to close above 8000. Something has to give here soon as we keep going under 8000 and then bouncing but if we keep doing this next week we are bound to really break down. As soon as the bounce doesn't happen, those who bought under 8000 for the bounce will sell adding more pressure. On the bright side, I feel if we break up through Thursday's high of around 8200 we could reverse this current downtrend. A break above 8350 and it will be confirmed. The chart and the news flow is ugly, but a close above 8500 will have traders feeling good about the market again!

Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index

For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Copyright © 2008-2019 - daytradingstockblog.blogspot.com

Top Stock Picks 2020 - Stocks to Watch 2020