Dow Jones Open 1/14/09 - Stock Market Report

Today, January 14, 2009 - The Dow Jones and Stock Market are opening significantly lower. This technical breakdown started days ago when Citigroup ( C ) stock started to break support levels and the Dow Jones broke 8500. The next key support level for the DJIA would be at the 8130-8150 level. This area has been a spring board over the past two months and i'd expect us to bounce if we get to this level as buyers step in. With the Dow trading at 8262, we are soon there.

The Nasdaq is also testing key support of 1500...if this level breaks, look for 1450 as the next support area.

Stock Market Opening Prices - 1/14/09 - 10:00am EST

Dow Jones Open - Down 175
Nasdaq Open - Down 34
S&P 500 Open - Down 22

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