Dow Jones Close 7/7/09 - Stock Market Closing Prices

Stock Market Closing Prices - 7/7/09

Dow Jones Industrial Average ( DJIA ) Close - 8163.60 Down 161.27
Nasdaq Stock Market Close - 1746.17 Down 41.23
S&P 500 Close - 881.03 Down 17.69
http://dowjonesclose.com

Libor Rates - 7/7/09 - Mortgage Rates

Commodities Closing Prices - 7/7/09

Gold - 923.40
Oil - 62.41
Natural Gas - 3.39

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The Dow Jones Industrial Average closed at 8164 on 7/7/09, as the stock market fell on fears that the recovery will not happen and the fact that a 2nd stimulus package is in the making. The Dow Jones Futures started the day higher but toward the end of pre market turned into the red. After the open, it was all downhill from there. The Dow Jones broke 8200 for the first time since May 2009 and has officially formed a head and shoulders pattern on the chart, a set up that is bearish for the short term. Support now turns to 8000 which must hold or the panic selling will start to come back. Many traders are also watching 875 on the S&P 500 average. A close below 875 could spark a sell off to the 810-825 area. I have now turned bearish for now until I see signs that this sell off is over or when we close back over 8250. When I turn bearish I am usually cautious on trading from the long side and will look to go short the stock market. Be careful out there! Check out some of the events I will be watching for Wednesday.

Also, Check out my stocks to watch report for Wednesday. I will also have technical analysis of the stock market tonight - Right Here

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