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Friday, August 7, 2009

Dow Jones Analysis 8/10/09 Stock Market Analysis

Dow Jones Chart - The following is Technical Analysis for the Dow Jones ( DJIA ) for 8/10/09

Dow Jones Industrial Average ($DJI) Support & Resistance Levels - August 10, 2009

Resistance Levels: 9500

Support Levels: 9183, 9040, 9000, 8600



The Dow Jones surged on a better then expected jobs report on Friday. I will be watching how the Dow acts at 9500 as that is a resistance level of interest. Pullbacks near the 10 day moving average have been a great buying opportunity.

Look for a pullback to begin when the Dow Jones closes below the 10 day moving average which hasn't happened in a month.
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