Hot Stock Alerts

Potential Breakout Stocks of the Day:
Top Stocks 2021 - TSLA BYND GBTC
Top Penny Stocks 2021 - GBTC

Stock Market Closing Report - 12/8/20 December 8, 2020

Monday, August 3, 2009

Dow Jones Analysis 8/4/09 Stock Market Analysis

Dow Jones Chart - The following is Technical Analysis for the Dow Jones ( DJIA ) for 8/4/09

Dow Jones Industrial Average ($DJI) Support & Resistance Levels - August 4, 2009

Resistance Levels: 9284, 9299, 9500

Support Levels: 9040, 9000, 8600



The Dow Jones had another great day as it continues to close above the 10 day moving average. When this changes, I am expecting a nice pullback as investors take profit. Support continues to be 9000 with resistance at today's high of 9299 as well as 9500. The Dow Jones remains overbought but can stay overbought for awhile! What we are seeing right now is the total opposite of what we saw back in March. In March we saw panic selling, now we are seeing panic buying as fund managers must be in this market!! Watch the 10 day moving average.....it usually doesn't lie and gives you tips. For More Technical Analysis - Go Here


For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Copyright © 2008-2020 - daytradingstockblog.blogspot.com

Stocks to Buy 2020 - Click Here