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Tuesday, August 4, 2009

Dow Jones Analysis 8/5/09 Stock Market Analysis

Dow Jones Chart - The following is Technical Analysis for the Dow Jones ( DJIA ) for 8/5/09

Dow Jones Industrial Average ($DJI) Support & Resistance Levels - August 5, 2009

Resistance Levels: 9500

Support Levels: 9125, 9040, 9000, 8600



The Dow Jones continues to surge higher but is starting to come up on some key resistance levels....9500 and 9654. I am bullish until the Dow closes below the 10 day moving average which I will then turn neutral until the 50 day moving average is retested. 9000 is also a solid support level but not as solid as the moving averages. For More Technical Analysis - Go Here


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