Dow Jones Close 1/26/10 - Stock Market Closing Prices

Stock Market Closing Prices - 1/26/10

Dow Jones Industrial Average ( DJIA ) Close - 10194.29 Down 2.57
Nasdaq Stock Market Close - 2203.73 Down 7.07
S&P 500 Close - 1092.17 Down 4.61
http://dowjonesclose.com

Libor Rates - 1/26/10 - Mortgage Rates

Commodities Closing Prices - 1/26/10

Gold Close - 1097.30
Oil Close - 74.61
Natural Gas Close - 5.46
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The Dow Jones Industrial Average closed at 10194 on 1/26/10, as the stock market rallied for the second straight day but fell apart and turned red going into the close. This action is typical in a stock market that really wants to go lower. The Dow Jones continues to hover around support which is located at 10,200. A break away from this level with heavy volume could trigger a new leg down in the stock market. The next major support level for the Dow Jones is located at 10,000. The S&P 500 has major support between 1080-1085.

Elliot Wave Theorist Robert Prechter was on CNBC this afternoon predicting this is the last chance to sell the Dow Jones above 10,000 for awhile. He predicts that Gold will fall 40% from It's peak and the stock market to bottom a few years from now.

The financials continue to be weak and drag the stock market lower. GS is testing $150 and C is testing major support between $3.13-$3.15. If Citi closes below $3.13, it could get real ugly.

Check out some events I will be watching for Wednesday. Also, take a look at my stocks to watch report for tomorrow.

I will have technical analysis of the stock market - Right Here

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