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Tuesday, May 7, 2013

Stock Market Analysis 5/8/13 May 8, 2013 - Dow Jones Analysis

Stock Market 5/8/13 May 8, 2013 - Dow Jones Analysis

Dow Jones Resistance Levels - 15,200
Dow Jones Support Levels - 14,941

The Dow Jones and Stock Market have been on fire recently thanks to better economic data and the break out in the Nikkei.  While the Dow is above 15,000 right now, I don't see any major resistance until around 15,200.  On the downside, you might want to start taking profits in stocks if the Dow Jones closes below 14,941.  This is a major support level that must hold.  If 14,941 is broken, check back here because I will be doing additional stock market technical analysis.

See Also - Top Stocks for 2014 - Top Penny Stocks 2014 - Penny Stock Gainers 2013