Dow Jones Analysis 3/16/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 3/16/09

Dow Jones Support & Resistance Levels - March 16, 2009 - DJI

Resistance Levels: 7449, 7500, 7824, 8000

Support Levels: 7000, 6822, 6500, 6310, 6000

http://stockcharts.com/ - Chart

Stock Market Futures

The Dow Jones has gone up 4 straight days which hasn't happened since the end of November. The Dow will have some resistance at the previous low of 7449 and also 7500. If the Dow Jones can close above these levels, I think it could retest 8000 where the major resistance is.
Dow 7000 now acts as a nice support level, a close below this and we will retest the lows once again. Pullbacks to the 10 day moving average will be a good area to buy as well. The stock market will face a lot of economic data and events ( Fed Meeting, TALF, Market to Market, ect ) next week so it could get very intersting! For More Technical Analysis - Go Here

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Dow Jones Analysis 3/13/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 3/13/09

Dow Jones Support & Resistance Levels - March 13, 2009 - DJI

Resistance Levels: 7449, 7500, 7552, 7853

Support Levels: 7000, 6822, 6500, 6310, 6000

http://stockcharts.com/ - Chart

Stock Market Futures

The Dow Jones had another great day and continues to break out after closing above the 10 day moving average on Monday. The next resistance level I am looking at is 7449 which is the previous 52 week low before the 6469.95 low was made. A close over this level would be huge and would take the Dow back to the 50 day moving average of 7853. The Dow Jones now has support at the 7000 level and the 10 day moving average at 6822. For More Technical Analysis - Go Here

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Dow Jones Analysis 3/12/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 3/12/09

Dow Jones Support & Resistance Levels - March 12, 2009 - DJI

Resistance Levels: 7000, 7449, 7500, 7552

Support Levels: 6840, 6500, 6310, 6000

http://stockcharts.com/ - Chart

Stock Market Futures

The Dow Jones went up two straight days and ended over its 10 day moving average once again. This is very bullish going forward but I still expect us to retest the lows again at some point. I feel this rally could extend up to the 7400-7500 level in the next several weeks. At this point, the 10 day moving average will act as a nice support level but if we close below it two consecutive days, we may have problems. For More Technical Analysis - Go Here

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Dow Jones Analysis 3/11/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 3/11/09

Dow Jones Support & Resistance Levels - March 11, 2009 - DJI

Resistance Levels: 7000, 7449, 7500, 7552

Support Levels: 6840, 6500, 6310, 6000

http://stockcharts.com/ - Chart

Stock Market Futures

The Dow Jones closed over the 10 day moving average today which is a bullish signal. Like the Nasdaq, I expect it to trade above and below this level over the next several days but keep eye in the close. I will become even more bullish if the Dow gets back over 7000. It is to early to tell if this is a stock market bottom but even if it was, we will retest 6500 several times. All true bottoms are retested. The volume was very strong today which was another positive sign. For More Technical Analysis - Go Here

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Dow Jones Analysis 3/10/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 3/10/09

Dow Jones Support & Resistance Levels - March 10, 2009 - DJI

Resistance Levels: 6750, 6900, 7000, 7449, 7500, 7552

Support Levels: 6500, 6310, 6000

http://stockcharts.com/ - Chart

Stock Market Futures

The Dow Jones bounced off of 6500 today and failed to make a new 52 week low but was still down 80 points. Support at 6500 has been solid over the past 3 days but if we start going toward the low 6400's I think we will retest the 6310 level. A break below that level and 6000 will most likely be tested. Keep an eye on the 10 day moving average, once we get a close over this level I think we will see a nice recovery...as long as we stay below it, the stock market is vulnerable! For More Technical Analysis - Go Here

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