Dow Jones Analysis 3/30/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 3/30/09

Dow Jones Support & Resistance Levels - March 30, 2009

Resistance Levels: 8000, 8250

Support Levels: 7597, 7500

http://stockcharts.com/ - Chart

Stock Market Futures

The Dow Jones failed at 8000 for the second straight day. This is a major resistance level. We ended at 7776 so we are now 180 above the 50 day moving average which is support. These are you two points to trade off of. A break above 8000 will be bullish for stocks, a break below the 50 day will be bearish for stocks. Keep an eye on Citigroup as Citi closed below both 10 & 50 day moving averages today. This could be the first sign of things to come as Citi started this massive rally! For More Technical Analysis - Go Here

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Dow Jones Analysis 3/27/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 3/27/09

Dow Jones Support & Resistance Levels - March 27, 2009

Resistance Levels: 8000, 8250

Support Levels: 7752, 7602, 7500

http://stockcharts.com/ - Chart

Stock Market Futures

The Dow Jones continues to rally and is about the test the key resistance level of 8000. This area will be the first Major test of the Dow Jones. A close above 8000 would bring in additional buying and allow you to move your stop loss order up. The 10 day moving average is ready to cross up though the 50 day moving average, a technical signal that is very bullish. On the downside, I will trade from the short side on a close below the 50 day moving average. The downtrend line is still far away so I'm not ready to call a bottom quite yet like I did for the Nasdaq today. For More Technical Analysis - Go Here

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