Dow Jones Analysis 8/12/09 Stock Market Analysis

Dow Jones Chart - The following is Technical Analysis for the Dow Jones ( DJIA ) for 8/12/09

Dow Jones Industrial Average ($DJI) Support & Resistance Levels - August 12, 2009

Resistance Levels: 9249, 9438, 9500

Support Levels: 9040, 9000, 8600

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Stock Market Futures

The Dow Jones closed below the 10 day moving average today on the eve of the Fed Meeting tomorrow. I am now being cautious with taking any risky trading positions and I will be setting tighter stop orders. Today's close was a trend change and while the 10 day has been violated, I need to wait until after the Fed meeting to get a sense of the next direction. 9000 is a solid support level so the downside could be limited to another 240 points or so. A close back above the 10 day moving average would be bullish. Stay tuned but keep in mind what happened today.

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Dow Jones Analysis 8/11/09 Stock Market Analysis

Dow Jones Chart - The following is Technical Analysis for the Dow Jones ( DJIA ) for 8/11/09

Dow Jones Industrial Average ($DJI) Support & Resistance Levels - August 11, 2009

Resistance Levels: 9438, 9500

Support Levels: 9230, 9040, 9000, 8600

http://stockcharts.com/ - Chart

Stock Market Futures

The Dow Jones had a mini pullback Monday but has been very strong at or near the 10 day moving average since this latest run started in July. I am still watching for a close below the 10 day moving average for a sign of weakness and to become more cautious with my trading right now. I feel we will retest the 50 day moving average in the coming months which will provide a great buying opportunity. The only question is at what level will the 50 day be tested. Resistance - 9438. For More Technical Analysis - Go Here

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Dow Jones Analysis 8/10/09 Stock Market Analysis

Dow Jones Chart - The following is Technical Analysis for the Dow Jones ( DJIA ) for 8/10/09

Dow Jones Industrial Average ($DJI) Support & Resistance Levels - August 10, 2009

Resistance Levels: 9500

Support Levels: 9183, 9040, 9000, 8600

http://stockcharts.com/ - Chart

Stock Market Futures

The Dow Jones surged on a better then expected jobs report on Friday. I will be watching how the Dow acts at 9500 as that is a resistance level of interest. Pullbacks near the 10 day moving average have been a great buying opportunity.

Look for a pullback to begin when the Dow Jones closes below the 10 day moving average which hasn't happened in a month.

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Dow Jones Analysis 8/7/09 Stock Market Analysis

Dow Jones Chart - The following is Technical Analysis for the Dow Jones ( DJIA ) for 8/7/09

Dow Jones Industrial Average ($DJI) Support & Resistance Levels - August 7, 2009

Resistance Levels: 9500

Support Levels: 9183, 9040, 9000, 8600

http://stockcharts.com/ - Chart

Stock Market Futures

I continue to watch the Dow Jones and the 10 day moving average. The Dow Jones hasn't closed below the 10 day moving average since closing back over it on July 13th. A close below this level would make me cautious I would be expecting a correction to come in the stock market. 9200 is a solid support level as well as 9000....after that, you have the 50 day moving average at 8680 which would be a strong buy. This 10 day moving average indicator has not always worked but I find it right 75% of the time. On the upside, the next major resistance level is located at 9500.

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Dow Jones Analysis 8/6/09 Stock Market Analysis

Dow Jones Chart - The following is Technical Analysis for the Dow Jones ( DJIA ) for 8/6/09

Dow Jones Industrial Average ($DJI) Support & Resistance Levels - August 6, 2009

Resistance Levels: 9500

Support Levels: 9168, 9040, 9000, 8600

http://stockcharts.com/ - Chart

Stock Market Futures

The Dow Jones came within 40 points of the 10 day moving average before bouncing. As long as we remain over this level, we can shoot higher at any moment. One of these days we will close below the 10 day moving average and retest the 50 day which would be very healthy and a great buying opportunity. The next major resistance is currently up at 9500 followed by near 9800. Keep an eye on the 10 day moving average! For More Technical Analysis - Go Here

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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

http://stockcharts.com/ - Chart

Stock Market Futures

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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Dow Jones Analysis 8/4/09 Stock Market Analysis

Dow Jones Chart - The following is Technical Analysis for the Dow Jones ( DJIA ) for 8/4/09

Dow Jones Industrial Average ($DJI) Support & Resistance Levels - August 4, 2009

Resistance Levels: 9284, 9299, 9500

Support Levels: 9040, 9000, 8600

http://stockcharts.com/ - Chart

Stock Market Futures

The Dow Jones had another great day as it continues to close above the 10 day moving average. When this changes, I am expecting a nice pullback as investors take profit. Support continues to be 9000 with resistance at today's high of 9299 as well as 9500. The Dow Jones remains overbought but can stay overbought for awhile! What we are seeing right now is the total opposite of what we saw back in March. In March we saw panic selling, now we are seeing panic buying as fund managers must be in this market!! Watch the 10 day moving average.....it usually doesn't lie and gives you tips. For More Technical Analysis - Go Here

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Dow Jones Analysis 8/3/09 Stock Market Analysis

Dow Jones Chart - The following is Technical Analysis for the Dow Jones ( DJIA ) for 8/3/09

Dow Jones Industrial Average ($DJI) Support & Resistance Levels - August 3, 2009

Resistance Levels: 9246, 9284, 9500

Support Levels: 9040, 9000, 8600

http://stockcharts.com/ - Chart

Stock Market Futures

The Dow Jones continues to bounce every time it gets near the 10 day moving average. I have been buying pullbacks to this level until we actually close below it, then I would actually want to go short. Resistance is located at 9246 & 9284 and then nothing major until 9500. A lot of people are saying that September and October will be rough so we might start seeing some selling pressure by the end of August. For More Technical Analysis - Go Here

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Dow Jones Analysis 7/31/09 Stock Market Analysis

Dow Jones Chart - The following is Technical Analysis for the Dow Jones ( DJIA ) for 7/31/09

Dow Jones Industrial Average ($DJI) Support & Resistance Levels - July 31, 2009

Resistance Levels: 9125, 9284

Support Levels: 9000, 8878, 8500

http://stockcharts.com/ - Chart

Stock Market Futures

The Dow Jones broke to a fresh 2009 high today but gave back a lot of gains during the final half hour. This is something to watch closely as we go into next week. I am bullish as long as the Dow can remain over 9000. Given the huge move today, a break below 9000 at any point would be very bearish and I'd be selling out of stocks. I am looking to load up again around 8700 which is the 50 day moving average

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Dow Jones Analysis 7/30/09 Stock Market Analysis

Dow Jones Chart - The following is Technical Analysis for the Dow Jones ( DJIA ) for 7/30/09

Dow Jones Industrial Average ($DJI) Support & Resistance Levels - July 30, 2009

Resistance Levels: 9125, 9284

Support Levels: 9000, 8878, 8500

http://stockcharts.com/ - Chart

Stock Market Futures

The Dow Jones continues to close over 9000 and the 10 day moving average. I have a feeling we will break hard one way or the other sooner or later. We will either break up through 9125 and rally hard, or break down through 9000 and have a sell off. I feel we are due for a correction after the enormous run over the past 2.5 weeks. I am looking to buy aggressively at the 50 day moving average which will eventually be tested. For More Technical Analysis - Go Here

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Dow Jones Analysis 7/29/09 Stock Market Analysis

Dow Jones Chart - The following is Technical Analysis for the Dow Jones ( DJIA ) for 7/29/09

Dow Jones Industrial Average ($DJI) Support & Resistance Levels - July 29, 2009

Resistance Levels: 9284

Support Levels: 9000, 8878, 8500

http://stockcharts.com/ - Chart

Stock Market Futures

The Dow Jones had a big test at 9000 this morning which passed. 9000 continues to be a solid support level and I am bullish as long as we stay over it. I am also watching the 10 day moving average for signs of a potential correction. Located at 8908, the 10 day is really catching up to this latest move higher. If we close below the 10 day moving average, I will wait to start buying stocks after we test the 50 day average. For More Technical Analysis - Go Here

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Dow Jones Analysis 7/28/09 Stock Market Analysis

Dow Jones Chart - The following is Technical Analysis for the Dow Jones ( DJIA ) for 7/28/09

Dow Jones Industrial Average ($DJI) Support & Resistance Levels - July 28, 2009

Resistance Levels: 9284

Support Levels: 9000, 8878, 8500

http://stockcharts.com/ - Chart

Stock Market Futures

The Dow Jones continues to trend higher after successfully retesting and holding 9000 again today. I am bullish as long as the Dow holds 9000 on a closing basis. I am also watching the 10 day moving average for signs that the rally is ending. When I see a close below the 10 day moving average I will turn neutral and will not be holding any long positions. Watching 9000 and 10 day moving average right now. For More Technical Analysis - Go Here

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Dow Jones Analysis 7/27/09 Stock Market Analysis

Dow Jones Chart - The following is Technical Analysis for the Dow Jones ( DJIA ) for 7/27/09

Dow Jones Industrial Average ($DJI) Support & Resistance Levels - July 27, 2009

Resistance Levels: 9284

Support Levels: 9000, 8878, 8500

http://stockcharts.com/ - Chart

Stock Market Futures

The Dow Jones had another great day and closed over the 9088.06 high. A retest of 9000 held at 9007 and we closed near the highs which is bullish. The next level to watch is 9284.55 from October 2008. As long as we continue to close over 9000 we will be ok but as soon as we close back below 9000 the bears will come back out of the wood work. At that point, i'd be a buyer of pullbacks to the 50 day moving averge as well as the 200 day moving average. The Dow Jones is starting to become overbought but overbought conditions can last for awhile. For More Technical Analysis - Go Here

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Dow Jones Analysis 7/24/09 Stock Market Analysis

Dow Jones Chart - The following is Technical Analysis for the Dow Jones ( DJIA ) for 7/24/09

Dow Jones Industrial Average ($DJI) Support & Resistance Levels - July 24, 2009

Resistance Levels: 9000, 9088, 9097

Support Levels: 8878, 8700, 8500

http://stockcharts.com/ - Chart

Stock Market Futures

The Dow Jones hit a new 2009 high today but earnings after the bell were horrible and I expect a retest of 9000 and lower tomorrow. Pullbacks to 8878 are interesting but i'd much rather wait for a retest of the 50 and 200 day moving averages. As I have been saying, a break above 9000 would be a great selling opportunity, we got it, now I am looking for the Dow to retest these moving averages and we will go from there. Today looked like buyers were chasing the market.

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Dow Jones Breaks 9000 Today - July 23, 2009

7/23/09 - The Dow Jones Industrial Average just broke through 9000 today and seems to be hovering here with no major profit taking. Keep an eye on the next important level of 9088 which is the 2009 high. If the Dow Jones can close over this level, we could be looking at another surge in which i'd be taking profits.

Nevertheless, given where we were in March, things have improved greatly!

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Dow Jones Analysis 7/22/09 Stock Market Analysis

Dow Jones Chart - The following is Technical Analysis for the Dow Jones ( DJIA ) for 7/22/09

Dow Jones Industrial Average ($DJI) Support & Resistance Levels - July 22, 2009

Resistance Levels: 9000, 9088

Support Levels: 8600, 8500, 8331, 8250

http://stockcharts.com/ - Chart

Stock Market Futures

The Dow Jones ended up for the 7th straight day as the explosive rally continues! Earnings out of CAT and AAPL were the story today and will carry into tomorrow. The Dow is now just 85 points away from 9000 which will be a huge resistance level. If the Dow breaks through 9000 I would probably start taking profits and wait for a pullback. For More Technical Analysis - Go Here

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Dow Jones Analysis 7/21/09 Stock Market Analysis

Dow Jones Chart - The following is Technical Analysis for the Dow Jones ( DJIA ) for 7/21/09

Dow Jones Industrial Average ($DJI) Support & Resistance Levels - July 21, 2009

Resistance Levels: 8878, 9000, 9088

Support Levels: 8600, 8500, 8331, 8250

http://stockcharts.com/ - Chart

Stock Market Futures

The Dow Jones had another nice pop today and is poised to break through the June 2009 high of 8878. A close above this level would set up a run toward 9000 and the 2009 high of 9088.06. Dow 8500 should now offer huge support and would be a buying opportunity. If we get near 9000 over the next few days, I might start putting on some short positions for a trade.

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Dow Jones Analysis 1/12/09 - Stock Market

The following is Technical Analysis for the Dow Jones ( DJIA ) for 1/12/09

Dow Jones Support & Resistance Levels - January 12, 2009

Resistance Levels: 8750, 9000, 9088, 9150
Support Levels: , 8500, 8345

http://stockcharts.com - Chart

Today's Biggest Gainers - Top 2009 Stock Gainers

The Dow Jones has closed below two key moving averages on Friday ( 10 & 50 day ).This is something worth watching as this is a technically bearish signal but as long as the Dow Jones holds 8500 everything will be ok.
On the upside, a close back over these two moving averages will probably take us back for a retest of 9000. We are getting closer to a breakout point as we can't stay in this 8500-9000 range forever. We will either start a new leg down or break out big to the upside. For More Technical Analysis, Go Here

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Dow Jones Analysis 1/9/09 - Stock Market

he following is Technical Analysis for the Dow Jones ( DJIA ) for 1/9/09

Dow Jones Support & Resistance Levels - January 9, 2009

Resistance Levels: 9000, 9088, 9150

Support Levels: 8676, 8500, 8345

http://stockcharts.com - Chart

Today's Biggest Gainers - Top 2009 Stock Gainers

The Dow Jones bounced off the 50 day moving average today (8676) and also went back over the 10 day moving average. Support continues to be the 50 day moving average and also 8500. I am bullish as long as we stay over the 8500 level. On the upside, when we approach 9000 again, there will be selling at that level and also the 9088 high from earlier in the week. For More Technical Analysis, Go Here

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Dow Jones Analysis 1/8/09 - Stock Market

The following is Technical Analysis for the Dow Jones ( DJIA ) for 1/8/09


Dow Jones Support & Resistance Levels - January 8, 2009


Resistance Levels: 9000, 9088, 9150

Support Levels: 8750, 8650, 8500
http://stockcharts.com - Chart



Today's Biggest Gainers - Top 2009 Stock Gainers


The Dow Jones broke back under 9000 today and tested the first of several key support levels in the 8700 and 8600 levels. The first support level for me was 8750, then 8711 which is the 10 day moving average, and finally 8665 which is the 50 day moving average. I expect the Dow to stop going down here as technical buying comes in at these levels. A blow through and close below these levels would be a red flag and we'd probably retest 8500. 9000 now becomes resistance yet again. Thursday and Friday will be big days. Lets hope we bounce and stay above 8650. This is just a normal retest of the moving averages and as I said all along, I am bullish as long as we stay above 8500.



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