How will the stock market open on 12/29/08? The Dow Jones Futures are set to open higher on Monday, December 29th - 2008. The Dow Futures were down 100 at one point last night.
Stock Market Futures - 12/29/08 - Update 7:00am
Dow Jones Futures - Up 36
Nasdaq Futures - Up 6
S&P 500 Futures Up 3
Nikkei Close - 8747 Up 8
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Sunday, December 28, 2008
Dow Jones Analysis 12/29/08 - Stock Market
The following is Technical Analysis for the Dow Jones ( DJIA ) for 12/28/08 , 12/29/08
Dow Jones Support & Resistance Levels - December 29, 2008
Support Levels: 8500, 8300, 8150
http://stockcharts.com - Chart
http://stockcharts.com - Chart
The Dow Jones closed back over key support of 8500 on Friday so I am currently bullish. As I have been saying lately, 8500 is the key area right now that you want to be watching.
I am very cautious however as the Dow appears to be starting to break down again. The Dow formed a double top at 9000 and has since broke back below the 10 day and 50 day moving averages.
Key support levels after 8500 would be 8300 and 8150
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Nasdaq Analysis 12/29/08 December 29, 2008
The following is Technical Analysis for the Nasdaq ( NAS ) for 12/28/08, 12/29/08
Nasdaq Support & Resistance Levels - December 29, 2008
Support Levels: 1500, 1450
http://stockcharts.com - Chart
The Nasdaq continues to trade above the key support level of 1500 which is bullish. However, proceed with caution as the Nasdaq is once again trending below both the 10 day and 50 day moving averages.
This coming week will be a light volume one so i'm waiting for the volume to come back to see which direction we are going next.
The Nasdaq has resistance at 1545 and 1560 while support is 1500 and 1450.
http://stockcharts.com - Chart
The Nasdaq continues to trade above the key support level of 1500 which is bullish. However, proceed with caution as the Nasdaq is once again trending below both the 10 day and 50 day moving averages.
This coming week will be a light volume one so i'm waiting for the volume to come back to see which direction we are going next.
The Nasdaq has resistance at 1545 and 1560 while support is 1500 and 1450.
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