Dow Jones Analysis 4/13/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 4/13/09

Dow Jones Support & Resistance Levels - April 13, 2009

Resistance Levels: 8300, 8500

Support Levels: 8000, 7735, 7538, 7450

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Stock Market Futures

The Dow Jones surged Thursday on earnings news out of Wells Fargo. The Dow broke 8000 and closed over the previous high of 8075. This is a huge bullish signal and is almost the opposite of what I was expecting yesterday. I am now bullish as long as the Dow remains over 8000 and will get short under 8000 for a trade. The next major resistance level I see is around the 8300 level, the same level which we were at when Timothy Geithner unveiled his banking solution which the market hated back in February. For More Technical Analysis - Go Here

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Dow Jones Analysis 4/9/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 4/9/09

Dow Jones Support & Resistance Levels - April 9, 2009

Resistance Levels: 8000, 8075, 8300, 8500

Support Levels: 7550, 7450

http://stockcharts.com/ - Chart

Stock Market Futures

The Dow Jones closed back above the 10 day moving average but made a lower daily low for the 4th straight day. Keep an eye on 7750, a break below that area would cause the Dow Jones to get even weaker. I have a feeling we will retest the 50 day moving average over the next several weeks as bank earnings start to roll in. The 7500 would have to hold on the downside. However, a close above 8000 would get me bullish again. For More Technical Analysis - Go Here

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Dow Jones Analysis 4/8/09 Stock Market Analysis

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

Dow Jones Support & Resistance Levels - April 8, 2009

Resistance Levels: 8000, 8075, 8300, 8500

Support Levels: 7550, 7450

http://stockcharts.com/ - Chart

Stock Market Futures

The Dow Jones Closed below the 10 day moving average Tuesday as the 8000 level continues to be a major resistance level. The Dow now has three straight sessions with lower lows. Tomorrow will be a very critical day the Dow will attempt to get back above the 10 day moving average and regain momentum. The next solid support level is 240 points lower at 7550 which is the 50 day moving average. I am looking to buy if we get back there. However, I will use a stop at 7450. A close above 8000 would be bullish for more upside. For More Technical Analysis - Go Here

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Dow Jones Analysis 4/2/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 4/02/09

Dow Jones Support & Resistance Levels - April 2, 2009

Resistance Levels: 7931, 8000, 8250

Support Levels: 7600, 7500, 7200

http://stockcharts.com/ - Chart

Stock Market Futures

The Dow Jones held support of 7500 and 7600 on a closing basis today. A very bullish sign. I think we will continue to stay in this range between 7500-8000 until we start to get earnings reports next week. A close above 8000 would take us back to test 8500-9000, a close below 7500 will take us back to retest 7000-7200. The Dow Jones is back above both the 10 and 50 day moving averages so I trade from the long side during the trading day until this changes.

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Dow Jones Analysis 4/1/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 4/01/09

Dow Jones Support & Resistance Levels - April 1, 2009

Resistance Levels: 7931, 8000, 8250

Support Levels: 7600, 7500, 7200

http://stockcharts.com/ - Chart

Stock Market Futures

The Dow Jones had a great day after yesterday's slaughtering. The Dow tried to close above the 10 day moving average but the selling was just to great. Tomorrow the Dow Jones will most likely retest the 50 day moving average as we try to close 2 straight days back over this level. 7500 seems to be a nice area of support, a close below 7500 and I think we will see the next support level of 7200 tested. On the upside, the stock market will rip higher on a close back over 8000. The volume was very light today! For More Technical Analysis - Go Here

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Dow Jones Analysis 3/31/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 3/31/09

Dow Jones Support & Resistance Levels - March 31, 2009

Resistance Levels: 7600, 8000, 8250

Support Levels: 7500, 7200

http://stockcharts.com/ - Chart

Stock Market Futures

The Dow Jones closed below both key moving averages today which to me signals further downside to come. The next support level is around 7200 and if that doesn't hold, 7000 is the next support level. I will get bullish again when the Dow gets back above 7600.
8000 has been a major resistance level over the past 6 months and when we get back over that level the Dow should make a run toward 9000. For More Technical Analysis - Go Here

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Dow Jones Analysis 3/26/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 3/26/09

Dow Jones Support & Resistance Levels - March 26, 2009

Resistance Levels: 7864, 8000, 8250

Support Levels: 7616, 7500, 7449, 7300

http://stockcharts.com

Stock Market Futures

The Dow Jones attempted to close under the 50 day moving average but then snapped back over it at the end of the day. This is the type of action you find in a bull market. The Dow Jones has now closed over the 50 day moving average for the third straight day making this level an even greater support area. If you are looking to sell or go short, wait for the first close under the 50 day moving average so that you don't miss any more upside the markets may have.

I am also watching my downtrend line that extends down to 8400 as an upside target and the 10 day moving average that is racing higher each day.

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Dow Jones Analysis 3/25/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 3/25/09

Dow Jones Support & Resistance Levels - March 25, 2009

Resistance Levels: 8000, 8250

Support Levels: 7630, 7500, 7449, 7300

http://stockcharts.com Stock Market Futures

The Dow Jones pulled back today but still managed to close over the 50 day moving average. This is a support level worth watching. The next support level that would have to hold would be the 7500 level. If this rally continues, I could see the Dow briefly going into the low 8000's before hitting resistance. The downtrend line will be very tough to break.

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Dow Jones Analysis 3/23/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 3/23/09

Dow Jones Support & Resistance Levels - March 23, 2009

Resistance Levels: 7500, 7695, 8000

Support Levels: 7200, 7152, 7000

http://stockcharts.com - Chart

Stock Market Futures

The Dow Jones hit major resistance at the 7500 level and failed to close above this area. The Dow will now be retesting the 10 day moving average next week under 7200. This will be a big test, a close under this level for a few days could set up the Dow to test the 6800-7000 level. If this rally was for real, we will hold 7100 and not break down again. On the upside, I will be getting long on a close above 7500 as a new break out will occur. Next week will be a real test for all the major averages. For More Technical Analysis - Go Here

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Dow Jones Analysis 3/20/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 3/20/09

Dow Jones Support & Resistance Levels - March 20, 2009

Resistance Levels: 7500, 7695, 8000

Support Levels: 7400, 7216, 7000, 6895, 6500

http://stockcharts.com - Chart

Stock Market Futures

The Dow Jones failed to break a new high today and is starting to look toppy. Keep an eye on the 7571.64 high from yesterday because if this level is broken, the Dow Jones will go higher. The 10 day moving average will most likely come into play next week and we must stay over it on a closing basis...if we close below it several days we could be looking at a retest of atleast 7000. Bottom line: Keep an eye on 7572 and watch the new major support level of 7216-7218. For More Technical Analysis - Go Here

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Dow Jones Analysis 3/19/08 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 3/19/09

Dow Jones Support & Resistance Levels - March 19, 2009

Resistance Levels: 7500, 7795, 8000

Support Levels: 7400, 7250, 7000, 6895, 6500

http://stockcharts.com - Chart

Stock Market Futures

The Dow Jones is approaching the 50 day moving average which will be a resistance area. 7400 for the Dow which was resistance over the last few days now becomes support. I would be careful on a break back below this level. This has been a huge move so don't be surprised if some profit taking starts hitting the market soon, especially as we get closer to the 50 day moving average. Things are looking good though! For More Technical Analysis - Go Here

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Dow Jones Analysis 3/18/09 March 18, 2009

The following is Technical Analysis for the Dow Jones ( DJIA ) for 3/18/09

Dow Jones Support & Resistance Levels - March 18, 2009

Resistance Levels: 7449,7500, 7795, 8000

Support Levels: 7172, 7000, 6895, 6500

http://stockcharts.com - Chart

Stock Market Futures

The Dow Jones snapped back after a weak ending yesterday. We broke and closed above yesterdays high of 7392 which is very bullish. The next resistance levels are the previous 7449 low and also 7500. You then have some resistance in the 7600's but then its clear sailing to the 50 day moving average and 8000. Today's low of 7172 will now be a big support level. For More Technical Analysis - Go Here

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Dow Jones Analysis 3/17/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 3/17/09

Dow Jones Support & Resistance Levels - March 17, 2009

Resistance Levels: 7449,7500, 7795, 8000

Support Levels: 7000, 6895, 6500

http://stockcharts.com - Chart

Stock Market Futures

The Dow Jones had another great day today but is starting to hit resistance at the previous low of 7449. There is also resistance around the 7500 level. Watch these two levels over the next few days. The 50 day moving average (7795) is also coming into play as well. Support is all the way down at 7000 and the 10 day moving average at 6895 but by tomorrow will be higher. We will see in the coming weeks if this rally is for real. Keep in mind, auto bail out decision is weeks away, Jobs number coming in a few weeks, and then Citigroup earnings 4/17, the moment of truth! This will be the most anticipated earnings report in years! For More Technical Analysis - Go Here

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Dow Jones Analysis 11/24/08 - Stock Market

The following is Stock Market Technical Analysis for the Dow Jones ( DJIA ) for 11/24/08

Dow Jones Support & Resistance Levels - November 24, 2008

Resistance Levels: 8175, 8348, 8500
Support Levels: 8000, 7965, 7773, 7500

Friday we got a big rally in the Dow Jones and broke through many key resistance levels with heavy volume. We broke back above the 7773 low, the 7965 low, and closed above 8000. This is very bullish....but we are still in a severe downtrend. As in my previous chart, there is major resistance at 8175-8190 and if we can close above those two levels, I think we can make a push up to 8500 just to see whats there. Monday will key as we will either build from this rally or fail and continue the downtrend. The 10 day moving average at 8348 will also bring sellers just like 8923.18 did. For me personally, I will hold my long positions with a stop at 7965 on the Dow Jones. Keep in mind, we had a great rally but we are only back to Wednesdays close...be cautious!

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Dow Jones Analysis 11/21/08 - Stock Market

The following is Stock Market Technical Analysis for the Dow Jones ( DJIA ) for 11/21/08

Dow Jones Support & Resistance Levels - November 21, 2008

Resistance Levels: 7773, 8000, 8175

Support Levels: 7500, 7000

Today the Dow Jones broke the Oct 10th low's of 7773. You are seeing the Volatility Index ( VIX ) spike above 80 with this panic. We hit my first level of support at the close, between 7500-7600. If 7500 does not hold tomorrow I am looking for 6900-7100 to buy. It will most likely be quick and you could really get a rip roaring rally from that point. You might even see 8000 after 7000 is hit - It wouldn't surprise me at all in this stock market. The VIX could spike back into the 90's. Both 7773 and 8000 were support, but now will be resistance and people will be selling at these levels. Keep this in mind when you are trading. Also, a huge area of resistance is around 8175 -8190 which were the highs today.....when we close above this level, you could see a push up to 8500. Check out my previous Dow Jones Charts.

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