Dow Jones Analysis 4/30/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 4/30/09

Dow Jones Support & Resistance Levels - April 30, 2009

Resistance Levels: 8190.66, 8300, 8500

Support Levels: 8000, 7750, 7550

http://stockcharts.com/ - Chart

Stock Market Futures

The Dow Jones broke out above the previous high of 8190 and most importantly, the downtrend line. This line now becomes support and the risk is to the upside. The high today of 8257.57 becomes minor resistance and I am expecting upside to the 8300-8400 area. A close above 8500 would be huge and then I think 9000 would be retested. On the downside, I like pullbacks under 8000 with a stop at 7750. For More Technical Analysis - Go Here

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Dow Jones Analysis 4/29/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 4/29/09

Dow Jones Support & Resistance Levels - April 29, 2009

Resistance Levels: 8190.66, 8300, 8500

Support Levels: 8000, 7750, 7550

http://stockcharts.com/ - Chart

Stock Market Futures

The Dow Jones continues to hit up against this downtrend line which is becoming a major resistance level. A break up through this level would be huge and could set up a new leg up in the stock market. This stress test Monday could turn out to be a huge market moving event!!! If the Dow starts to break out to the upside, we could be headed to retest the 200 day moving average. Support continues to be at 7750. We will find out very soon which way we go next...buckle up!

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Dow Jones Analysis 4/28/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 4/28/09

Dow Jones Support & Resistance Levels - April 28, 2009

Resistance Levels: 8190.66, 8300, 8500

Support Levels: 8000, 7750, 7550

http://stockcharts.com/ - Chart

Stock Market Futures

The Dow Jones failed to break up through the downtrend line that extends back to November of 2008. The Dow did manage to stay above 8000, a key support level. I believe the next break out will occur when the Dow breaks over this downtrend line and holds it. On the downside, 7750 is a major support level which must hold from here on out. A close below 7750 could be the start of a new leg down or just a retest of the lows

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Dow Jones Analysis 4/27/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 4/27/09

Dow Jones Support & Resistance Levels - April 27, 2009

Resistance Levels: 8000, 8190.66, 8300, 8500

Support Levels: 7957, 7750, 7550

http://stockcharts.com/ - Chart

Stock Market Futures

The Dow Jones closed back over 8000 and the 10 day moving average proving once again there is still juice left in this market. The Dow is pressing up against the downtrend line and is trying the break out above it. Next week will be a big test as we will either break up through this level and hold it or continue to trend along down with it. A nice base has formed around 7750, any break below this level would be viewed as bearish. I feel the shorts would then come back on the attack again. I feel once the stress test results are released the market is going to move big one way or the other..stay tuned!

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Dow Jones Analysis 4/24/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 4/24/09

Dow Jones Support & Resistance Levels - April 24, 2009

Resistance Levels: 8000, 8190

Support Levels: 7750, 7550

http://stockcharts.com/ - Chart

Stock Market Futures

The Dow Jones had a late day surge led be financials at the end of the day. We are stuck in this range between 7750-8000. Dips under 7800 have been bought heavily, rips into the 8000's have been sold heavily. The downtrend line that I drew shows that we will either break above this resistance line or fail and begin another downtrend. As long as the Dow can close above 8000 I am bullish but as soon as we close below 8000, I trade from the short side. We have traded sideways for all of April so we will soon be able to tell the next major move within the next few weeks

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Dow Jones Analysis 4/23/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 4/23/09

Dow Jones Support & Resistance Levels - April 23, 2009

Resistance Levels: 8000, 8190

Support Levels: 7750, 7550

http://stockcharts.com/ - Chart

Stock Market Futures

The Dow Jones failed to hold 8000 earlier today and collapsed at the end of the day. The Dow Jones has now closed below the 10 day moving average for the third straight day, something that hasn't happened since we hit the March lows. I am watching 7750 which has been a strong support level. If we close below 7750, a new downtrend will start. Carter Worth caused the late day sell off when he said sell sell sell. For More Technical Analysis - Go Here

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Dow Jones Analysis 4/22/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 4/22/09

Dow Jones Support & Resistance Levels - April 22, 2009

Resistance Levels: 8000, 8190

Support Levels: 7750, 7550

http://stockcharts.com/ - Chart

Stock Market Futures

The Dow Jones had a nice snap back rally today but failed to close above the 10 day moving average which is now resistance. Since the recent run started, the Dow hasn't closed below the 10 day moving average for 3 straight days so tomorrow will be key from a technical standpoint. The support level of 7750 held again today so this is a level that must hold going forward. A close below 7750 would be a huge sign of weakness. For More Technical Analysis - Go Here

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