Dow Jones Analysis 7/7/09 Stock Market Analysis

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

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

Resistance Levels: 8600, 8700

Support Levels: 8250, 8200

http://stockcharts.com/ - Chart

Stock Market Futures

The Dow Jones tested 8200 and bounced off this level on Monday to close in the green. The Dow also closed above the key closing support level of 8250 as you can see by the line above. Look for rallies back to 8500 to be sold as we head into earnings season starting tomorrow with key Dow component Alcoa ( AA ). A head and shoulders pattern has formed so a break below 8200 would be very bearish. The next support i'd be looking toward is 8000. For More Technical Analysis - Go Here

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Dow Jones Analysis 7/6/09 Stock Market Analysis

Dow Jones Chart - The following is Technical Analysis for the Dow Jones ( DJIA ) for 7/6/09

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

Resistance Levels: 8600, 8700

Support Levels: 8250, 8200

http://stockcharts.com/ - Chart

Stock Market Futures

The Dow Jones broke back below all three major moving average today and formed the right shoulder of a head and shoulders pattern. The neckline is 8200 intraday and 8250 on a closing basis. If the Dow breaks any of these two points, I feel we will go down to atleast retest 8000. All rallies back above 8500 should now be sold. Keep an eye on this situation next week! For More Technical Analysis - Go Here

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Dow Jones Analysis 6/26/09 Stock Market Analysis

Dow Jones Chart - The following is Technical Analysis for the Dow Jones ( DJIA ) for 6/26/09

Dow Jones Industrial Average ($DJI) Support & Resistance Levels - June 26, 2009

Resistance Levels: 8500, 8600, 8700

Support Levels: 8250, 8000

http://stockcharts.com/ - Chart

Stock Market Futures

The Dow Jones snapped back today but stopped shy of the key resistance levels : 10 day moving average, 8500, and the 200 day moving average. A close above 8500 would get me bullish again as we held 8250 on the downside for 2 straight days. 8600 will also provide strong resistance so you can see the types of headwinds upon the Dow right now. A close below 8250 at any time would turn me bearish. For More Technical Analysis - Go Here

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Dow Jones Analysis 6/25/09 Stock Market Analysis

Dow Jones Chart - The following is Technical Analysis for the Dow Jones ( DJIA ) for 6/25/09

Dow Jones Industrial Average ($DJI) Support & Resistance Levels - June 25, 2009

Resistance Levels: 8390, 8522, 8600

Support Levels: 8250, 8000

http://stockcharts.com/ - Chart

Stock Market Futures

The Dow Jones failed at the 50 day moving average today, giving up a 100 point gain to close down 23. The 10 day moving average is getting ready to break down through the 200 day moving average which is a bearish signal but so far we managed to hold 8250 on a closing basis. Keep an eye on the initial claims data out at 8:30am Thursday. As long as we remain below 8500 but above 8250, I am neutral. For More Technical Analysis - Go Here

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Dow Jones Analysis 6/24/09 Stock Market Analysis

Dow Jones Chart - The following is Technical Analysis for the Dow Jones ( DJIA ) for 6/24/09

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

Resistance Levels: 8383, 8533, 8700

Support Levels: 8250, 8000

http://stockcharts.com/ - Chart

Stock Market Futures

The Dow Jones Industrial Average closed below the 50 day moving average for the second straight day but managed to hold the 8250 support level. If the Dow closes below 8250 I feel it will retest 8000 or below. If things get much worse from here, the 10 day moving average could break down below the 50 day moving average which would cause a Dow sell signal. 8600 now becomes strong resistance. For More Technical Analysis - Go Here

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Dow Jones Analysis 6/23/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 6/23/09

Dow Jones Industrial Average Support & Resistance Levels - June 23, 2009

Resistance Levels: 8378, 8500, 8700

Support Levels: 8250, 8000

http://stockcharts.com/ - Chart

Stock Market Futures

The Dow Jones closed below the 50 day moving average for only the second time since the March 2009 lows. The Dow Jones is now below all major moving averages that I follow. I am still neutral but will be cautious when trading. I will turn bearish if the Dow Jones trades below the key support level of 8250. I will now be selling and or shorting rallies back to the 8600 area. For More Technical Analysis - Go Here

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Dow Jones Analysis 5/4/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 5/4/09

Dow Jones Support & Resistance Levels - May 4, 2009

Resistance Levels: 8300, 8500

Support Levels: 8000, 7750, 7550

http://stockcharts.com/ - Chart

Stock Market Futures

The Dow Jones tested the downtrend line today which is now a nice area of support. There is resistance around 8300 as well as major resistance at 8500. I don't expect much action until the stress test is released next Thursday. The Dow Jones has support at the 8000 level as well as 7750. For More Technical Analysis - Go Here

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Dow Jones Analysis 5/1/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 5/1/09

Dow Jones Support & Resistance Levels - May 1, 2009

Resistance Levels: 8190.66, 8300, 8500

Support Levels: 8000, 7750, 7550

http://stockcharts.com/ - Chart

Stock Market Futures

The Dow Jones had a nice day early but then failed after the Chrysler announcement. The Dow still has not closed over the 8190 high from April and everytime it gets above 8200 it is sold. At this point, 8000 now becomes a critical support level as we await the stress test results on Monday. For More Technical Analysis - Go Here

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Dow Jones Analysis 4/21/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 4/21/09

Dow Jones Support & Resistance Levels - April 21, 2009

Resistance Levels: 8000, 8190

Support Levels: 7750, 7550

http://stockcharts.com/ - Chart

Stock Market Futures

The Dow Jones closed below the 10 day moving average and also closed at the lows. The next level of support I am looking at is 7750 which held several times in March and April. If this 7750 level does not hold on a closing basis, I feel the 50 day moving average will be retest at 7536. On the upside, 8000 is now resistance and I would be a seller at this level going forward.

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Dow Jones Analysis 4/20/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 4/20/09

Dow Jones Support & Resistance Levels - April 20, 2009

Resistance Levels: 8300, 8500

Support Levels: 8000

http://stockcharts.com/ - Chart

Stock Market Futures

The Dow Jones continues the recent uptrend closing over the 10 day moving average once again. I continue to watch this moving average ( now at 7997 ) for any signs of a correction. 8000 is now an even more critical level on a closing basis. Bank of America, a Dow component, will release earnings on Monday. All signs point to the Dow testing the 8300-8500 before a major correction

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Dow Jones Analysis 4/17/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 4/17/09

Dow Jones Support & Resistance Levels - April 17, 2009

Resistance Levels: 8000, 8300, 8500

Support Levels: 7961, 7750, 7535

http://stockcharts.com/ - Chart

Stock Market Futures

The Dow Jones broke through the 8113 high from last week. Since closing back over 8000 yesterday, it is becoming more and more evident how strong this stock market truly is. I continue to eye the 8300-8500 level as strong resistance, it would take a lot to get through 8500 but it could happen. Pullbacks to the 10 day moving average have been heavily bought and this is where I continue to buy. We will eventually retest the 50 day moving average but at what level is the question!! This test of the 50 day moving average will be the real test....if it fails, we could attempt to retest the lows at some point this year. As for now, I am bullish as long as we keep closing over 8000.

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Dow Jones Analysis 4/7/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 4/7/09

Dow Jones Support & Resistance Levels - April 7, 2009

Resistance Levels: 8000, 8075, 8300, 8500

Support Levels: 7797, 7558, 7480

http://stockcharts.com/ - Chart

Stock Market Futures

The Dow Jones continues to bounce around the 8000 resistance level. We now have three straight days where the Dow Jones made a lower low. We are either going to break down and test the 50 day moving average or rip through 8075 and test 8300-8450. I continue to watch the 10 day moving average to tip me off as to where we go next. A close below the 10 day moving average, in my opinion, would take us back to retest 7556ish. For More Technical Analysis - Go Here

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Dow Jones Analysis 4/6/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 4/6/09

Dow Jones Support & Resistance Levels - April 6, 2009

Resistance Levels: 8275, 8500

Support Levels: 8000, 7950, 7700

http://stockcharts.com/ - Chart

Stock Market Futures

The Dow Jones closed over 8000 today for the first time since early February 2009. This bodes well for further gains next week. Resistance is at 8075 and the downtrend line at around 8300-8350. We had a nice push through 8000 in the last 10 minutes after trading below this level all the day. I wouldn't be surprised if we rise and sell off back to 8000 for the next several trading sessions. I will now be buying pullbacks to the 50 day moving average 7559. A close below 7500 at any time would be very bearish...so if we do get down there, watch this area closely.

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Dow Jones Analysis 4/3/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 4/3/09

Dow Jones Support & Resistance Levels - April 3, 2009

Resistance Levels: 8000, 8275, 8500

Support Levels: 7950, 7700

http://stockcharts.com/ - Chart

Stock Market Futures

The Dow Jones broke above the key resistance level of 8000 but pulled back at the end of the day. This is very bullish and it will be interesting to see how the Dow reacts to what will be horrible jobs number tomorrow at 8:30am Est. I don't see any resistance until about 8275 which was the level we were at before Timothy Geithner came out with his horrible bank plan back in February. Pullbacks to 7700 will be bought heavily now that we broke through 8000. Today's move shows us the rally is still alive! RIMM earnings after the bell were unreal!!

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Dow Jones Analysis 11/26/08 - Stock Market

The following is Stock Market Technical Analysis for the Dow Jones ( DJIA ) for 11/26/08

Dow Jones Support & Resistance Levels - November 26, 2008

Resistance Levels: 8500, 8607, 8923.18
Support Levels: 8280, 8175, 8000

The Dow Jones has closed above its 10 day moving average for the second straight day which is very bullish. The stock market looked ugly during the afternoon hours but the Dow Jones hit the 10 day MA at 8280 and bounced off to close at 8480. This is the type of action you want to see if you are long this stock market. The Dow Jones is still fighting with this 8500 level...we need to close over it and then close over 8600 and then I think we will test the 8923 high from Mid November. Right now we are in a very tight range from 8300 to 8600 and we could linger here for awhile until a new direction is taken. The Volatility Index ( VIX ) has come down to around 60 so this is also a bullish sign. Investors are starting to feel a bit more comfortable holding stocks right now. I am buying stocks every time we hit the 10 day moving average until further notice. This was the first time the Dow Jones went up three straight days since Sept 10th, 11th, and 12th of 2008. For my past technical charts of the Dow Jones - Go HERE

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Dow Jones Analysis 11/25/08 - Stock Market

The following is Stock Market Technical Analysis for the Dow Jones ( DJIA ) for 11/25/08

Dow Jones Support & Resistance Levels - November 25, 2008

Resistance Levels: 8500, 8600, 8923.18

Support Levels: 8304, 8175, 8000

The Dow Jones broke out to the upside for the second straight day and closed over its 10 day moving average. This is very bullish! Testing 8500 was tough today but while we broke through it and hit a high of 8599, we failed to close above 8500. Tomorrow will be a big statement day for the stock markets as it could tell us a lot about where we are headed. Is this rally for real or is it just a normal bear market rally? I'm looking for a close above 8500 to get even more bullish and add to the rally. Support is now at the 10 day moving average around 8300 and as long as we stay above this level the Dow Jones will be ok. We also have support still at 8175 and 8000. A close below these two would be bearish and we will retest the 7449 low. We won't have a stock market bottom until we close over the 9794 high back in October....so while the last two days were bullish, we have a long way to go! For my past technical charts of the Dow Jones - Go HERE , Also - View Daily Stock Market Highlights from my blog.

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