Dow Jones Analysis 5/8/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 5/8/09

Dow Jones Support & Resistance Levels - May 8, 2009

Resistance Levels: 8500, 8700

Support Levels: 8300, 8190, 8000

http://stockcharts.com/ - Chart

Stock Market Futures

The Dow Jones pulled back today after making a new high in the morning. The stock market appears to like the results of the stress test because the bank stocks are screaming higher in afterhours. Keep an eye on 8577 which was the high on Thursday. A break through that level could send the Dow to retest 8700. I love pullbacks to the 10 day moving average for a trade. The 10 day moving is currently at 8244.40. The overall trend is still bullish. For More Technical Analysis - Go Here

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Dow Jones Analysis 5/7/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 5/7/09

Dow Jones Support & Resistance Levels - May 7, 2009
Resistance Levels: 8500, 8700

Support Levels: 8300, 8190, 8000

http://stockcharts.com/ - Chart

Stock Market Futures

The Dow Jones closed over 8500 which is very bullish. We are now back to early January levels when we had no idea when things would start to get better. Now we are seeing positive signs but are still not out of the woods. There is a possibility that the Dow Jones moves up to test the 200 day moving average in the next month. 8000 is now huge support level. For More Technical Analysis - Go Here

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