Dow Jones Industrial Average - August 21, 2010
The Dow Jones Industrial Average (DJIA) and the S&P500 daily charts continue to show weakness for the last 10 trading sessions.
The earnings seasons was mixed and is now over and the market is looking to other economic indicators of the economy. Most of these indicators, such as jobless claims, continue to be pessimistic.
The DJIA and [...]
Stock Market Summary - July 15 2010
The Dow Jones was down over 250 points or 2.5% and closed real close to the low of the day.
Long term DJIA direction: Down - The Dow Jones is still in the final formation stages of a head and shoulders stock pattern. The final confirmation of the pattern is if the Dow breaks below $96 [...]
Is the Dow Jones Industrial Average Head and Shoulders Chart Pattern Broken?
The Dow Jones had two resistance points to cross through to break the current head and shoulders patter that it is currently in (the above chart is of DIA which is 1/10 of the DJIA).
The first resistance was the 200 day moving average at 10,370. The next resistance is the right shoulder of the head [...]
Stock Market Analysis - July 9
The Dow Jones Industrial average had a up week and a strong finish. The Dow Jones average is within a Head and Shoulders pattern and/or descending channel. Both of these patterns would suggest we still have downward prices in the near future.
The Heads and Shoulders stock pattern for the Dow Jones would suggest an 8,600 [...]
Stock Market Summary - 06/25/10
The Dow Jones, S&P 500 and Nasdaq finished a down week that has created almost exact technical stock charts for all.
The candlestick patterns for this week trade are very interesting. Last week we showed upward pentration of the 21 day moving average and showed the ability to hold the gains on Wednesday through Friday. Monday [...]
Dow Jones Industrial - Inverted Hammer - June 14 2010
The Dow Jones Industrial Average had a nice run up today and by the end of the day, the bears won and took back the gains.
The DJIA also penetrated the short term channel resistance and touch the 200 day moving average and closed below them both.
The daily candlestick is an inverted hammer.
It looks like the [...]
Dow Jones Industrial Average - DJIA - June 12 2010
The Dow Jones Industrial Average closed up on Friday, June 11 2010, after bouncing around through the day on low volume. Around 3:00 the chart looked like a wedge and could close up either up or down.
Positives - The daily chart looks like we may have broken out of the descending channel to the upside. [...]
Market Wrap Up - June 08 2010
By: World Market Media
Today was a mixed day on Wall Street with the DOW finishing the dat at 9,913.16 up 96.67 or .98%. The Nasdaq finish lower amid weak Tech stocks, finishing the day at 2,165.73 down 8.17 points of .38 points. Finally, S&P closed up 8.94 or .85% finishing at 1,059.41.Gold continued to be [...]
Dow Jones Industrial Average - 05/21/10
Friday was an important day for the indexes. Normally when many “sell in May and go away”, all eyes were on the market to see if the indexes could hold the previous lows set two weeks prior during the “flash crash”.
Friday did not take out the flash crash low and after a mixed day, [...]
DJI - 05/19/10 - intraday - breaking through triangle to the downside
The DJI on the daily chart is breaking through the triangle to the downside. See if this holds true for the day.
This would indicate that we have further down trend in the DJI for at least the short term.
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