Market Turning - March 10, 2011 - unitedfinancialplanner.com
The DJIA closed near the daily low and below the resistance level of 12,000.
The S&P 500 closed below 1,300 and near the daily low on strong volume.
These moves are very bullish. Lets see if the market follows this trend on Friday.
Has The Recent Bull Run Come To An End? unitedfinancialplanner.com
The overall stock market has been on a pretty strong bull run starting in September 2010.
The S&P 500 has gone from 1,060 to over 1,300 posting over 22% increase in 6 months.
The US stock market had a large scale across the board good old fashion sell off.
Recent news from the middle east and from Wisconson [...]
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 Summary - July 12 2010
The Dow Jones Industrial Average had a sideways day today waiting on earnings season to begin. Alcoa reported after the bell better than expected earnings. This may help the markets on Tuesday.
The Dow Jones is still within a Head and Shoulders stock chart pattern. The DJIA would have to close above the Right Shoulder of [...]
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. [...]
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