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Dow Jones Stock Market Today-Price Action Analysis


Dow Jones Stock Market Today Closed at 21948.10 with 55.67 points or 0.25% gains. Healthcare, Basic Materials, and Technology Sectors led the shares higher. Dow closed the August Month with a confusing Doji Candle With 56.98 points 0r 0.26% gain.

Dow Jones Stock Market Yesterday:

Yesterday the Dow Jones 30 index opened at 21936.01. And then immediately went to the days high of 21885.76. yesterday I strongly mentioned about the power of 21997 resistance the index resisted around these levels. And then the sellers came in and push the index to the low of the day at 21910.50. Finally, the index closed the day at 21948.10.

Dow 30 Stocks Contribution:

United Health, Goldman Sachs, and Johnson&Johnson shares contributed 37 points on the upside yesterday. At the same time Walt Disney, Boeing, and The Travellers contributed 21 points on the downside. Check here which shares contribute on the upside or downside.

Dow Jones Stock Market Today:

Dow Jones stock market today will be highly volatile as today is weekly close for the index. No need to change the levels 21997 is strong resistance and 21910 is a strong support. If support is broken next support are 21850 and 21766. If resistance was broken then next resistance is 22085.

The top performers on the S&P 500 were AutoNation Inc (NYSE: AN) which rose 4.35% to 45.37, Mallinckrodt (NYSE: MNK) which was up 4.34% to settle at 41.08 and Tiffany & Co(NYSE: TIF) which gained 4.28% to close at 91.40.

The worst performers were Campbell Soup Company (NYSE: CPB) which was down 8.06% to 46.20 in late trade, Dollar General Corporation (NYSE: DG) which lost 5.43% to settle at 72.56 and CH Robinson Worldwide Inc (NASDAQ: CHRW) which was down 3.33% to 70.63 at the close.

Finally, Don’t buy the Dow Jones 30 Index Till it closes above 22178. The index is painting a bearish picture for short term.

Gilead Sciences recommended at $79 now $83 holds for $100. Mazor Robotics also recommended as multibagger



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