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In this video-marketupdate, we are going to go over the Dow Jones Industrial Average daily charts.

In this video we see that the Dow Jones is at support and on top of that it has been coming down for while now.

The Stochastic are in the over sold section as well.

This point to a possible bounce in the Dow Jones Industrial Average market.

But…

The bounce would be short lived ( i think ) and if anything you should be on the side line waiting for shorts.

That’s the best chance when trading this market and the Dow Jones Industrial Average market.

Hope this helps.

Talks soon.

John

P.S

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The S&P 500 market is holding that bigger and longer support, but it is also having problems at a short term resistance level.

As shown in the video, we are in a down channel.

The market is at the bottom of that channel and is acting as support.

Are we going to hold here and go up..

Or are we going to continue down?

I think over all, more down side it likely to happen.

Talk soon.

John

P.S Are you coming to the training event?

On this is a free training event where You’ll learn:

1. What’s really going on in the market.

2. Why most people trading will lose and by changing just one thing will give double your chances of succeeding in the market.

3. An amazing trading system that most people don’t know about that allows me to generate a good consistent income regulars of market direction.

4. How to pick the wrong direction and still make a good income.

5. The top 5 charting patterns to use to take the confusion out of the market.

6. My secret method to finding the most highest probable trade on the market within a few minutes.

and so much more.

This is going to be an amazing ” Free Training Event” and unlike other webinars, you’re going to learn the steps an details to everything.

So fill in your info below now to confirm your spot. Do it now because we can only hold a max of 100 spots.

Click here now to grab your spot.

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So what do you think?

Are we going down or up?

As you can see we are at good support in the S&P 500 and Dow Jones and if that support break, then I think we can see alot more down side.

But…

If the support does hold, then back up we go.

Hope this helps.

Talks soon.

John Howell

P.S Are you coming to the training event?

On this is a free training event where You’ll learn:

1. What’s really going on in the market.

2. Why most people trading will lose and by changing just one thing will give double your chances of succeeding in the market.

3. An amazing trading system that most people don’t know about that allows me to generate a good consistent income regulars of market direction.

4. How to pick the wrong direction and still make a good income.

5. The top 5 charting patterns to use to take the confusion out of the market.

6. My secret method to finding the most highest probable trade on the market within a few minutes.

and so much more.

This is going to be an amazing ” Free Training Event” and unlike other webinars, you’re going to learn the steps an details to everything.

So fill in your info below now to confirm your spot. Do it now because we can only hold a max of 100 spots.

Click here now to grab your spot.

Click here to check out the free training.

As you can see with the Australian market, its a a ” do or Die” situation. If we do hold where we are right now at support, then news highs is likely to happen.

But,if we do see the support fail and the market move below that, then the market is likely to see alot more down side to come, I would think.

Hope this helped.

Talk soon

John

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Enjoy

john

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So as you can see in the market at the moment, we are at a point we’re its do or die.

What I mean is that right now on the S&P 500 we are at good support if that level is broken, then we are likely to spend alot more time to the down side.

But here’s where it gets interesting…

The Dow actually is at good resistance and looks like it wants more down side.

I think it all comes down the employment situation.

This is a big announcement that all traders look at and if its not as good as they think.. then the market is likely to come down.

Have a good day.

Talk soon.

John Howell.

P.S The 80% sale end tonight. Click here to check it out.

TOP 10 GAINERS

Ticker Last Change Volume Signal
CEBK 30.65 69.81% 47570 Top Gainers
PLXT 6.66 67.34% 5468467 Top Gainers
IPSU 6.40 58.02% 6078094 Top Gainers
PFCB 51.48 29.71% 11116230 Top Gainers
NUVA 20.39 23.05% 5849949 Top Gainers
CPHC 13.95 22.37% 26909 Top Gainers
PLXT 6.66 67.34% 5468467 New High
CEBK 30.65 69.81% 47570 New High
CLBH 5.25 13.89% 52646 New High
PFCB 51.48 29.71% 11116230 New High

TOP 10 LOSER

Ticker Last Change Volume Signal
OPHC 1.65 -34.78% 1360940 Top Losers
ECOL 16.71 -22.78% 828573 Top Losers
PBY 11.62 -22.17% 12297249 Top Losers
SVNT 1.86 -21.52% 6197535 Top Losers
COP 56.51 -21.11% 15156176 Top Losers
HLF 56.30 -19.94% 30651708 Top Losers
MERU 2.40 -15.49% 481648 New Low
DVOX 2.28 -7.32% 41934 New Low
RVSB 1.65 -5.71% 91533 New Low
NIHD 12.87 -8.07% 8709100 New Low

NEWS

12:43AM              StanChart posts high single-digit Q1 income growth

12:43AM              India has leeway to get reforms on track: Moody’s

12:25AM              China’s Stocks Rise Most in Two Weeks on Manufacturing, Fee Cut

12:17AM              India has leeway to get reforms on track: Moody’s

12:13AM              Dow hits four-year high, lifted by factory data

12:13AM              Jobs growth seen rebounding in April

12:13AM              Facebook’s IPO show to hit the road on May 7: source

12:04AM              Romney Meets Bloomberg, Talks Gun Control, Immigration

12:04AM              Broadcom, OpenTable, Peet’s, TripAdvisor: U.S. Equity Preview

12:04AM              Four Fed Policy Makers See No Need to Ease With Economy

BLOGS

12:03AM              Tables & Charts for Tuesday, May 1st, 2012

May-01                 Sixth Month-In-A-Row Of Chinese Manufacturing Contraction As Jobs Fall Fastest In 3 Years

May-01                 Of Generational Cycles, Kondratieff Waves, And Credit Expansion

May-01                 Is Central Planning About To Cost The Jobs Of Your Favorite CNBC Anchors?

May-01                 Fed commentary and Greenspan too. I hold back.

May-01                 “The Great Train Robbery,” California Version

May-01                 Lock ‘em Up | Fraud on the Court – In Re Delva: Fraudclosure, Fabrication, Bankruptcy and Lies

May-01                 Discuss . . .

May-01                 Obama’s Afghanistan Address – Live Webcast

May-01                 This Is the First Time In History that All Central Banks Have Printed Money at the Same Time … And They’re Failing Miserably

Futures               Last              Change             Change %

Dow                       13279.32   +65.69               +0.50%

S&P 500                1405.82    +7.91                  +0.57%

Nasdaq 100         3050.44   +4.08                  +0.13%