After looking at the stock market trends of US market, I believe that the market has entered into a sideway market. Sideway market means the market will rebound from support and retrace from resistance. It is a great opportunity for stock market trading.

Let’s take a look at the US Stock market trends now!

It has been a while since I last posted the Dow Jones Weekly Stock Market Trends. I was focusing a bit too much on the stock market picks and some of the recent short position that I took.

It prompted me to post the Dow Jones Weekly Stock Market Trends today because I spotted that the Dow Jones index is now trading on the key support, breaking such support will see the stock market contine to dive to possibly 2002 low. If it holds, then, we may see a technical rebound again continue with a side way market.

Let’s take a look at the Dow Jones Stock Market Chart now.

I closed my McDonalds short position yesterday but the stock kept diving today. Well, am I feel upset why I cover the short so early? Honestly, I do. But, there is always win or loss in stock market trading, still I did made some little money on McDonald, just that not that much. Compared to loss, I am far better

I am still holding on to another 2 short positon now, they are Lorillard & Airtran Holdings. I just checked my portfolio, I have a profit between 7% - 11% and I am still riding on the down trend.

Ok, let’s focus back to today stock market picks. I found another interest stock counter to look at again using the trading system I back tested earlier. I am now doing some forward testing by bring the system to test in the real stock market.

As I mentioned earlier that I have covered back my McDonalds short position, while I am still holding on to the other two short position that I have - they are Lorillard & Airtran Holding.

Let’s just have an update by taking at their stock chart now!

While during the election day last week, I spotted McDonalds that it is trading very near to the resistance level, I initiated a short position with a stop loss.

I opened a total of 3 short positions last week, they are McDonalds, Lorillard & Airtran Holdings Inc. I decided to cover my McDonalds short position today.

After looking at Dow Jones Industrial Average weekly stock market trends, I am now also looking at the S&P500 and Nasdaq stock indices as well. These two major US indices are also hitting resistance and they will either go to a sideway market or down trending market as the US Dow Jones stock market trends.

US elected Obama as the 44th US president, however, the market did not cheer about it instead, it dive by more than 400+ points on Dow Jones Industrial Average. Dow Jones has enjoyed quite a good rally for a week before the election which many people believe to the election rally.

It is now time to focus back to the economic. US and the world is still facing one of the toughest time since the great depression. There will definitely need lots of work to be done before we can regain all the investor confidence into the market. Otherwise, I do believe that the market will remain weak for the next 1 year at least. That’s my thought.

Let’s take a look at the US Dow Jones Industrial Average stock market trends now.

Obama has finally won the US presidential election to be the 44th president and the first African American to get into the white house. The Asian stock generally reacted positively to the news, but Europe and US market seem to be in the red as I am writing this post. There might be some profit taking action going on.

Do you think the rally will still last? What is my stock pick today?