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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.

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?

US is holding their presidential election today. We have seen a rally in the US markets since last week and many people believe that is so called presidential election rally. Obama fights against McCain. It is also one of the historical moment for American as they either elect the first African American or the first oldest president elected to a first term.

Where to you think the stockmarket will head to?

My earlier post about stock picks on New York Stock Exchange highlighted 10 stock market picks that I am now monitoring because they have hit or trading near the resistance levels. There are few more that I have share with you too now that they are also trading near the resistance levels.

However, having so many stock picks but which one should you choose if you like to trade. You can use my 5 simple steps of stock trading to determine the reward/risk ratio and select the one that gives you the best reward with the minimal risk.

After my earlier position on Kroger was stopped out, I was waiting patiently for my next stock picks. It is not necessary that we must trade everyday. We must find the best stock picks that offers the best reward/risk opportunity to us.

I screen the New York Stock Market (NYSE) today and I found quite a number of interesting and potential stock picks.

Why do I select them?

US stock market has been declined since the falling of the 2 big financial giant - Lehman and Merrill Lynch. US Congress has finally approved and give the green light to the bail out plan.

However, the market had a big fall yesterday and it was once Dow Jones dived by 700 points. That’s an unbelievable fact, but it happened.

Let’s take a look how is the Dow Jones stock market trends using technical analysis!