August lows excellent support for the Dow Jones index

DJ resistance :    15.410  Strong
                          15.240  50 days moving average

DJ Support   :    15.050  prior resistance now support
                          15.000
                          14.916  prior resistance now support
                          14.760  Strong

The major U.S. stock market benchmarks are acting well technically despite September conjuncture like Syria geopolitical issues, FOMC concerns( next September 17th. and 18th.) about QE, unemployment (U.S.A. needs at least 250.000 new jobs every month to assure growth and to absorb unemployees and new labours), budget (sequester), debt ceiling(October), etc.

DJ rebounded from the technical support DJ14.760 in an splendid way and broke up  resistances DJ 14.916 and 15.050. The blu-chip benchmark has rallied to three week high from August lows. You can see those levels in the last comentary on September 2nd.

As I indicated the Dow Jones index is over the positive trend line and positive channel from 2009 lows what is very positive. I maintain my optimism in the stock market.

This positive stock market response is due to  more strong data out of China, peaceful signs about Syria, Europe in a positive way to its weak recovery, U.S.A. weak but recovery. It seems that we are going to see the highs of the Dow Jones again before de year end.

Traders and investors, I wish you Good luck, viel Glueck, buona fortuna, buena suerte, bonne chance!

Ulises