Dow Jones Close 11/20/08 - Stock Market Closing Prices

Stock Market Closing Prices - 11/20/08

Dow Jones Industrial Average ( DJIA ) Close - 7552.29 Down 445
Nasdaq Stock Market Close - 1316.12 Down 70.30
S&P 500 Close - 752.47 Down 54.12

Libor Rates - 11/20/08

1 Month - 1.40%
3 Month - 2.15%

Commodities Closing Prices - 11/20/08

Gold - 746
Oil - 49.60
Natural Gas - 6.28

The Dow Jones Industrial Average closed at 7552 on 11/20/08, as investors woke up to crashing Asian Markets and the fact that our stock market closed below key support Dow 8000 yesterday. The Stock Market Futures actually went positive this morning when some Citigroup news came out. Citi stock traded $6.80's in pre market. That didn't last long though! Art Hogan and Art Cashin gave their comments on the stock market, both agreeing we will test the lows today. When the Stock Market opened, we hit 7776 on the dow and then bounced on word the big 3 automakers were getting some kind of bail out. This news sent General Motors ( GM ) and Ford ( F ) stock up significantly. It also took the Dow Jones Industrial Average to yesterdays support level ( which is now resistance ) 8175. When we hit 8175, we sank back down below the Art Hogan Bottom of Oct 10th. It turns out, we won't know about an Auto Bailout until December. Wall Street does not like this at all! We need clarity! There is a ton of money on the sidelines just waiting to get back in when the time is right, but there is no catalyst to buy stocks right now because we don't have clarity. When this money does end up coming back in, you could see two back to back 1000 point Dow Jones up days. The question is when??

I will post another technical chart of the Dow Jones tonight, you can find there HERE I continue to see support at 7500-7600 and also 7000 or just above. This would be a nice trade able area if you are actually trading this market like I have been doing. Right now its really tough out there, but it will all get better in time.

Biggest Gainers - November 20th, 2008

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