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Saturday, February 28, 2009

Dow Jones Analysis 3/2/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 3/1/09, 3/2/09

Dow Jones Support & Resistance Levels - March 2, 2009
Resistance Levels: 7377, 7449, 7500, 7552

Support Levels: 7036, 7000, 6936




The Dow Jones set a new 52 week low on Friday bouncing off of the 7036 support level. The volume was very high due to Citi and B of A. I would think the 7000 would offer a nice level of support like 8000 did for awhile. Keep this in mind: October 28, 1997 - The Dow Jones opened at 7161, hit a low of 6936, rallied to a high of 7553 to end the day at 7498. If we get the right news, this is the potential move we could get. The 6936 offers additional support as well. For More Technical Analysis - Go Here

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Nasdaq Analysis 3/02/09 March 2, 2009 - NAS

The following is Technical Analysis for the Nasdaq ( NAS ) for 3/1/09, 3/2/09

Nasdaq Support & Resistance Levels - March 2, 2009

Resistance Levels: 1400, 1438, 1500, 1526

Support Levels: 1315, 1295



The Nasdaq closed below support of around 1384-1387 and appears to be going down to test 1315 which is the 52 week closing low. Keep in mind, the Nasdaq has been making bounces back to the 10 day moving average( blue line ) and failing each time. The 10 day moving average is currently at 1438 but is tanking each day. I am waiting for a close over this level before I will hold the QLD overnight. The trends on all the major averages are broken so as a trader I have to respect that! Until they improve, I cannot hold long. For More Technical Analysis - Go Here

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Friday, February 27, 2009

Stock Market 2/28/09 Dow Jones Report

February 2009 has come and gone for the stock market. It was the worst February since 1933 as far as percentage losses. The Dow Jones fell from 8000.86 to 7062.93, down 11.72%

Here are some things I am watching for March of 2009:

  • Another auto bailout? General Motors GM and Chrysler have already received 17.4 billion in Federal Loans and are asking for an additional 21.6 Billion. President Barack Obama's auto task force is trying to restructure GM and Chrysler by March 31. If GM and Chrysler fail to make a convincing case, the administration could pull the loans and essentially force the companies into bankruptcy protection.

  • Jobs Report - Unemployment Rate - 3/6/09: Friday, March 6, 2009, the Government will release employment data. We could be looking at a record 700,000+ job losses in the month of February.

  • Where will the bottom be for the stock market? Who knows! The fact that we closed under 741 on the S&P 500 and below 7100 on the Dow Jones has me thinking things could get worse soon. The market wants to rally as we are very oversold but the steady flow of bad news keeps flooding the stock market. The crazy thing is the VIX has remained in the 40's through this whole down draft. You just don't see the panic like we had in late 2008. With the huge down move that we've seen since the beginning of 2008, I can't imagine the bottom will form easily. I'm still looking for that gigantic whoosh day where everyone throws in the towel. Also known as capitulation! When we get this, you could see a 30-40% move off the bottom.

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Dow Jones Close 2/27/09 - Stock Market Closing Prices

Stock Market Closing Prices - 2/27/09

Dow Jones Industrial Average ( DJIA ) Close - 7062.93 Down 119.15
Nasdaq Stock Market Close - 1377.84 Down 13.63
S&P 500 Close - 735.10 Down 17.73
http://dowjonesclose.com

Libor Rates - 2/27/09

Commodities Closing Prices - 2/27/09

Gold - 942.60
Oil - 44.35
Natural Gas - 4.21

The Dow Jones Industrial Average closed at 7063 on 2/27/09, as the stock market opened up at new 52 week lows ( except the Nasdaq ) and rebounded throughout the day before falling in the final hour of trading. The Dow Jones Futures opened up the day very weak as details of the Citigroup ( C ) merger with the Government surfaced. Citigroup stock was down 39% to $1.51 at 3pm. Bank Stocks were crushed after a great start to the week. Other problems in the stock market today were the GDP number and the General Electric ( GE ) dividend cut. Fourth Quarter GDP fell to -6.2%. Wall Street expected -5.4% so this loss was greater then expected.

The start of March will come in like a Lion next week as we get the following economic data: 3/2: Personal Income, Personal Spending - 3/3: Auto Sales - 3/4: Fed Beige Book, Crude Oil Inventories - 3/5: Initial Claims - 3/6: Non farm Payrolls ( February Jobs Number ) Unemployment Number, Consumer Credit.

Friday, March 6, 2009 will be a critical day as we get the highly anticipated jobs number. Expect some weakness going into this number and you can bet it will be a huge stock market mover! If you are a stock market fanatic and enjoy trading, i'd suggest calling in sick next Friday!

So where do we stand? We keep breaking new lows and this suggest to me a bottom is not near. Even if we hit the bottom we will test it several times so you will have plenty of time to get back in. I personally don't think a case for the bottom can be made until several months from now. At the end of March the automakers we be asking for more money, in the beginning of April we start to get 1st quarter earnings ( they will be horrible - everyone spent money for Christmas and stopped spending in 2009 ). These are just a few concerns that are ahead. OK, I will stop rambling and tell you that I will have full technical analysis of the stock market over the weekend - Right Here

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General Electric GE Dividend Cut 2/27/09 - Haynesville Shale

General Electric ( GE ) will cut their dividend from .31 cents per quarter to .10 cents per quarter starting in the 3rd quarter of 2009. GE hasn't officially announced this but David Faber of CNBC has announced this.

GE will save 9 billion dollars a year with this dividend cut as it will come down from $1.24 per year to $0.40 per year.

GE stock spiked to $9.00 on this news but has since tanked to around $8.60 per share. Right now the stock appears to be all over the place but the spike to $9 brought the Dow Jones back to even on the trading day.

In other General Electric news today, February 27, 2009, GE is getting into the Haynesville Shale:

Natural gas processor and transporter Regency Energy Partners LP on Friday said that it, along with Alinda Capital Partners LLC and an affiliate of GE Energy Financial Services, are forming a joint venture to finance and construct Regency's Haynesville expansion project.

Dallas-based Regency will contribute to the joint venture its Regency Intrastate Gas System in North Louisiana, valued at $400 million, in exchange for a 38 percent general partnership stake in the venture. GE Energy Financial Services and Alinda Capital Partners LLC will contribute to the joint venture $126.5 million and $526.5 million in cash for a 12 percent and a 50 percent stake, respectively.

The North Louisiana pipeline will transport gas from the Haynesville shale formation, one of the fastest growing U.S. natural gas fields, which stretches through parts of Texas, Oklahoma and Louisiana.

Being the founder of www.oilshalegas.com, I have done extensive research on all the energy shale plays in the USA and Canada. The haynesville shale, located in Louisiana and East Texas, has the potential to be the biggest natural gas field in America. If one day we convert our vehicles to compressed natural gas, the haynesville shale has enough gas to support this. The Marcellus Shale is up there as well!

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Hot Penny Stocks 2/27/09 February 27, 2009

Today, 2/27/09, there are a few penny stock gainers breaking out to the upside. Be sure to check out the Top 2009 Penny Stock Gainers on the NYSE, Nasdaq, and AMEX.

Penny Stock Gainers - February 27, 2009


Tarrant Apparel ( TAGS ) - $0.70 Up 89.19% - Tarrant Apparel Group Signs Merger Agreement.

ZI Corporation ( ZICA ) - $0.61 Up 56.46% - Nuance ( NUAN ) to Acquire Zi Corporation - A lot of penny stock companies getting bought out lately!

OpenTV ( OPTV ) - $1.22 Up 22% - Response From OpenTV Corp. Regarding Proposal by Kudelski SA

Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index

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Biggest Stock Gainers 2/27/09 February 27, 2009

Today, February 27, 2009, there are several stock gainers that are breaking out with some nice momentum. If you are looking to day trade today, you might want to check out the following stocks. Check out today's biggest gainers and the Top Stocks for 2009

Hot Stocks 2/27/09 - Biggest Gainers Today

Financial Bear 3X ( FAZ ) - 59.02 Up 9.38% - This stock fly on a daily basis when financial stocks get crushed. When FAS goes up, FAZ gets crushed. It resets on a daily basis so it is not a buy and hold. These are day trading vehicles!

Bare Escentuals ( BARE ) - $3.68 Up 27.88% - Bare Escentuals Q4 beats Street - Earnings appear to be really good.

Permian Basin Royalty Fund ( PBT ) - $9.40 Up 17% - Jim Cramer of CNBC Mad Money has issued a buy rating on this stock. Jim Cramer said to sell this one in the $15's last November but cites that the Stabilization in Oil prices make this a good buy.

Leap Wireless ( LEAP ) - $27.20 Up 9.20% - Leap Wireless 4Q loss widens on costs, Leap Wireless International's 4th-quarter loss widens on higher costs for new initiatives.

Hansen Natural ( HANS ) - $34.88 Up 12.75% - Hans reports great earnings before cerntain charges. The Monster energy drink line seems to still be doing well.

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Art Cashin CNBC 2/27/09 February 27, 2009

Art Cashin, floor trader with UBS, has come on CNBC today, February 27, 2009, and gave some comments on Citigroup and the overall stock market as we plunge to new lows in pre market.


Art Cashin CNBC comments 2/27/09


Art what happened today?


We will have to see what happens in the next 60 days, saw some signs of this yesterday with Sallie Mae SLM. The market is testing the lows this morning.



President Obama has a lot of political capital but he seems to using it up, the gallop poll has him lower then Bush in the first month of Presidency, its confusing.


Citigroup News:


Dilution, Citi avoided death, were aren't going to kill then but we will break both of their arms.
If we break 740 on the S&P 500 and this could be a very tough week coming up next week.


For all of Art's Comments, go here


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Baltic Dry Index Shipping Rates 2/27/09 BDI

The following is a report on Dry Bulk Shipping Rates for 2/27/09. This data is critical for how the DryBulk Shipping Stocks such as DryShips ( DRYS ), Excel Maritime Carriers ( EXM ), Diana Shipping ( DSX ), Genco Shipping ( GNX ), TBS International ( TBSI ), Navios Maritime ( NM ), and OceanFreight ( OCNF ) will trade during the day. As you probably know, the Dry Bulk Shipping index can tell you a lot about the state of the World Economy. When Bulk Shipping Rates are at all time highs, the World Economy is outstanding. When Bulk Shipping Rates are as low as they have been lately, it signifies that the world economy has come to a screeching halt!http://dryindex.com/

Dry Bulk Shipping Rates - February 27, 2009 - Up 1 Straight Day

Baltic Dry Index ( BDI ) - 1986 Up 36
Spot 4 - TC Average - 30079 Up 30
Baltic Cape Index ( BCI ) - 2963 Flat
Baltic Panamax Index ( BPI ) - 1542 Up 49
Supramax Index ( BSI ) - 1529 Up 55
Past Bulk Shipping Rates

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Bank Stocks 2/27/09 February 27, 2009

Today, 2/27/09, the bank stocks are tanking in pre market due to the Citigroup details that are coming out about the Government 40% stake.

Banking Stock Update - February 27, 2009 - Pre Market

Citigroup ( C ) - $1.50 Down 39.02% - Financial Stocks are tanking - new details on the Citigroup stake by the Government reveal that this company is toast and the Government has basically taken this bank over. Who will be next is the fear that is going through Wall Street this morning!

Bank of America ( BAC ) - $4.70 Down 11.45%
Financial Bull 3X ( FAS ) - $5.11 Down 12.50%
Barclays ( BCS ) - $5.28 Down 13.30%
Wells Fargo ( WFC ) - $13.10 Down 9.10%
Financial Bear 3X ( FAZ ) - $61.50 Up 12.84%

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Stock Market 2/27/09 - February 27, 2009

Today, 2/27/09, the Stock Market Futures are lower this morning as the financial stocks are tanking in pre market so far. Citigroup ( C ) is trading at $1.95 as we get additional details of the government 40% stake in the company. Below are some of the things I will be watching today.

Stock Market - Things to Watch - February 27, 2009

  • Financial Stocks are tanking - new details on the Citigroup stake by the Government reveal that this company is toast and the Government has basically taken this bank over.
  • FAZ rising, FAS tanking
  • GDP Figure Due out at 8:30am - Update: Down 6.2% Yikes!
  • Gold spiking back up after hitting support around the $925, 930 level - Gold is $953
  • Watching the key technical support levels for the markets... Dow 7105, S&P 500 741, Nasdaq 1384....in pre market, the Dow is testing 7000 and the S&P 500 is 731

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1 and 3 Month Libor Rates - 2/27/09 - Today's Libor Rates

It seems as though everyone is watching Libor rates these days. Today's Libor Rates for 2/27/09, are: 1 Month Libor Rate - 0.496% & 3 Month Libor Rate - 1.264%. The overnight Libor rate is 0.363%. As you can see, Libor Rates have changed today, February 27, 2009. Both the overnight and the 3 month Libor rates went up while the 1 month Libor Rate went down.

Here are Previous Libor rates. You can also compare Libor Rates to how the Dow Jones traded.

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Thursday, February 26, 2009

Dow Jones Futures 2/27/09 - Stock Market Futures

How will the stock market open on Friday - February 27, 2009? The Dow Jones and Stock Market Futures are pointing to a lower open for pre market. Check out technical analysis for Feb 27th.

Stock Market Futures 2/27/09 - Pre Market Trading - Updated 9:05am

Dow Jones Futures - Down 125
Nasdaq Futures - Down 14
S&P 500 Futures - Down 15.50
Oil Futures - $43.06
Gold Futures - $959
Nikkei - 7568 Up 110

Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index

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Dow Jones Analysis 2/27/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 2/27/09

Dow Jones Support & Resistance Levels - February 27, 2009

Resistance Levels: 7385, 7449, 7500, 7552

Support Levels: 7105, 7036, 7000



The Dow Jones closed near the lows today and could not manage to break back up through the 10 day moving average. This is a bearish sign...every rally has been met by sellers. Keep an eye on the support level of 7105 and the S&P 500 support level of 741. If these levels are broken, the current leg down will continue. There is additional support at 7036 and 7000 but then there isn't much buying support until 6300-6500. When we close back above the 10 day moving average things could turn around fast. For More Technical Analysis - Go Here

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Nasdaq Analysis 2/27/09 February 27, 2009

The following is Technical Analysis for the Nasdaq ( NAS ) for 2/27/09

Nasdaq Support & Resistance Levels - February 27, 2009

Resistance Levels: 1455, 1500, 1526

Support Levels: 1384-1387, 1315, 1295



The Nasdaq tested the 10 day moving average for the second straight day and was rejected. We are now in the process of retesting Monday's low of 1386.68 and if we break 1384, there isn't much buying support until around the 1315 area. Remember the huge move in November on the Timothy Geithner announcement? When this news broke, the Nasdaq reversed from the 1295 low all the way up to around 1390, exactly where we are right now. As soon as we close back over the 10 day moving average it could be safe to buy technology. Until then, watch 1384, 1315, and 1295. For More Technical Analysis - Go Here

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Dow Jones Close 2/26/09 - Stock Market Closing Prices

Stock Market Closing Prices - 2/26/09

Dow Jones Industrial Average ( DJIA ) Close - 7182.08 Down 88.81
Nasdaq Stock Market Close - 1391.47 Down 33.96
S&P 500 Close - 752.82 Down 12.08
http://dowjonesclose.com

Libor Rates - 2/26/09 - Up 3 straight days! Bearish sign!

Commodities Closing Prices - 2/26/09

Gold Close - 945.10
Oil Close - 45.04
Natural Gas Close - 4.10

The Dow Jones Industrial Average closed at 7182 on 2/26/09, as the stock market went on another roller coaster ride during the trading session. The day started with the Dow Jones Futures in positive territory due to a huge rise in the bank stocks early. The Dow Jones was up over 100 points at one point with the S&P 500 testing critical resistance of that 780 level. The Obama Tax Hike news started to sink in around noon as stocks retreated into negative territory. The Sallie Mae news was also viewed as Bearish. Once again, the Government is screwing with the stock market. Sallie Mae is now trashed! What is next? A Citigroup nationalization?

Anyway, details about the problem bank list were released in the afternoon as this started the steep decline we saw in the final hour. Most of the banking stocks that were up early rolled over hard. The Nasdaq was hit the hardest. The S&P 500 is now close to key support at 741, if that breaks, another leg down should follow.

Why were Gold Prices down today? I'd have to say it was a technical move down. Gold has had a huge run over the past month and given that bank stocks were very strong over the last few days, you are seeing some money rotating out of Gold. Don't worry, the money will come back into Gold soon.

Oil was up today on signs that the recent OPEC production cuts were taking effect. Oil closed over $45 per barrel but has come off the highs as the stock market plunged in the final hour. There is also rumors of additional cuts by OPEC in the coming months.

Today was an ugly day for stocks! But what do you expect? We are in a nasty bear market recession. Tomorrow could be another ugly day as well - I will post Futures tonight and also post full technical analysis of the Stock Market - Right Here

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Problem Bank list FDIC 2/26/09 February 26, 2009

Today, 2/26/09, the FDIC released a list of data on the problem banks in the USA. Below are some facts about the 4th quarter of 2008 regarding the banks. Keep in mind, the actual problem bank list is not published and is kept private to avoid a " run on the bank."


  • 252 Banking are on the problem bank list issued by the FDIC
  • Up 32% from 3rd Quarter where there were 171 Banks on the list
  • Banking Sector took record loss of 26.2 Billion in the 4th Quarter
  • 25 Banks failed in 2008
  • 14 Banks have already failed in 2009

The Stock Market has taken a dip on this news, the Dow Jones is trading around the 7286 closing low of 2002.

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Biggest Stock Gainers 2/26/09 February 26, 2009

Today, February 26, 2009, there are several stock gainers that are breaking out with some nice momentum. If you are looking to day trade today, you might want to check out the following stocks. Check out today's biggest gainers and the Top Stocks for 2009

Hot Stocks 2/26/09 - Biggest Gainers Today


Fifth Third Bancorp ( FITB ) - $2.40 Up 23.71% - Fifth Third to benefit from stress test. Fifth Third shares soar as analyst says bank will likely benefit from government's stress test.

DryShips ( DRYS ) - $4.36 Up 13.84% - DryShips Announces It Has Reached Final Agreement With Nordea Bank for a Covenant Waiver on the $800 Million Primelead Facility

Fluor ( FLR ) - $36.85 Up 11.84% - Fluor sees steady '09 after strong Q4 earnings, shares leap

Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index

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Baltic Dry Index Shipping Rates 2/26/09 BDI

The following is a report on Dry Bulk Shipping Rates for 2/26/09. This data is critical for how the DryBulk Shipping Stocks such as DryShips ( DRYS ), Excel Maritime Carriers ( EXM ), Diana Shipping ( DSX ), Genco Shipping ( GNX ), TBS International ( TBSI ), Navios Maritime ( NM ), and OceanFreight ( OCNF ) will trade during the day. As you probably know, the Dry Bulk Shipping index can tell you a lot about the state of the World Economy. When Bulk Shipping Rates are at all time highs, the World Economy is outstanding. When Bulk Shipping Rates are as low as they have been lately, it signifies that the world economy has come to a screeching halt!
http://dryindex.com/

Dry Bulk Shipping Rates - February 26, 2009 - Down 4 Straight Days

Baltic Dry Index ( BDI ) - 1950 Down 10
Spot 4 - TC Average - 30049 Down 1519
Baltic Cape Index ( BCI ) - 2963 Down 161
Baltic Panamax Index ( BPI ) - 1493 Up 23
Supramax Index ( BSI ) - 1474 Up 89
Past Bulk Shipping Rates

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Hot Penny Stocks 2/26/09 February 26, 2009

Today, 2/26/09, there are a few penny stock gainers breaking out to the upside. Be sure to check out the Top 2009 Penny Stock Gainers on the NYSE, Nasdaq, and AMEX.

Penny Stock Gainers - February 26, 2009


Axcelis ( ACLS ) - $0.35 Up 105.88% - Axcelis Technologies in Agreement to Sell Its Interest in Joint Venture SEN Corporation to Sumitomo Heavy Industries.

American International Group ( AIG ) - $0.58 Up 26% - China Life Takes Flyer On AIG Asia Unit


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Bank Stocks 2/26/09 February 26, 2009

Today, 2/26/09, the bank stocks are going up in pre market after two straght positive days for most banking stocks. Bank of America BAC has doubled since Friday.

Banking Stock Update - February 26, 2009 - Pre Market

AIG Group ( AIG ) - $0.63 Up 37% - AIG company could be split up

Lloyds Banking Group ( LYG ) - $4.10 Up 25.77% - Lloyds Banking In Talks With UK Government, No Terms Agreed Yet

ING ( ING ) - $5.11 Up 14.50% - ING Chief Says Share Price Doesn’t Reflect Company’s Strength

Citigroup ( C ) - $2.76 Up 9.52%
Bank of America ( BAC ) $5.65 Up 9.50%

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General Motors GM Earnings 2/26/09 - February 26, 2009

General Motors ( GM ) has come out with earnings today, February 26, 2009, and some of the details are listed below. In Pre market trading, GM's stock price is currently $2.36 Down 7.45%.

  • Revenue - $30 Billion
  • Loss of 5.90 Billion Ex items - this is much greater then the 4.5 Billion loss expected.
  • General Motors burned through 6.2 billion in cash during the quarter
  • GM lost 16.8 billion in 2008
  • GM now has 14 billion in cash on hand - getting really close to the 10-12 billion needed to stay alive.

"2008 was an extremely difficult year for the U.S. and global auto markets, especially the second half," Chairman and CEO Rick Wagoner said. "These conditions created a very challenging environment for GM and other automakers, and led us to take further aggressive and difficult measures to restructure our business.

"We expect these challenging conditions will continue through 2009, and so we are accelerating our restructuring actions. At the same time, we are continuing our commitment to exciting, fuel-efficient cars and trucks, and the leadership in advanced propulsion technology."

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1 and 3 Month Libor Rates - 2/26/09 - Today's Libor Rates

It seems as though everyone is watching Libor rates these days. Today's Libor Rates for 2/26/09, are: 1 Month Libor Rate - 0.497% & 3 Month Libor Rate - 1.261%. The overnight Libor rate is 0.284%. As you can see, Libor Rates have changed today, February 26, 2009. All three libor rates went up slightly today for the third straight day.
Here are Previous Libor rates. You can also compare Libor Rates to how the Dow Jones traded.

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Wednesday, February 25, 2009

Dow Jones Futures 2/26/09 - Stock Market Futures

How will the stock market open on Wednesday - February 26, 2009? The Dow Jones and Stock Market Futures are pointing to a higher open for pre market. On Feb 25th, the stock market tanked in the final hour so it appears we are getting some of those losses back. Check out technical analysis for Feb 26th.

Stock Market Futures 2/26/09 - Pre Market Trading

Dow Jones Futures - Up 62
Nasdaq Futures - Up 5
S&P 500 Futures - Up 8
Oil Futures - $43.33
Gold Futures - $945.90
Nikkei - 7458 Down 3

Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index

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Dow Jones Analysis 2/26/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 2/26/09

Dow Jones Support & Resistance Levels - February 26, 2009

Resistance Levels: 7449, 7500, 7552

Support Levels: 7106, 7036, 7000




The Dow Jones tested its 52 week low today at 7106 but stopped short bouncing at 7156. From a technical prospective, the Dow Jones has support at the 7106 level and a break below that will continue the leg down not to mention be very bearish. The next support level would be 7036 and 7000, but then there really isn't much resistance until 6300-6500. On the upside, continue to watch 7449, 7500, 7552, if we can get a close above these levels it will be a bullish sign and we could end up testing 8000 again. It's all about the banks right now. For More Technical Analysis - Go Here

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Nasdaq Analysis 2/26/09 February 26, 2009

The following is Technical Analysis for the Nasdaq ( NAS ) for 2/26/09

Nasdaq Support & Resistance Levels - February 26, 2009

Resistance Levels: 1467, 1500, 1526

Support Levels: 1384-1387




The Nasdaq tried to retest the 10 day moving average but failed late in the day. As of now, pullbacks under 1410 can be bought with a tight stop at 1400. If you are trading QLD, your stop would be at $23.50. The Nasdaq will continue to struggle as long as it is under the 10 day moving average ( 1468 ) and the 50 day moving average ( 1526 ). 1500 will also be a major resistance level. A break below 1400 and the recent low of 1386.68 would be retested. A break below this could send the Nasdaq down to 1315 quickly. For More Technical Analysis - Go Here

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Dow Jones Close 2/25/09 - Stock Market Closing Prices

Stock Market Closing Prices - 2/25/09

Dow Jones Industrial Average ( DJIA ) Close - 7270.89 Down 80.05
Nasdaq Stock Market Close - 1425.43 Down 16.40
S&P 500 Close - 764.89 Down 8.25
http://dowjonesclose.com

Libor Rates - 2/25/09

Commodities Closing Prices - 2/25/09

Gold Close - 945.20
Oil Close - 42.55
Natural Gas Close - 4.05

The Dow Jones Industrial Average closed at 7271 on 2/25/09, as the stock market was down big in the morning but roared back going into the final hour of trading. The Dow Jones Futures were down this morning and the bank stocks started the day strong, were weak, and then broke through their highs of the day going into the close. At 3pm, Bank of America ( BAC ) traded at $5.35 up 13% and Citigroup ( C ) was $2.79 Up 7.50%. The banking stock surge combined with Gold prices falling, caused the overall stock market to rally off the lows. Oil also spiked higher today on a bullish oil inventory number. It appears demand for gasoline is starting to increase and this is bullish for oil prices.

I personally think this rally is just a typical bear market rally, we haven't addressed anything new with the banking problem. We only had a few comments by our government hinting at anti nationalization of some banks. The losses aren't going away any time soon. No one really knows how good or bad the situation is. I continue to watch the S&P 500. Support is at 741 and if this level is broken the current leg down will get much worse. Having said that, rallies can last for a long time...it is very bullish that over the past two days, each major dip has been bought. With minutes to go until the close, the Dow Jones went from up 40 to down 75, a 115 point move in about 20 minutes. Obama is speaking about a banking plan lol. On no!! It's time for Government to stop talking and start taking action.

I will have full technical analysis of the stock market tonight - Right Here

Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index

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USO AAPL Visa Analysis 2/25/09 - February 25, 2009

I updated the following technical anlaysis stock charts at http://blackberrystocks.com/charts.html

Technical Analysis Updates: February 25, 2009

United States Oil Fund - USO
Visa - V
Apple - AAPL

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Hot Penny Stocks 2/25/09 February 25, 2009

Today, 2/25/09, there are a few penny stock gainers breaking out to the upside. Be sure to check out the Top 2009 Penny Stock Gainers on the NYSE, Nasdaq, and AMEX.

Penny Stock Gainers - February 25, 2009

General Growth Properties ( GGP ) - $0.57 Up 16.33% - General Growth Properties, Inc. Releases Fourth Quarter and Full-Year 2008 Operating Results.

Sify Technologies ( SIFY ) - $0.57 Up 16% - No news, light volume.

Golden Star Resources ( GSS ) - $1.66 Up 9% - GSS reports earnings after the bell. Gold Stocks are higher today given that gold prices are back up around $975 again.

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Check out the biggest stock gainers today.

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Biggest Stock Gainers 2/25/09 February 25, 2009

Today, February 25, 2009, there are several stock gainers that are breaking out with some nice momentum. If you are looking to day trade today, you might want to check out the following stocks. Check out today's biggest gainers and the Top Stocks for 2009.

Hot Stocks 2/25/09 - Biggest Gainers Today

CF Industries ( CF ) - $66.75 Up 20% - Agrium AGU offering $72 for CF and this is causing all the Ag stocks to fly such as Potash ( POT ) and Mosaic ( MOS ). CNBC's David Faber reporting this news.

Ford ( F ) - $2.12 Up 6% - Ford Executives Cut Own Pay 30% for 2 Years, UAW urged to OK Ford survival plan - It could set pattern for GM, Chrysler.

DineEquity ( DIN ) - $7.50 Up 27.12% - DineEquity posts surprise Q4 profit

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Baltic Dry Index Shipping Rates 2/25/09 BDI

The following is a report on Dry Bulk Shipping Rates for 2/25/09. This data is critical for how the DryBulk Shipping Stocks such as DryShips ( DRYS ), Excel Maritime Carriers ( EXM ), Diana Shipping ( DSX ), Genco Shipping ( GNX ), TBS International ( TBSI ), Navios Maritime ( NM ), and OceanFreight ( OCNF ) will trade during the day. As you probably know, the Dry Bulk Shipping index can tell you a lot about the state of the World Economy. When Bulk Shipping Rates are at all time highs, the World Economy is outstanding. When Bulk Shipping Rates are as low as they have been lately, it signifies that the world economy has come to a screeching halt!http://dryindex.com/

Dry Bulk Shipping Rates - February 25, 2009 - Down 3 Straight Days

Baltic Dry Index ( BDI ) - 1960 Down 50
Spot 4 - TC Average - 31568 Down 2716
Baltic Cape Index ( BCI ) - 3124 Down 238
Baltic Panamax Index ( BPI ) - 1470 Up 9
Supramax Index ( BSI ) - 1385 Up 38
Past Bulk Shipping Rates

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Bank Stocks 2/25/09 February 25, 2009

Today, 2/25/09, the bank stocks are going up in pre market after a major short squeeze yesterday. Barack Obama didn't give any banking details in his speech last night so these banks could be volatile today.

Banking Stock Update - February 25, 2009 - Pre Market

Citigroup ( C ) - $2.71 Up 4.21% - Citigroup May Sell Nikko Citigroup Unit in Japan, Mainichi Says

Bank of America ( BAC ) - $4.78 Up 1.08% - Ben Bernanke says Citigroup, Bank of America will survive.

American International Group ( AIG ) - $0.44 Up 7.32% - AIG in talks for third bail-out as insurer is braced for huge losses

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Stocks to Trade 2/25/09 February 25, 2009

The following is a list of stocks to watch/stocks to day trade today, 2/25/09. These stocks are going up or down based on news or earnings and they will most likely be volatile. This volatility provides day trading opportunities both long and short.

Stocks to Day Trade - February 25, 2009 - Pre Market

First Solar ( FSLR ) - $118.40 Down $13.58% - FSLR stock is breaking down in pre market today after the company provides weak guidance and the CEO says inventories will most likely build. That is not what you want to hear if you own this stock on a long basis. First Solar Slides; Calls Short Term Outlook Difficult

Financial Bear 3X ( FAZ ) - $57.41 Up 2.55% - FAZ is a stock to buy if you think the banking sector is going down. If you think financial stocks are going to rise, you buy FAS. These two stocks offer volatility that day traders dream of. Just don't be wrong with the direction!

Ultra Short Nasdaq 100 2x ( QID ) - $58.57 Up 1.58% - If you are bearish on the Nasdaq, buy QID, if you are bullish on the Nasdaq, buy QLD. These two stocks are very active and provide huge swings during the day.

Check out the links below for more day trading ideas.

Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index

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1 and 3 Month Libor Rates - 2/25/09 - Today's Libor Rates

It seems as though everyone is watching Libor rates these days. Today's Libor Rates for 2/25/09, are: 1 Month Libor Rate - 0.479% & 3 Month Libor Rate - 1.256%. The overnight Libor rate is 0.270%. As you can see, Libor Rates have changed today, February 24, 2009. All three libor rates went up slightly today.

Here are Previous Libor rates. You can also compare Libor Rates to how the Dow Jones traded.

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Tuesday, February 24, 2009

Dow Jones Futures 2/25/09 - Stock Market Futures

How will the stock market open on Wednesday - February 25, 2009? The Dow Jones and Stock Market Futures are pointing to a lower open for pre market. I think Wall Street is going to be disappointed in the Obama speech. It offered no new details. Check out technical analysis for Feb 25th.

Stock Market Futures 2/25/09 - Pre Market Trading

Dow Jones Futures - Down 71
Nasdaq Futures - Down 10.30
S&P 500 Futures - Down 7.30
Oil Futures - $40.39
Gold Futures - $959.90
Nikkei - 7461 Up 192

Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index

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Dow Jones Analysis 2/25/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 2/25/09

Dow Jones Support & Resistance Levels - February 25, 2009

Resistance Levels: 7449, 7500, 7601

Support Levels: 7105, 7036, 7000




The Dow Jones made a huge reversal today after making a new 52 week low yesterday at 7105.94. This level will now be major support and if broken, the Dow will test 7000 and below.Resistance: The Dow Jones will have some resistance between 7449 and 7500. Also the 10 day moving average is coming back into play at 7600....so closing above all three of these levels would be huge and if this plays out, the Dow could make a run toward 8000. I will get bullish when we start trending back above the 10 day moving average and bouncing off of it. For More Technical Analysis - Go Here

Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index

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Nasdaq Analysis 2/25/09 February 25, 2009

The following is Technical Analysis for the Nasdaq ( NAS ) for 2/25/09

Nasdaq Support & Resistance Levels - February 25, 2009

Resistance Levels: 1478, 1500, 1535

Support Levels: 1384-1387




The Nasdaq had a huge reversal off the lows today and appears to have put in a short term bottom with yesterdays low. The 1386.68 low is very significant because this was almost exactly the close on Nov 21st after hitting the 1295 low. There is major support now at 1384-1387 but if this area is broken, the Nasdaq will retest the 1295 lows. Resistance: Right now the Nasdaq will have resistance at the 10 day moving average ( 1478 ) and 1500 will be major resistance level as well....a close back above 1500 will get me bullish on technology once again! For More Technical Analysis - Go Here

Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index

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Dow Jones Close 2/24/09 - Stock Market Closing Prices

Stock Market Closing Prices - 2/24/09

Dow Jones Industrial Average ( DJIA ) Close - 7350.94 Up 236.16
Nasdaq Stock Market Close - 1441.83 Up 54.11
S&P 500 Close - 773.11 Up 29.78
http://dowjonesclose.com

Libor Rates - 2/24/09

Commodities Closing Prices - 2/24/09

Gold - 965.40
Oil - 39.94
Natural Gas - 4.23

The Dow Jones Industrial Average closed at 7351 on 2/24/09, as the stock market spiked higher as Ben Bernanke down-played nationalization of our banking system. The Dow Jones Futures started the day slightly higher and the stock market was up pretty much all day but when Ben Bernanke down-played bank nationalization at a congress hearing, the stock market ripped higher. Technically, we were very oversold so any touch of good news would cause a short squeeze and we got it today! All focus will be on Barack Obama tonight as he will address the nation on economy in a speech. This rally could have legs, we will have to see if there is follow through tomorrow. If your stock wasn't up today, you might want to think about what you own! I will have full technical analysis tonight - Right Here

Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index

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POT CHK GOOG Analysis 2/24/09 - February 24, 2009

I updated the following technical anlaysis stock charts at http://blackberrystocks.com/charts.html

Technical Analysis Updates: February 24, 2009

Google - GOOG
Chesapeake Energy - CHK
Citigroup - C
Potash - POT


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Stock Quotes 2/24/09 February 24, 2009 - Stock Prices

Below is a list of Stock Quotes/ Stock Prices for some of the most followed stocks on Wall Street. I watch these stocks daily for signs the stock market is ready to bounce. If these stocks start to turn around, the stock market will most likely turn around. This will then cause some of the more risky stocks to bounce as well.

Today is the calm before tonight's storm. President Barack Obama will give his first State of the Union Address and Wall Street will be listening for any signs of a plan or further action. The Stock Market could be a big mover tomorrow on what Obama says ( or doesn't say ) tonight.

Stock Prices - 2/24/09 - 10:30am Est

General Motors - GM - $1.90 Up .12
Ford - F - $1.82 Up .09

Wal Mart WMT - $48.84 Down .04
General Electric - GE - $8.52 Down .33

Citigroup - C - $2.15 Up .01
Bank of America - BAC - $3.96 Up .05
American Express - AXP - $11.56 Down .60
Walt Disney - DIS - $17.24 Up .27
Home Depot - HD - $19.92 Up 1.23

Google - GOOG - $335.81 Up $5.75
Apple - AAPL - $88.56 Up 1.61

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Hot Penny Stocks 2/24/09 February 24, 2009

Today, 2/24/09, there are a few penny stock gainers breaking out to the upside. Be sure to check out the Top 2009 Penny Stock Gainers on the NYSE, Nasdaq, and AMEX.

Penny Stock Gainers - February 24, 2009

General Growth Properties ( GGP ) - $0.43 Up 19.44% - General Growth Properties, Inc. Releases Fourth Quarter and Full-Year 2008 Operating Results

Fifth Third Bancorp ( FITB ) - $1.35 Up 8.85% - FITB continues to spike for the second straight day with the bank stocks.

Double Oil ETF ( DXO ) - $2.04 Up 6.63% - Oil rises this morning, DXO spikes


Check out my past Penny Stock posts
Check out the biggest stock gainers today.

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Baltic Dry Index Shipping Rates 2/24/09 BDI

The following is a report on Dry Bulk Shipping Rates for 2/24/09. This data is critical for how the DryBulk Shipping Stocks such as DryShips ( DRYS ), Excel Maritime Carriers ( EXM ), Diana Shipping ( DSX ), Genco Shipping ( GNX ), TBS International ( TBSI ), Navios Maritime ( NM ), and OceanFreight ( OCNF ) will trade during the day. As you probably know, the Dry Bulk Shipping index can tell you a lot about the state of the World Economy. When Bulk Shipping Rates are at all time highs, the World Economy is outstanding. When Bulk Shipping Rates are as low as they have been lately, it signifies that the world economy has come to a screeching halt!
http://dryindex.com/

Dry Bulk Shipping Rates - February 24, 2009 - Down 2 Straight Days

Baltic Dry Index ( BDI ) - 2010 Down 74
Spot 4 - TC Average - 34284 Down 3722
Baltic Cape Index ( BCI ) - 3362 Down 287
Baltic Panamax Index ( BPI ) - 1461 Down 5
Supramax Index ( BSI ) - 1347 Up 22
Past Bulk Shipping Rates

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Biggest Stock Gainers 2/24/09 February 24, 2009

Today, February 24, 2009, there are several stock gainers that are breaking out with some nice momentum. If you are looking to day trade today, you might want to check out the following stocks. Check out today's biggest gainers and the Top Stocks for 2009.

Hot Stocks 2/24/09 - Biggest Gainers Today


Rambus ( RMBS ) - $8.19 Up 22.24% - Court Grants Rambus Supplemental Damages in Hynix Case and Orders Negotiation of Compulsory License

Onyx Pharmaceuticals ( ONXX ) - $30.85 Up 10% - Onyx Pharma reports narrower than expected 4Q loss. Onyx revenue nearly doubles as Nexavar sales rise; results surpass analyst expectations.

Home Depot ( HD ) - $19.95 Up 6.63% - Home Depot Posts Loss, Expects Earnings Below Views.

Check out the biggest stock gainers today.

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Bank Stocks 2/24/09 February 24, 2009

Today, 2/24/09, the bank stocks are going up in pre market after a fair day yesterday and in hopes President Obama will say something positive tonight in the State of the Union Address.

Banking Stock Update - February 24, 2009 - Pre Market

JP Morgan - JPM - $20.70 Up 6.10 - J.P. Morgan cuts dividend to save $5 billion a year. Bank says first quarter 'solidly profitable,' outlook in line with estimates.

Bank of America - BAC - $4.15 Up 6.14% - Thain Ordered To Provide More Testimony To NY AG

Citigroup - C - $2.26 Up 5.61% - A 3rd Rescue Would Give U.S. 40% of Citigroup

Fifth Third Bancorp - FITB - $1.40 Up 12.90% - Fifth Third Bank Excels in Customer Satisfaction Survey of Largest U.S. Retail Banks

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1 and 3 Month Libor Rates - 2/24/09 - Today's Libor Rates

It seems as though everyone is watching Libor rates these days. Today's Libor Rates for 2/24/09, are: 1 Month Libor Rate - 0.477% & 3 Month Libor Rate - 1.250%. The overnight Libor rate is 0.266%. As you can see, Libor Rates have changed today, February 24, 2009. All three libor rates went up slightly today.

Here are Previous Libor rates. You can also compare Libor Rates to how the Dow Jones traded.

For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free

Monday, February 23, 2009

Dow Jones Futures 2/24/09 - Stock Market Futures

How will the stock market open on Tuesday - February 24, 2009? The Dow Jones and Stock Market Futures are pointing toward a Higher open for pre market. Check out technical analysis for Feb 24th.

Stock Market Futures 2/24/09 - Pre Market Trading - Updated 7:45am Est

Dow Jones Futures - Up 57
Nasdaq Futures - Up 10
S&P 500 Futures - Up 9
Oil Futures - $38.30
Gold Futures - $989.30
Nikkei - 7268 Down 108

Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index

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