Stock Market 3/14/09 Dow Jones Report

The Stock Market was up big this week with financials leading the charge. The Dow Jones, Nasdaq, and S&P 500 were up four straight days starting on Tuesday. Check out my technical analysis for Monday. As you can see, we are approaching major resistance areas near the 50 day moving average.

Stock Market Report - March 14, 2009

Next week will be an interesting week as we see if these recent stock market gains can hold. Sunday night Ben Bernanke will kick things off with an appearance on 60 minutes. He will follow things up with a Fed meeting on 3/17 & 3/18.

General Motors ( GM ) - So GM stock rallied big this week going from about $1.55 to $2.85, closing at $2.72. General Motors told the Government they will not need the 2 billion in March as their cost cutting measures working. However, they will still need to huge loan to get by and it could be as much as 14.6 billion.

GM, struggling to avoid bankruptcy amid a global sales slump, has been surviving on the federal loan it won in late December. The administration's auto task force faces a March 31 deadline to decide whether to give GM and Chrysler additional loans.

GM News afterhours 3/13/09 - GM stock down 12% tonight as they try to get Europe to bail them out. GM, which is on the verge of bankruptcy and bailed out by the U.S. government, is seeking for a 3.3-billion-euro bailout for Opel, GM Europe's major part, from European governments while looking for buyers. Also, GM Recalls 277,000 Vehicles For Gear Problem.


TALF - What is Talf? Next week, the deadline for the first wave a TALF will close. The Fed announced it was extending TALF by two business days. This announcement extends the deadline for recording TALF loans until the close of business on March 19. The settlement/disbursement date remains March 25 for this first wave of TALF lending. The TALF seems to be the lone Government program that might actually work!


Stock Watch 3/16/09 - These stocks were hot on Friday, keep them on your stock watchlists for Monday.

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

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