Dow Jones Close 5/12/09 - Stock Market Closing Prices

Stock Market Closing Prices - 5/12/09

Dow Jones Industrial Average ( DJIA ) Close - 8469.11 Up 50.34
Nasdaq Stock Market Close - 1715.92 Down 15.32
S&P 500 Close - 908.35 Down 0.89
http://dowjonesclose.com/

Libor Rates - 5/12/09 - Mortgage Rates

Commodities Closing Prices - 5/12/09

Gold - 923.50
Oil - 58.78
Natural Gas - 4.48

Discuss Stocks - www.stockstobuy.org

The Dow Jones Industrial Average closed at 8469 on 5/12/09, as the stock market was very volatile today. The Dow Jones Futures were up in pre market but the major averages were down most of the trading day. At 2pm, the buyers stepped in and stocks began to rise off their lows. Two companies came out with stock offerings today which could have been the cause for the early morning slide. These companies were Ford ( F ) and Anadarko Petroleum Corporation ( APC ). From a technical point of view, the S&P 500 tested and closed over 900 today. This is a very bullish signal.

Two good long term stocks that broke out today were:

Potash Corp./Saskatchewan (USA) ( POT ) - Potash has not been above $100 since Mid October 2008 when the stock market was falling off a cliff. Today, POT broke through $100 like a hot knife through butter. As Jim Rodgers would say, we are going back to our roots and farming will again be king again. I like Potash on dips.

Ctrip.com International, Ltd. (ADR) ( CTRP ) - Another stock Jim Rodgers likes which I stumbled upon a year ago in his book - A Bull in China, is CTRP. CTRP reported better then expected earnings today. A close over $40.88 would set up a run back to $50. Buy on dips.

Check out my stocks to watch report for Wednesday. I will also have technical analysis of the stock market tonight - Right Here

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