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Thursday, July 2, 2009

Mortgage Rates Today 7/3/09 July 3, 2009

Housing Bottom? One of the things I watch for regarding a possible housing bottom are daily mortgage rates. Below is list of Today's Mortgage Rates out of Wells Fargo.

Loan Type - Interest Rate - APR - 7/3/09

30-Year Fixed 5.125% 5.318%
30-Year Fixed FHA 5.500% 6.245%
15-Year Fixed 4.750% 5.078%
5-Year ARM 4.375% 4.238%
5-Year ARM FHA 4.375% 3.722%
40-Year Fixed - N/A

Jumbo Loan Rates - APR - 7/03/09

30-Year Fixed 6.375% 6.525%
5-Year ARM 5.125% 4.468%

For Previous Mortgage Rates - Click Here

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Dow Jones Analysis 7/6/09 Stock Market Analysis

Dow Jones Chart - The following is Technical Analysis for the Dow Jones ( DJIA ) for 7/6/09

Dow Jones Industrial Average ($DJI) Support & Resistance Levels - July 6, 2009

Resistance Levels: 8600, 8700

Support Levels: 8250, 8200

The Dow Jones broke back below all three major moving average today and formed the right shoulder of a head and shoulders pattern. The neckline is 8200 intraday and 8250 on a closing basis. If the Dow breaks any of these two points, I feel we will go down to atleast retest 8000. All rallies back above 8500 should now be sold. Keep an eye on this situation next week! For More Technical Analysis - Go Here

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Dow Jones Close 7/2/09 - Stock Market Closing Prices

Stock Market Closing Prices - 7/2/09

Dow Jones Industrial Average ( DJIA ) Close - 8280.74 Down 223.32
Nasdaq Stock Market Close - 1796.52 Down 49.20
S&P 500 Close - 896.46 Down 26.87

Libor Rates - 7/2/09 - Mortgage Rates

Commodities Closing Prices - 7/2/09

Gold - 930.40
Oil - 66.70
Natural Gas - 3.64

Discuss Stocks -

The Dow Jones Industrial Average closed at 8281 on 7/2/09, as the stock market tanked on a worse then expected jobs report. The Dow Jones Futures started the morning down about 50 but then went down to around 110 after the report was released. Investors looking for more green shoots saw dying weeds. Wall Street was looking for around 330-350,000 jobs to be lost in June but got a reading of 467,000 lost. The Dow Jones and S&P 500 are now testing their respective necklines of the head and shoulders formation. Be careful out there! While the volume remains light, I consider today's volume heavy to the downside especially given that this is the last trading day before a holiday weekend. The stock market will be close on Friday. I want to wait to see how Monday-Wednesday plays out before I start to play the stock market from the short side. If the Dow closes below 8250, I will look to start buying again around 8000-8050. Check out some of the events I will be watching for Monday.

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

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

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Stocks to Buy July 6, 2009 7/6/09

Thursday, during regular trading hours, there were many stocks that continued to break out to the upside. Below is a list of stocks that are worth watching for July 6, 2009. Also, check out the Biggest Stock Gainers of the Day. You can also find previous stocks to buy reports - Right Here

Discuss Stocks -

Stocks to Watch - 7/6/09 - Stock Market Ideas

Direxion Daily Financial Bear 3X Shares (FAZ)
Daily Finan. Bull 3X Shs(ETF)(FAS) - FAS broke down through $8.60 support on Thursday and bounced off $8.50. I know I said I was looking to buy today around this area but given that the markets are tanking and the head and shoulders pattern is forming, I will wait until next week to buy. I would love to buy FAS near $8 again for both a daytrade as well as a swing trade. I will be keeping my eye on this situation next week. The easy money on FAZ has probably been made when FAS closed below $9.20 on Wednesday. Now buying FAZ is much more risky.

Citigroup Inc (C:NYSE) - Citigroup stock broke $2.90 and is testing $2.85 now. This is rather sad because Citigroup has basically fallen 20% with no bounce. If Citi closes below $2.85, look to see what happens with $2.61. Citigroup will be reporting earnings July 17th.

American Intl Group, Inc. (AIG) - Shares of AIG stock are rebounding after getting crushed on the reverse split that took place on July 1st. Resistance is $23.20 which would be break even on the $1.16 close before the split. Support in the mid $17's has been solid, if you see AIG break $17, you might want to rethink your long position. Keep American International Group, Inc. on your radar!

Ford Motor Company (F) - Ford stock was money on Thursday, trading up in a horrible market. When the market starts to go up again, F stock will be a leader. I continue to watch the $6.54 resistance level. Check out my Ford Technical Analysis

Hemispherx Biopharma, Inc. (HEB) - Investors and traders continue to wait for the FDA decision on their CFS drug, Ampligen. The long delay is starting to get old! Management remains silent.

Cell Therapeutics, Inc. (CTIC) - Shares of CTIC were down with the overall market on Thursday. I guess as long as $1.50 holds, i'd be comfortable buying the dip here. Each major dips over the past two months on CTIC has been bought heavily. I will have technical analysis over the on Friday.

Spectrum Pharmaceuticals, Inc. (SPPI) - Waiting for an FDA Approval decision. Keep an eye on this stock for the news to be released on Friday or Monday, July 6th.

Buy the Dip - Below is a list of stocks I would be buying on any strong pullback.

Visa Inc. (NYSE: V)
MasterCard (MA)
Apple (AAPL)
Palm, Inc. (PALM)
Research In Motion Ltd. (RIMM)
Ford Motor Co. (F)
First Solar (FSLR)
McDonald's Corporation (MCD)
Continental Resources Inc. (CLR)
Hess Corp ( HES )
Freeport-McMoRan Copper & Gold Inc. (FCX)
Pyramid Oil Company ( PDO )
Fuqi International, Inc. (FUQI)
AgFeed Industries ( FEED )
Fuel Systems Solutions, Inc. (FSYS)
Huntington Bancshares Inc. (HBAN)

Other Stocks to Watch - July 6, 2009

Matrixx Initiatives Inc. (MTXX)
Avanir Pharmaceuticals (AVNR)
Elan Corp. plc (ELN)
Evergreen Solar Inc. (ESLR)
Direxion Daily Small Cap Bear 3X Shares (TZA)
Direxion Daily Energy Bear 3X Shares (ERY)
Pacer International Inc. (PACR)
UltraShort Real Estate ProShares (SRS)

Penny Stocks to Watch - 7/6/09

Gastar Exploration, Ltd. (GST)
NaviSite Inc. (NAVI)

BOS Better On-Line Solutions Ltd. (BOSC)
Guaranty Financial Group Inc. (GFG)
Beacon Power Corporation (BCON)
Energy XXI (Bermuda) Limited (EXXI)
Arotech Corp. (ARTX)
Mesa Air Group Inc. (MESA)

OTC & Pink Sheets Stocks to Watch - 7/6/09

Discuss these at

Compliance Systems Corp. (COPI.OB)
Nephros Inc. (NEPH.OB)
Natural Nutrition, Inc. (NTNI.PK)
Xynergy Holdings, Inc. (XYNH.PK)
eDOORWAYS Corporation (EDWY.PK)
Celsius Holdings, Inc. (CSUH.OB)
Nortel Networks Corp. (NRTLQ.PK)
Valuesetters Inc. (VSTR.PK)
SpongeTech Delivery Systems, Inc. (SPNG.OB)

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

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Head and Shoulders Formation Patterns - Examples

I have been saying for about two weeks now that the stock market is vulnerable to a swift downside move due to a technical trading pattern called a Head & Shoulders Formation Pattern.

What is a Head and Shoulders Formation Pattern?

Check out my chart for a diagram above. Basically a head and shoulders pattern is a move higher, a sell off ( left shoulder), a spike even higher making new highs, a big sell off ( the head ), a return up to the level of the left shoulder, and then a break down ( right shoulder ).

The Dow Jones and S&P 500 are forming head and shoulders on their respective charts. This is something to keep an eye on if you are investing or actively trading the stock market right now.Head and Shoulders are bearish if they are formed and the stock or average breaks down.

Here are examples of two charts I drew up for you to see:

While head and shoulder patterns signify a trend reversal to the downside....a reverse head and shoulder formation is very bullish and signifies a trend reversal to the upside.
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Biggest Stock Gainers 7/2/09 July 2, 2009

Today, July 2, 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. You can find my Past, Current, and Future Stock Gainers Report Right Here

Top Stocks 7/2/09 - Biggest Gainers Today

Discuss Stocks -

XTENT, Inc. (XTNT) - $1.05 Up 26.51% - No News, forgot this in my penny report

Elan Corp. plc (ELN) - $8.02 Up 14.57% - J&J buys $1 billion Elan stake, gains Alzheimer's R&D

Evergreen Solar Inc. (ESLR) - $2.41 Up 12.09% - Upgraded

Pacer International Inc. (PACR) - $2.63 Up 10.97% - Pacer Enters First Amendment and Waiver to Its Credit Agreement

Direxion Daily Small Cap Bear 3X Shares (TZA) - $23.55 Up 9.34% - Stock Market getting hammered

Avanir Pharmaceuticals (AVNR) - $2.06 Up 11.96% - No News

Energy Conversion Devices, Inc. (ENER) - $15.40 Up 7.54% - JP Morgan initiates coverage

Direxion Daily Energy Bear 3X Shares (ERY) - $23.92 Up 7.96% - Stock Market getting hammered

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

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Hot Penny Stocks 7/2/09 July 2, 2009

Today, 7/2/09, 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. We list OTC and Pink Sheets stock gainers below. You can find ALL Penny Stock Reports Here

Penny Stock Gainers - July 2, 2009

Discuss Stocks -

Gastar Exploration, Ltd. (GST) - $0.50 Up 30.23% - Gastar Exploration Announces Sale of Australian Assets for $240 Million

Beacon Power Corporation (BCON) - $0.88 Up 11.53% - no News, BCON just exploded higher though

Mesa Air Group Inc. (MESA) - $0.19 Up 25.33% - Appeals court prevents Delta from ending contract

NaviSite Inc. (NAVI) - $1.47 Up 9.70% - No News

BOS Better On-Line Solutions Ltd. (BOSC) - $0.44 Up 10% - No News

deCODE genetics Inc. (DCGN) - $0.61 Up 10.55% - deCODE-led Megastudy Finds New Genetic Clues to Causes of Schizophrenia

OTC - Pink Sheets Stock Gainers - July 2, 2009

Natural Nutrition, Inc. (NTNI.PK) - $0.05 Up 350% - No News

NOVO ENERGIES CORP (NVNC.OB) - $1.17 Up 15.00% - Novo Energies Corporation Announces Formation of WTL (Waste to Liquid) Renewable Energy, Inc., a Wholly-Owned Subsidiary.

Nephros Inc. (NEPH.OB) - $1.51 Up 47.06% - Nephros Receives 510k Approval for Dual Stage Ultrafilters

ICP SOLAR TECHNOLOGS (ICPR.OB) - $0.15 Up 25% - ICP Solar Secures Licensing Agreement with Energizer

eDOORWAYS Corporation (EDWY.PK) - $0.023 Up 74.24% - eDOORWAYS to Allow Shareholders a "Live Walk-Through" of the SOLVE Doorway

Xynergy Holdings, Inc. (XYNH.PK) - $0.015 Up 35.14% - Xynergy Holdings Set to Apply to U.S. Dept of Energy for Financial Award

Celsius Holdings, Inc. (CSUH.OB) - $0.28 Up 16.67% - No News

Tradeshow Marketing Company Ltd. (TSHO.PK) - $0.10 Up 16.84% - No News

ASSOC FIRST CAP CORP (ASFZ.PK) - $0.003 Up 500% - No News

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

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Baltic Dry Index Shipping Rates 7/2/09 BDI

The BDI data is critical for how the DryBulk Shipping Stocks such as DryShips Inc ( DRYS ), Excel Maritime Carriers Ltd( EXM ), Diana Shipping Inc ( DSX ), Genco Shipping & Trading Limited ( GNK ), TBS International Limited ( TBSI ), Navios Maritime ( NM ), Eagle Bulk Shipping Inc. ( EGLE ), Paragon Shipping Inc. ( PRGN ), Star Bulk Carriers Corp. ( SBLK ), and OceanFreight Inc ( 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! - Discuss Stocks -

Dry Bulk Shipping Rates - July 2, 2009 - BDI Down 2 Straight Days

Baltic Dry Index ( BDI ) - 3672 Down 70
Baltic Cape Index ( BCI ) - 6848 Down 274
Panamax Index ( BPI ) - 3059 Up 75
Supramax Index ( BSI ) - 1709 Up 6
Past Bulk Shipping

Discuss the Baltic Dry Index - Click Here

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June Jobs Report - July 2, 2009 7/2/09

At 8:30am EST today ( 7/2/09 ) we will be getting the June 2009 employment data and unemployment rate. We will also be getting last weeks initial claims data. As soon as the news hits, I will be updating this blog post with the jobs data.

June 2009 Employment Report - July 2, 2009

Jobs Numbers: -467,000

Unemployment Rate: 9.5%

Initial Claims: 614,000

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1 and 3 Month Libor Rates - 7/2/09 - Today's Libor Rates

It seems as though everyone is watching Libor rates these days. Today's Libor Rates for 7/2/09, are: 1 Month Libor Rate - 0.304%. & 3 Month Libor Rate - 0.578%. The overnight Libor rate is 0.268%. As you can see, Libor Rates have changed today, July 2, 2009. The Overnight Libor Rates stayed the same while the 1 & 3 month Libor Rates fell.

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

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