Baltic Dry Index Shipping Rates - 1/19/09 BDI

The following is a report on Dry Bulk Shipping Rates for 1/19/09. 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 - January 19, 2009

Baltic Dry Index ( BDI ) - 868 Down 13
Spot 4 - TC Average - 13744 Down 636
Baltic Cape Index ( BCI ) - 1709 Down 51
Baltic Panamax Index ( BPI ) - 492 Down 4
Baltic Supramax Index ( BSI ) - 424 Up 6
Past Bulk Shipping Rates

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1 and 3 Month Libor Rates - 1/19/09 - Today's Libor Rates

It seems as though everyone is watching Libor rates these days. Today's Libor Rates for 1/19/09, are: 1 Month Libor Rate - 0.355% & 3 Month Libor Rate - 1.133%. The overnight Libor rate is 0.136%. As you can see, Libor Rates have changed today, January 19, 2009. Both the 1 & 3 Month Libor Rates went down while the Overnight Libor Rate stayed the same. Here are Previous Libor rates. You can also compare Libor Rates to how the Dow Jones traded.

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Dow Jones Analysis 1/20/09 - Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 1/19/09, 1/20/09

Dow Jones Support & Resistance Levels - January 20, 2009

Resistance Levels: 8350, 8500, 8765
Support Levels: 8150, 8000, 7965

http://stockcharts.com - Chart

The Dow Jones bounced off 8000 again last week with heavy volume...this is a positive signal but we are still below the last major support level of 8500 and below both the 10 and 50 day moving averages. What is more concerning is that you can see the 10 day moving ( blue line ) average getting ready to dip below the 50 ( red line ) again. This set up is never what you want to see if you are taking long positions. For prices to move higher, you always want to see the 10 day above the 50 day. If the Dow Jones gets back to the 8500 level which is now resistance, traders will probably be starting to sell. 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 1/20/09 January 20, 2009

The following is Technical Analysis for the Nasdaq ( NAS ) for 1/19/09, 1/20/09

Nasdaq Support & Resistance Levels - January 20, 2009

Resistance Levels: 1534, 1568.41, 1600
Support Levels: 1500, 1456

http://stockcharts.com - Chart

After hitting a low of 1456, the Nasdaq is back over the key support level of 1500. While I remain bullish on the Nasdaq over 1500, it is trading below both key moving averages that I follow, the 10 and 50 day moving averages. As long as this is the case, traders are more inclined to sell when these levels are hit, rather then to hold long positions. The previous uptrend has been broken and it appears that a head and shoulders pattern is forming which would be a bearish set up. Next week I will be watching to see if we can close over both moving averages but if we would get back into the 1600's I will be buying QID

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Stock Market Hours 1/19/09 January 19, 2009

The Stock Market, which includes the Dow Jones, Nasdaq, S&P 500, and the Bond Market, will be closed on 1/19/09 for the Martin Luther King Jr. Day Holiday. The Stock Market will resume trading at 8am on January 20th, 2009. We know you love the Stock Market, so why not check out upcoming Earnings, Top 2009 Stock Gainers, or the Top 2009 Penny Stock Gainers.

Also, check out Technical Analysis of the Stock Market for Tuesday.

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