Dow Jones Close 2/3/09 - Stock Market Closing Prices

Stock Market Closing Prices - 2/3/09

Dow Jones Industrial Average ( DJIA ) Close - 8078.36 Up 141.53
Nasdaq Stock Market Close - 1516.30 Up 21.87
S&P 500 Close - 838.50 Up 13.06
http://dowjonesclose.com

Libor Rates - 2/03/09

1 Month - 0.445%
3 Month - 1.234%

Commodities Closing Prices - 2/3/09

Gold - 900
Oil - 40.91
Natural Gas - 4.53

The Dow Jones Industrial Average closed at 8078 on 2/3/09, as the stock market went up today due to a weak dollar, a Tom Daschle resignation, Timothy Geithner comments, and the fact that technically, we were oversold. The Nasdaq shook off the San Disk news and built on yesterday's gains. The weak dollar was also good for the oil market as oil broke out of a tight range and went through $41 in afternoon trading. This something to watch closely. I personally like to own the USO when I think oil prices are headed higher and I have a nice position in that stock right now. I will be watching the oil supply report out tomorrow to see if oil supplies increased from last week. Any better then expected oil data could really make oil prices spike higher. Timothy Geithner is out stating that when dealing with the current banking crisis, he will be keeping Japan's mistakes in mind. This could be the main reason stocks are surging this afternoon.

Auto Sales - February 3, 2009

The US auto makers reported horrible auto sales today. General Motors ( GM ) January sales were down 50.8% and Ford's ( F ) sales were down 42.5%. Despite the horrible numbers, these two stocks barely moved. The bad news finally appears to be priced in. Toyota sales were down 34.4% and Chrysler sales were down 56.5%

DryShips ( DRYS ) was up 25% today but has fallen 50% in the past week due to their debt. I only like DRYS over $10 because it shows strength in the prospects and fundamentals of the company. An under $10 share price raises many red flags, especially with Baltic Shipping Rates this low.

The Dow Jones is now over 8000 and the Nasdaq is over 1500, these are two levels I like to see. What I would like even more is to see the Dow get back over 8500. I will have full technical analysis on the stock market tonight - Right Here

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Biggest Stock Gainers 2/3/09 - February 3, 2009

Today, February 3, 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 2/3/09 - Biggest Gainers Today

InterMune ( ITMN ) - $16.44 Up 38.50% - ITMN is up big on drug data news - InterMune Reports Results of Two Phase 3 CAPACITY Studies of Pirfenidone in IPF.

DryShips ( DRYS ) - $6.40 Up 31% - DryShips Reaches Preliminary Agreement for Covenant Waiver and Deferral of Loan Installments With Piraeus Bank.

OSI Pharmaceticals ( OSIP ) - $41.13 Up 13.08% - Phase III Study Showed Tarceva in Combination with Avastin as First-Line Maintenance Therapy Improved Progression-Free Survival in Advanced Lung Cancer.

Check out the biggest stock gainers today.

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

It seems as though everyone is watching Libor rates these days. Today's Libor Rates for 2/3/09, are: 1 Month Libor Rate - 0.445% & 3 Month Libor Rate - 1.234%. The overnight Libor rate is 0.331%. As you can see, Libor Rates have changed today, February 3, 2009. All three Libor Rates jumped higher today.
Here are Previous Libor rates. You can also compare Libor Rates to how the Dow Jones traded.
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Dow Jones Futures 2/3/09 - Stock Market Futures

How will the stock market open on Tuesday - February 3, 2009? The Dow Jones and Stock Market Futures are pointing toward a lower open for pre market trading.

Stock Market Futures 2/3/09 - Pre Market

Dow Jones Futures - Down 28
Nasdaq Futures - Down 5
S&P 500 Futures - Down 2

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Dow Jones Analysis 2/3/09 - Stock Market Analysis

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

Dow Jones Support & Resistance Levels - February 3, 2009

Resistance Levels: 8000, 8113, 8400, 8500, 8765

Support Levels: 7900, 7867, 7774

http://stockcharts.com - Chart

The Dow Jones broke below 7900 today before snapping back into the close. We haven't been below 7900 since Mid November of 2008. The down trend looks to be continuing and the next support level after 7900 is the Hogan Bottom low of 7773.71. Rallies back above the 10 day moving average should be sold unless we close back over 8400 which would be a reversal signal. A close above 8500 would be really positive but I don't see that happening for a little while. The new trading range could very well be between 7500-8000. For More Technical Analysis - Go Here

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Nasdaq Analysis 2/03/09 February 3, 2009

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

Nasdaq Support & Resistance Levels - February 3, 2009

Resistance Levels: 1495, 1517, 1600, 1665

Support Levels: 1434, 1400

http://stockcharts.com/ - Chart

The Nasdaq was strong today and closed back over its 10 day moving average. This is a bullish signal despite other averages being weak such as the Dow Jones. I think the Nasdaq could really take off when it closes back over the 50 day moving average for a few days without going back under it. RIMM , GOOG, AAPL are leading the gains after reporting strong earnings. Tech could be the leading sector when we come out of this recession. The Nasdaq will really explode when you get a close over 1665.63 but this may not come until summer or fall. 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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