Stock Market Closing Prices - 2/4/09
Dow Jones Industrial Average ( DJIA ) Close - 7956.66 Down 121.70
Nasdaq Stock Market Close - 1515.05 Down 1.25
S&P 500 Close - 832.21 Down 6.30
http://dowjonesclose.com
Libor Rates - 2/4/09
1 Month - 0.445%
3 Month - 1.236%
Commodities Closing Prices - 2/4/09
Gold - 907.60
Oil - 40.42
Natural Gas - 4.62
The Dow Jones Industrial Average closed at 7956 on 2/4/09, as the stock market dropped on more banking fears. The Dow Jones Futures started the day down, but when stocks opened today, they opened higher. The Nasdaq was up 27 at one point but then Barack Obama came out and put a cap on executive pay for companies taking Tarp money. Bank of America ( BAC ) then dropped under $5 hitting a fresh 52 week low.
The main problems continue to exist in the stock market, earnings estimates keep dropping, and the second TARP program does not seem to address to main banking problem; Toxic Assets.
Tonight we get earnings out of Cisco Systems ( CSCO ). This could be a huge market mover for tomorrow as far as the Nasdaq goes.
The Dow continues to bounce around the 8000 support level. I will have full technical analysis of the stock market tonight, Right Here
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index
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Showing posts with label 2/04/09. Show all posts
Showing posts with label 2/04/09. Show all posts
Wednesday, February 4, 2009
Art Cashin CNBC Comments 2/4/09
Art Cashin, a floor trader on the NYSE for UBS, came on CNBC this afternoon and made some comments on falling stock market.
What do you see Art?
Late day rumors....Bank of America ( BAC ) falling below $5 isn't good. If you recall, when Citigroup ( C ) fell below $5, some Mutual Funds couldn't hold it, this could be the case with BAC, we'll have to see.
The stock market could get worse, this reversal today has given the bears the initiative for the next few days unless the bulls can rally the market in the last hour today.
For all of Art's Comments, go here
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
What do you see Art?
Late day rumors....Bank of America ( BAC ) falling below $5 isn't good. If you recall, when Citigroup ( C ) fell below $5, some Mutual Funds couldn't hold it, this could be the case with BAC, we'll have to see.
The stock market could get worse, this reversal today has given the bears the initiative for the next few days unless the bulls can rally the market in the last hour today.
For all of Art's Comments, go here
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Bank of America ( BAC ) Falls 2/4/09
Bank of America ( BAC ) is falling under $5 today, making a fresh 52 week low today, February 4, 2009.
Citigroup ( C ) as well as most of the other bank stocks are trading up so this is something to watch.
President Obama is out saying he will cap executive pay to 500,000 for any company asking for tarp money.
The stock market is falling with BAC, so this is something worth watching.
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Citigroup ( C ) as well as most of the other bank stocks are trading up so this is something to watch.
President Obama is out saying he will cap executive pay to 500,000 for any company asking for tarp money.
The stock market is falling with BAC, so this is something worth watching.
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Hot Penny Stocks 2/4/09 February 4, 2009
Today, 2/4/09, 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.
Penny Stock Gainers - February 4, 2009
Nova Chemicals ( NCX ) - $1.85 Up 74.67% - NCX is running after being oversold this week. Fitch lowered their rating as well.
CytRx ( CYTR ) - $0.39 Up 30.00% - CYTR is breaking out of a huge base and will be presenting at a conference next week.
Check out the biggest stock gainers today.
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Penny Stock Gainers - February 4, 2009
Nova Chemicals ( NCX ) - $1.85 Up 74.67% - NCX is running after being oversold this week. Fitch lowered their rating as well.
CytRx ( CYTR ) - $0.39 Up 30.00% - CYTR is breaking out of a huge base and will be presenting at a conference next week.
Check out the biggest stock gainers today.
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Biggest Stock Gainers 2/4/09 - February 4, 2009
Today, February 4, 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 2/4/09 - Biggest Gainers Today
GT Solar ( SOLR ) - $4.40 Up 31.02% - GT Solar swings to 3Q profit as sales skyrocket
Jones Lang Lasalle ( JLL ) - $27.51 Up 20.55% - JLL reports better then expected earnings
Eagle Bulk Shipping ( EGLE ) - $6.85 Up 25% - Bulk Shipping Rates are exploding higher and EGLE, DRYS, TBSI, DSX are all benefitting.
Check out the biggest stock gainers today.
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Check out today's biggest gainers and the Top Stocks for 2009.
Hot Stocks 2/4/09 - Biggest Gainers Today
GT Solar ( SOLR ) - $4.40 Up 31.02% - GT Solar swings to 3Q profit as sales skyrocket
Jones Lang Lasalle ( JLL ) - $27.51 Up 20.55% - JLL reports better then expected earnings
Eagle Bulk Shipping ( EGLE ) - $6.85 Up 25% - Bulk Shipping Rates are exploding higher and EGLE, DRYS, TBSI, DSX are all benefitting.
Check out the biggest stock gainers today.
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Stock Market Report February 4, 2009 2/4/09
Today 2/4/09, the stock market futures are bouncing due to the ADP employment report released at 8:15am. The ADP report showed a loss of 522,000 jobs in the private sector. This news is actually better then expected and you might see stocks rally today. The big number comes on Friday, Feb 6th, as the Government will release the real employment report. This employment report will include the unemployment rate and how many jobs the US lost in January. I will also be looking to see if they revise down the December report since Wall Street did not seem to believe the data.
I will be watching key technical levels today on both the Nasdaq and Dow Jones. I feel the stock market cannot have a sustainable rally until our Government provides some clarity on the banking situation. We need to get these toxic assets off their books somehow or these banking stocks will continue to slide. This will drag the rest of the market down with it. We also need some clarity on the stimulus package.
Oil Markets February 4, 2009
Oil is rising back above $41 today as we await oil supply data coming out later this morning. Oil is finally starting to go up on bad news, the best indicator if you are trying to find a market bottom. If Oil gets back above $43 I think you could test $48-$50 resistance area. Opec is talking about cutting more supplies which is good for the oil market.
Stocks to Watch - 2/4/09
DryShips ( DRYS ) - Drys seems to be back at it again but will now have resistance at around $7.28. I only like this stock over $10, but that's just me. A guest was on CNBC this morning talking about the Baltic Dry Index and says it is improving. This would be good for the world economy. Today, the BDI was up huge and has been up for 13 straight days. This is huge for the bulk shipping stocks.
Disney ( DIS ) reported worse then expected earnings...the stock is down 5%
News Just out: Commercial real estate prices are falling fast! Commercial real estate loans are defaulting at a higher rate.
For More Stock Market Updates, visit , http://daytradingstockblog.blogspot.com/ or Subscribe for FREE
I will be watching key technical levels today on both the Nasdaq and Dow Jones. I feel the stock market cannot have a sustainable rally until our Government provides some clarity on the banking situation. We need to get these toxic assets off their books somehow or these banking stocks will continue to slide. This will drag the rest of the market down with it. We also need some clarity on the stimulus package.
Oil Markets February 4, 2009
Oil is rising back above $41 today as we await oil supply data coming out later this morning. Oil is finally starting to go up on bad news, the best indicator if you are trying to find a market bottom. If Oil gets back above $43 I think you could test $48-$50 resistance area. Opec is talking about cutting more supplies which is good for the oil market.
Stocks to Watch - 2/4/09
DryShips ( DRYS ) - Drys seems to be back at it again but will now have resistance at around $7.28. I only like this stock over $10, but that's just me. A guest was on CNBC this morning talking about the Baltic Dry Index and says it is improving. This would be good for the world economy. Today, the BDI was up huge and has been up for 13 straight days. This is huge for the bulk shipping stocks.
Disney ( DIS ) reported worse then expected earnings...the stock is down 5%
News Just out: Commercial real estate prices are falling fast! Commercial real estate loans are defaulting at a higher rate.
For More Stock Market Updates, visit , http://daytradingstockblog.blogspot.com/ or Subscribe for FREE
1 and 3 Month Libor Rates - 2/4/09 - Today's Libor Rates
It seems as though everyone is watching Libor rates these days. Today's Libor Rates for 2/4/09, are: 1 Month Libor Rate - 0.445% & 3 Month Libor Rate - 1.236%. The overnight Libor rate is 0.319%. As you can see, Libor Rates have changed today, February 4, 2009. The 1 Month Libor stayed the same, 3 Month Libor rose, and the overnight Libor went down.
Here are Previous Libor rates. You can also compare Libor Rates to how the Dow Jones traded.
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Here are Previous Libor rates. You can also compare Libor Rates to how the Dow Jones traded.
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Tuesday, February 3, 2009
Dow Jones Futures 2/4/09 - Stock Market Futures
How will the stock market open on Wednesday - February 4, 2009? The Dow Jones and Stock Market Futures are pointing toward a lower open for pre market trading. All eyes will be on the ADP employment number due out at 8:15am as well as Cisco Systems ( CSCO ) earnings due out at 4pm.
Stock Market Futures 2/4/09 - Pre Market - Updated 7:20 am est
Dow Jones Futures - Down 44
Nasdaq Futures - Down 10
S&P 500 Futures - Down 3.3
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Stock Market Futures 2/4/09 - Pre Market - Updated 7:20 am est
Dow Jones Futures - Down 44
Nasdaq Futures - Down 10
S&P 500 Futures - Down 3.3
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Dow Jones Analysis 2/4/09 - Stock Market Analysis
The following is Technical Analysis for the Dow Jones ( DJIA ) for 2/4/09Dow Jones Support & Resistance Levels - February 4, 2009
Resistance Levels: 8125, 8400, 8500, 8765
Support Levels: 8000, 7867, 7774
http://stockcharts.com/ - Chart
The Dow Jones tested the 10 day moving average and closed over 8000 today - while this is very positive, we have failed at the 50 day moving average since we broke down through it in early January. It appears we have put in a low at 7867 on Feb 2nd 2009 and we could go back up to the 50 day moving average if we get some volume. Right now the 50 day moving average is at 8462. A close over 8500 would be huge and you would want to be in stocks at that point. Support is at 8000 and 7867 from Feb 2nd - Hogan's Bottom continues to hold! For More Technical Analysis - Go Here
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Nasdaq Analysis 2/04/09 February 4, 2009
The following is Technical Analysis for the Nasdaq ( NAS ) for 2/4/09Nasdaq Support & Resistance Levels - February 4, 2009
Resistance Levels: 1520.58, 1600, 1665
Support Levels: 1500,1480, 1434, 1400
http://stockcharts.com/ - Chart
The Nasdaq had another good day today, closing back over the 10 day moving average and testing the 50 day moving average. The most important thing is we are back over the 1500 level. A close back over the 50 day moving average would bring in more buyers. Support is at 1500 and 1480.
All eyes will be on Cisco's ( CSCO ) earnings due out Feb 4, after the close. This earnings report could be a market mover so watch it closely. Out of all the major averages, the Nasdaq is performing the best! For More Technical Analysis - Go Here
All eyes will be on Cisco's ( CSCO ) earnings due out Feb 4, after the close. This earnings report could be a market mover so watch it closely. Out of all the major averages, the Nasdaq is performing the best! For More Technical Analysis - Go Here
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
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