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

Stock Market Closing Prices - 2/2/09

Dow Jones Industrial Average ( DJIA ) Close - 7936.75 Down 64.11
Nasdaq Stock Market Close - 1494.43 Up 18.01
S&P 500 Close - 825.43 Down 0.45
http://dowjonesclose.com

Libor Rates - 2/02/09

1 Month - 0.438%
3 Month - 1.225%

Commodities Closing Prices - 2/2/09

Gold - 908
Oil - 41.56
Natural Gas - 4.58

The Dow Jones Industrial Average closed at 7937 on 2/2/09, as the stock market fell yet again in continuation with Friday's down move. The Dow Jones was weak most of the day with the Nasdaq clinging to postive territory due to a strong technology sector. Stocks rallied off their lows during the afternoon hours but at around 1pm, Macy's ( M ) announced a cut of up to 7,000 jobs and a dividend cut. This news caused the Dow Jones to tank once again plunging to the lows of the day, under 7900. In the final hour, stocks ralliued once again with the Dow coming back to near positive and the Nasdaq jumping over 20 points. The good news? The panic selling seems to have gone away, we weren't seeing the type of volatility as we saw in the September and October months of 2008. The VIX volatility indicator only spiked 5% to 47 today. Tomorrow could be setting up for a snap back rally as we are oversold. I will have full technical analysis on the stock market tonight, Right Here.

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Baltic Dry Index Shipping Rates - 2/2/09 BDI

The following is a report on Dry Bulk Shipping Rates for 2/02/09. 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 - February 2, 2009

Baltic Dry Index ( BDI ) - 1099 Up 29
Spot 4 - TC Average - 17696 Up 286
Baltic Cape Index ( BCI ) - 2004 Up 23
Baltic Panamax Index ( BPI ) - 842 Up 47
Supramax Index ( BSI ) - 533 Up 21
Past Bulk Shipping Rates

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

Today, February 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.

Hot Stocks 2/2/09 - Biggest Gainers Today

Odyssey Marine Exploration (OMEX ) - $5.10 Up 29.01% - Worlds Mightiest Ship Was Lost without a Trace in 1744 - Mystery Solved Discovery Channels Treasure Quest Program Reveals Behind-the-Scenes Look at the Discovery and Exploration of the Deep-Ocean Shipwreck Site. A few years ago, this company also recovered ancient gold coins.

Satyam ( SAY ) - $2.11 Up 11.05% - SAY is up on more takeover talks.

Check out the biggest stock gainers today.

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

It seems as though everyone is watching Libor rates these days. Today's Libor Rates for 2/2/09, are: 1 Month Libor Rate - 0.438% & 3 Month Libor Rate - 1.225%. The overnight Libor rate is 0.285%. As you can see, Libor Rates have changed today, February 2, 2009. Both 1 & 3 Month Libor Rates went up while the Overnight Libor dipped.

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

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Dow Jones Futures 2/2/09 - Stock Market Futures

How will the stock market open on Monday - February 2, 2009? The Dow Jones and Stock Market Futures are pointing toward a lower open for pre market trading. Will Hogan's bottom hold today? It's looking like a rough opening on Wall Street. The bad bank news is causing this early pre market drop.

Stock Market Futures 2/2/09 - Pre Market

Dow Jones Futures - Down 112
Nasdaq Futures - Down 22
S&P 500 Futures - Down 13.50
Oil Futures : $40.41
Gold Futures: $913

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

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

Dow Jones Support & Resistance Levels - February 2, 2009

Resistance Levels: 8300, 8500, 8765

Support Levels: 8000, 7965, 7774

http://stockcharts.com - Chart

The Dow Jones closed at its recent support level of 8000 on Friday. So far, every time we have gone in the 7900's recently we bounce several hundred points. I'd expect this to keep happening but if we would break 7900 intraday, it would really bring in additional selling pressure. The fact that we could not even hit the 50 day moving average last week is very concerning and bearish. I won't be starting any new long positions until we at least close back over the 10 day moving average which is at 8150. Be careful out there!

For More Technical Analysis - Go Here

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Nasdaq Analysis 2/02/09 February 2, 2009

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

Nasdaq Support & Resistance Levels - February 2, 2009

Resistance Levels: 1495, 1518, 1600, 1665

Support Levels: 1434, 1400

http://stockcharts.com/ - Chart

The Nasdaq closed below the 10 and 50 day moving averages once again as well as 1500. This is very bearish action. The next support level is the recent low of 1434.08. If we break through that low, I'd expect 1400 to be tested. I will be buying 1400 as this area held up well back in Nov and Dec and produced some nice rallies.
Overall, the action that we saw last week was very bearish...the test of 1600 failed, we couldn't hold both key moving averages for more then a day. There is just a lot of bad news and selling going on at the moment. For More Technical Analysis - Go Here

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Charlie Gasparino CNBC Banks 1/30/09

Charlie Gasparino of CNBC is reporting today, January 30, 2009, that the bad bank plan could be on hold. The stock market is dipping on this news, the Dow Jones is hovering above support around 8000.

The Bad Bank plan was for the Government to buy toxic bank assets and get them off the banks' books so that they can resume lending and start a new path to profits.

This bad bank plan news has rallied the stock market over the past week and this news combined with Obama's Wall Street bonus chatter is really starting to hamper the stock market.

Not news you want to hear on a Friday afternoon going into the weekend! If we close at the lows, look out below on Monday! I would not want to be in bank stocks right now.

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