Stock Market Closing Prices - 2/20/09 - February 20, 2009
Dow Jones Industrial Average ( DJIA ) Close - 7365.67 Down 100.28
Nasdaq Stock Market Close - 1441.23 Down 1.59
S&P 500 Close - 770.05 Down 8.89
http://dowjonesclose.com
Libor Rates - 2/20/09
Commodities Closing Prices - 2/20/09
Gold - 995.10
Silver - 14.39
Oil - 38.94
Natural Gas - 4.03
The Dow Jones Industrial Average closed at 7366 on 2/20/09, as the stock market went on a roller coaster ride opening weak and bouncing off the lows. The Dow Jones Futures were down big this morning and the Stock Market tanked going into the afternoon hours. At about 2:15pm, CNBC's Steve Leisman reported that Timothy Geithner will give Wall Street additional details on the bank bailout plan next week and the Stock Market went up. Before this announcement, Bank of America ( BAC ) hit a low of $2.53 and Citigroup ( C ) plunged to $1.61 per share. After the announcement, Citi hit $2.20 and B of A hit $4.09 as shorts scrambled to cover. The Financial Bear FAZ ETF went from $84 to $68 and then back to $75....if you are looking for some day trading action, FAZ is the stock to watch! FAS is the opposite of FAZ so if you are bullish on financials, buy FAS
The Dow Jones held its October 10, 2002 low of 7181.47 and the closing low of 7286 which was on October 9, 2002. These are two price points you will want to watch closely next week. On the S&P 500, the 741 low held as well. On top of all of this, Gold crossed $1000 for a brief period of time earlier in the day.
Will Timothy Geithner strike out again next week or give Wall Street something to run with? I will have full technical analysis of the stock market over the weekend - 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 2/20/09. Show all posts
Showing posts with label 2/20/09. Show all posts
Friday, February 20, 2009
Bank Rescue Details Next Week 2/20/09
Steve Leisman of CNBC is reporting that additional details of the Bank Rescue plan will be released next week. He doesn't know the exact day but we will get some details at least. Maybe Timothy Geithner will surprise us!
Dow Jones only down 107 to 7358 now
BAC rallying to $3.38
Dow Jones only down 107 to 7358 now
BAC rallying to $3.38
AAPL Visa V DRYS Analysis 2/20/09 - February 20, 2009
I updated the following technical anlaysis stock charts at http://blackberrystocks.com/charts.html
Technical Analysis Updates: February 20, 2009
Visa - V
Apple - AAPL
DryShips - Drys
United States Oil Fund - USO
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Technical Analysis Updates: February 20, 2009
Visa - V
Apple - AAPL
DryShips - Drys
United States Oil Fund - USO
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Stock Market Crashes! February 20, 2009 - Again!
The Stock Market is crashing ( Again ) thanks to a failed bank rescue plan by Timothy Geither. The Bank Stocks are absolutely tanking this afternoon, 2/20/09.
Citigroup - C - $1.73 Down 31%
Bank of America - BAC - $2.79 Down 29%
Financial Bear 3X - FAZ - $84.00 Up 19.58%
Gold Price - $1000
Will this be another weekend where the White House scrambles to put some sort of policy decision together?
The S&P must hold 752 on a closing basis and 741 on an intraday basis for the lows to officially hold. The Dow Jones hit 7250 earlier and appears to be headed to 7000. If Timothy Geithner would have came out with a solid banking plan, we would be over 8500 right now. I'm concerned there is no solution or he would have gave us one! Bank Nationalization is the talk of Wall Street right now.
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Citigroup - C - $1.73 Down 31%
Bank of America - BAC - $2.79 Down 29%
Financial Bear 3X - FAZ - $84.00 Up 19.58%
Gold Price - $1000
Will this be another weekend where the White House scrambles to put some sort of policy decision together?
The S&P must hold 752 on a closing basis and 741 on an intraday basis for the lows to officially hold. The Dow Jones hit 7250 earlier and appears to be headed to 7000. If Timothy Geithner would have came out with a solid banking plan, we would be over 8500 right now. I'm concerned there is no solution or he would have gave us one! Bank Nationalization is the talk of Wall Street right now.
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Palm Stock Analysis February 20, 2009
Palm ( PALM ) has been one of the Top Stocks in 2009. The following chart is technical analysis look at PALM courtesy of www.stockcharts.comPalm Support and Resistance Levels - February 20, 2009
PALM Stock Resistance: $8.00, $9.51
PALM Stock Support: $7.00, $5.60
Palm has been one of the hottest stocks in 2009 so far but there are signs of breaking down. The trend line was broken after the fall from the $9.51 high so it appears the huge run is either over or will stall out for awhile. I would be a buyer on a pullback to the 200 day moving average at $5.60.
PALM's high was $7.99 today which is around the 10 day moving average...Back when PALM crossed the 10 day moving average at $1.75 to start this run, PALM only closed below the 10 day once before topping out at $9.51. We now have three straight days of closing below the 10 day moving average. This is bearish. The biggest volume day was the move above the 200 day moving average so this is why I feel there will be solid support at this area.
PALM's high was $7.99 today which is around the 10 day moving average...Back when PALM crossed the 10 day moving average at $1.75 to start this run, PALM only closed below the 10 day once before topping out at $9.51. We now have three straight days of closing below the 10 day moving average. This is bearish. The biggest volume day was the move above the 200 day moving average so this is why I feel there will be solid support at this area.
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Hot Penny Stocks 2/20/09 February 20, 2009
Today, 2/20/09, 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 20, 2009
Oilsands Quest - BQI - $0.74 Up 15.45% - BQI getting a nice bounce today after being crushed in the past week.
Colonial Bancgroup - CNB - $0.44 Up 10.00% - CNB stock is bouncing after getting crushed over the past few months. - Birmingham Alabama law firm joins crowd suing Colonial BancGroup.
Huntington Bancshares - HBAN - $1.20 Up 16.50% - Huntington HBAN begins job cuts outlined in plan
Check out the biggest stock gainers today.
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Penny Stock Gainers - February 20, 2009
Oilsands Quest - BQI - $0.74 Up 15.45% - BQI getting a nice bounce today after being crushed in the past week.
Colonial Bancgroup - CNB - $0.44 Up 10.00% - CNB stock is bouncing after getting crushed over the past few months. - Birmingham Alabama law firm joins crowd suing Colonial BancGroup.
Huntington Bancshares - HBAN - $1.20 Up 16.50% - Huntington HBAN begins job cuts outlined in plan
Check out the biggest stock gainers today.
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Art Cashin CNBC 2/20/09 February 2009
Art Cashin, floor trader from UBS, was on CNBC this morning ( February 20, 2009 ) and gave comments on the Stock Market and what to look for.
Art, where do we go now that we broke the lows in the Dow Jones yesterday?
It's a complicated case, we have a Dow theory sell signal since we closed at a new low yesterday....what i'm hoping for is we test the S&P 500 over the next few days and if we hold 741 we could see a rather significant bounce. We could have a brief pop...or a real bear market rally...we will know in a few days. If we break 741 then there will be debate as to us testing the 2002 or 1997 lows.
Bank Nationalization Fears: When you here Alan Greenspan chime in, you definitely have fears. There are certainly rumors going around. For all of Art's Comments, go here
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Art, where do we go now that we broke the lows in the Dow Jones yesterday?
It's a complicated case, we have a Dow theory sell signal since we closed at a new low yesterday....what i'm hoping for is we test the S&P 500 over the next few days and if we hold 741 we could see a rather significant bounce. We could have a brief pop...or a real bear market rally...we will know in a few days. If we break 741 then there will be debate as to us testing the 2002 or 1997 lows.
Bank Nationalization Fears: When you here Alan Greenspan chime in, you definitely have fears. There are certainly rumors going around. For all of Art's Comments, go here
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Baltic Dry Index Shipping Rates 2/20/09 BDI
The following is a report on Dry Bulk Shipping Rates for 2/20/09. 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 20, 2009 - Up 4 Straight Days
Baltic Dry Index ( BDI ) - 2099 Up 42
Spot 4 - TC Average - 39401 Up 660
Baltic Cape Index ( BCI ) - 3768 Up 35
Baltic Panamax Index ( BPI ) - 1439 Up 55
Supramax Index ( BSI ) - 1300 Up 29
Past Bulk Shipping Rates
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http://dryindex.com/
Dry Bulk Shipping Rates - February 20, 2009 - Up 4 Straight Days
Baltic Dry Index ( BDI ) - 2099 Up 42
Spot 4 - TC Average - 39401 Up 660
Baltic Cape Index ( BCI ) - 3768 Up 35
Baltic Panamax Index ( BPI ) - 1439 Up 55
Supramax Index ( BSI ) - 1300 Up 29
Past Bulk Shipping Rates
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Biggest Stock Gainers 2/20/09 February 20, 2009
Today, February 20, 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. Despite the stock market going down today, here are several hot stocks bucking the trend. Check out today's biggest gainers and the Top Stocks for 2009. Yesterday, PCLN and WFMI were the hot stocks.
Hot Stocks 2/20/09 - Biggest Gainers Today
Career Education - CECO - $22.47 Up 14.29% - Career Education 4Q profit up, revenue down. Career Education 4th-qtr profit more than triples on fewer costs, but revenue falls.
Financial Bear 3X - FAZ - $78.59 Up 11.95% - FAZ was $40 before Timothy Geithner unveiled his failed banking rescue plan. FAZ then jumped 11% right after the speech. FAZ is up 95% in less then two weeks.
Crocs - CROX - $1.35 Up 11.57% - Crocs releases earnings - Crocs posts 4Q loss on slow sales, stronger dollar.
Other Gainers - SRS, SKF
Check out the biggest stock gainers today.
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Hot Stocks 2/20/09 - Biggest Gainers Today
Career Education - CECO - $22.47 Up 14.29% - Career Education 4Q profit up, revenue down. Career Education 4th-qtr profit more than triples on fewer costs, but revenue falls.
Financial Bear 3X - FAZ - $78.59 Up 11.95% - FAZ was $40 before Timothy Geithner unveiled his failed banking rescue plan. FAZ then jumped 11% right after the speech. FAZ is up 95% in less then two weeks.
Crocs - CROX - $1.35 Up 11.57% - Crocs releases earnings - Crocs posts 4Q loss on slow sales, stronger dollar.
Other Gainers - SRS, SKF
Check out the biggest stock gainers today.
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Bank Stocks 2/20/09 February 20, 2009
Today, 2/20/09, the bank stocks are getting hit hard once again as the stock market plunges to new lows today. Meredith Whitney said on CNBC yesterday that she would still sell Citi at $2.50. It appears that Wall Street is pricing in nationalization.
Banking Stock Update - February 20th, 2009 - Pre Market
Citigroup C - $2.32 Down 7.52%
Bank of America BAC - $3.60 Down 8.4%
Wells Fargo WFC - $11.21 Down 6.66%
Goldman Sachs GS - $83.75 Down 2%
Morgan Stanley MS - $19.34 Down 1.90%
JP Morgan JPM - $19.81 Down 3.83%
Financial Bear 3X FAZ - $77.40 Up 10.50%
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Banking Stock Update - February 20th, 2009 - Pre Market
Citigroup C - $2.32 Down 7.52%
Bank of America BAC - $3.60 Down 8.4%
Wells Fargo WFC - $11.21 Down 6.66%
Goldman Sachs GS - $83.75 Down 2%
Morgan Stanley MS - $19.34 Down 1.90%
JP Morgan JPM - $19.81 Down 3.83%
Financial Bear 3X FAZ - $77.40 Up 10.50%
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1 and 3 Month Libor Rates - 2/20/09 - Today's Libor Rates
It seems as though everyone is watching Libor rates these days. Today's Libor Rates for 2/20/09, are: 1 Month Libor Rate - 0.473% & 3 Month Libor Rate - 1.249%. The overnight Libor rate is 0.278%. As you can see, Libor Rates have changed today, February 20, 2009. While the 1 Month Libor stayed the same, the 3 Month went up and the Overnight fell.
Here are Previous Libor rates. You can also compare Libor Rates to how the Dow Jones traded.
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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
Thursday, February 19, 2009
Dow Jones Futures 2/20/09 - Stock Market Futures
How will the stock market open on Friday - February 20, 2009? The Dow Jones and Stock Market Futures are pointing toward a lower open for pre market. Check out technical analysis for Feb 20th.
Stock Market Futures 2/20/09 - Pre Market Trading - Updated 7:10am est
Dow Jones Futures - Down 104
Nasdaq Futures - Down 11.30
S&P 500 Futures - Down 11.40
Oil Futures - $38.13
Gold Futures - $991.6
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index
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Stock Market Futures 2/20/09 - Pre Market Trading - Updated 7:10am est
Dow Jones Futures - Down 104
Nasdaq Futures - Down 11.30
S&P 500 Futures - Down 11.40
Oil Futures - $38.13
Gold Futures - $991.6
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 2/20/09 Stock Market Analysis
The following is Technical Analysis for the Dow Jones ( DJIA ) for 2/20/09Dow Jones Support & Resistance Levels - February 20, 2009
Resistance Levels: 7880, 8000
Support Levels: 7449, 7000
http://stockcharts.com/ - Chart
The Dow Jones broke 7449.38 today with a print of 7447.55. The Dow also closed below the Nov 20th 2008 closing low of 7552. The Dow Jones hasn't closed this low since October of 2002. All signs point to more downward pressure but we won't break down until we actually close below 7449. Next major support would be Dow 7000.
Resistance: The Dow Jones will now have resistance at the 10 day moving average which is at 7880 and 8000. For More Technical Analysis - Go Here
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Resistance: The Dow Jones will now have resistance at the 10 day moving average which is at 7880 and 8000. 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 2/20/09 February 20, 2009
The following is Technical Analysis for the Nasdaq ( NAS ) for 2/20/09Nasdaq Support & Resistance Levels - February 20, 2009
Resistance Levels: 1500, 1535
Support Levels: 1434, 1400
http://stockcharts.com - Chart
The Nasdaq set another weekly low today at 1442.53 but continues to hold the January low of 1434. If 1434 is broken, I think the Nasdaq will test 1400.
A close above 1500 would be viewed as bullish as this is a major resistance level now.
The Nasdaq is still trading well above the November 21st low while all the major averages are testing the lows right now....this is a positive sign if there was one. For More Technical Analysis - Go Here
A close above 1500 would be viewed as bullish as this is a major resistance level now.
The Nasdaq is still trading well above the November 21st low while all the major averages are testing the lows right now....this is a positive sign if there was one. 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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