Stock Market Closing Prices - 2/23/09
Dow Jones Industrial Average ( DJIA ) Close - 7114.78 Down 250.89
Nasdaq Stock Market Close - 1387.72 Down 53.51
S&P 500 Close - 743.33 Down 26.72
http://dowjonesclose.com
Libor Rates - 2/23/09
Notable Stock Closing Prices - February 23, 2009
General Electric GE - $8.84
Wal Mart WMT - $48.88
Bank of America BAC - $3.93
Citigroup C - 2.15
Commodities Closing Prices - 2/23/09
Gold - 996.60
Oil - 38.10
Natural Gas - 4.09
The Dow Jones Industrial Average closed at 7114 on 2/23/09, as the stock market sank on more news that the Government is taking an additional stake in Citigroup ( C ). This is one step further towards bank nationalization. The Dow Jones Futures opened up the day in the green but as the Stock Market opened at 9:30am, stocks continued the slide from last week. Even though most of the financials were up today, the Dow Jones hit fresh yearly lows.
So lets talk about these lows and support levels for the Dow Jones. When we closed below the 7582 closing low from November, it started a whole new down leg in the stock market. We tried for three months to form a bottom ( 7800-9000 ) several times but it has now failed. Jumping in the stock market at this point would be very risky because all bottoms are retested several times. If the Dow ends up hitting 7000 and bouncing 800 points, 7000 will most likely be retested again at some point. Until we get some clarity from our Government on this banking situation and the automakers, the markets will continue to trend down. As of right now, the Dow Jones has support around 7036 from 1997 and there isn't major support until 6300-6500.
Oh, I forgot to mention, AIG is in trouble again, they are in talks to get more money....AIG is set to report a 60 billion dollar loss from last quarter!
I will have full technical analysis of the stock market tonight, Right Here
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Showing posts with label 2/23/09. Show all posts
Showing posts with label 2/23/09. Show all posts
Monday, February 23, 2009
RIMM FSLR BIDU Analysis 2/23/09 - February 23, 2009
I updated the following technical anlaysis stock charts at http://blackberrystocks.com/charts.html
Technical Analysis Updates: February 23, 2009
Research in Motion - RIMM
Baidu.com - BIDU
First Solar - FSLR
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Technical Analysis Updates: February 23, 2009
Research in Motion - RIMM
Baidu.com - BIDU
First Solar - FSLR
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Hot Penny Stocks 2/23/09 February 23, 2009
Today, 2/23/09, 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 23, 2009
Ford ( F ) - $1.86 Up 17.05% - Ford is breaking out to the upside today as UAW Agrees to Concessions at Ford. Yes, I consider F stock a Penny Stock because it is trading under $2.00 per share.
iStar Financial ( SFI ) - $0.87 Up 14.45% - SFI is getting a bounce with the financials today.
Chemtura ( CEM ) - $0.75 Up 21% - Sinopec, China firms consider Chemtura assets-report.
Check out the biggest stock gainers today.
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Penny Stock Gainers - February 23, 2009
Ford ( F ) - $1.86 Up 17.05% - Ford is breaking out to the upside today as UAW Agrees to Concessions at Ford. Yes, I consider F stock a Penny Stock because it is trading under $2.00 per share.
iStar Financial ( SFI ) - $0.87 Up 14.45% - SFI is getting a bounce with the financials today.
Chemtura ( CEM ) - $0.75 Up 21% - Sinopec, China firms consider Chemtura assets-report.
Check out the biggest stock gainers today.
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Biggest Stock Gainers 2/23/09 February 23, 2009
Today, February 23, 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.
Hot Stocks 2/23/09 - Biggest Gainers Today
Fifth Third Bancorp ( FITB ) - $1.34 Up 30% - FITB continues to go up on the Citigroup News.
Citigroup ( C ) - $2.20 Up 13.21% - US stock index futures pointed to a higher open Monday as shares of Citigroup gained following reports the government could up its stake in the Wall Street giant.
United Airlines ( UAUA ) - $6.35 Up 15% - Airline stocks post gains after last week's declines
DryShips ( DRYS ) - $4.28 Up 13% - Drys was upgraded by Oppenhiemer today, 2/23/09, Upgraded to Perform from Underperform
Check out the biggest stock gainers today.
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Hot Stocks 2/23/09 - Biggest Gainers Today
Fifth Third Bancorp ( FITB ) - $1.34 Up 30% - FITB continues to go up on the Citigroup News.
Citigroup ( C ) - $2.20 Up 13.21% - US stock index futures pointed to a higher open Monday as shares of Citigroup gained following reports the government could up its stake in the Wall Street giant.
United Airlines ( UAUA ) - $6.35 Up 15% - Airline stocks post gains after last week's declines
DryShips ( DRYS ) - $4.28 Up 13% - Drys was upgraded by Oppenhiemer today, 2/23/09, Upgraded to Perform from Underperform
Check out the biggest stock gainers today.
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Bank Stocks 2/23/09 February 23, 2009
Today, 2/23/09, the bank stocks are going up on a short squeeze after news that the Government is looking to increase their stake in Citigroup common stock by as much as 40%. This is one more step closer toward nationalization.
Banking Stock Update - February 23, 2009 - Pre Market
Fifth Third Bancorp ( FITB ) - $1.22 Up 18.45% - FITB is getting a nice short squeeze due to the Citi news.
Citigroup ( C ) - $2.36 Up 21.06% - US stock index futures pointed to a higher open Monday as shares of Citigroup gained following reports the government could up its stake in the Wall Street giant.
Hartford Financial ( HIG ) - $7.40 Up 9% - HIG going up because the of Citigroup news
Bank of America ( BAC ) - $4.24 Up 11.87% - BAC up on the Citi news.
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Banking Stock Update - February 23, 2009 - Pre Market
Fifth Third Bancorp ( FITB ) - $1.22 Up 18.45% - FITB is getting a nice short squeeze due to the Citi news.
Citigroup ( C ) - $2.36 Up 21.06% - US stock index futures pointed to a higher open Monday as shares of Citigroup gained following reports the government could up its stake in the Wall Street giant.
Hartford Financial ( HIG ) - $7.40 Up 9% - HIG going up because the of Citigroup news
Bank of America ( BAC ) - $4.24 Up 11.87% - BAC up on the Citi news.
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Baltic Dry Index Shipping Rates 2/23/09 BDI
The following is a report on Dry Bulk Shipping Rates for 2/23/09. 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 23, 2009 - Down 1 Straight Day
Baltic Dry Index ( BDI ) - 2084 Down 15
Spot 4 - TC Average - 38006 Down 1395
Baltic Cape Index ( BCI ) - 3649 Down 119
Baltic Panamax Index ( BPI ) - 1466 Up 27
Supramax Index ( BSI ) - 1325 Up 25
Past Bulk Shipping Rates
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http://dryindex.com/
Dry Bulk Shipping Rates - February 23, 2009 - Down 1 Straight Day
Baltic Dry Index ( BDI ) - 2084 Down 15
Spot 4 - TC Average - 38006 Down 1395
Baltic Cape Index ( BCI ) - 3649 Down 119
Baltic Panamax Index ( BPI ) - 1466 Up 27
Supramax Index ( BSI ) - 1325 Up 25
Past Bulk Shipping Rates
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Stock Market Report 2/23/09 February 23, 2009
This morning, February 23, 2009, the Stock Market Futures have come off their highs as the Government has taken additional action in the banking sector.
The Government may end up taking a 40% stake in Citi but executives at Citigroup would like to keep it around 25%. The preferred shares would be converted into common stock.
This news had both Citigroup and Bank of America up big but now reality is setting in and they have come off their highs. These two banking stocks will be very volatile today. I view this jump in futures as nothing more then short covering. It still appears as though Wall Street is pricing in lower earnings for the S&P 500. Many targets have the S&P going down to 600-650.
Citigroup ( C ) - Pre Market - $2.01
Bank of America ( BAC ) - Pre Market - $3.97
In other news - DryShips ( DRYS ) has been upgraded by Oppenheimer - raised to Perform from Underperform. DRYS is getting a 10% pop on this news to $4.20 per share.
The Stock Market will be volatile this week as additional details from Timothy Geithner on a banking plan could be released this week. I continue to watch 7286 and 7181 on the Dow Jones as well as 741 on the S&P 500.
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index
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The Government may end up taking a 40% stake in Citi but executives at Citigroup would like to keep it around 25%. The preferred shares would be converted into common stock.
This news had both Citigroup and Bank of America up big but now reality is setting in and they have come off their highs. These two banking stocks will be very volatile today. I view this jump in futures as nothing more then short covering. It still appears as though Wall Street is pricing in lower earnings for the S&P 500. Many targets have the S&P going down to 600-650.
Citigroup ( C ) - Pre Market - $2.01
Bank of America ( BAC ) - Pre Market - $3.97
In other news - DryShips ( DRYS ) has been upgraded by Oppenheimer - raised to Perform from Underperform. DRYS is getting a 10% pop on this news to $4.20 per share.
The Stock Market will be volatile this week as additional details from Timothy Geithner on a banking plan could be released this week. I continue to watch 7286 and 7181 on the Dow Jones as well as 741 on the S&P 500.
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
1 and 3 Month Libor Rates - 2/23/09 - Today's Libor Rates
It seems as though everyone is watching Libor rates these days. Today's Libor Rates for 2/23/09, are: 1 Month Libor Rate - 0.474% & 3 Month Libor Rate - 1.249%. The overnight Libor rate is 0.265%. As you can see, Libor Rates have changed today, February 23, 2009. While the 3 Month Libor stayed the same, the 1 Month went up and the Overnight fell.
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
Sunday, February 22, 2009
Stimulus Plan Update 2/23/09 February 23, 2009
The 787 Billion Dollar Stimulus bill that was passed and signed last week will soon be on heavy watch. President Obama will assign Department of Interior director Earl Devaney to make sure there isn't any wasteful spending. Vice President Joe Biden will also supervise each payout of the stimulus bill and work closely with the Governors and Mayors.
Below are some other updates on the Stimulus Package for 2/23/09
6 Governors May Reject Portions of Stimulus - New York Times
U.S. citizens can monitor stimulus through Web sites Recovery.gov - TimesCall.com
Stimulus plan offers taxpayers a variety of breaks: what they mean to you - Boston.com
Governor To Accept Stimulus Money For Hawaii - Hawaii To Receive Nearly $1B - kitv.com
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Below are some other updates on the Stimulus Package for 2/23/09
6 Governors May Reject Portions of Stimulus - New York Times
U.S. citizens can monitor stimulus through Web sites Recovery.gov - TimesCall.com
Stimulus plan offers taxpayers a variety of breaks: what they mean to you - Boston.com
Governor To Accept Stimulus Money For Hawaii - Hawaii To Receive Nearly $1B - kitv.com
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Dow Jones Futures 2/23/09 - Stock Market Futures
How will the stock market open on Monday - February 23, 2009? The Dow Jones and Stock Market Futures are pointing toward a Higher open for pre market. Check out technical analysis for Feb 23th.
Stock Market Futures 2/23/09 - Pre Market Trading - Updated 7:30am
Dow Jones Futures - Up 52
Nasdaq Futures - Up 6.75
S&P 500 Futures - Up 6.25
Oil Futures - $40.51
Gold Futures - $987.00
Nikkei - 7376 Down 40
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 2/23/09 - Pre Market Trading - Updated 7:30am
Dow Jones Futures - Up 52
Nasdaq Futures - Up 6.75
S&P 500 Futures - Up 6.25
Oil Futures - $40.51
Gold Futures - $987.00
Nikkei - 7376 Down 40
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
Saturday, February 21, 2009
Dow Jones Analysis 2/23/09 Stock Market Analysis
The following is Technical Analysis for the Dow Jones ( DJIA ) for 2/23/09
Dow Jones Support & Resistance Levels - February 23, 2009
Resistance Levels: 7449, 7500, 7800, 8000
Support Levels: 7286, 7181.47
The Dow Jones made a new 52 week low on Friday hitting 7249.47 but managed to close above the October 9, 2002 closing low of 7286.27. The Dow Jones has major support down in this 7200-7400 area so expect to see bounces when these levels are hit. The October 10, 2002 intraday low was 7181.47 so if the Dow was to break through that price, you would get additional selling pressure all the way down to the 7000 area. On the upside, the Dow might struggle at 7500 but the major resistance area will be at the 10 day moving average around 7800. It's hard to say if the stock market has hit a bottom yet because it appears the market is pricing in lower forward earnings for the S&P 500. Some say the S&P 500 will only earn $50-$60 in 2009 -2010 and if you slap a 12 p/e on that figure, you get 600-720. 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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Friday, February 20, 2009
Nasdaq Analysis 2/23/09 February 23, 2009
The following is Technical Analysis for the Nasdaq ( NAS ) for 2/23/09Nasdaq Support & Resistance Levels - February 23, 2009
Resistance Levels: 1500, 1535
Support Levels: 1434, 1400
http://stockcharts.com - Chart
The Nasdaq was very strong today when the market turned around in the afternoon hours and managed to close over the support level of 1434.
Right now the Nasdaq has support at 1417-1420 but a break down below this range would bring a retest of 1400. I'd expect 1400 to hold unless there is really bad new out there. I will be buying anything at or below 1400 for a nice bounce. On the upside, the Nasdaq will have resistance between the 1500-1513 area and would probably stall if it gets there any time soon.
Right now the Nasdaq has support at 1417-1420 but a break down below this range would bring a retest of 1400. I'd expect 1400 to hold unless there is really bad new out there. I will be buying anything at or below 1400 for a nice bounce. On the upside, the Nasdaq will have resistance between the 1500-1513 area and would probably stall if it gets there any time soon.
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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