Stock Market Closing Prices - 2/6/09
Dow Jones Industrial Average ( DJIA ) Close - 8280.59 Up 217.52
Nasdaq Stock Market Close - 1591.71 Up 45.47
S&P 500 Close - 868.57 Up 22.72
http://dowjonesclose.com
Libor Rates - 2/6/09
1 Month - 0.449%
3 Month - 1.241%
Commodities Closing Prices - 2/6/09
Gold - 912.20
Oil - 40.30
Natural Gas - 4.80
The Dow Jones Industrial Average closed at 8280 on 2/6/09, as the stock market rallied on hopes of a stimulus package decision as well as Timothy Geithner's plan to fix the banking sector due out on Monday. The Dow Jones Futures were down coming into today, but after the jobs report ( loss of 598,000 jobs - unemployment rate - 7.6% ) was released stocks soared.
Leading gainers today were Bank of America ( BAC ), Fifth Third Bancorp ( FITB ), and Regions Financial ( RF ). Technology stocks were hot once again as Google ( GOOG ), Apple ( AAPL ), Research in Motion ( RIMM ), and Amazon ( AMZN ) continued to rise.
The Nasdaq failed at 1600 and the Dow Jones is could retest its 50 day moving average next week. 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 2/6/09. Show all posts
Showing posts with label 2/6/09. Show all posts
Friday, February 6, 2009
POT, AAPL, V, DRYS Analysis 2/6/09 - February 6, 2009
I updated the following technical anlaysis charts at http://blackberrystocks.com/charts.html
Technical Analysis Updates: February 6, 2009
Visa - V
Apple - AAPL
Dryships - Drys
Potash - POT
I will sneak in a little side note for the people who view my blog every day. I believe the stock market is rallying today due to the potential of the stimulus package, short covering, and possible change in mark to market accounting rule or a Timothy Geithner toxic asset purchase plan. The Dow has broken out of a trading range and could test the 50 day moving average next week around 8470.
This is a classic buy the rumor day which could extend into early next week, but I believe traders will sell the above news when it is released.
Oil markets: Oil is falling as the back month contract gets sold, and the front month contract comes in. This is effecting the USO in what it called Contango. I am waiting for the USO to close back over the 10 day moving average for a nice rip higher.
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Technical Analysis Updates: February 6, 2009
Visa - V
Apple - AAPL
Dryships - Drys
Potash - POT
I will sneak in a little side note for the people who view my blog every day. I believe the stock market is rallying today due to the potential of the stimulus package, short covering, and possible change in mark to market accounting rule or a Timothy Geithner toxic asset purchase plan. The Dow has broken out of a trading range and could test the 50 day moving average next week around 8470.
This is a classic buy the rumor day which could extend into early next week, but I believe traders will sell the above news when it is released.
Oil markets: Oil is falling as the back month contract gets sold, and the front month contract comes in. This is effecting the USO in what it called Contango. I am waiting for the USO to close back over the 10 day moving average for a nice rip higher.
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Hot Penny Stocks 2/6/09 February 6, 2009 - ZILA, STSA
Today, 2/6/09, 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 6, 2009
Zila ( ZILA ) - $0.66 Up 57% - ZILA has been spling higher for days, larger then average volume. This is the only news I can find that is recent.
Sterling Financial ( STSA ) - $2.08 Up 26.88% - STSA is getting a bounce with the bank stocks such as FITB, HBAN, BAC, C
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Penny Stock Gainers - February 6, 2009
Zila ( ZILA ) - $0.66 Up 57% - ZILA has been spling higher for days, larger then average volume. This is the only news I can find that is recent.
Sterling Financial ( STSA ) - $2.08 Up 26.88% - STSA is getting a bounce with the bank stocks such as FITB, HBAN, BAC, C
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Biggest Stock Gainers 2/6/09 - February 6, 2009
Today, February 6, 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 2/6/09 - Biggest Gainers Today
Skyworks Solutiuons ( SWKS ) - $6.48 Up 29% - Skyworks posts higher 1Q profit. Skyworks 1st-quarter profit climbs 15 percent, revenue nearly flat. I believe Jim Cramer also might like this stock as well.
Fifth Third Bancorp ( FITB ) - $2.00 Up 21.50% - Regional Banks are bouncing today as the market is breaking out to the upside. Also check out HBAN and BAC as well.
Omniture ( OMTR ) - $11.00 Up 21.00% - OMTR reports great earnings - 2008 Revenues Increase 107%; Q4 Revenues Increase 93% Year-Over-Year; More Than 250 New Customers Added in Q4
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 2/6/09 - Biggest Gainers Today
Skyworks Solutiuons ( SWKS ) - $6.48 Up 29% - Skyworks posts higher 1Q profit. Skyworks 1st-quarter profit climbs 15 percent, revenue nearly flat. I believe Jim Cramer also might like this stock as well.
Fifth Third Bancorp ( FITB ) - $2.00 Up 21.50% - Regional Banks are bouncing today as the market is breaking out to the upside. Also check out HBAN and BAC as well.
Omniture ( OMTR ) - $11.00 Up 21.00% - OMTR reports great earnings - 2008 Revenues Increase 107%; Q4 Revenues Increase 93% Year-Over-Year; More Than 250 New Customers Added in Q4
Check out the biggest stock gainers today.
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Art Hogan CNBC Hogan Bottom 2/6/09
Art Hogan - managing director at Jefferies came on CNBC this morning and gave an update on where he stands on the stock market. Art Hogan is famous for a CNBC term, Hogan Bottom.
Art Hogan Comments - February 6, 2009
Things are looking positive
- Market digesting bad news, good sign
- Looking at stimulus plan as being constructive
- You are seeing risk is moving higher, people are buying apparel retailers, people coming out of stocks like Wal Mart ( WMT ) and the 10 year treasury and taking on some risk.
Sectors to Avoid
Residential Real Estate and Auto Sector
What is the Hogan Bottom?
Art Hogan November 2008
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Art Hogan Comments - February 6, 2009
Things are looking positive
- Market digesting bad news, good sign
- Looking at stimulus plan as being constructive
- You are seeing risk is moving higher, people are buying apparel retailers, people coming out of stocks like Wal Mart ( WMT ) and the 10 year treasury and taking on some risk.
Sectors to Avoid
Residential Real Estate and Auto Sector
What is the Hogan Bottom?
Art Hogan November 2008
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Mohamed El Erian Pimco CNBC 2/6/09 Comments
Mohamad El Erian of Pimco was on CNBC today, 2/6/09, and gave some comments on the economy and jobs report that was out today. The US lost 598,000 jobs in January and the unemployment rate shot up to 7.6%. The stock market is bouncing higher on this news, good sign!
Mohammad El-Erian CNBC Comments - February 6, 2009
I think the employment number is very concerning...we lost half of the total jobs in the last
few months....its telling you in a very clear and loud manner that we are in a crisis.
How to fix the financial system?
You need a shock and awe approach to banks balance sheets, you can't do it in rounds like we have been doing it. You need to impact balance sheets enough so private capital can come in, and banks lending can resume.
Take bad assets off balance sheets, its not going to be easy, its not going to be perfect, but
we need something significant.
The global economic crisis will get worse before it gets better, we need to get new capital to come into the market. Right now, the rest of the world is looking to the USA for leadership under President Obama.
For past Mohamad El Erian comments, Go Here
For More Stock Market Updates, visit , http://daytradingstockblog.blogspot.com/ or Subscribe for FREE
Mohammad El-Erian CNBC Comments - February 6, 2009
I think the employment number is very concerning...we lost half of the total jobs in the last
few months....its telling you in a very clear and loud manner that we are in a crisis.
How to fix the financial system?
You need a shock and awe approach to banks balance sheets, you can't do it in rounds like we have been doing it. You need to impact balance sheets enough so private capital can come in, and banks lending can resume.
Take bad assets off balance sheets, its not going to be easy, its not going to be perfect, but
we need something significant.
The global economic crisis will get worse before it gets better, we need to get new capital to come into the market. Right now, the rest of the world is looking to the USA for leadership under President Obama.
For past Mohamad El Erian comments, Go Here
For More Stock Market Updates, visit , http://daytradingstockblog.blogspot.com/ or Subscribe for FREE
Baltic Dry Index Shipping Rates - 2/6/09 BDI
The following is a report on Dry Bulk Shipping Rates for 2/06/09. 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 6, 2009 - Up 14 Straight Days
Baltic Dry Index ( BDI ) - 1642 Up 144
Spot 4 - TC Average - 30001 Up 3506
Baltic Cape Index ( BCI ) - 2999 Up 265
Baltic Panamax Index ( BPI ) - 1251 Up 123
Supramax Index ( BSI ) - 854 Up 71
Past Bulk Shipping Rates
For More Stock Market Updates, visit , http://daytradingstockblog.blogspot.com/ or Subscribe for FREE
http://dryindex.com/
Dry Bulk Shipping Rates - February 6, 2009 - Up 14 Straight Days
Baltic Dry Index ( BDI ) - 1642 Up 144
Spot 4 - TC Average - 30001 Up 3506
Baltic Cape Index ( BCI ) - 2999 Up 265
Baltic Panamax Index ( BPI ) - 1251 Up 123
Supramax Index ( BSI ) - 854 Up 71
Past Bulk Shipping Rates
For More Stock Market Updates, visit , http://daytradingstockblog.blogspot.com/ or Subscribe for FREE
1 and 3 Month Libor Rates - 2/6/09 - Today's Libor Rates
It seems as though everyone is watching Libor rates these days. Today's Libor Rates for 2/6/09, are: 1 Month Libor Rate - 0.449% & 3 Month Libor Rate - 1.241%. The overnight Libor rate is 0.310%. As you can see, Libor Rates have changed today, February 6, 2009. The Overnight Libor Rate fell, 1 month rose, and the 3 month Libor Rate stayed the same.
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
Thursday, February 5, 2009
Dow Jones Futures 2/6/09 - Stock Market Futures
How will the stock market open on Friday - February 6, 2009? The Dow Jones and Stock Market Futures are pointing toward a lower open for pre market trading. All eyes will be on the jobs report due out at 8:30am.
Stock Market Futures 2/6/09 - Pre Market - Updated 7:30am Est
Dow Jones Futures - Down 22
Nasdaq Futures - Down 5
S&P 500 Futures - Down 1
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index
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Stock Market Futures 2/6/09 - Pre Market - Updated 7:30am Est
Dow Jones Futures - Down 22
Nasdaq Futures - Down 5
S&P 500 Futures - Down 1
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 2/6/09 - Stock Market Analysis
The following is Technical Analysis for the Dow Jones ( DJIA ) for 2/6/09Dow Jones Support & Resistance Levels - February 6, 2009
Resistance Levels: 8125, 8400, 8500, 8765
Support Levels: 8000, 7845, 7774, 7500
http://stockcharts.com/ - Chart
The Dow Jones did the opposite of yesterday, opened lower and bounced back huge, but still failed at the 10 day moving average. We have only closed over the 10 day moving average 1 out of the last 19 trading sessions. When this trend changes we could really rip higher and possibly have something sustainable. Dips under 7900 seem to be a good buy but rallies over 8100 seem to be a good sell. If we get two straight days with a close over the 10 day...I think that 8500 level will get tested.
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 2/6/09 February 6, 2009
The following is Technical Analysis for the Nasdaq ( NAS ) for 2/6/09Nasdaq Support & Resistance Levels - February 6, 2009
Resistance Levels: 1568, 1600, 1665
Support Levels: 1525, 1500, 1476, 1434
http://stockcharts.com/ - Chart
The Nasdaq has another great day, briefly breaking 1500 and then bouncing. The Nasdaq closed over the 10 and 50 day moving averages and I now expect us to retest the resistance area between 1568-1573 - if we clear this, there isn't much resistance until 1600 and 1617. Pullbacks under 1500 look great to buy with a stop at around 1475. AAPL, RIMM, GOOG, AMZN and the QQQQ continue to be very strong. Bottom Line: Tech is performing great while the Dow and S&P lag behind. 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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