Dow Jones Close 3/16/09 - Stock Market Closing Prices

Stock Market Closing Prices - 3/16/09

Dow Jones Industrial Average ( DJIA ) Close - 7216.97 Down 7.01
Nasdaq Stock Market Close - 1404.02 Down 27.48
S&P 500 Close - 753.89 Down 2.66
http://dowjonesclose.com

Libor Rates - 3/16/09

Commodities Closing Prices - 3/16/09

Gold - 925
Oil - 47.06
Natural Gas - 3.85

The Dow Jones Industrial Average closed at 7217 on 3/16/09, as the stock market exploded higher in the morning but was weak in the last hour of trading. The financial stocks led the way in the morning but gave back the majority of their gains in late trading. The Dow Jones Futures opened the day strong after Barclays ( BCS ) said they are having a great quarter. The Nasdaq was very weak today as profit taking came into the market. One of the hottest stocks today was Citigroup ( C ) which at one point was trading at $2.68 per share. General Electric ( GE ) hit a high of $10.36 in early trading but then gave back all gains at about 3:45pm.

Financial Bull 3X ( FAS ) hit $5.90 but then hit a new daily low right after 3pm and went on to test $5.00 per share. This is very concerning to me and could be a sign that this stock market run is over for now. This was a huge reversal! Financial Bear 3X ( FAZ ) is now a stock worth watching. If FAS breaks $4.59 which was the low on Friday, things could get ugly!

Tomorrow the Federal Reserve will kick off a two day meeting. In the morning we will get Economic Data such as Building Permits, PPI, Core PPI, and Housing Starts.

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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Biggest Stock Gainers 3/16/09 March 16, 2009

Today, March 16, 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. You can find yesterday's Top Gainers Report Right Here

Hot Stocks 3/16/09 - Biggest Gainers Today

Trex ( TWP ) - $7.03 Up 21.43% - No News on this stock, oversold bounce

Citigroup ( C ) - $2.14 Up 20.22% - Citigroup stock continues to run up after going up 90% last week. Ben Bernanke pretty much made it clear that they will not let any big banks fail. He has been saying this for about a month now, I guess Wall Street takes three weeks to believe him?

Providence Service ( PRSC ) - $4.95 Up 16.20 - PRSC announces earnings date.

Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks

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Hot Penny Stocks 3/16/09 March 16, 2009

Today, 3/16/09, 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. We tend to stay away from OTC and Pink Sheets stocks, especially in this environment! You can find ALL Penny Stock Reports Here


Penny Stock Gainers - March 16, 2009


AgFeed Industries ( FEED ) - $1.69 Up 59.48% - AgFeed Industries, Inc. Reports Record 2008 Financial Results - Net Income of $16.95 million compared to 2007 Net Income of $6.66 million

Caraustar Industries Inc. (CSAR) - $0.12 Up 50.48% - No News

Converted Organics (COIN) - $1.32 Up 37.50% - Converted Organics Completes Shipment of 132 Tons of Organic Fertilizer to Major Retail Distribution Chain - This could be the Home Depot contract announced last year, but COIN isn't saying, I am speculating

American International Group ( AIG ) - $0.60 Up 20%

Blockbuster ( BBI ) - $0.75 Up 16% - Blockbuster Results Likely to Shed Light on Debt

SIRIUS XM Radio ( SIRI ) - $0.25 Up 26% - Mel Karmazin fights to rescue Sirius

Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks


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Baltic Dry Index Shipping Rates 3/16/09 BDI

The following is a report on Dry Bulk Shipping Rates for 3/16/09. 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 - March 16, 2009 - Down 4 Straight Days

Baltic Dry Index ( BDI ) - 2058 Down 64
Spot 4 - TC Average - 22422 Down 1112
Baltic Cape Index ( BCI ) - 2365 Down 89
Baltic Panamax Index ( BPI ) - 2045 Down 113
Supramax Index ( BSI ) - 1694 Down 16
Past Bulk Shipping Rates

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1 and 3 Month Libor Rates - 3/16/09 - Today's Libor Rates

It seems as though everyone is watching Libor rates these days. Today's Libor Rates for 3/16/09, are: 1 Month Libor Rate - 0.556% & 3 Month Libor Rate - 1.309%. The overnight Libor rate is 0.326%. As you can see, Libor Rates have changed today, March 16th, 2009.
The 1 month & 3 Month Libor stayed the same while the Overnight Libor Rate fell.

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

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Bank Stocks 3/16/09 March 16, 2009 - BCS

Today, 3/16/09, the bank stocks are higher again after positive news out of Barclays ( BCS )

Banking Stock Update - March 16, 2009 - Pre Market Trading

Barclays ( BCS ) - $5.04 Up 14% - Barclays has strong start to '09, may sell iShares. Barclays says it made a 'strong start' to year, confirms talks to sell asset iShares unit

Citigroup ( C ) - $1.93 Up 8.43% - Stocks Under $10: Avoid Citigroup

Bank of America ( BAC ) - $6.26 Up 8.68% - Bernanke says recession could end in 2009 - Bernanke: Recession 'probably' will end this year if government stabilizes banking system

American International Group ( AIG ) - $0.57 up 14.00% - AIG handed over $100 billion to major banks, states - Cash was used to cover collateral payments, wind-down derivative contracts.

Financial Bull 3X ( FAS ) - $5.57 Up 8.16%
Financial Bear 3X ( FAZ ) - $38.05 Down 5.35%

Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks

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Dow Jones Futures 3/16/09 Stock Market Futures

How will the stock market open on Monday - March 16, 2009? The Dow Jones and Stock Market Futures are pointing toward a Higher Open for pre market. Check out technical analysis for March 16th. Oil Prices are lower as Opec did not cut production at the OPEC meeting over the weekend. The next meeting is scheduled for May.

The Stock Market is higher due to Barclays ( BCS ) bank in Europe saying they are having a great First Quarter. Citigroup is testing $2 in pre market. All I will say is these banks better show profit in a month when they report earnings or its going to get ugly!

Stock Market Futures 3/16/09 - Pre Market Trading - Updated 8:15am

Dow Jones Futures - Up 69
S&P 500 Futures - Up 9.80
Nasdaq Futures - Up 7.50
Nikkei - 7704 Up 135
Oil Futures - 44.65
Gold Futures - 924.60

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Stock to Buy March 16, 2009 3/16/09

Friday, during regular trading, there were several stocks that exploded higher. The following is a list of stocks you might want to think about buying on March 16th, 2009. Also, check out the Biggest Stock Gainers of the Day.

Stocks to Watch - 3/16/09 - Stock Market Ideas

Bank Stocks - These Banking Stocks are up huge over the past few days and they continue to have momentum: Citigroup ( C ) - Bank of America ( BAC ) - Wells Fargo ( WFC ) - Financial Bull ( FAS ) - JP Morgan ( JPM ). If these stocks start rolling over, look at buying the Financial Bear ( FAZ ). Be careful, these are volatile stocks!

Short ETF's - If the stock market starts going back down, watch these Short ETF's closely. I like FAZ and SRS the best: Financial Bear 3X ( FAZ ) - UltraShort Real Estate ProShares (SRS) - UltraShort Financials ProShares (SKF) - Direxion Small Cap Bear 3X Shares (TZA) -UltraShort S&P500 ProShares (SDS) - If you do it right, these leveraged ETF's provide the volatility to make big gains. Trading these stocks replaces the habit of buying on margin. Take the time to learn about the above ETF's before you start trading them.

Friday's Hot Stocks - As I was saying above, there were some big gainers on Friday that you may want to look into for Monday: American Apparel (APP) - KKR Financial Holdings (KFN) - RAIT Financial Trust (RAS) - Hovnanian Enterprises (HOV) - Blockbuster (BBI) - General Growth Properties (GGP) - Eastman Kodak (EK) - Las Vegas Sands (LVS) - PetroQuest Energy (PQ). 95% of these stocks broke out to the upside after 2pm, this is a key trading pattern that you want to see when looking for momentum stocks. If the stock market is up on Monday, these should see additional gains.

Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks

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Dow Jones Analysis 3/16/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 3/16/09

Dow Jones Support & Resistance Levels - March 16, 2009 - DJI

Resistance Levels: 7449, 7500, 7824, 8000

Support Levels: 7000, 6822, 6500, 6310, 6000

http://stockcharts.com/ - Chart

Stock Market Futures

The Dow Jones has gone up 4 straight days which hasn't happened since the end of November. The Dow will have some resistance at the previous low of 7449 and also 7500. If the Dow Jones can close above these levels, I think it could retest 8000 where the major resistance is.
Dow 7000 now acts as a nice support level, a close below this and we will retest the lows once again. Pullbacks to the 10 day moving average will be a good area to buy as well. The stock market will face a lot of economic data and events ( Fed Meeting, TALF, Market to Market, ect ) next week so it could get very intersting! For More Technical Analysis - Go Here

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Nasdaq Analysis 3/16/09 March 16, 2009

The following is Technical Analysis for the Nasdaq ( IXIC ) for 3/16/09

Nasdaq Support & Resistance Levels - March 16, 2009

Resistance Levels: 1480, 1500, 1600

Support Levels: 1400, 1344, 1300, 1253.22

http://stockcharts.com - Chart

Stock Market Futures

The Nasdaq has gone up 4 straight days and has closed all 4 days above the 10 day moving average. Resistance will be around 1480 ( 50 day moving average ) and 1500. If the Nasdaq gets above 1500 there will be a lot of sellers willing to unload, so its hard for me to see it going that far in such a short amount of time. Support is at the 10 day moving average around 1345. I would be buying a pullback at this level and I strongly believe it will be tested in the coming weeks, although it will be much higher. This will be the first big test! For More Technical Analysis - Go Here

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