Dow Jones Close 3/30/09 - Stock Market Closing Prices

Stock Market Closing Prices - 3/30/09

Dow Jones Industrial Average ( DJIA ) Close - 7522.02 Down 254.16
Nasdaq Stock Market Close - 1501.80 Down 43.40
S&P 500 Close - 787.54 Down 28.40
http://dowjonesclose.com

Libor Rates - 3/30/09

Commodities Closing Prices - 3/30/09

Gold - 921
Oil - 48.60
Natural Gas - 3.75

The Dow Jones Industrial Average closed at 7522 on 3/30/09, as the stock market fell big after news came out over the weekend on General Motors ( GM ) and Chrysler about the risks of Bankruptcy. I watch Citigroup on a daily basis because it has brought me success on predicting where the market is headed next. Citi fell below both moving averages Friday and this told me all is not well with the stock market.

The Dow Jones Futures started the day down big and when stocks opened for regular trading, things got even worse. The good news? Volume was on the light side! The bad news? Many financial stocks broke down through key moving averages today in addition to Citigroup ( C ).

General Electric ( GE ) - Broke below $10 today
Bank of America ( BAC ) - Broke below 10 day moving average
American International Group ( AIG ) - Broke below 50 day moving average
Financial Bull ( FAS ) - Broke 10 day moving average, VERY WEAK today!! Support at $4.60 better hold! This means Financial Bear ( FAZ ) is rockin'

Additional news came out at 3pm on General Motors ( GM ) and Chrysler. The Wall Street Journal is reporting the Obama administration wants to split these two companies up and create a good car bad car company.

Dow Jones and S&P 500 Technical Analysis:

Both the Dow Jones and S&P 500 closed below their 10 and 50 day moving averages...a very bearish signal. I will have full technical analysis of the stock market tonight - Right Here

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Biggest Stock Gainers 3/30/09 March 30, 2009

Today, March 30, 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 3/30/09 - Biggest Gainers Today

Spreadtrum Communications Inc. (SPRD) - $2.14 Up 19.55% - SPRD continues to go higher on last weeks news - Samsung Selects Spreadtrum as New Chipset Supplier.

Financial Bear ( FAZ ) - $22.84 up 14.49% - FAZ, along with the other Short ETF's below are going up as the stock market goes down. The market is down today on fears that GM and or Chrysler could actually go bankrupt in a few months. Before we thought there was no chance, now it appears that there is a chance!

UltraShort FTSE/Xinhua China 25 ProShare ( FXP ) - $28.10 Up 13.86%

Direxion Small Cap Bear 3X Shares (TZA) - $55.50 Up 14.50%

UltraShort Basic Materials ProShares (SMN) - $34.78 Up 10.94%

PowerShares DB Crude Oil Dble Short ETN (DTO) - $164 Up 10.98%

UltraShort Financials ProShares (SKF) - $105 Up 10.50%

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

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Hot Penny Stocks 3/30/09 March 30, 2009

Today, 3/30/09, 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 30, 2009

Gentium S.p.A (GENT) - $1.60 Up 121% - Gentium Announces Preliminary Results from a Phase 2/3 European Pediatric Prevention Trial for Veno-Occlusive Disease at the European Group for Blood and Marrow Transplantation Annual Meeting.

Phoenix Companies Inc. ( PNX ) - $1.08 Up 8% - No News, was $0.80

GTC Biotherapeutics (GTCB) - $0.37 Up 12% - GTC Biotherapeutics Reports Progress in Preparations to Launch ATryn in the U.S.

Manitex International, Inc. (MNTX) - $0.98 Up 63.33%

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Baltic Dry Index Shipping Rates 3/30/09 BDI

The following is a report on Dry Bulk Shipping Rates for 3/30/09. 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 30, 2009 - Down 14 Straight Days

Baltic Dry Index ( BDI ) - 1646 Down 32
Spot 4 - TC Average - 18258 Down 206
Baltic Cape Index ( BCI ) - 2078 Down 14
Baltic Panamax Index ( BPI ) - 1434 Down 58
Supramax Index ( BSI ) - 1313 Down 25
Past Bulk Shipping Rates

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Bank Stocks 3/30/09 March 30, 2009 - FAZ

The Bank Stocks are opening very weak as futures plunge on fresh worries the Obama administration would let a car maker go bankrupt. Also, Over the weekend, the Bank of England sold off core parts of mutually owned Dunfermline Building Society to Nationwide Building Society to protect depositors and safeguard financial stability. The Bank of England said it conducted a sale process conducted over the weekend following a significant deterioration in Dunfermline's financial position.

Bank Stock Update - 3/30/09 - Pre Market Trading

Financial Bear ( FAZ ) - $22.60 Up 13.28%

Citigroup ( C ) - $2.43 Down 7.25% - Citi fell below both moving averages on Friday so you could see this coming.

Bank of America ( BAC ) - $6.97 Down 6.40%

Financial Bull ( FAS ) - $5.58 Down 11.99%

American International Group ( AIG ) - $0.94 Down 7.84%

General Electric ( GE ) - $10.39 Down 3.62%

Wells Fargo ( WFC ) - $14.77 Down 5.26%

Barclays ( BCS ) - $8.90 Down 10.01

JP Morgan ( JPM ) - $26.37 Down 3.76%

SPDRs ( SPY ) - $80.15 Down 1.79%

UltraShort Financials ProShares ( SKF ) - $103.85 Up 9.33%

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1 and 3 Month Libor Rates - 3/30/09 - Today's Libor Rates

It seems as though everyone is watching Libor rates these days. Today's Libor Rates for 3/30/09, are: 1 Month Libor Rate - 0.509%. & 3 Month Libor Rate - 1.208%. The overnight Libor rate is 0.286%. As you can see, Libor Rates have changed today, March 30th, 2009. The 1 & 3 Month Libor Rates fell while the Overnight rate went up.

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

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Dow Jones Futures 3/30/09 Stock Market Futures

How will the stock market open on Monday - March 30, 2009? The Dow Jones and Stock Market Futures are pointing toward a lower open for pre market. Check out technical analysis for March 30th. Wall Street is fearing the Obama adminitration could let one of automakers fail, a day after GM CEO Rick Wagoner was forced out. Each time we see the Government try to run Wall Street, the stock market tanks!

Stock Market Futures 3/30/09 - Pre Market Trading - Updated 7:15am EST

Dow Jones Futures - Down 133
S&P 500 Futures - Down 15
Nasdaq Futures - Down 20
Nikkei - 8236 Down 391
Oil Futures - 50.65
Gold Futures - 913

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GM CEO Rick Wagoner to Resign 3/30/09

There are several report flying around the General Motors CEO Rick Wagoner is set to resign immediately. Below are some of the articles:

CNBC -General Motors Chairman and CEO Rick Wagoner is stepping down as head of the embattled automaker CNBC has learned Sunday.

AP - AP Source: GM CEO Wagoner to step down immediately

So what does this mean for General Motors ( GM ) stock on March 30, 2009? I would guess that this is a positive news development for the company. This guy failed as a CEO. When sports coaches do a horrible job, they get fired almost immediately. For some reason, this does not happen in the financial world. Take Mel Karmazin of Sirius XM Radio ( SIRI ) for example. All this guy did over the past 5 years was pump his stock and look where it is today. From $7 to almost bankrupt. Mel Karmazin is still the CEO, I don't get it!

Nevertheless, I think GM should do good on this news tomorrow!! Could new blood save GM? You can't do much worse!

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Apple AAPL Stock Analysis March 2009 - 3/30/09

The following is technical analysis of Apple ( AAPL ) stock for March 30, 2009.

AAPL Support & Resistance Levels - 3/30/09

Resistance Levels: $110, $112.19

Support Levels: $103.73, $100, $95, $93.68

http://stockcharts.com - Chart

Apple recently broke out of a trading range between $80-$103 and topped out at $109.98. A break above this level will take aapl back to the major resistance area between $112-$117. AAPL stock will have problems in that area. The fact that Apple broke out of the previous resistance level ( 103.60 ) tells me that pullbacks under $100 will now be bought heavily. I think Apple will see retests of the 50 day moving average but the stock market would really have to roll over for Apple to see the $80's again. The new trading range should be between $95-$115 for Apple stock. For More Technical Analysis - Go Here

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GE Stock Analysis 3/30/09 March 30, 2009

The following is technical analysis of General Electric ( GE ) stock for March 30, 2009.

GE Support & Resistance Levels - 3/30/09

Resistance Levels: $11.00, $11.35

Support Levels: $10.36, $10, $8.50, $8

http://stockcharts.com - Chart

General Electric is trading above both key moving averages, the 10 & 50 day moving averages. The rally seems to be fizzling out so I will be watching the support range between $10.36 and $10.00 very closely. I strongly believe that if this rally is for real, GE stock will stay above $10. A close below $10 will take GE back to the $8.00-$8.50 area. On the upside, the $11 - $11.35 area will offer resistance, a close over $11.35 will extend this rally even further. After $11.35, the next major resistance level is $12.53 For More Technical Analysis - Go Here

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FAS - FAZ Stock Analysis March 30, 2009

The Direxion Financial Bull 3X Shares EFT ( FAS ) and the Direxion Financial Bear 3X Shares EFT ( FAZ ) have been very active over the past six months. The following is technical analysis on Financial Bull ( FAS ) for 3/30/09. Knowing the support and resistance levels of FAS will help you trade FAZ.

Fas Support and Resistance Levels - March 30, 2009

Resistance Levels: $6.91, $7.00, $7.80

Support Levels: $6.14, $6.00, $5.50, $5.00

http://stockcharts.com - Chart

I trade FAS or FAZ on a daily basis and watch both stocks closely. FAS is trading right between both key short term moving averages, 10 & 50 day. Fas has never closed above the 50 day moving average since it has come into play. Last week, FAS tried many times to get above this level but failed each time. I am watching this level closely because if FAS does get above the 50 day moving average, I think there will be a nice breakout. An actual close above the 50 day will be even more bullish. On the downside, I watch the 10 day moving average, a close below this level and fas could be headed back to $5.00. FAZ would then heat up.

These are the things I am watching as far as the Financial Bull goes. The FAS technicals help me to trade FAZ.

For More Technical Analysis - Go Here

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FRE Stock Analysis March 30 2009 3/30/09

The following is technical analysis of Freddie Mac ( FRE ) stock for 3/30/09

FRE Support and Resistance Levels - March 30, 2009

Resistance Levels: $1.00, $1.50

Support Levels: $0.80, $0.59, $0.50

http://stockcharts.com - Chart

FRE stock has managed to close over the 10 day moving average unlike what Fannie Mae has done. $0.80 is a critical support level for FRE, any close below this level and Freddie will be headed back to the 50 day moving average at $0.59. Like FNM, I would be a buyer on a close over $1.00. The real break out will start on a close over $1.50 but this is a long ways away. Keep an eye on $1.00 and the 50 day moving average for signals of the next big move. For More Technical Analysis - Go Here

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FNM Stock Analysis March 30 2009 3/30/09

The following is technical analysis of Fannie Mae ( FNM ) stock for 3/30/09

FNM Support and Resistance Levels - March 30, 2009

Resistance Levels: $0.75, $1.00

Support Levels: $0.58, $0.50

http://stockcharts.com - Chart

FNM stock has closed back below the 10 day moving average...the first signs of weakness but we will have to give this a few days. Resistance will be at $0.75 which is the 10 day moving average and the high on Friday. If FNM can poke above this level, there will be signs of life once again. Watch $0.75 from here on out. If FNM fails to get back above $0.75 and stay there, the 50 day moving average is the next major support level located at $0.58. For a long term stand point, I will be buying the first close over $1.00. For More Technical Analysis - Go Here

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AIG Stock Analysis March 30, 2009 3/30/09

The following is technical analysis on American International Group ( AIG ) stock for 3/30/09

AIG Support & Resistance Levels - March 30, 2009

Resistance Levels: $1.22, $1.25, $1.54, $2.00

Support Levels: $0.93, $0.75, $0.50

http://stockcharts.com - Chart

AIG failed to hold the 10 day moving average on a closing basis and is now testing the 50 day moving average. If this area ( currently 0.93 ) does not hold, AIG could be headed back to the $0.50-$0.75 range. On the upside, there will be resistance between $1.22-$1.25, a close above this area would be bullish and bring in additional buyers. The good news is AIG held the 50 day moving average on Friday!

For More Technical Analysis - Go Here

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BAC Stock Analysis 3/30/09 March 30 2009

The following is a Bank of America ( BAC ) stock technical analysis for March 30, 2009.

Bank of America Support & Resistance Levels - 3/30/09

Resistance Levels: $7.00, $7.50, $8.57

Support Levels: $5.95, $5.00

http://stockcharts.com

BAC stock continues to stay above the 10 day moving average, a very bullish and healthy sign. Any close below this level and Bank of America will retest the 50 day moving average. As long as a stock remains above the 50 day moving average, I will buy the pullbacks. Anything under the 50 day and I will be shorting it.

On the upside, if BAC trades back above $8, it will get my attention and I will be buying. A close above $8.57 would cause another break out toward the $10 level and possibly higher. Bottom Line: Pay attention to both moving averages and $8.00.

For More Technical Analysis - Go Here

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Citigroup C Stock 3/30/09 March 30, 2009

The following is a little Citigroup ( C ) stock technical analysis for March 30, 2009.

Citigroup Support & Resistance Levels - 3/30/09

Resistance Levels: $2.77, $3.00, $3.35, $3.89

Support Levels: $2.54, $2.40, $2.00

http://stockcharts.com - Chart

After struggling the last few days to get back above $3.00, Citigroup stock has now closed back below both the 10 and 50 day moving averages. Although one day doesn't make a trend, it could be the start of one. Citi does have solid support at $2.40 so a close below that price would be very bearish and confirmation of another breakdown. $2.00 would be the next support level. A close back above $3.00 would be very bullish and I will even be a buyer. Keep an eye out for earnings coming April 17, 2009.

Something else to keep in mind, the last big down leg in the stock market started with Citigroup stock breaking down. It is unclear whether the market will continue to follow Citi's stock trend but this is the first sign of technical weakness I have seen over the past three weeks. It is definitely something to keep an eye on!

For More Technical Analysis - Go Here

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Top Stocks 2009 March 2009 Stock Gainers - Update

Below is an up to date list of the Top Stock Gainers so far in 2009. As a filter, only stocks with at least 50,000 in volume and over $2 per share price are included. Topping the list once again is Anady's Pharmaceuticals ( ANDS ). You can find my previous report - Right Here

Top Stocks List -2009 - March 30, 2009

#1 Anady's Pharmaceuticals ( ANDS ) - $7.01 Up 347% in 2009
#2 The Providence Service ( PRSC ) - $5.29 Up 272% in 2009
#3 DuPont Fabros Technology ( DFT ) - $6.48 Up 213% in 2009
#4 Palm ( PALM ) - $8.80 Up 187% in 2009
#5 Smith & Wesson Holding Corporation ( SWHC ) - $6.04 Up 166% in 2009
#6 MIPS Technologies ( MIPS ) - $2.92 Up 163% in 2009
#7 GT Solar International, Inc. ( SOLR ) - $6.64 Up 130% in 2009
#8 Osteotech, Inc. ( OSTE ) - $3.66 Up 117% in 2009
#9 Sprint ( S ) - $3.96 Up 116% in 2009
#10 Ivanhoe Mines Ltd ( IVN ) - $5.84 Up 116% in 2009
#11 Internet Gold Golden Lines ( IGLD ) - $4.87 Up 108% in 2009
#12 Richmont Mines Inc. ( RIC ) - $3.55 Up 106% in 2009
#13 MF Global ( MF ) - $4.20 Up 106% in 2009

You can see the full list of Biggest 2009 Stock Gainers Updated Daily - Right Here

Also, check out the Top Penny Stocks in 2009 - Right Here

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Stocks to Buy March 30, 2009 3/30/09

Friday, during regular trading hours, there were many stocks that continued to break out to the upside. Below is a list of stocks that are worth watching for March 30, 2009. Also, check out the Biggest Stock Gainers of the Day. You can also find previous stocks to buy reports - Right Here

Stocks to Watch - 3/30/09 - Stock Market Ideas

Financials: JP Morgan ( JPM ) CEO Jamie Dimon said in an interview on CNBC that March was a " little tougher " then previous months. Bank of America ( BAC ) CEO Ken Lewis said that their trading book was not as good as the first two months. These statements caused bank stocks to plunge late in the day. Financial Bear 3x ( FAZ ) spiked near $20, just shy of the high of the day. Financial Bull 3x ( FAS ) hit support of $6.27. These two stocks are awesome trading stocks! As long as the FAS continues to close over $6.00, I continue to buy the dips and sell the rips. If and when FAS closes above $7, the real fireworks will begin. Citigroup ( C ) was weak all day and is one of the first bank stocks to close under both the 10 & 50 day moving averages after the huge rally. If you are long FAZ, this is your first sign of weakness in the financials. The company that started this whole rally ( Citi ) is breaking down. Of course, one day doesn't make a trend....keep an eye on this situation.

Short ETF's: Since the market was down Friday, these short ETF's saw some nice money flowing into them. Keep in mind, all of these stocks are below their 10 day moving average so until this changes, be cautious. In addition to Financial Bear ( FAZ ), keep an eye on these short ETF's.

Small Cap Bear 3X Shares (TZA)
Energy Bear 3X Shares (ERY)
UltraShort Real Estate ProShares (SRS)
UltraShort Financials ProShares (SKF)
Large Cap Bear 3X Shares (BGZ)

Penny Stocks Gainers - The following Penny Stocks had a great day on Friday. These stocks not only had momentum, they had huge up volume. Keep an eye on these stocks on Monday.

Quantum (QTM)
Lundin Mining (LMC)
Spreadtrum Communications (SPRD)
La Jolla Pharmaceutical (LJPC)
XTL Biopharmaceuticals (XTLB)
ValueVision Media (VVTV)
Ballard Power Systems (BLDP)
Unisys Corporation (UIS)
KKR Financial Holdings (KFN)
Dynegy (DYN)

Stock Gainers Over $2 - The most impressive stock on Friday was Dryships ( DRYS ). After reporting worse then expected earnings last week, the stock continued the recent uptrend. A stock going up on bad news, we like that! Support at $4.50 held and now DRYS is testing the 50 day moving average. Drys stock was very strong despite a very weak stock market. I think a close over the 50 day moving average ( $6.10 ) should take it back into the $7.30-$9 trading range. Also, keep an eye on the following stocks that were breaking out Friday in a very tough stock market.

Consolidated Water (CWCO)
Clarient (CLRT)
SYNNEX (SNX)
Apollo Investment (AINV)
Barclays (BCS)
NovaGold Resources (NG)
Liz Claiborne (LIZ)
United Rentals (URI)
Plantronics (PLT)
Lloyds Banking Group (LYG)
Excel Maritime Carriers (EXM)
Mueller Water Products (MWA)
Waters (WAT)
Lululemon Athletica (LULU)

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Dow Jones Analysis 3/30/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 3/30/09

Dow Jones Support & Resistance Levels - March 30, 2009

Resistance Levels: 8000, 8250

Support Levels: 7597, 7500

http://stockcharts.com/ - Chart

Stock Market Futures

The Dow Jones failed at 8000 for the second straight day. This is a major resistance level. We ended at 7776 so we are now 180 above the 50 day moving average which is support. These are you two points to trade off of. A break above 8000 will be bullish for stocks, a break below the 50 day will be bearish for stocks. Keep an eye on Citigroup as Citi closed below both 10 & 50 day moving averages today. This could be the first sign of things to come as Citi started this massive rally! For More Technical Analysis - Go Here

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S&P 500 Analysis 3/30/09 March 30, 2009

The following is Technical Analysis for the S&P 500 ( IXIC ) for 3/30/09

S&P 500 Support & Resistance Levels - March 30, 2009

Resistance Levels: 833, 850

Support Levels: 810, 800, 798, 791

http://stockcharts.com/ - Chart

Stock Market Futures

The S&P 500 is showing a top tag from yesterday of 832.98. This area will be a minor resistance level going forward. The downtrend line of the previous highs still extend well above 850 and this is where I feel we will top out at in the short term. The 10 day moving average is crossing the 50 day moving average, this is a bullish signal. Any close below both the 10 and 50 day moving averages from here on out would be bearish. Also, a close below 800 would be bearish as well. If this rally is for real, 800 will hold on a closing basis now that we've spent so much time about it. For More Technical Analysis - Go Here

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