Jazz Pharmaceuticals, Inc. (JAZZ) stock is soaring afterhours tonight ( 6/24/09 ) on the following news. $4.02 Up 24%. Expect the stock to be very active on June 25, 2009
Discuss Stocks - http://stockstobuy.org
Jazz Pharmaceuticals and UCB Announce Second Phase III Study of Sodium Oxybate in Patients With Fibromyalgia Meets Primary Endpoints
Preliminary top-line results of second Phase III study show highly significant decreases in pain and fatigue and improved daily function in fibromyalgia patients and confirm results from the first Phase III study
PALO ALTO, Calif., and BRUSSELS, June 24, 2009 /PRNewswire-FirstCall via COMTEX/ -- press release, regulated information -- Jazz Pharmaceuticals, Inc. (Nasdaq: JAZZ) and UCB (Euronext Brussels: UCB) announced today positive preliminary top-line results from the second of two Phase III clinical trials of sodium oxybate (JZP-6) for the treatment of fibromyalgia. Confirming the positive results from the first Phase III study, this international, placebo-controlled trial of sodium oxybate to treat fibromyalgia achieved its key endpoints. As in the first randomized, double-blind fibromyalgia study, sodium oxybate significantly decreased pain and fatigue and improved daily function and patient global impression of change. Sodium oxybate has not been evaluated by regulators for the treatment of fibromyalgia and is not approved for this use.
"Fibromyalgia is a chronic illness, characterized by widespread pain, unrefreshing sleep, chronic fatigue, and psychological distress," said I. Jon Russell, M.D., Ph.D., lead investigator in the first Phase III study and Associate Professor of Medicine, Division of Clinical Immunology and Rheumatology, and Director, University Clinical Research Center, University of Texas Health Science Center at San Antonio. "Sodium oxybate has shown a positive effect on a number of the symptoms of fibromyalgia, and thus could have a significant impact on patients' quality of life."
Full Article Here
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Showing posts with label 6/24/09. Show all posts
Showing posts with label 6/24/09. Show all posts
Wednesday, June 24, 2009
Dow Jones Close 6/24/09 - Stock Market Closing Prices
Stock Market Closing Prices - 6/24/09
Dow Jones Industrial Average ( DJIA ) Close - 8299.86 Down 23.05
Nasdaq Stock Market Close - 1792.34 Up 27.42
S&P 500 Close - 900.94 Up 5.84
http://dowjonesclose.com
Libor Rates - 6/24/09 - Mortgage Rates
Commodities Closing Prices - 6/24/09
Gold - 932
Oil - 68.58
Natural Gas - 3.77
Discuss Stocks - www.stockstobuy.org
The Dow Jones Industrial Average closed at 8300 on 6/24/09, as the stock market was mixed due to a lack luster Federal Reserve report and a powerful earnings report out of Oracle Inc ( NASDAQ:ORCL) which rallied the technology sector. The Dow Jones Futures were up nicely this morning and shot up even more on a better then expected durable goods report. Durable Good Orders were up 1.8% vs ( -0.90%) expected. The Dow Jones was up almost 100 at one point but then fell 150 points after the Federal Reserve released their statement. Before the FOMC statement, Warren Buffett told CNBC viewers that he doesn't see these so called green shoots everyone is talking about. The Dow Jones continues to hold key the support level of 8250 but still trades below the 50 day moving average. Keep an eye on the initial jobless claims number due out at 8:30am EST, Thursday. Wall Street expects 608,000 jobless claims. A break under 600,000 would be a positive sign. Check out some of the events I will be watching for Thursday.
Also, Check out my stocks to watch report for Wednesday. I will also have technical analysis of the stock market tonight - Right Here
Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index
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Dow Jones Industrial Average ( DJIA ) Close - 8299.86 Down 23.05
Nasdaq Stock Market Close - 1792.34 Up 27.42
S&P 500 Close - 900.94 Up 5.84
http://dowjonesclose.com
Libor Rates - 6/24/09 - Mortgage Rates
Commodities Closing Prices - 6/24/09
Gold - 932
Oil - 68.58
Natural Gas - 3.77
Discuss Stocks - www.stockstobuy.org
The Dow Jones Industrial Average closed at 8300 on 6/24/09, as the stock market was mixed due to a lack luster Federal Reserve report and a powerful earnings report out of Oracle Inc ( NASDAQ:ORCL) which rallied the technology sector. The Dow Jones Futures were up nicely this morning and shot up even more on a better then expected durable goods report. Durable Good Orders were up 1.8% vs ( -0.90%) expected. The Dow Jones was up almost 100 at one point but then fell 150 points after the Federal Reserve released their statement. Before the FOMC statement, Warren Buffett told CNBC viewers that he doesn't see these so called green shoots everyone is talking about. The Dow Jones continues to hold key the support level of 8250 but still trades below the 50 day moving average. Keep an eye on the initial jobless claims number due out at 8:30am EST, Thursday. Wall Street expects 608,000 jobless claims. A break under 600,000 would be a positive sign. Check out some of the events I will be watching for Thursday.
Also, Check out my stocks to watch report for Wednesday. I will also have technical analysis of the stock market tonight - Right Here
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
Warren Buffett CNBC June 24, 2009 6/24/09
Warren Buffett was on CNBC today ( June 24, 2009 ) and gave comments on how things are going in the economy.
Warren Buffett Interview on CNBC - 6/24/09
Economic Progress: It's been pretty flat since we last talked in May, in terms of the Economy coming back, it takes awhile. Job's are the most important problem we need to solve right now.
Green Shoots - We're not seeing " green shoots ", industrial demand is still down, these green shoots haven't happened yet lol. ( Warren also said he just had eye surgery and he still can't see them )
President Obama: The Obama administration is doing things, and it will take awhile for them to take effect
Ben Bernanke: I don't think you can do better then him, he should be re elected
Inflation/Deflation? I don't worry about deflation at all, we won't see it - We have taken action on fighting this economic war which raises the probability of very high inflation.
Wells Fargo WFC: I'm sure Wells Fargo wants to get out of TARP ASAP. Earnings power is huge no matter what. I just wish they wouldn't have taken the warrants that came with the tarp.
Apple ( AAPL ) - Steve Jobs: I think if I have any serious operation or medical condition coming up I would tell America. I would make full disclosure if I become ill.
Stock Market Prediction: I think its attractive over the next 10 years, equities will do better then fixed dollar investments.
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Warren Buffett Interview on CNBC - 6/24/09
Economic Progress: It's been pretty flat since we last talked in May, in terms of the Economy coming back, it takes awhile. Job's are the most important problem we need to solve right now.
Green Shoots - We're not seeing " green shoots ", industrial demand is still down, these green shoots haven't happened yet lol. ( Warren also said he just had eye surgery and he still can't see them )
President Obama: The Obama administration is doing things, and it will take awhile for them to take effect
Ben Bernanke: I don't think you can do better then him, he should be re elected
Inflation/Deflation? I don't worry about deflation at all, we won't see it - We have taken action on fighting this economic war which raises the probability of very high inflation.
Wells Fargo WFC: I'm sure Wells Fargo wants to get out of TARP ASAP. Earnings power is huge no matter what. I just wish they wouldn't have taken the warrants that came with the tarp.
Apple ( AAPL ) - Steve Jobs: I think if I have any serious operation or medical condition coming up I would tell America. I would make full disclosure if I become ill.
Stock Market Prediction: I think its attractive over the next 10 years, equities will do better then fixed dollar investments.
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Biggest Stock Gainers 6/24/09 June 24, 2009
Today, June 24, 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 my Past, Current, and Future Stock Gainers Report Right Here
Top Stocks 6/24/09 - Biggest Gainers Today
Discuss Stocks - www.stockstobuy.org
Crosstex Energy Inc. (XTXI) - $3.78 Up 22.73% - No News
Republic Airways Holdings Inc. (RJET) - $7.01 Up 16.83% - Indiana-based Republic buying Midwest Airlines
MGIC Investment Corp. (MTG) - $3.89 Up 13.08% - USA Today: MGIC's Culver golfing less during recession
OncoGenex Pharmaceuticals, Inc. (OGXI) - $21.98 Up 13.18% - One of the Top 2009 Stocks - OncoGenex Pharmaceuticals Completes Amendment to Phase 3 Special Protocol Assessment for Confirming Survival Benefit in Patients Receiving OGX-011 with First-Line Docetaxel for Metastatic Prostate Cancer
Sequenom Inc. (SQNM) - $4.07 Up 12.43% - No News, back above $4 is a bullish sign
TBS International Limited (TBSI) - $7.60 Up 11.60% - No News, deadcat bounce
Sonic Corp. (SONC) - $11.04 Up 10.23% - Sonic Q3 profit tops Street
Spectrum Pharmaceuticals, Inc. (SPPI) - $5.78 Up 10.31% - Spectrum Pharmaceuticals Receives $10 Million from Two Institutional Investors at $5.83 Per Share - SPPI FDA Decision due next week.
Other Stock Gainers - 6/24/09
DCAP Group Inc. (DCAP)
American Greetings Corp. (AM)
Star Buffet Inc. (STRZ)
Radian Group Inc. (RDN)
Microvision Inc. (MVIS)
Rosetta Resources, Inc. (ROSE)
Acacia Research Corporation (ACTG)
Silicon Motion Technology Corp. (SIMO)
TriQuint Semiconductor, Inc. (TQNT)
Uranium Energy Corp. (UEC)
Virgin Mobile USA, Inc. (VM)
Direxion Daily Emrg Mrkts Bull 3X Shares (EDC)
Metalico Inc. (MEA)
Zoltek Companies Inc. (ZOLT)
Entegris, Inc. (ENTG)
Petroleum Development Corp. (PETD)
ReneSola Ltd. (SOL)
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
You can find my Past, Current, and Future Stock Gainers Report Right Here
Top Stocks 6/24/09 - Biggest Gainers Today
Discuss Stocks - www.stockstobuy.org
Crosstex Energy Inc. (XTXI) - $3.78 Up 22.73% - No News
Republic Airways Holdings Inc. (RJET) - $7.01 Up 16.83% - Indiana-based Republic buying Midwest Airlines
MGIC Investment Corp. (MTG) - $3.89 Up 13.08% - USA Today: MGIC's Culver golfing less during recession
OncoGenex Pharmaceuticals, Inc. (OGXI) - $21.98 Up 13.18% - One of the Top 2009 Stocks - OncoGenex Pharmaceuticals Completes Amendment to Phase 3 Special Protocol Assessment for Confirming Survival Benefit in Patients Receiving OGX-011 with First-Line Docetaxel for Metastatic Prostate Cancer
Sequenom Inc. (SQNM) - $4.07 Up 12.43% - No News, back above $4 is a bullish sign
TBS International Limited (TBSI) - $7.60 Up 11.60% - No News, deadcat bounce
Sonic Corp. (SONC) - $11.04 Up 10.23% - Sonic Q3 profit tops Street
Spectrum Pharmaceuticals, Inc. (SPPI) - $5.78 Up 10.31% - Spectrum Pharmaceuticals Receives $10 Million from Two Institutional Investors at $5.83 Per Share - SPPI FDA Decision due next week.
Other Stock Gainers - 6/24/09
DCAP Group Inc. (DCAP)
American Greetings Corp. (AM)
Star Buffet Inc. (STRZ)
Radian Group Inc. (RDN)
Microvision Inc. (MVIS)
Rosetta Resources, Inc. (ROSE)
Acacia Research Corporation (ACTG)
Silicon Motion Technology Corp. (SIMO)
TriQuint Semiconductor, Inc. (TQNT)
Uranium Energy Corp. (UEC)
Virgin Mobile USA, Inc. (VM)
Direxion Daily Emrg Mrkts Bull 3X Shares (EDC)
Metalico Inc. (MEA)
Zoltek Companies Inc. (ZOLT)
Entegris, Inc. (ENTG)
Petroleum Development Corp. (PETD)
ReneSola Ltd. (SOL)
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks
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Hot Penny Stocks 6/24/09 June 24, 2009
Today, 6/24/09, 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 but we do list some on occasion. You can find ALL Penny Stock Reports Here
Penny Stock Gainers - June 24, 2009
Discuss Stocks - http://stockstobuy.org
Arrowhead Research Corp. (ARWR) - $0.65 Up 62.52% - Arrowhead Subsidiary Calando Pharmaceuticals Enters into License Agreement with Cerulean Pharma Inc.
Leading Brands Inc. (LBIX) - $0.27 Up 29.19% - Leading Brands, Inc. Announces Results for the First Quarter of Its 2009 Fiscal Year
Nextwave Wireless Inc. (WAVE) - $0.66 Up 40.47% - No News
PMI Group Inc. (PMI) - $2.00 Up 12.36% - No News
Peregrine Pharmaceuticals Inc. (PPHM) - $0.86 Up 7.51% - Peregrine Pharmaceuticals Awarded Broad New U.S. Patent for Vascular Imaging Applications of Its PS-Targeting Platform
Beazer Homes USA Inc. (BZH) - $1.83 Up 5.78% - May new home sales dip 0.6 percent
ULURU Inc. (ULU) - $0.17 Up 5.77% - No News
Sea 2 Sky Corporation (SSKY.OB) - $0.39 Up 39.29% - Retransmission: Sea 2 Sky Secures $757 Million Wood Fiber Supply Contract in New Zealand
Affinity Mediaworks Corp (AFFW.OB) - $0.47 up 6.82% - Affinity Mediaworks Corp. to Produce "Traces Of Danger"
Magnum d'Or Resources Inc. (MDOR.OB) - $1.17 Up 11.90% - Grass Roots and Cohen Independent Research Group Releases Updated Buy Rating on MDOR at $3.14 with a Positive Research Report Indicating $4.34 Target Price
EAGLE ROCK ENTERPRIS (EREI.PK) - $0.027 Up 116% - Worldwide Food Services (EREI) Signs Agreement for Food Kits
HARD TO TREAT DISEAS (HTDS.PK) - $0.0012 Up 71.43% - Hard To Treat Diseases (HTDS.PK) To Regain Intellectual Property (IP) Ownership
Other Penny Stock Gainers: 6/24/09
Aries Maritime Transport Ltd. (RAMS)
Rite Aid Corp. (RAD)
Basin Water Inc. (BWTR)
Metabasis Therapeutics Inc. (MBRX)
Cell Genesys, Inc. (CEGE)
Converted Organics Inc (COIN)
Cell Therapeutics, Inc. (CTIC)
Mesa Air Group Inc. (MESA)
Barzel Industries Inc. (TPUT)
SpongeTech Delivery Systems, Inc. (SPNG.OB)
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Stock Message Board
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Penny Stock Gainers - June 24, 2009
Discuss Stocks - http://stockstobuy.org
Arrowhead Research Corp. (ARWR) - $0.65 Up 62.52% - Arrowhead Subsidiary Calando Pharmaceuticals Enters into License Agreement with Cerulean Pharma Inc.
Leading Brands Inc. (LBIX) - $0.27 Up 29.19% - Leading Brands, Inc. Announces Results for the First Quarter of Its 2009 Fiscal Year
Nextwave Wireless Inc. (WAVE) - $0.66 Up 40.47% - No News
PMI Group Inc. (PMI) - $2.00 Up 12.36% - No News
Peregrine Pharmaceuticals Inc. (PPHM) - $0.86 Up 7.51% - Peregrine Pharmaceuticals Awarded Broad New U.S. Patent for Vascular Imaging Applications of Its PS-Targeting Platform
Beazer Homes USA Inc. (BZH) - $1.83 Up 5.78% - May new home sales dip 0.6 percent
ULURU Inc. (ULU) - $0.17 Up 5.77% - No News
Sea 2 Sky Corporation (SSKY.OB) - $0.39 Up 39.29% - Retransmission: Sea 2 Sky Secures $757 Million Wood Fiber Supply Contract in New Zealand
Affinity Mediaworks Corp (AFFW.OB) - $0.47 up 6.82% - Affinity Mediaworks Corp. to Produce "Traces Of Danger"
Magnum d'Or Resources Inc. (MDOR.OB) - $1.17 Up 11.90% - Grass Roots and Cohen Independent Research Group Releases Updated Buy Rating on MDOR at $3.14 with a Positive Research Report Indicating $4.34 Target Price
EAGLE ROCK ENTERPRIS (EREI.PK) - $0.027 Up 116% - Worldwide Food Services (EREI) Signs Agreement for Food Kits
HARD TO TREAT DISEAS (HTDS.PK) - $0.0012 Up 71.43% - Hard To Treat Diseases (HTDS.PK) To Regain Intellectual Property (IP) Ownership
Other Penny Stock Gainers: 6/24/09
Aries Maritime Transport Ltd. (RAMS)
Rite Aid Corp. (RAD)
Basin Water Inc. (BWTR)
Metabasis Therapeutics Inc. (MBRX)
Cell Genesys, Inc. (CEGE)
Converted Organics Inc (COIN)
Cell Therapeutics, Inc. (CTIC)
Mesa Air Group Inc. (MESA)
Barzel Industries Inc. (TPUT)
SpongeTech Delivery Systems, Inc. (SPNG.OB)
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Stock Message Board
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Stock Market Rising on Durable Goods 6/24/09
The stock market is rising this morning, June 24, 2009, as the Durable Goods data came in much better then expected.
Wall Street expected the May 2009 Durable Goods figure to come in -0.90% but it actually came in +1.80%
Stock Market Futures are soaring with the Down Jones up 75 points as we head into the open today.
All eyes will be on the Federal Reserve ( FOMC ) decision which is expected at 2:15pm EST.
Check out more events today.
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Wall Street expected the May 2009 Durable Goods figure to come in -0.90% but it actually came in +1.80%
Stock Market Futures are soaring with the Down Jones up 75 points as we head into the open today.
All eyes will be on the Federal Reserve ( FOMC ) decision which is expected at 2:15pm EST.
Check out more events today.
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Baltic Dry Index Shipping Rates 6/24/09 BDI
The BDI data is critical for how the DryBulk Shipping Stocks such as DryShips Inc ( DRYS ), Excel Maritime Carriers Ltd( EXM ), Diana Shipping Inc ( DSX ), Genco Shipping & Trading Limited ( GNK ), TBS International Limited ( TBSI ), Navios Maritime ( NM ), Eagle Bulk Shipping Inc. ( EGLE ), Paragon Shipping Inc. ( PRGN ), Star Bulk Carriers Corp. ( SBLK ), and OceanFreight Inc ( 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 - Discuss Stocks - http://stockstobuy.org
Dry Bulk Shipping Rates - June 24, 2009 - Down 4 Straight Days
Baltic Dry Index ( BDI ) - 3751 Down 123
Baltic Cape Index ( BCI ) - 7115 Down 326
Panamax Index ( BPI ) - 2939 Down 82
Supramax Index ( BSI ) - 1754 Down 3
Past Bulk Shipping
Discuss the Baltic Dry Index - Click Here
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http://dryindex.com - Discuss Stocks - http://stockstobuy.org
Dry Bulk Shipping Rates - June 24, 2009 - Down 4 Straight Days
Baltic Dry Index ( BDI ) - 3751 Down 123
Baltic Cape Index ( BCI ) - 7115 Down 326
Panamax Index ( BPI ) - 2939 Down 82
Supramax Index ( BSI ) - 1754 Down 3
Past Bulk Shipping
Discuss the Baltic Dry Index - Click Here
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Dryships DRYS Stock Analysis June 24 2009
Drys Support and Resistance Levels - 6/24/09
Resistance - $6.44, $7.05
Support - $5.40, $5.00, $4.48
Chart - http://stockscharts.com/
Discuss Stocks - http://stockstobuy.org
Drys stock has broken down technically with the 10 day moving average crossing the 50 day moving average. Drys is now trading at the stock offering price several months ago at $5.40. This as well as $5 should act as support but needs to hold $5 on a closing basis. I am waiting for Drys to close back over the 10 day moving average to buy. For More Technical Analysis - Go Here
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index - Stock Forum
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Mortgage Rates Today 6/24/09 June 24, 2009
Housing Bottom? One of the things I watch for regarding a possible housing bottom are daily mortgage rates. Below is list of Today's Mortgage Rates out of Wells Fargo.
Loan Type - Interest Rate - APR - 6/24/09
30-Year Fixed 5.500% 5.697%
30-Year Fixed FHA 6.000% 6.773%
15-Year Fixed 4.875% 5.204%
5-Year ARM 4.625% 4.331%
5-Year ARM FHA 4.500% 3.790%
40-Year Fixed - N/A
Jumbo Loan Rates - APR
30-Year Fixed 6.375% 6.525%
5-Year ARM 5.125% 4.549%
For Previous Mortgage Rates - Click Here
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Loan Type - Interest Rate - APR - 6/24/09
30-Year Fixed 5.500% 5.697%
30-Year Fixed FHA 6.000% 6.773%
15-Year Fixed 4.875% 5.204%
5-Year ARM 4.625% 4.331%
5-Year ARM FHA 4.500% 3.790%
40-Year Fixed - N/A
Jumbo Loan Rates - APR
30-Year Fixed 6.375% 6.525%
5-Year ARM 5.125% 4.549%
For Previous Mortgage Rates - Click Here
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1 and 3 Month Libor Rates - 6/24/09 - Today's Libor Rates
It seems as though everyone is watching Libor rates these days. Today's Libor Rates for 6/24/09, are: 1 Month Libor Rate - 0.311%. & 3 Month Libor Rate - 0.604%. The overnight Libor rate is 0.276%. As you can see, Libor Rates have changed today, June 24, 2009. All three libor rates went down today.
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
Tuesday, June 23, 2009
Dow Jones Futures 6/24/09 Stock Market Futures
How will the stock market open on Wednesday - June 24, 2009? The Dow Jones and Stock Market Futures are pointing toward a higher open for pre market. Check out technical analysis for June 24.
Discuss Stocks - www.stockstobuy.org
Stock Market Futures 6/24/09 - Pre Market Trading - Updated 8:50am EST
Durable Goods - Futures Soaring!
Dow Jones Futures - Up 65
S&P 500 Futures - Up 8
Nasdaq Futures - Up 11
Nikkei - 9590.32 Up 40.71
Oil Futures - 69.00
Gold Futures - 930
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index
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Discuss Stocks - www.stockstobuy.org
Stock Market Futures 6/24/09 - Pre Market Trading - Updated 8:50am EST
Durable Goods - Futures Soaring!
Dow Jones Futures - Up 65
S&P 500 Futures - Up 8
Nasdaq Futures - Up 11
Nikkei - 9590.32 Up 40.71
Oil Futures - 69.00
Gold Futures - 930
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index
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Dow Jones Analysis 6/24/09 Stock Market Analysis

Dow Jones Industrial Average ($DJI) Support & Resistance Levels - June 24, 2009
Resistance Levels: 8383, 8533, 8700
Support Levels: 8250, 8000
http://stockcharts.com/ - Chart
The Dow Jones Industrial Average closed below the 50 day moving average for the second straight day but managed to hold the 8250 support level. If the Dow closes below 8250 I feel it will retest 8000 or below. If things get much worse from here, the 10 day moving average could break down below the 50 day moving average which would cause a Dow sell signal. 8600 now becomes strong resistance. For More Technical Analysis - Go Here
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Stocks to Buy June 24, 2009 6/24/09
Tuesday, 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 June 24, 2009. Also, check out the Biggest Stock Gainers of the Day. You can also find previous stocks to buy reports - Right Here
Discuss Stocks - www.stockstobuy.org
Stocks to Watch - 6/24/09 - Stock Market Ideas
Direxion Daily Financial Bear 3X Shares (FAZ)
Daily Finan. Bull 3X Shs(ETF)(FAS) - FAS stock broke $8 on Tuesday morning and quickly snapped back hard into the $8.40's in the afternoon hours. There is a lot of resistance in the $8.40's from Monday afternoon and Tuesday. When FAS break above $8.50 I think it could make an attempt to retest $9. I continue to buy the huge dips and sell the 4-6% bounce back rips higher. Banks will start reporting earnings in about three weeks and I expect some better then expected earnings reports due the borrowing at zero factor. As for FAZ, if FAS can get back near $10, I would be buying FAZ for a trade.
Citigroup Inc (C:NYSE) - Citigroup stock broke down through $3 on Tuesday for the first time since the start of May 2009. $2.90 ended up being the low before the snap back rally back to $3. This could have been the capitulation selling investors were looking for and C stock could be gearing up for a run back to $3.25-$3.50 before earnings. If I were buying Citigroup here, i'd be placing a stop loss order at $2.89.
Bank of America Corp ( BAC ) - Bank of America Corporation was very strong on Tuesday and traded back above $12 for most of the day. BAC has strong support at the 50 day moving average around $11.16 but a close below this would be the first sign of severe weakness. The stock has resistance at $12.75 ( 10 day moving average ) and $13.84 ( 200 day moving average ).
Wells Fargo & Company (NYSE:WFC) - Wells Fargo stock traded near Guy Adami's $22 price target on Tuesday and quickly bounced back up to $23. I am expecting another great earnings quarter out of WFC in the coming month. In my opinion, anything below $22 is a strong buy.
Potash Corp. of Saskatchewan (NYSE: POT) , Mosaic Co. (MOS) - POT and MOS snapped back Tuesday after a huge pullback as reports of weakening Potash demand were released last week. POT stock could be headed back to the $98-$100 resistance area in the short term which I would then sell. The 10 day moving average is getting ready to break down through the 50 day moving average....this is a bearish signal. If POT would retrace to the $80 support level, I will be buying!
Research In Motion Ltd. (RIMM) - RIMM was strong on Tuesday and traded back above $70 once again. The low was $67.53 so this is where i'd be putting my stop loss order if I were trading RIMM stock. I am neutral right now on shares of RIMM at $70, i'd be a buyer below $60, a seller in the $80's.
Ford Motor Company (F) - Ford traded down to $5.21 on Tuesday, almost near my buy price of $5. Each time we get these big dips, Ford stock always snaps back....very bullish. If the stock market rolls over one more time in the next few weeks I think you will be able to pick up shares around $5. This is what I am waiting for right now.
Hemispherx Biopharma, Inc. (HEB) - Shares of HEB were crushed on Tuesday morning as another big investor sold shares. The lack of an FDA decision or company press release explaining the situation has really unnerved investors who are holding the shares. Keep in mind, HEB stock is still up 100% from when all of this started back in May. I continue to have no position in the stock but am eagerly awaiting the FDA decision on Ampligen. If you are trading HEB, a break above $2.15 would probably get the stock moving higher again and you might be able to get $2.50 out of it in the short term.
Buy the Dip - Below is a list of stocks I would be buying on any strong pullback.
Visa Inc. (NYSE: V)
MasterCard (MA)
Apple (AAPL)
First Solar (FSLR)
McDonald's Corporation (MCD)
Continental Resources Inc. (CLR)
Hess Corp ( HES )
Freeport-McMoRan Copper & Gold Inc. (FCX)
Pyramid Oil Company ( PDO )
AgFeed Industries ( FEED )
Fuel Systems Solutions, Inc. (FSYS)
STEC, Inc. (STEC)
Huntington Bancshares Inc. (HBAN)
Other Stocks to Watch - June 24, 2009
Agilysys Inc. (AGYS)
Republic Airways Holdings Inc. (RJET)
La-Z-Boy Inc. (LZB)
GreenHunter Energy, Inc. (GRH)
America's Car-Mart Inc. (CRMT)
Lloyds Banking Group plc (LYG)
Hudson Highland Group Inc. (HHGP)
CB Richard Ellis Group, Inc. (CBG)
Navios Maritime Holdings Inc. (NM)
SIGA Technologies Inc. (SIGA)
Owens Corning (OC)
Penny Stocks to Watch - 6/24/09
Compugen Ltd. (CGEN)
Anchor BanCorp Wisconsin, Inc. (ABCW)
Active Power Inc. (ACPW)
Altus Pharmaceuticals Inc. (ALTU)
Cell Therapeutics, Inc. (CTIC)
Beazer Homes USA Inc. (BZH)
OTC & Pink Sheets Stocks to Watch - 6/24/09
Discuss these at http://stockstobuy.org
IDEAL FINANCIAL SOL (IFSL.PK)
SpongeTech Delivery Systems, Inc. (SPNG.OB)
LIGATT SECURITY INTE (LGTT.PK)
Redpoint Bio Corporation (RPBC.OB)
Advanced Cell Technology Inc. (ACTC.PK)
Cord Blood America Inc. (CBAI.OB)
MAGELLAN ENERGY NEW (MGLG.PK)
WINNING BRANDS CORP (WNBD.PK)
mPhase Technologies, Inc. (XDSL.OB)
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks
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Discuss Stocks - www.stockstobuy.org
Stocks to Watch - 6/24/09 - Stock Market Ideas
Direxion Daily Financial Bear 3X Shares (FAZ)
Daily Finan. Bull 3X Shs(ETF)(FAS) - FAS stock broke $8 on Tuesday morning and quickly snapped back hard into the $8.40's in the afternoon hours. There is a lot of resistance in the $8.40's from Monday afternoon and Tuesday. When FAS break above $8.50 I think it could make an attempt to retest $9. I continue to buy the huge dips and sell the 4-6% bounce back rips higher. Banks will start reporting earnings in about three weeks and I expect some better then expected earnings reports due the borrowing at zero factor. As for FAZ, if FAS can get back near $10, I would be buying FAZ for a trade.
Citigroup Inc (C:NYSE) - Citigroup stock broke down through $3 on Tuesday for the first time since the start of May 2009. $2.90 ended up being the low before the snap back rally back to $3. This could have been the capitulation selling investors were looking for and C stock could be gearing up for a run back to $3.25-$3.50 before earnings. If I were buying Citigroup here, i'd be placing a stop loss order at $2.89.
Bank of America Corp ( BAC ) - Bank of America Corporation was very strong on Tuesday and traded back above $12 for most of the day. BAC has strong support at the 50 day moving average around $11.16 but a close below this would be the first sign of severe weakness. The stock has resistance at $12.75 ( 10 day moving average ) and $13.84 ( 200 day moving average ).
Wells Fargo & Company (NYSE:WFC) - Wells Fargo stock traded near Guy Adami's $22 price target on Tuesday and quickly bounced back up to $23. I am expecting another great earnings quarter out of WFC in the coming month. In my opinion, anything below $22 is a strong buy.
Potash Corp. of Saskatchewan (NYSE: POT) , Mosaic Co. (MOS) - POT and MOS snapped back Tuesday after a huge pullback as reports of weakening Potash demand were released last week. POT stock could be headed back to the $98-$100 resistance area in the short term which I would then sell. The 10 day moving average is getting ready to break down through the 50 day moving average....this is a bearish signal. If POT would retrace to the $80 support level, I will be buying!
Research In Motion Ltd. (RIMM) - RIMM was strong on Tuesday and traded back above $70 once again. The low was $67.53 so this is where i'd be putting my stop loss order if I were trading RIMM stock. I am neutral right now on shares of RIMM at $70, i'd be a buyer below $60, a seller in the $80's.
Ford Motor Company (F) - Ford traded down to $5.21 on Tuesday, almost near my buy price of $5. Each time we get these big dips, Ford stock always snaps back....very bullish. If the stock market rolls over one more time in the next few weeks I think you will be able to pick up shares around $5. This is what I am waiting for right now.
Hemispherx Biopharma, Inc. (HEB) - Shares of HEB were crushed on Tuesday morning as another big investor sold shares. The lack of an FDA decision or company press release explaining the situation has really unnerved investors who are holding the shares. Keep in mind, HEB stock is still up 100% from when all of this started back in May. I continue to have no position in the stock but am eagerly awaiting the FDA decision on Ampligen. If you are trading HEB, a break above $2.15 would probably get the stock moving higher again and you might be able to get $2.50 out of it in the short term.
Buy the Dip - Below is a list of stocks I would be buying on any strong pullback.
Visa Inc. (NYSE: V)
MasterCard (MA)
Apple (AAPL)
First Solar (FSLR)
McDonald's Corporation (MCD)
Continental Resources Inc. (CLR)
Hess Corp ( HES )
Freeport-McMoRan Copper & Gold Inc. (FCX)
Pyramid Oil Company ( PDO )
AgFeed Industries ( FEED )
Fuel Systems Solutions, Inc. (FSYS)
STEC, Inc. (STEC)
Huntington Bancshares Inc. (HBAN)
Other Stocks to Watch - June 24, 2009
Agilysys Inc. (AGYS)
Republic Airways Holdings Inc. (RJET)
La-Z-Boy Inc. (LZB)
GreenHunter Energy, Inc. (GRH)
America's Car-Mart Inc. (CRMT)
Lloyds Banking Group plc (LYG)
Hudson Highland Group Inc. (HHGP)
CB Richard Ellis Group, Inc. (CBG)
Navios Maritime Holdings Inc. (NM)
SIGA Technologies Inc. (SIGA)
Owens Corning (OC)
Penny Stocks to Watch - 6/24/09
Compugen Ltd. (CGEN)
Anchor BanCorp Wisconsin, Inc. (ABCW)
Active Power Inc. (ACPW)
Altus Pharmaceuticals Inc. (ALTU)
Cell Therapeutics, Inc. (CTIC)
Beazer Homes USA Inc. (BZH)
OTC & Pink Sheets Stocks to Watch - 6/24/09
Discuss these at http://stockstobuy.org
IDEAL FINANCIAL SOL (IFSL.PK)
SpongeTech Delivery Systems, Inc. (SPNG.OB)
LIGATT SECURITY INTE (LGTT.PK)
Redpoint Bio Corporation (RPBC.OB)
Advanced Cell Technology Inc. (ACTC.PK)
Cord Blood America Inc. (CBAI.OB)
MAGELLAN ENERGY NEW (MGLG.PK)
WINNING BRANDS CORP (WNBD.PK)
mPhase Technologies, Inc. (XDSL.OB)
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
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