Stock Market Closing Prices - 7/9/09
Dow Jones Industrial Average ( DJIA ) Close - 8183.17 Up 4.76
Nasdaq Stock Market Close - 1752.55 Up 5.38
S&P 500 Close - 882.68 Up 3.12
http://dowjonesclose.com
Libor Rates - 7/9/09 - Mortgage Rates
Commodities Closing Prices - 7/9/09
Gold - 911.80
Oil - 60.42
Natural Gas - 3.41
Discuss Stocks - www.stockstobuy.org
The Dow Jones Industrial Average closed at 8183 on 7/9/09, as the stock market initially went up on a better then expected initial claims figure but fell apart late in the trading day. The Dow Jones Futures opened the morning higher and spiked more after the initial jobless claims data was released. The data shows a drop in initial claims to 565,000 last week. While the drop is viewed positive, we had a holiday week that most likely tainted the data. If we have the same or better data over the next two weeks, the green shoots theory would return.
The Dow Jones did well today which was partly due to IBM stock being up $2. Basic Materials and the Energy sector did the best today. Stocks like Potash Corp. of Saskatchewan (NYSE: POT) , Freeport-McMoRan Copper & Gold Inc. (FCX) , and Haynes International Inc. (HAYN) were the bright spots in the basic materials sector while ConocoPhillips (COP) and Petroleo Brasileiro (PBR) rebounded for the energy sector.
The red flag stock today was American International Group, Inc. (AIG) which plunged under $10, down almost 29%. There's a significant chance that American International Group Inc.'s (AIG) equity may be worthless, a Citigroup analyst said Thursday. If AIG continues to tank, it might really spook the market. If I was an investor or active trader, AIG would be on the top of my watch list followed by Citigroup ( C ) as a gauge. Check out some of the events I will be watching for Friday.
Also, Check out my stocks to watch report for Friday. 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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Hot Stock Alerts
Potential Breakout Stocks of the Day:
Showing posts with label 7/9/09. Show all posts
Showing posts with label 7/9/09. Show all posts
Thursday, July 9, 2009
Biggest Stock Gainers 7/9/09 July 9, 2009
Today, July 9, 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 7/9/09 - Biggest Gainers Today
Discuss Stocks - www.stockstobuy.org
China TransInfo Technology Corp. (CTFO)
American Axle & Manufacturing Holdings Inc. (AXL)
CytRx Corporation (CYTR)
Angiotech Pharmaceuticals, Inc. (ANPI)
DineEquity, Inc. (DIN)
Banner Corporation (BANR)
Satyam Computer Services Ltd. (SAY)
Rigel Pharmaceuticals, Inc. (RIGL)
Chicago Bridge & Iron Company N.V. (CBI)
OfficeMax Inc. (OMX)
Allied Capital Corporation (ALD)
Helen of Troy Limited (HELE)
Wynn Resorts Ltd. (WYNN)
Novavax, Inc. (NVAX)
Volcano Corporation (VOLC)
Jazz Pharmaceuticals, Inc. (JAZZ)
Las Vegas Sands Corp. (LVS)
Huntington Bancshares Inc. (HBAN)
More............
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks
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Top Stocks 7/9/09 - Biggest Gainers Today
Discuss Stocks - www.stockstobuy.org
China TransInfo Technology Corp. (CTFO)
American Axle & Manufacturing Holdings Inc. (AXL)
CytRx Corporation (CYTR)
Angiotech Pharmaceuticals, Inc. (ANPI)
DineEquity, Inc. (DIN)
Banner Corporation (BANR)
Satyam Computer Services Ltd. (SAY)
Rigel Pharmaceuticals, Inc. (RIGL)
Chicago Bridge & Iron Company N.V. (CBI)
OfficeMax Inc. (OMX)
Allied Capital Corporation (ALD)
Helen of Troy Limited (HELE)
Wynn Resorts Ltd. (WYNN)
Novavax, Inc. (NVAX)
Volcano Corporation (VOLC)
Jazz Pharmaceuticals, Inc. (JAZZ)
Las Vegas Sands Corp. (LVS)
Huntington Bancshares Inc. (HBAN)
More............
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks
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Hot Penny Stocks 7/9/09 July 9, 2009
Today, 7/9/09, 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 also list OTC and Pink Sheets stock gainers below. You can find ALL Penny Stock Reports Here
Penny Stock Gainers - July 9, 2009
Discuss Stocks - http://stockstobuy.org
Marshall Edwards Inc. (MSHL) - $0.93 Up 12.05% - No News
YRC Worldwide Inc. (YRCW) - $1.30 Up 46.07% - Trucker YRC looking for concessions
Cell Therapeutics, Inc. (CTIC) - $1.47 Up 11.36% - No News, back over $1.37 resistance which is now support again.
Aries Maritime Transport Ltd. (RAMS) - $0.75 Up 13.94% - No News
China Direct Industries, Inc. (CDII) - $1.43 Up 9.16% - No News
UCBH Holdings Inc. (UCBH) - $1.24 Up 5.08% - No News
OTC - Pink Sheets Stock Gainers - 7/9/09
Warrior Girl Corp. (WRGL.PK) - $0.52 Up 48.57% - WRGL Announces First Commercial Production Unit to Extract Oil from Tar Sands
Artfest International, Inc. (ARTI.OB) - $0.0033 Up 37.50% - Artfest International Projects $1 Million Revenue Increase With Signed Agreement
Ingen Technologies, Inc. (IGNT.PK) - $0.0063 Up 6.78% - Letter to Shareholders From Chairman of Ingen Technologies, Inc.
China Crescent Enterprises, Inc. (CCTR.OB) - $0.07 Up 15% - China Crescent Enterprises, Inc. Releases Exclusive Webcast to Discuss Recent Increased Share Price and Trading Volume and to Further Review the Expected Doubling of Net Income in 2009 Compared to 2008
China Tel Group Inc. (CHTL.OB) - $0.77 Up 10% - No News
Savoy Energy Corp (SNVP.OB) - $0.52 Up 18.18% - Savoy Energy Meets With Minister of Lands & Mineral Resources
GOOD LIFE CHINA CORP (GLCC.PK) - $0.0003 Up 50% - No News
Advanced Cell Technology Inc. (ACTC.PK) - $0.17 Up 10.46% - No News
PRIMEGEN ENERGY CORP (PGNE.PK) - $0.079 Up 64.58% - PrimeGen Energy - June Production at Timan-Pechora Kochmesskoye Well Totals 25,200 Barrels Oil - Initial Production Averages 1,200 Barrels per Day
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Stock Message Board
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Penny Stock Gainers - July 9, 2009
Discuss Stocks - http://stockstobuy.org
Marshall Edwards Inc. (MSHL) - $0.93 Up 12.05% - No News
YRC Worldwide Inc. (YRCW) - $1.30 Up 46.07% - Trucker YRC looking for concessions
Cell Therapeutics, Inc. (CTIC) - $1.47 Up 11.36% - No News, back over $1.37 resistance which is now support again.
Aries Maritime Transport Ltd. (RAMS) - $0.75 Up 13.94% - No News
China Direct Industries, Inc. (CDII) - $1.43 Up 9.16% - No News
UCBH Holdings Inc. (UCBH) - $1.24 Up 5.08% - No News
OTC - Pink Sheets Stock Gainers - 7/9/09
Warrior Girl Corp. (WRGL.PK) - $0.52 Up 48.57% - WRGL Announces First Commercial Production Unit to Extract Oil from Tar Sands
Artfest International, Inc. (ARTI.OB) - $0.0033 Up 37.50% - Artfest International Projects $1 Million Revenue Increase With Signed Agreement
Ingen Technologies, Inc. (IGNT.PK) - $0.0063 Up 6.78% - Letter to Shareholders From Chairman of Ingen Technologies, Inc.
China Crescent Enterprises, Inc. (CCTR.OB) - $0.07 Up 15% - China Crescent Enterprises, Inc. Releases Exclusive Webcast to Discuss Recent Increased Share Price and Trading Volume and to Further Review the Expected Doubling of Net Income in 2009 Compared to 2008
China Tel Group Inc. (CHTL.OB) - $0.77 Up 10% - No News
Savoy Energy Corp (SNVP.OB) - $0.52 Up 18.18% - Savoy Energy Meets With Minister of Lands & Mineral Resources
GOOD LIFE CHINA CORP (GLCC.PK) - $0.0003 Up 50% - No News
Advanced Cell Technology Inc. (ACTC.PK) - $0.17 Up 10.46% - No News
PRIMEGEN ENERGY CORP (PGNE.PK) - $0.079 Up 64.58% - PrimeGen Energy - June Production at Timan-Pechora Kochmesskoye Well Totals 25,200 Barrels Oil - Initial Production Averages 1,200 Barrels per Day
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Stock Message Board
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Baltic Dry Index Shipping Rates 7/9/09 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://www.dowjonesclose.com/bdi.html
Discuss Stocks - http://stockstobuy.org
Dry Bulk Shipping Rates - July 9, 2009 - BDI Down 7 Straight Days
Baltic Dry Index ( BDI ) - 3018 Down 89
Baltic Cape Index ( BCI ) - 5037 Down 299
Panamax Index ( BPI ) - 2914 Up 17
Supramax Index ( BSI ) - 1782 Up 33
Past Bulk Shipping Rates
Discuss the Baltic Dry Index - Click Here
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http://www.dowjonesclose.com/bdi.html
Discuss Stocks - http://stockstobuy.org
Dry Bulk Shipping Rates - July 9, 2009 - BDI Down 7 Straight Days
Baltic Dry Index ( BDI ) - 3018 Down 89
Baltic Cape Index ( BCI ) - 5037 Down 299
Panamax Index ( BPI ) - 2914 Up 17
Supramax Index ( BSI ) - 1782 Up 33
Past Bulk Shipping Rates
Discuss the Baltic Dry Index - Click Here
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Stock Upgrades July 9, 2009
July 9, 2009 - Here are some upgrades in the stock market today:
Discuss Stocks - http://stockstobuy.org
Rigel Pharmaceuticals, Inc. (RIGL) -Big news out of RIGL this morning....the stock is up about 20% - Rigel's R788 Significantly Improves Rheumatoid Arthritis in Phase 2b Clinical Trial
Human Genome Sciences Inc. (HGSI) - Data Published in The New England Journal of Medicine Support Use of Raxibacumab (ABthrax(TM)) for the Treatment of Inhalation Anthrax
Research In Motion Ltd. (RIMM) - Kaufman Bros upgrades RIMM - $79 price target
IntercontinentalExchange, Inc. (ICE) - Pali Capital upgrades ICE after the recent stock slide
Alcoa, Inc. (AA) - Citigroup upgrades AA with a $14 price target - ups estimates
KLA-Tencor Corporation (KLAC) - Soleil upgrades KLAC shares, $32 price target
Goldman Sachs Group Inc. (GS) - Goldman upgraded by Bank of America to buy - $175 price target
CIENA Corp. (CIEN) - Upgraded by JP Morgan
KB Home (KBH) - Credit Suisse moves KBH stock up to Outperform - $13 price target
Siliconware Precision Industrie (SPIL) - Upgraded, Bank of America - Price Target of $7.73
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks
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Rigel Pharmaceuticals, Inc. (RIGL) -Big news out of RIGL this morning....the stock is up about 20% - Rigel's R788 Significantly Improves Rheumatoid Arthritis in Phase 2b Clinical Trial
Human Genome Sciences Inc. (HGSI) - Data Published in The New England Journal of Medicine Support Use of Raxibacumab (ABthrax(TM)) for the Treatment of Inhalation Anthrax
Research In Motion Ltd. (RIMM) - Kaufman Bros upgrades RIMM - $79 price target
IntercontinentalExchange, Inc. (ICE) - Pali Capital upgrades ICE after the recent stock slide
Alcoa, Inc. (AA) - Citigroup upgrades AA with a $14 price target - ups estimates
KLA-Tencor Corporation (KLAC) - Soleil upgrades KLAC shares, $32 price target
Goldman Sachs Group Inc. (GS) - Goldman upgraded by Bank of America to buy - $175 price target
CIENA Corp. (CIEN) - Upgraded by JP Morgan
KB Home (KBH) - Credit Suisse moves KBH stock up to Outperform - $13 price target
Siliconware Precision Industrie (SPIL) - Upgraded, Bank of America - Price Target of $7.73
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks
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FAS FAZ Reverse Stock Split 7/9/09 July 9 2009
The Direxion Daily Financial Bear 3X Shares (FAZ) and the Daily Finan. Bull 3X Shs(ETF)(FAS) will both have reverse splits today, July 9, 2009. Below are some details on the reverse splits.
Direxion Daily Financial Bear 3X Shares (FAZ) - FAZ will do a 1-10 reverse split. If you have 100 shares at the closing price of $5.63, starting Thursday 7/9/09, you will have 10 shares at $56.30.
Daily Finan. Bull 3X Shs(ETF)(FAS) - FAS will do a 1-5 reverse stock split. If you have 100 shares at the closing price of $7.55, starting Wednesday 7/9/09, you will have 20 shares at $37.75.
Discuss FAS/FAZ - Check out ALL the Short ETFs
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks
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Direxion Daily Financial Bear 3X Shares (FAZ) - FAZ will do a 1-10 reverse split. If you have 100 shares at the closing price of $5.63, starting Thursday 7/9/09, you will have 10 shares at $56.30.
Daily Finan. Bull 3X Shs(ETF)(FAS) - FAS will do a 1-5 reverse stock split. If you have 100 shares at the closing price of $7.55, starting Wednesday 7/9/09, you will have 20 shares at $37.75.
Discuss FAS/FAZ - Check out ALL the Short ETFs
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks
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1 and 3 Month Libor Rates - 7/9/09 - Today's Libor Rates
It seems as though everyone is watching Libor rates these days. Today's Libor Rates for 7/9/09, are: 1 Month Libor Rate - 0.298%. & 3 Month Libor Rate - 0.510%. The overnight Libor rate is 0.246%. As you can see, Libor Rates have changed today, July 9, 2009. All three libor rates dropped 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
Wednesday, July 8, 2009
Mortgage Rates Today 7/9/09 July 9, 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 - 7/9/09
30-Year Fixed 5.000% 5.191%
30-Year Fixed FHA 5.500% 6.245%
15-Year Fixed 4.500% 4.826%
5-Year ARM 4.125% 4.064%
5-Year ARM FHA 4.250% 3.655%
40-Year Fixed - N/A
Jumbo Loan Rates - APR - 7/09/09
30-Year Fixed 6.375% 6.525%
5-Year ARM 5.125% 4.387%
For Previous Mortgage Rates - Click Here
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Loan Type - Interest Rate - APR - 7/9/09
30-Year Fixed 5.000% 5.191%
30-Year Fixed FHA 5.500% 6.245%
15-Year Fixed 4.500% 4.826%
5-Year ARM 4.125% 4.064%
5-Year ARM FHA 4.250% 3.655%
40-Year Fixed - N/A
Jumbo Loan Rates - APR - 7/09/09
30-Year Fixed 6.375% 6.525%
5-Year ARM 5.125% 4.387%
For Previous Mortgage Rates - Click Here
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Dow Jones Analysis 7/9/09 Stock Market Analysis

Dow Jones Industrial Average ($DJI) Support & Resistance Levels - July 9, 2009
Resistance Levels: 8200, 8250, 8375, 8600
Support Levels: 8087, 8000
http://stockcharts.com/ - Chart
The Dow Jones snapped back today after hitting a low of 8087. Resistance remains between 8200-8250 with the major resistance being located around 8400 which is in between the three major moving averages. If we do rally up to the 8400 area, I would be a seller. As you get closer to 8000 like today, I would be a buyer. Next week we will get earnings out of major companies such as GE, Citi, BAC, Intel, and IBM so buckle your seat belts. 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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Stocks to Buy July 9, 2009 7/9/09
Wednesday, 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 July 9, 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 - 7/9/09 - Stock Market Ideas
Head and Shoulders Pattern - First, before I buy or watch any stocks, I must remind myself that the stock market is breaking down on a technical pattern called the head and shoulders formation. The neckline was broken on Tuesday and there is now a clear downtrend. How long will this last? Not very sure but I am looking for at least 8000 to be tested before the downtrend ends. Rallies back to the 10 & 50 day moving averages should be sold. You can see my Dow Jones Analysis each day - Right Here
Direxion Daily Financial Bear 3X Shares (FAZ)
Daily Finan. Bull 3X Shs(ETF)(FAS) - On July 9, 2009 - FAS and FAZ will both have reverse splits. FAS stock will have a 1-5 reverse split ( if you have 100 shares of FAS, you will now have only 20 shares at 5 times the price which will be around $35-$37.50) and FAZ stock will have a 1-10 reverse split ( if you have 100 shares of FAZ, you will now only have 10 at 10 times the price which should be around $55-$57 per share). I was one day early reporting that this would happen on the 8th. Also, FAS has major support at the $7.00 level.
Citigroup Inc (C:NYSE) - Citigroup stock continues to free-fall with no signs of a bottom. After breaking through $2.61 on Wednesday, Citigroup looks poised to retest the low $2.40's which should hold...but I thought $2.61 would hold. After $2.40, you have the March 30, 2009 low of $2.25. Citigroup is overdue for a rally back to the 10 day moving average which falls each day but located at $2.90. A break above Wednesday's high of $2.71 could be the rally signal I am looking for.
American Intl Group, Inc. (AIG) - AIG stock continues to plunge as well. AIG broke $15 like a hot knife through butter on Tuesday. There was absolutely no buying support there whatsoever! It might be a good idea to play AIG from the short side if you can borrow shares. The only way i'd buy AIG would be on a break back above $15 for a quick trade. Looking at the charts, the technicals are so bad that there is virtually no support until $10.
U.S. Oil Fund (NYSE: USO) - The United States Oil Fund LP (ETF) hit a low of $32.50 as oil prices plunged on Wednesday near $60 per barrel. The USO has support between $32-$32.16 as well as around $31. If you are looking to trade oil, this ETF allows you to trade the daily moves of crude oil. I would only suggest using this ETF if you know how it works.
Continental Resources Inc. (CLR) - Tuesday was the day that I started my non day trading position in Continental Resources. This is a great way to play Oil in a stock if you are not familiar with the USO above. In my opinion, given the current valuation, CLR is even better then Oil itself. Two weeks ago, Jim Cramer recommended it at $27 so at $22.61 where I bought, I couldn't go wrong. I am prepared to back up the truck under $20 as well. Watch the Video
General Electric Company (NYSE:GE) - General Electric (GE) is approaching support at $10.50 and $10. Check out my GE technical analysis.
Cell Therapeutics, Inc. (CTIC) - CTIC stock broke down today but is still holding the recent low of $1.22. If $1.22 is broken, the downside risk is huge. However, for a trade, I will be buying CTIC when it breaks through the High of the Day.
Hemispherx Biopharma, Inc. (HEB) - Investors and traders continue to wait for the FDA decision on their CFS drug, Ampligen. The long delay is starting to get old! Management remains silent. It's almost like they went on vacation without notifying investors. ZzzzzZZzzzzZZZzZzZzZZz
Buy the Dip - Below is a list of stocks I would be buying on any strong pullback.
Visa Inc. (NYSE: V) - $56
MasterCard (MA) - $150
Apple (AAPL) - $120
Palm, Inc. (PALM) - $13
Research In Motion Ltd. (RIMM) - $57
Ford Motor Co. (F) - $5
First Solar (FSLR) - $141 or lower
Continental Resources Inc. (CLR) - Bought the dip 7/7/09
Freeport-McMoRan Copper & Gold Inc. (FCX) - $36
Pyramid Oil Company ( PDO ) - $3.75
Fuqi International, Inc. (FUQI) - $14.50
AgFeed Industries ( FEED ) - $3.50
Fuel Systems Solutions, Inc. (FSYS) - $15
STEC, Inc. (STEC) - $18
Huntington Bancshares Inc. (HBAN) - $2-$2.50
Other Stocks to Watch - July 9, 2009
Novogen Limited (NVGN)
Targacept, Inc. (TRGT)
Amgen Inc. (AMGN)
Family Dollar Stores Inc. (FDO)
DynCorp International Inc. (DCP)
Steak n Shake Co. (SNS)
BPZ Resources, Inc. (BPZ)
Tractor Supply Company (TSCO)
Whole Foods Market, Inc. (WFMI)
O'Charley's Inc. (CHUX)
Dollar Tree Inc. (DLTR)
UltraShort DJ-AIG Crude Oil ProShares (SCO)
UltraShort Financials ProShares (SKF)
Direxion Daily Small Cap Bear 3X Shares (TZA)
DryShips, Inc. (DRYS)
Penny Stocks to Watch - 7/9/09
Marshall Edwards Inc. (MSHL)
Gravity Co., Ltd (GRVY)
Gasco Energy Inc. (GSX)
Zila, Inc. (ZILA)
Radio One Inc. (ROIAK)
Corus Bankshares Inc. (CORS)
Pacific Ethanol, Inc. (PEIX)
Aries Maritime Transport Ltd. (RAMS)
Leadis Technology Inc. (LDIS)
OTC & Pink Sheets Stocks to Watch - 7/9/09
Discuss these at http://stockstobuy.org
China Crescent Enterprises, Inc. (CCTR.OB)
Neah Power Systems, Inc. (NPWS.OB)
SpongeTech Delivery Systems, Inc. (SPNG.OB)
IDENTA CORP (IDTA.PK)
IDEAL FINANCIAL SOL (IFSL.PK)
LEAR CORP. (LEAR.PK)
Lifestream Technologies Inc. (LFTC.PK)
Left Behind Games Inc. (LFBG.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 - 7/9/09 - Stock Market Ideas
Head and Shoulders Pattern - First, before I buy or watch any stocks, I must remind myself that the stock market is breaking down on a technical pattern called the head and shoulders formation. The neckline was broken on Tuesday and there is now a clear downtrend. How long will this last? Not very sure but I am looking for at least 8000 to be tested before the downtrend ends. Rallies back to the 10 & 50 day moving averages should be sold. You can see my Dow Jones Analysis each day - Right Here
Direxion Daily Financial Bear 3X Shares (FAZ)
Daily Finan. Bull 3X Shs(ETF)(FAS) - On July 9, 2009 - FAS and FAZ will both have reverse splits. FAS stock will have a 1-5 reverse split ( if you have 100 shares of FAS, you will now have only 20 shares at 5 times the price which will be around $35-$37.50) and FAZ stock will have a 1-10 reverse split ( if you have 100 shares of FAZ, you will now only have 10 at 10 times the price which should be around $55-$57 per share). I was one day early reporting that this would happen on the 8th. Also, FAS has major support at the $7.00 level.
Citigroup Inc (C:NYSE) - Citigroup stock continues to free-fall with no signs of a bottom. After breaking through $2.61 on Wednesday, Citigroup looks poised to retest the low $2.40's which should hold...but I thought $2.61 would hold. After $2.40, you have the March 30, 2009 low of $2.25. Citigroup is overdue for a rally back to the 10 day moving average which falls each day but located at $2.90. A break above Wednesday's high of $2.71 could be the rally signal I am looking for.
American Intl Group, Inc. (AIG) - AIG stock continues to plunge as well. AIG broke $15 like a hot knife through butter on Tuesday. There was absolutely no buying support there whatsoever! It might be a good idea to play AIG from the short side if you can borrow shares. The only way i'd buy AIG would be on a break back above $15 for a quick trade. Looking at the charts, the technicals are so bad that there is virtually no support until $10.
U.S. Oil Fund (NYSE: USO) - The United States Oil Fund LP (ETF) hit a low of $32.50 as oil prices plunged on Wednesday near $60 per barrel. The USO has support between $32-$32.16 as well as around $31. If you are looking to trade oil, this ETF allows you to trade the daily moves of crude oil. I would only suggest using this ETF if you know how it works.
Continental Resources Inc. (CLR) - Tuesday was the day that I started my non day trading position in Continental Resources. This is a great way to play Oil in a stock if you are not familiar with the USO above. In my opinion, given the current valuation, CLR is even better then Oil itself. Two weeks ago, Jim Cramer recommended it at $27 so at $22.61 where I bought, I couldn't go wrong. I am prepared to back up the truck under $20 as well. Watch the Video
General Electric Company (NYSE:GE) - General Electric (GE) is approaching support at $10.50 and $10. Check out my GE technical analysis.
Cell Therapeutics, Inc. (CTIC) - CTIC stock broke down today but is still holding the recent low of $1.22. If $1.22 is broken, the downside risk is huge. However, for a trade, I will be buying CTIC when it breaks through the High of the Day.
Hemispherx Biopharma, Inc. (HEB) - Investors and traders continue to wait for the FDA decision on their CFS drug, Ampligen. The long delay is starting to get old! Management remains silent. It's almost like they went on vacation without notifying investors. ZzzzzZZzzzzZZZzZzZzZZz
Buy the Dip - Below is a list of stocks I would be buying on any strong pullback.
Visa Inc. (NYSE: V) - $56
MasterCard (MA) - $150
Apple (AAPL) - $120
Palm, Inc. (PALM) - $13
Research In Motion Ltd. (RIMM) - $57
Ford Motor Co. (F) - $5
First Solar (FSLR) - $141 or lower
Continental Resources Inc. (CLR) - Bought the dip 7/7/09
Freeport-McMoRan Copper & Gold Inc. (FCX) - $36
Pyramid Oil Company ( PDO ) - $3.75
Fuqi International, Inc. (FUQI) - $14.50
AgFeed Industries ( FEED ) - $3.50
Fuel Systems Solutions, Inc. (FSYS) - $15
STEC, Inc. (STEC) - $18
Huntington Bancshares Inc. (HBAN) - $2-$2.50
Other Stocks to Watch - July 9, 2009
Novogen Limited (NVGN)
Targacept, Inc. (TRGT)
Amgen Inc. (AMGN)
Family Dollar Stores Inc. (FDO)
DynCorp International Inc. (DCP)
Steak n Shake Co. (SNS)
BPZ Resources, Inc. (BPZ)
Tractor Supply Company (TSCO)
Whole Foods Market, Inc. (WFMI)
O'Charley's Inc. (CHUX)
Dollar Tree Inc. (DLTR)
UltraShort DJ-AIG Crude Oil ProShares (SCO)
UltraShort Financials ProShares (SKF)
Direxion Daily Small Cap Bear 3X Shares (TZA)
DryShips, Inc. (DRYS)
Penny Stocks to Watch - 7/9/09
Marshall Edwards Inc. (MSHL)
Gravity Co., Ltd (GRVY)
Gasco Energy Inc. (GSX)
Zila, Inc. (ZILA)
Radio One Inc. (ROIAK)
Corus Bankshares Inc. (CORS)
Pacific Ethanol, Inc. (PEIX)
Aries Maritime Transport Ltd. (RAMS)
Leadis Technology Inc. (LDIS)
OTC & Pink Sheets Stocks to Watch - 7/9/09
Discuss these at http://stockstobuy.org
China Crescent Enterprises, Inc. (CCTR.OB)
Neah Power Systems, Inc. (NPWS.OB)
SpongeTech Delivery Systems, Inc. (SPNG.OB)
IDENTA CORP (IDTA.PK)
IDEAL FINANCIAL SOL (IFSL.PK)
LEAR CORP. (LEAR.PK)
Lifestream Technologies Inc. (LFTC.PK)
Left Behind Games Inc. (LFBG.OB)
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks
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