Dow Jones Close 1/23/09 - Stock Market Closing Prices

Stock Market Closing Prices - 1/23/09

Dow Jones Industrial Average ( DJIA ) Close - 8077.56 Down 45.24
Nasdaq Stock Market Close - 1477.29 Up 11.80
S&P 500 Close - 831.97 Up 4.47

Libor Rates - 1/23/09

1 Month - 0.401%
3 Month - 1.169%

Commodities Closing Prices - 1/23/09

Gold - 900
Oil - 45.75
Natural Gas - 4.52

The Dow Jones Industrial Average closed at 8077 on 1/23/09, as the stock market was very volatile today on General Electric ( GE ) earnings, Google ( GOOG ) earnings, and the US Dollar rallying today. The Dow Jones opened down around 200 points but rallied into the afternoon hitting my 8150 target before falling back near 8000. If this trend holds up, we will go below 8000 on Monday and rally toward 8100 as the high. Any break above 8200 for the Dow going forward would be a positive sign and a trend reversal. Oil prices flew above $46 today as the stock market rallied and Joe Terranova made his case for an Oil double bottom around $32.50 on CNBC Fast Money last night. I sold my USO stock today as it was up 10% after being down 3%. I will look to reload at $30 or below. Today's Hottest Stock was Geron ( GERN ) as this company received FDA approval for the first human stem cell clinical trial. Keep an eye on this stock on Monday. I will have full technical analysis of the Dow Jones and Nasdaq over the weekend, Right Here

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Hot Penny Stocks 1/23/09 January 23, 2009

Today, 1/23/09, there are several penny stock gainers breaking out to the upside. Be sure to check out the Top 2009 Penny Stock Gainers on the NYSE, Nasdaq, and AMEX.


Penny Stock Gainers - January 23, 2009

Aastrom Biosciences ( ASTM ) - $0.66 Up 28.01% - ASTM is continuing to go from from yesterday due to the GERN stem cell news.

Thermogenesis (KOOL) - $0.68 Up 28.05% - KOOL is going up due to the Geron news as well - KOOL is a stem cell stock.

Northgate Minerals ( NXG ) - $1.19 Up 13.33% - Rimfire and Northgate Report Drilling at Boulevard Property Yields Gold Mineralization

Check out the biggest stock gainers today.

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Biggest Stock Gainers 1/23/09 - January 23, 2009

Today, January 23, 2009, their are several stocks gainers that are breaking out in the stock market despite the weakness we are seeing in the major averages. Check out today's biggest gainers and the Top Stocks for 2009.

Hot Stocks 1/23/09 - Biggest Gainers

Geron ( GERN ) - $6.97 Up 33.78% - Geron received FDA Approval for the World's first clinical trial involving humans and Stem Cell Research. The CEO was on CNBC earlier in the day.

Stem Cells ( STEM ) - $2.63% Up 22% - Stem Cells is up on the above GERN news - Also up on this news is ASTM Aastom Biosciences. The Stem Cell Stocks are very hot today! We noted this yesterday!

Satyam ( SAY ) - $1.35 Up 26.16% - Satyam Board Announces Key Actions.


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Geron GERN Stem Cell Stocks 1/23/09

Geron ( GERN ) is out with Stem Cell news this morning, January 23, 2009 - as this company will be the first company testing a human in the world's first human clinical trial involving Stem Cells. Under the new Obama administration, the FDA has approved this trial in which the Bush administration wasn't allowing Government funding for Stem Cell Research.

GERN stock is exploding higher today, to $6.48 Up 24%. Other Stem Cell stocks are higher such as Stem Cells ( STEM ) and Aastrom Biosciences ( ASTM )

Geron Corporation (Nasdaq: GERN) announced today that the U.S. Food and Drug Administration (FDA) has granted clearance of the company's Investigational New Drug (IND) application for the clinical trial of GRNOPC1 in patients with acute spinal cord injury.
The clearance enables Geron to move forward with the world's first study of a human embryonic stem cell (hESC)-based therapy in man. Geron plans to initiate a Phase I multi-center trial that is designed to establish the safety of GRNOPC1 in patients with "complete" American Spinal Injury Association (ASIA) grade A subacute thoracic spinal cord injuries.

"The FDA's clearance of our GRNOPC1 IND is one of Geron's most significant accomplishments to date," said Thomas Okarma, Ph.D., M.D., Geron's president and CEO. "This marks the beginning of what is potentially a new chapter in medical therapeutics - one that reaches beyond pills to a new level of healing: the restoration of organ and tissue function achieved by the injection of healthy replacement cells. The ultimate goal for the use of GRNOPC1 is to achieve restoration of spinal cord function by the injection of hESC-derived oligodendrocyte progenitor cells directly into the lesion site of the patient's injured spinal cord."

GRNOPC1, Geron's lead hESC-based therapeutic candidate, contains hESC-derived oligodendrocyte progenitor cells that have demonstrated remyelinating and nerve growth stimulating properties leading to restoration of function in animal models of acute spinal cord injury (Journal of Neuroscience, Vol. 25, 2005).

"The neurosurgical community is very excited by this new approach to treating devastating spinal cord injury," said Richard Fessler, M.D., Ph.D., professor of neurological surgery at the Feinberg School of Medicine at Northwestern University. "Demyelination is central to the pathology of the injury, and its reversal by means of injecting oligodendrocyte progenitor cells would be revolutionary for the field. If safe and effective, the therapy would provide a viable treatment option for thousands of patients who suffer severe spinal cord injuries each year."

Full Article - http://www.geron.com/media/pressview.aspx?id=863

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Baltic Dry Index Shipping Rates - 1/23/09 BDI

The following is a report on Dry Bulk Shipping Rates for 1/23/09. 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 - January 23, 2009

Baltic Dry Index ( BDI ) - 980 Up 35
Spot 4 - TC Average - 17894 Up 1223
Baltic Cape Index ( BCI ) - 2032 Up 93
Baltic Panamax Index ( BPI ) - 531 Up 18
Supramax Index ( BSI ) - 443 Up 7
Past Bulk Shipping Rates

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1 and 3 Month Libor Rates - 1/23/09 - Today's Libor Rates

It seems as though everyone is watching Libor rates these days. Today's Libor Rates for 1/23/09, are: 1 Month Libor Rate - 0.401% & 3 Month Libor Rate - 1.169%. The overnight Libor rate is 0.236%. As you can see, Libor Rates have changed today, January 23, 2009. All three Libor rates moved higher. Here are Previous Libor rates. You can also compare Libor Rates to how the Dow Jones traded.

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Dow Jones Futures 1/23/09 - Stock Market Futures

How will the stock market open on Wednesday 1/23/09? The following is the current stock market futures. Key earnings out before the open on January 23, 2009 are General Electric ( GE ). This company is a Dow Jones component so it could be a major stock market mover.

Stock Market Futures - 1/23/09

Dow Jones Futures - Down 135
Nasdaq Futures - Down 15
S&P 500 Futures - Down 19

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Dow Jones Analysis 1/23/09 - Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 1/23/09

Dow Jones Support & Resistance Levels - January 23, 2009

Resistance Levels: 8250,8350, 8500, 8765

Support Levels: 8000, 7965, 7774

http://stockcharts.com - Chart

The Dow Jones fell below 8000 today and bounced back toward the recent upper end of the downtrend line currently sitting at 8200. This downtrend line which formed several weeks ago goes down about 50 points per day and every time we fall hard during the day, we bounce back toward this level within 24 hours. Yesterday it was 8250, today it was the bounce toward 8200. Last Friday and Last Tuesday, we double topped at 8350. 8350 is an area to watch as if we break this to the upside, you could have a trend reversal and 8500 will be tested. Some say we are in a bottoming process, but I continue to buy each time we go below 8000.

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Nasdaq Analysis 1/23/09 January 23, 2009

The following is Technical Analysis for the Nasdaq ( NAS ) for 1/23/09

Nasdaq Support & Resistance Levels - January 23, 2009

Resistance Levels: 1500, 1523, 1600, 1665

Support Levels: 1456, 1444, 1400

http://stockcharts.com - Chart

The Nasdaq closed back under the 1500 level today but managed to hold the recent low of 1440.86. This is a positive sign in a recent downtrend. The 10 day moving average ( Blue Line ) and getting ready to break back through the 50 Day moving average ( Red Line ). This action is a very bearish signal and if this doesn't improve you could see the Nasdaq break down even further. Right now the Nasdaq has nice support between 1440-1460 and has been bouncing off this level for the past week. I will get more bullish when we close back over 1523 which is right around both moving averages. For More Technical Analysis - Go Here

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