Dow Jones Close 1/28/09 - Stock Market Closing Prices

Stock Market Closing Prices - 1/28/09

Dow Jones Industrial Average ( DJIA ) Close - 8376 Up 201.27
Nasdaq Stock Market Close - 1558.34 Up 53.44
S&P 500 Close - 874.11 Up 28.40
http://dowjonesclose.com

Libor Rates - 1/28/09

1 Month - 0.409%
3 Month - 1.174%

Commodities Closing Prices - 1/28/09

Gold - 887
Oil - 42.27
Natural Gas - 4.48

The Dow Jones Industrial Average closed at 8376 on 1/28/09, as the stock market broke out technically and ripped higher due to a possible buying spree of toxic bank assets by our government. The stock market also went up due to the stimulus plan getting passed hopefully in the next week. The Federal Reserve also kept interest rates unchanged and despite the economy weakening further, they stated that we might start to see a recovery during the 2nd half of 2009. The Dow Jones hit a high of 8446 before giving back some of the gains in the last hour. Oil prices headed slightly higher despite an over 6 million build in crude inventories. The biggest surprise was a decline in gasoline supplies. It appears prices at the pump have bottomed and will start to rise even further. I would expect the Dow Jones to test 8500 in the next week and it will be interesting to see how we do at that level. I will have full technical analysis of the stock market later tonight, Right Here. Some of the best stocks today were the bank stocks such as Wells Fargo ( WFC ), Citigroup ( C ), Bank of America ( BAC ), and Goldman Sachs ( GS ). The S&P broke up through 866 so i'd watch the next resistance level of 888. Below are companies reporting earnings tomorrow:

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Earnings 1/29/09

Under Armour UA 1/29 8am .25EPS
Celegene CELG 1/29 8am .42EPS
3M Company MMM 1/29 8am .93EPS
Ford Motor F 1/29 8am -1.19EPS
Amazon.com AMZN 1/29 4pm .40EPS
Broadcom BRCM 1/29 4pm .26EPS
Juniper Networks JNPR 1/29 4pm .32EPS
SunPower SPWRA 1/29 4pm .58EPS
YRC Worldwide YRCW 1/29 4pm -.66EPS

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Baltic Dry Index Shipping Rates - 1/28/09 BDI

The following is a report on Dry Bulk Shipping Rates for 1/28/09. 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 28, 2009

Baltic Dry Index ( BDI ) - 1014 Up 14
Spot 4 - TC Average - 17546 Down 381
Baltic Cape Index ( BCI ) - 2006 Down 29
Baltic Panamax Index ( BPI ) - 633 Up 45
Supramax Index ( BSI ) - 473 Up 13
Past Bulk Shipping Rates

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Biggest Stock Gainers 1/28/09 - January 28, 2009

Today, January 28, 2009, their are several stock gainers that are breaking out in pre market trading. The bank stocks you see below are breaking out to a possible new program in February. Under the program, which is expected to start in February, up to $200 billion will be made available to spur auto, student and credit card loans as well as loans to small businesses. To do that, the Fed will buy securities backed by those different types of consumer debt. The Fed also hopes that action will lower rates on those loans. The program could be expanded in size or scope to provide financing for other types of securities, such as those backed by commercial mortgages. The house is also expected to pass a stimulus bill today. In Pre Market trading, the Dow is hitting 8300 and is breaking out technically. Check out today's biggest gainers and the Top Stocks for 2009.

Hot Stocks 1/28/09 - Biggest Gainers Today

Citigroup ( C ) - $4.39 Up 24% - Citi is going up with the above banking news.

Allied Irish Banks ( AIB ) - $4.37 Up 24% - AIB has been going up for days but is going up with the bank stock news above.

Financial Bull 3X ( FAS ) - $11.60 Up 25% - If you think the financial sector is going to explode higher, FAS is the stock for you because it offers 3 times the stock move.

Barclays ( BCS ) - $6.28 Up 20.54% - Barclays is one hot stock today as well, it has been breaking out for days!

Bank of America ( BAC ) - $7.80 Up 20% - BAC was just $5 last week but it appears Jeff Mackie saved the day as well as today's banking news.

Wells Fargo ( WFC ) - $19.59 Up 21% - WFC is going up with the above news, what isn't?

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1 and 3 Month Libor Rates - 1/28/09 - Today's Libor Rates

It seems as though everyone is watching Libor rates these days. Today's Libor Rates for 1/28/09, are: 1 Month Libor Rate - 0.409% & 3 Month Libor Rate - 1.174%. The overnight Libor rate is 0.224%. As you can see, Libor Rates have changed today, January 28, 2009. Both 1 & 3 month Libor Rates went down but the overnight Libor went up today.

Here are Previous Libor rates. You can also compare Libor Rates to how the Dow Jones traded.
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Dow Jones Futures 1/28/09 - Stock Market Futures

How will the stock market open on Tuesday - January 28, 2009? The Dow Jones and Stock Market Futures are pointing toward a higher open for pre market trading.

Stock Market Futures 1/28/09

Dow Jones Futures - Up 108
Nasdaq Futures - Up 15.50
S&P 500 Futures - Up 13.90

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

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Dow Jones Analysis 1/28/09 - Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 1/28/09

Dow Jones Support & Resistance Levels - January 28, 2009

Resistance Levels: 8211, 8250, 8350, 8500
Support Levels: 8000, 7935, 7774

http://stockcharts.com - Chart

The Dow Jones closed right near its 10 day moving average but we failed to take out 8250 intraday. With the futures up tonight, we could very well have a big day tomorrow. I will not get super bullish until we close back over the key resistance level of 8500 which had been support through most of December. After forming a base below 8000 over the past few weeks, it finally looks like the market wants to head higher. The RSI is pointing toward a break out as well!

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

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Nasdaq Analysis 1/28/09 January 28, 2009

The following is Technical Analysis for the Nasdaq ( NAS ) for 1/28/09

Nasdaq Support & Resistance Levels - January 28, 2009

Resistance Levels: 1519, 1550, 1600, 1665

Support Levels: 1500, 1444, 1435, 1400

http://stockcharts.com - Chart

The Nasdaq closed above its 10 day moving average today which is a very bullish indicator. With the stock market futures up tonight, it looks as though we will close over the 50 day moving average tomorrow. This would set up a run toward 1550 and 1600. Resistance after those two levels would be the early Jan high of 1665.63 and the Election high of 1785.84.
A break below 1434 at any time would be very bearish and we'd probably retest the lows. As long as we remain over 1500, I am bullish on the Nasdaq. For More Technical Analysis - Go Here

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

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