BP plc (BP) Stock Drops in Early Trading $36.52

By Tim - http://stockstobuy.org

The following is BP plc (BP) stock technical analysis for June 1, 2010

BP plc (BP) Support & Resistance Levels - 6/1/10

Resistance Levels: $40, $44

Support Levels: $35, $31.11

Chart - http://www.stockcharts.com/

BP plc (BP) stock is set to open up at $36.50 this morning as the oil spill situation is looking very grim. Bp stock has support located at $35 from 2008-2009 but then nothing until $31.11. If BP plc doesn't hold $31.11, look out below! I wouldn't but BP until it closes back above the 10 day moving average.

For more Technical Analysis - Go Here

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Dow Jones Close 6/1/09 - Stock Market Closing Prices

Stock Market Closing Prices - 6/1/09

Dow Jones Industrial Average ( DJIA ) Close - 8721.44 Up 221.11
Nasdaq Stock Market Close - 1828.68 Up 54.35
S&P 500 Close - 942.87 Up 23.73
http://dowjonesclose.com

Libor Rates - 6/1/09 - Mortgage Rates

Commodities Closing Prices - 6/1/09

Gold - 976.80
Oil - 68.25
Natural Gas - 4.25

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The Dow Jones Industrial Average closed at 8721 on 6/1/09, as the stock market exploded higher on a General Motors ( GM ) bankruptcy and better then expected economic data such as construction spending. The Dow Jones Futures opened up higher in pre market and as the economic data trickled out during the morning hours, the stock market went even higher.

The S&P 500 closed over the 200 day moving average for the first time in over a year and the Dow Jones is now in the process of testing It's 200 day moving average. While some Wall Street traders still refer to this run-up as a bear market rally, you cannot ignore the technical signals the stock market is telling us. If GM would have went bankrupt last fall or the start of 2009, the Dow Jones would have been down 800 points in one day. The market is clearly looking past this event and clinging on to signs of a recovery.

The S&P 500 now has support at 930 and 900 while the Dow Jones has support at 8600 and 8500. Check out some of the events I will be watching for Tuesday.

Check out my stocks to watch report for Tuesday. 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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Cell Therapeutics CTIC Stock Halted - News Pending

This afternoon, 6/1/09, Cell Therapeutics, Inc. (CTIC) stock has been halted for news pending. The company will be presenting at the ASCO conference today so i'm assuming this has something to do with the halt.

I will post the news when it hits - you can discuss CTIC at www.stockstobuy.org or view our recent discussion thread.

CTIC News - June 1, 2009

Pixantrone Significantly Increases Complete Remissions, Overall Response Rates, Frequency of Durable Remissions and Progression Free Survival in Patients with Relapsed and Refractory Aggressive Non-Hodgkin's Lymphoma


Cell Therapeutics, Inc. ("CTI") (Nasdaq and MTA: CTIC) announced today that at the 2009 American Society for Clinical Oncology ("ASCO") Annual Meeting for the first time since the top-line data were released, complete pivotal phase III results of CTI's EXTEND (PIX 301) clinical trial of pixantrone (the "PIX 301 EXTEND trial") in relapsed or refractory aggressive non-Hodgkin's lymphoma ("NHL") were presented by Principal Investigator, Ruth Pettengell, M.D. of St. George's Hospital, University of London, the lead investigator for the PIX 301 EXTEND trial who presented the study at ASCO.

"Anthracycline-related drugs can be effective salvage agents in aggressive NHL, but our use of them is limited by the significant increase in risk of cardiac failure associated with high cumulative doses of these drugs," said Dr. Pettengell. "These results represent a breakthrough in that pixantrone could extend our ability to use a highly active anthracycline-like drug in such patients and deserves to be examined in anthracycline naive patients as a potential alternative to currently available standard anthracycline drugs." Full Article


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Biggest Stock Gainers 6/1/09 June 1, 2009

Today, June 1, 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

Discuss Stocks - www.stockstobuy.org

Top Stocks 6/1/09 - Biggest Gainers Today

Aeterna Zentaris Inc. (AEZS) - $2.32 Up 37.28% - AEterna Zentaris Partner Keryx Reports Positive Phase 2 Data for Perifosine (KRX-0401) in Colon and Kidney Cancer at ASCO Meeting

Celldex Therapeutics, Inc. (CLDX) - $11.80 Up 30.82% - Celldex Therapeutics Announces CDX-1307 Clinical Data at 45th Annual ASCO Meeting - CEO was on CNBC this morning

PMI Group Inc. (PMI) - $2.28 Up 31.03% - PMI Amended and Restated Credit Agreement Becomes Effective

U.S. Global Investors, Inc. (GROW) - $8.28 Up 21.84% - No News

Kirkland's Inc. (KIRK) - $9.38 Up 17.54% - No News

Amerigon Inc. (ARGN) - $5.12 Up 15.32% - Amerigon Heated and Ventilated Seat System Selected as Option for 2010 KIA Mohave and 2010 KIA Borrego

American Axle & Manufacturing Holdings Inc. (AXL) - $2.34 Up 14.71% - General Motors files for bankruptcy

YRC Worldwide Inc. (YRCW) - $2.94 Up 13.95% - Stock market is rising - transports are higher

Net 1 Ueps Technologies Inc. (UEPS) - $14.12 Up 15.55% - No News

Elan Corp. plc (ELN) - $7.95 Up 13.90% - Elan shares up 5 percent as Bristol-Myers eyes stake


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

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Hot Penny Stocks 6/1/09 June 1, 2009

Today, 6/1/09, 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. You can find ALL Penny Stock Reports Here

Penny Stock Gainers - June 1, 2009

Discuss Stocks - http://stockstobuy.org

Keryx Biopharmaceuticals Inc. (KERX) - $1.29 Up 84.29% - Keryx Biopharmaceuticals Announces Positive Data from a Randomized, Multi-Center, Placebo-Controlled, Phase 2 Combination Study of KRX-0401 (Perifosine) in the Treatment of Advanced Metastatic Colon Cancer

Sunesis Pharmaceuticals Inc. (SNSS) - $0.74 Up 34.64% - Sunesis Pharmaceuticals Presents Voreloxin Clinical Data at the American Society of Clinical Oncology 2009 Annual Meeting

Meridian Resource Corp. (TMR) - $0.60 Up 22.45% - Oil prices rising

Other Penny Stock Gainers: 6/1/09

iGo, Inc. (IGOI)
ChipMOS TECHNOLOGIES (Bermuda) LTD. (IMOS)
LTX-Credence Corporation (LTXC)
Edge Petroleum Corp. (EPEX)
Dune Energy Inc. (DNE)
Oscient Pharmaceuticals Corp. (OSCI)
Generex Biotechnology Corp. (GNBT)
Dot Hill Systems Corp. (HILL)
Telkonet Inc. (TKO)
India Globalization Capital, Inc. (IGC)
Telik Inc. (TELK)
Anchor BanCorp Wisconsin, Inc. (ABCW)
Antigenics Inc. (AGEN)
Corus Bankshares Inc. (CORS)
MIVA Inc. (MIVA)
AP Pharma Inc. (APPA)
Barzel Industries Inc. (TPUT)
China Direct, Inc. (CDII)
SourceForge, Inc. (LNUX)
US Geothermal Inc. (HTM)
Pinnacle Gas Resources, Inc. (PINN)
YM BioSciences Inc. (YMI)
Peregrine Pharmaceuticals Inc. (PPHM)
Cell Therapeutics, Inc. (CTIC)

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 6/1/09 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 1, 2009 - Up 21 Straight Days

Baltic Dry Index ( BDI ) - 3681 Up 187
Baltic Cape Index ( BCI ) - 6549 Up 424
Baltic Panamax Index ( BPI ) - 3093 Up 193
Supramax Index ( BSI ) - 1835 Up 4
Past Bulk Shipping

Discuss the Baltic Dry Index - Click Here

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Mortgage Rates Today 6/1/09 June 1, 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 - 6/1/09

40-Year Fixed 6.750% 6.954%
30-Year Fixed 5.375% 5.593%
20-Year Fixed 5.375% 5.669%
15-Year Fixed 4.875% 5.241%
5-Year ARM 4.250% 4.212%

FHA Loan - 30 yr fixed - 5.50% 6.17%

For Previous Mortgage Rates - Click Here

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1 and 3 Month Libor Rates - 6/1/09 - Today's Libor Rates

It seems as though everyone is watching Libor rates these days. Today's Libor Rates for 6/1/09, are: 1 Month Libor Rate - 0.320%. & 3 Month Libor Rate - 0.650%. The overnight Libor rate is 0.263%. As you can see, Libor Rates have changed today, June 1, 2009. The Overnight and 3 month libor rates went down while the 1 month libor rate rose.

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

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Dow Jones Futures 6/1/09 Stock Market Futures

How will the stock market open on Monday - June 1, 2009? The Dow Jones and Stock Market Futures are pointing toward a Higher open for pre market. Check out technical analysis for June 1.

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Stock Market Futures 6/1/09 - Pre Market Trading - Updated 7:15am EST


Dow Jones Futures - Up 113
S&P 500 Futures - Up 13.60
Nasdaq Futures - Up 15.75
Nikkei - 9677.75 Up 155.25
Oil Futures - 67.88
Gold Futures - 987.88

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

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Top Penny Stocks June 2009 Stock Gainers

The following is a list of Top Penny Stock Gainers ytd as of June 1, 2009.

Top Penny Stocks List -2009 - June 1, 2009

Discuss Stocks - www.stockstobuy.org

#1 Air Transport Services ( ATSG ) - $1.86 Up 933% in 2009
#2 Cell Therapeutics, Inc. ( CTIC ) - $1.43 Up 921% in 2009
#3 Angiotech Pharmaceuticals, Inc. (USA) ( ANPI ) $1.80 Up 592% in 2009
#4 EntreMed, Inc ( ENMD ) - $0.79 Up 393% in 2009
#5 Hemispherx BioPharma, Inc ( HEB ) - $1.69 Up 369% in 2009
#6 Globalstar, Inc. ( GSAT ) - $0.93 Up 365% in 2009
#7 FiberTower Corp ( FTWR ) - $0.75 Up 363% in 2009
#8 Authentidate Holding Corp ( ADAT ) - $1.09 Up 331% in 2009
#9 MDRNA, Inc. ( MRNA ) - $1.46 Up 329% in 2009
#10 Boise Inc. ( BZ ) - $1.74 Up in 305% in 2009
#11 Astrotech Corp. ( ASTC ) - $1.01 Up 288% in 2009
#12 Select Comfort Corp ( SCSS ) - $0.96 Up 284% in 2009
#13 Paramount Gold and Silver Corp ( PZG ) - $1.75 Up 280% in 2009
#14 Rite Aid Corporation ( RAD ) - $1.16 Up 274% in 2009
#15 Kodiak Oil & Gas Corp. ( KOG ) - $1.16 Up 274% in 2009
#16 Anooraq Resources Corporation (USA) ( ANO ) - $1.23 Up 273% in 2009
#17 Edge Petroleum Corp. ( EPEX ) - $0.59 Up 269% in 2009
#18 VIA Pharmaceuticals, Inc. ( VIAP ) - $0.66 Up 267% in 2009
#19 Evergreen Energy Inc. ( EEE ) - $1.02 Up 264% in 2009
#20 Insmed Incorporated ( INSM ) - $1.68 Up 257% in 2009

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Top Stocks June 2009 Stock Gainers

Below is the 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 in June is Vanda Pharmaceuticals, Inc. (VNDA). You can find my previous report - Right Here

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Top 20 Stocks -2009 - as of June 1, 2009


#1 Vanda Pharmaceuticals Inc ( VNDA ) - $14.64 Up 2828% in 2009
#2 LodgeNet Interactive Corp ( LNET ) - $5.80 Up 729% in 2009
#3 Dollar Thrifty Automotive Group, Inc ( DTG ) - $8.62 Up 691% in 2009
#4 Uranium Energy Corp ( UEC ) - $2.35 Up 658% in 2009
#5 The Providence Service ( PRSC ) - $10.90 Up 652% in 2009
#6 Avis Budget Group Inc. ( CAR ) - $4.80 Up 586% in 2009
#7 Borders Group, Inc. ( BGP ) - $2.67 Up 568% in 2009
#8 Stein Mart, Inc. ( SMRT ) - $6.93 Up 513% in 2009
#9 OncoGenex Pharmaceuticals Inc ( OGXI ) - $17.65 Up 488% in 2009
#10 Virgin Mobile USA, Inc. ( VM ) - $4.81 Up 473% in 2009
#11 Pier 1 Imports, Inc. ( PIR ) - $2.00 Up 441% in 2009
#12 Coffee Holding Co., Inc. ( JVA ) - $4.23 Up 410% in 2009
#13 Dendreon Corporation ( DNDN ) - $22.67 Up 395% in 2009
#14 Valassis Communications, Inc. ( VCI ) - $6.45 Up 389% in 2009
#15 APAC Customer Services, Inc. ( APAC ) - $5.65 Up 367% in 2009
#16 Fortress Investment Group LLC ( FIG ) - $4.65 Up 365% in 2009
#17 Cott Corporation (USA) ( COT ) - $5.88 Up 359% in 2009
#18 DuPont Fabros Technology, Inc ( DFT ) - $9.47 Up 347% in 2009
#19 Augusta Resource Corp. (USA) ( AZC ) - $2.10 Up 357% in 2009
#20 Syntroleum Corporation ( SYNM ) - $2.27 Up 320% in 2009

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Dow Jones Analysis 6/1/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 6/1/09

Dow Jones Industrial Average Support & Resistance Levels - June 1, 2009

Resistance Levels: 8591, 8742

Support Levels: 8250, 8000, 7750

http://stockcharts.com/ - Chart

Stock Market Futures

The Dow Jones bounced off the 10 day moving average today and ripped higher going into the close. I will be watching 8600 next week for a signal that we go up to test the 200 day moving average. On the downside, 8250 continues to hold on a closing basis and I am bullish as long as we stay above this level. For More Technical Analysis - Go Here

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Stocks to Buy June 1, 2009 6/1/09

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 June 1, 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 - 6/1/09 - Stock Market Ideas

Cell Therapeutics, Inc. (CTIC) - CTIC stock broke out to the upside on Friday after consolidating over the past two weeks. CTIC will present data at the ASCO conference over the weekend so this could be a very active stock on Monday after the data is released. Support for CTIC is now $1.37 with resistance at $1.54 & $1.85

Hemispherx Biopharma, Inc. (HEB) - HEB bounced off the 10 day moving average Thursday at $1.50 and hit $1.70 on Friday. All eyes will be on the FDA decision for their drug Ampligen within the next 10 days. Keep HEB on your radar!

Ford Motor Company ( F ) - With a GM bankruptcy imminent, it seems as though you can trust Ford more then ever these days. Look for the stock to test $6 sometime in June. The new Taurus actually looks nice....I've never said that about a Ford before - ( I am an Acura and Maserati fan )

DryShips, Inc. (DRYS) - DRYS continues to break out to the upside, this time breaking through previous resistance of $7.77. The baltic dry index has been on fire for the last 20 trading sessions.

Advanced Life Sciences Holdings, Inc.( ADLS ) - Keep an eye on ADLS on Monday - Advanced Life Sciences Announces Posting of Briefing Documents for FDA Advisory Committee Meeting on Restanza(TM) (cethromycin) - Discuss ADLS

MGM Mirage (MGM) - Keep an eye on MGM next week, showed some nice strength Friday afternoon - watching for a break up through $7.80 which should get the stock moving higher. You can also watch Las Vegas Sands Corp. (LVS) as well!

Direxion Daily Financial Bear 3X Shares (FAZ)
Direxion Daily Finan. Bull 3X Shs(ETF)(FAS) - FAS stock was very boring lately. It continues to trade between $8.60 and $10. Use these two prices as your support and resistance levels.

Citigroup Inc (C:NYSE) - Citigroup is back in the $3.70's. Support is located at $3.60, a close below that would be your first signs of weakness. I would be a buyer of Citi on a close above $4.00.

Bank of America Corp. (NYSE:BAC) - BAC continues to be boring, a close below $10.50 would be your first sign of weakness, a close above $12 would be bullish.

Research In Motion Ltd. (RIMM) - RIMM was very weak on Friday. Appears to be just a minor pullback to support of around $77-$78. I would be selling on a break below $77 and waiting it out. You can always get back in when RIMM gets back about $77 again. Joe Terranova actually added RIMM yesterday in the $80's and appears to now be down on his position.

Other Stocks to Watch - June 1, 2009

J. Crew Group, Inc. (JCG)
U.S. Global Investors, Inc. (GROW)
Penson Worldwide Inc (PNSN)
ArcSight, Inc. (ARST)
Canadian Solar Inc. (CSIQ)
CROCS Inc. (CROX)
New Gold, Inc. (NGD)
Northern Oil and Gas, Inc. (NOG)
Navios Maritime Holdings Inc. (NM)
Star Scientific, Inc. (STSI)

Penny Stocks to Watch - 6/1/09

Mad Catz Interactive Inc. (MCZ)
Edge Petroleum Corp. (EPEX)
Northfield Laboratories Inc. (NFLD)
Air Transport Services Group, Inc. (ATSG)
ZIOPHARM Oncology, Inc. (ZIOP)
YM BioSciences Inc. (YMI)
Sunesis Pharmaceuticals Inc. (SNSS)
Avanir Pharmaceuticals (AVNR)
Oscient Pharmaceuticals Corp. (OSCI)

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

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