Stock Market Closing Prices - 3/10/09
Dow Jones Industrial Average ( DJIA ) Close - 6926.49 Up 379.44
Nasdaq Stock Market Close - 1358.28 Up 89.64
S&P 500 Close - 719.60 Up 43.07
General Electric GE Stock Close -$8.82 Up 19%
http://dowjonesclose.com
Libor Rates - 3/10/09
Commodities Closing Prices - 3/10/09
Gold Close - 899
Oil Close - 46.02
Natural Gas Close - 3.85
The Dow Jones Industrial Average ( DJI ) closed at 6926 on 3/10/09, as the stock market rallied big on news that Citigroup ( C ) has been profitable through February 2009. The Dow Jones Futures opened up significantly higher during pre market as the bank stocks soared on the Citi news. CNBC's Mark Haines then declared a stock market bottom for the first time since this whole stock market crash. It seemed to work because stocks rallied hard at the open and the Dow Jones then spiked up over the 6850 level when Barney Frank spoke about bringing back the uptick rule in the next 30 days. Right before 3pm we saw an attempted sell off but then the stocks ripped even higher. These are signs of a very strong stock market! When stocks opened this morning, stock advancers outpaced decliners by a 10 to 1 margin. We haven't seen this happen in a long time. Jim Cramer then came on CNBC in the afternoon and stated in order for this rally to be real, he would need to see JP Morgan ( JPM ) get and stay over $20. JPM stock is trading at around $19 currently. Also, Meredith Whitney came on CNBC - View her comments Right Here. The Dow Jones closed over the 10 day moving average for the first time since we broke down below it back in early February, a very bullish sign!
I will have full technical analysis of the stock market tonight - Right Here
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index
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Showing posts with label March 10th. Show all posts
Showing posts with label March 10th. Show all posts
Tuesday, March 10, 2009
Meredith Whitney CNBC 3/10/09 March 10, 2009
Meredith Whitney was on cnbc this afternoon( March 10, 2009 ) and gave her comments on the current financial crisis.
- Credit Cards will be the next credit crunch
- At least 2 trillion of credit card lines to be cut by 2010
- Bank credit card portfolios will not be profitable in 2009, might even lose money
Would you be buying the bank stocks right now?
- Goldman Sachs ( GS ) in the $70's yes, $100's no
- There is a trade here, but a trade alone...I think you could probably make money getting long some of these stocks. We will have to see what they do as far a mark to market in April.
Citigroup ( C ) - they don't make money in any of their businesses - you see Citi up 28% today but its only $0.28 cents. I am skeptical of these relief rallies.
Citi will be forced to sell their crown jewels
Mark to Market accounting
The damage is already done....if the market comes back, they don't get the benefit to write their assets back up. Mark to market doesn't really matter right now.
TALF - Is TALF going to be enough? They are trying to entice the private sector to come back into the market, private capital has to have sweet terms to get back into the stock market.
With these bank stocks - you could see them go up on earnings in the first quarter because of a head fake on the mortgage moratorium.
View all of Meredith Whitney's comments right here.
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
- Credit Cards will be the next credit crunch
- At least 2 trillion of credit card lines to be cut by 2010
- Bank credit card portfolios will not be profitable in 2009, might even lose money
Would you be buying the bank stocks right now?
- Goldman Sachs ( GS ) in the $70's yes, $100's no
- There is a trade here, but a trade alone...I think you could probably make money getting long some of these stocks. We will have to see what they do as far a mark to market in April.
Citigroup ( C ) - they don't make money in any of their businesses - you see Citi up 28% today but its only $0.28 cents. I am skeptical of these relief rallies.
Citi will be forced to sell their crown jewels
Mark to Market accounting
The damage is already done....if the market comes back, they don't get the benefit to write their assets back up. Mark to market doesn't really matter right now.
TALF - Is TALF going to be enough? They are trying to entice the private sector to come back into the market, private capital has to have sweet terms to get back into the stock market.
With these bank stocks - you could see them go up on earnings in the first quarter because of a head fake on the mortgage moratorium.
View all of Meredith Whitney's comments right here.
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Jim Cramer JP Morgan JPM 3/10/09 - March 10, 2009
Jim Cramer of CNBC said during his Stop Trading segment that you have to see Jp Morgan ( JPM ) go into the $20's before you can declare a " stock market bottom" for 2009 and declare today's rally more then a bear market bounce. Keep an eye on JPM stock as we trade over the next several weeks.
Keep in mind, Jim Cramer was not bullish over the past week when his friend Doug Kass made bottom statements for the S&P 500. The Doug Kass bottom is actually 693 on the S&P 500 which we broke but are now trading over 710 today on the Citigroup ( C ) news. Although, Cramer notes that the uptick rule would make him bullish.
"The Chinese stimulus plan changes spending habits as they are basically giving you money to spend. Check out FXI stock. if you like China. "
Fertilizer Stock Plays - " I like TNH because of dividend play. "
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Keep in mind, Jim Cramer was not bullish over the past week when his friend Doug Kass made bottom statements for the S&P 500. The Doug Kass bottom is actually 693 on the S&P 500 which we broke but are now trading over 710 today on the Citigroup ( C ) news. Although, Cramer notes that the uptick rule would make him bullish.
"The Chinese stimulus plan changes spending habits as they are basically giving you money to spend. Check out FXI stock. if you like China. "
Fertilizer Stock Plays - " I like TNH because of dividend play. "
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
DRYS POT RIMM Analysis 3/10/09 - March 10, 2009
I updated the following technical anlaysis stock charts at http://blackberrystocks.com/charts.html
Technical Analysis Updates: March 10, 2009
Research in Motion - RIMM
Potash - POT
DryShips - DRYS
First Solar - FSLR
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Technical Analysis Updates: March 10, 2009
Research in Motion - RIMM
Potash - POT
DryShips - DRYS
First Solar - FSLR
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Uptick Rule Barney Frank March 10, 2009
Barney Frank is out today, March 10, 2009, saying that he expects the uptick rule to be restored within the next month. The Stock Market is running wild today, the news just keeps getting better. The uptick rule will slow down declines when the stock market is going down.
What is the uptick rule?
( From Wikipedia ) The uptick rule is a securities trading rule used to regulate short selling in financial markets. The rule mandates, subject to certain exceptions, that, when sold, a listed security must either be sold short at a price above the price at which the immediately preceding sale was effected or at the last sale price if it is higher than the last different price.
Stock Market Highlights Today - 3/10/09
Citigroup Profitability
Mark Haines Bottom Call
Now... Barney Frank's Uptick Rule Statement
Keep an eye on the Dow Jones going into the close because 6844 is where the 10 day moving average is currently located. A close over this level would be HUGE! you can see a new chart of this tonight - Right Here
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
What is the uptick rule?
( From Wikipedia ) The uptick rule is a securities trading rule used to regulate short selling in financial markets. The rule mandates, subject to certain exceptions, that, when sold, a listed security must either be sold short at a price above the price at which the immediately preceding sale was effected or at the last sale price if it is higher than the last different price.
Stock Market Highlights Today - 3/10/09
Citigroup Profitability
Mark Haines Bottom Call
Now... Barney Frank's Uptick Rule Statement
Keep an eye on the Dow Jones going into the close because 6844 is where the 10 day moving average is currently located. A close over this level would be HUGE! you can see a new chart of this tonight - Right Here
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Biggest Stock Gainers 3/10/09 March 10, 2009
Today, March 10, 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
Citigroup is causing today's stock market rally as well as the Mark Haines Bottom Call.
Hot Stocks 3/10/09 - Biggest Gainers Today
Gaylord Entertain ( GET ) - $6.70 Up 36.70% - Gaylord Entertainment ends proxy battle
United Community Banks ( UCBI ) - $3.00 Up 26.58% - Up on the Citi news
Lincoln National ( LNC ) - $6.43 Up 28% - LNC going up on the Citi news
Casey's General Stores ( CASY ) - $23.60 Up 25% - Casey's General Stores posts higher 3Q profit
Financial Bull 3X ( FAS ) - $3.39 Up 25% - FAS up big as the financials move higher on the Citi news above.
Bank of America ( BAC ) - $4.68 Up 24.56% - B of A is higher because of the Citigroup news.
Today's 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
Citigroup is causing today's stock market rally as well as the Mark Haines Bottom Call.
Hot Stocks 3/10/09 - Biggest Gainers Today
Gaylord Entertain ( GET ) - $6.70 Up 36.70% - Gaylord Entertainment ends proxy battle
United Community Banks ( UCBI ) - $3.00 Up 26.58% - Up on the Citi news
Lincoln National ( LNC ) - $6.43 Up 28% - LNC going up on the Citi news
Casey's General Stores ( CASY ) - $23.60 Up 25% - Casey's General Stores posts higher 3Q profit
Financial Bull 3X ( FAS ) - $3.39 Up 25% - FAS up big as the financials move higher on the Citi news above.
Bank of America ( BAC ) - $4.68 Up 24.56% - B of A is higher because of the Citigroup news.
Today's 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
Hot Penny Stocks 3/10/09 March 10, 2009
Today, 3/10/09, 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, especially in this environment! You can find ALL Penny Stock Reports Here
Penny Stock Gainers - March 10, 2009
Las Vegas Sands ( LVS ) - $1.73 Up 22% - Las Vegas Sands told COO he was being replaced. Las Vegas Sands told President and COO Weidner he was being replaced, then Weidner resigns
General Growth Properties ( GGP ) - $0.45 Up 18.42% - General Growth asks bondholders for more time
Fifth Third Bancorp ( FITB ) - $1.56 Up 12.23% - FITB going up on the citigroup news.
Genworth Financial ( GNW ) - $1.02 Up 12.09% - GNW going up on the citigroup news.
Citigroup ( C ) - $1.25 Up 19.05% - CEO Vikram Pandit says company profitable through Feb 2009.
Today's 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
Penny Stock Gainers - March 10, 2009
Las Vegas Sands ( LVS ) - $1.73 Up 22% - Las Vegas Sands told COO he was being replaced. Las Vegas Sands told President and COO Weidner he was being replaced, then Weidner resigns
General Growth Properties ( GGP ) - $0.45 Up 18.42% - General Growth asks bondholders for more time
Fifth Third Bancorp ( FITB ) - $1.56 Up 12.23% - FITB going up on the citigroup news.
Genworth Financial ( GNW ) - $1.02 Up 12.09% - GNW going up on the citigroup news.
Citigroup ( C ) - $1.25 Up 19.05% - CEO Vikram Pandit says company profitable through Feb 2009.
Today's 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
Baltic Dry Index Shipping Rates 3/10/09 BDI
The following is a report on Dry Bulk Shipping Rates for 3/10/09. 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 - March 10, 2009 - Up 8 Straight Days
Baltic Dry Index ( BDI ) - 2298 Up 36
Spot 4 - TC Average - 28083 Down 299
Baltic Cape Index ( BCI ) - 2807 Down 24
Baltic Panamax Index ( BPI ) - 2417 Up 101
Supramax Index ( BSI ) - 1728 Up 15
Past Bulk Shipping Rates
For More Stock Market Updates, visit , http://daytradingstockblog.blogspot.com/ or Subscribe for FREE
http://dryindex.com/
Dry Bulk Shipping Rates - March 10, 2009 - Up 8 Straight Days
Baltic Dry Index ( BDI ) - 2298 Up 36
Spot 4 - TC Average - 28083 Down 299
Baltic Cape Index ( BCI ) - 2807 Down 24
Baltic Panamax Index ( BPI ) - 2417 Up 101
Supramax Index ( BSI ) - 1728 Up 15
Past Bulk Shipping Rates
For More Stock Market Updates, visit , http://daytradingstockblog.blogspot.com/ or Subscribe for FREE
Bank Stocks 3/10/09 March 10, 2009 - Citi
Today, 3/10/09, the bank stocks are higher as Citigroup's ( C ) CEO Vikram Pandit has come out and says that Citi is profitable through February. Citigroup Inc. has been operating at a profit through the first two months of the year, according to a letter that the bank's chief executive sent to employees. This news is stunning and is the type of news, if true, could really turn the stock market around quickly.
Banking Stock Update - March 10, 2009
Citigroup ( C ) - $1.17 Up 11.43% - In the letter sent Monday, CEO Vikram Pandit said Citi had an operating profit of $8.3 billion before taxes and special items through February. Pandit said the first-quarter performance so far has been the bank's best since the last time it recorded net income for a full quarter -- that was in the July-September period in 2007.
Barclays ( BCS ) - $3.92 Up 17.72% - Barclays upgraded to outperform at Credit Suisse
Financial Bull 3X ( FAS ) - $3.17 Up 17.41% - FAS up on the Citi news, FAZ tanking
Bank of America ( BAC ) - $4.22 Up 12.53% - BAC up on the Citigroup news
Wells Fargo ( WFC ) - $10.98 Up 11.12%
General Electric ( GE ) - $7.78 Up 4.99%
Today's 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
Banking Stock Update - March 10, 2009
Citigroup ( C ) - $1.17 Up 11.43% - In the letter sent Monday, CEO Vikram Pandit said Citi had an operating profit of $8.3 billion before taxes and special items through February. Pandit said the first-quarter performance so far has been the bank's best since the last time it recorded net income for a full quarter -- that was in the July-September period in 2007.
Barclays ( BCS ) - $3.92 Up 17.72% - Barclays upgraded to outperform at Credit Suisse
Financial Bull 3X ( FAS ) - $3.17 Up 17.41% - FAS up on the Citi news, FAZ tanking
Bank of America ( BAC ) - $4.22 Up 12.53% - BAC up on the Citigroup news
Wells Fargo ( WFC ) - $10.98 Up 11.12%
General Electric ( GE ) - $7.78 Up 4.99%
Today's 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
1 and 3 Month Libor Rates - 3/10/09 - Today's Libor Rates
It seems as though everyone is watching Libor rates these days. Today's Libor Rates for 3/10/09, are: 1 Month Libor Rate - 0.564% & 3 Month Libor Rate - 1.331%. The overnight Libor rate is 0.330%. As you can see, Libor Rates have changed today, March 10th, 2009. The overnight and three Libor rates went up today while the 1 month libor stayed the same.
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
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
Monday, March 9, 2009
Dow Jones Futures 3/10/09 - Stock Market Futures
How will the stock market open on Tuesday - March 10, 2009? The Dow Jones and Stock Market Futures are pointing toward a higher open for pre market as the CEO of Citigroup ( C ) says they are operating at a PROFIT through February. Check out technical analysis for March 10th.
Stock Market Futures 3/10/09 - Pre Market Trading - Updated 8:15am EST
Dow Jones Futures - Up 113
S&P 500 Futures - Up 14
Nasdaq Futures - Up 15
Nikkei - 7054 Down 34
Oil Futures - 47.80
Gold Futures -909.90
Today's 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
Stock Market Futures 3/10/09 - Pre Market Trading - Updated 8:15am EST
Dow Jones Futures - Up 113
S&P 500 Futures - Up 14
Nasdaq Futures - Up 15
Nikkei - 7054 Down 34
Oil Futures - 47.80
Gold Futures -909.90
Today's 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
Dow Jones Analysis 3/10/09 Stock Market Analysis
The following is Technical Analysis for the Dow Jones ( DJIA ) for 3/10/09Dow Jones Support & Resistance Levels - March 10, 2009 - DJI
Resistance Levels: 6750, 6900, 7000, 7449, 7500, 7552
Support Levels: 6500, 6310, 6000
http://stockcharts.com/ - Chart
The Dow Jones bounced off of 6500 today and failed to make a new 52 week low but was still down 80 points. Support at 6500 has been solid over the past 3 days but if we start going toward the low 6400's I think we will retest the 6310 level. A break below that level and 6000 will most likely be tested. Keep an eye on the 10 day moving average, once we get a close over this level I think we will see a nice recovery...as long as we stay below it, the stock market is vulnerable! For More Technical Analysis - Go Here
Today's 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
Today's 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
Nasdaq Analysis 3/10/09 March 10, 2009
The following is Technical Analysis for the Nasdaq ( NAS ) for 3/10/09Nasdaq Support & Resistance Levels - March 10, 2009
Resistance Levels: 1315, 1325, 1350, 1400, 1456
The Nasdaq continues to break to new 52 week lows and is rapidly approaching the 2002 support level of 1253. If this support level of 1253 does not hold, there is a huge gap down to the 1193 level. On the upside, I think if we break above 1325 we could retest the 1350-1400 level. I will get bullish when the Nasdaq closes back over its 10 day moving average which tomorrow will be down to around 1340. For More Technical Analysis - Go Here
Today's 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
Today's 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
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