Dow Jones Close 3/31/09 - Stock Market Closing Prices

Stock Market Closing Prices - 3/31/09

Dow Jones Industrial Average ( DJIA ) Close - 7608.92 Up 86.90
Nasdaq Stock Market Close - 1528.59 Up 26.79
S&P 500 Close - 797.83 Up 10.30
http://dowjonesclose.com

Libor Rates - 3/31/09

Commodities Closing Prices - 3/31/09

Gold - 922.60
Oil - 49.10
Natural Gas - 3.78

The Dow Jones Industrial Average closed at 7601 on 3/31/09, as the stock market appears to have accepted the fact that General Motors ( GM ) and Chrysler will most likely go bankrupt.
The Dow Jones Futures were up this morning after Alcoa ( AA ) was upgraded by Deutsche Bank on takeover speculation. Stock market volume was very light today, even lighter then yesterdays sell-off. Stocks climbed steadily throughout the day as we close the books on the 1st quarter of 2009. However, gains were cut in half after the final 30 minutes of trading. It will be interesting to see if there is further profit taking this week due to the recent end of the quarter buying.

The Dow Jones, Nasdaq, and S&P 500 are back above the 50 day moving average, a very bullish sign going forward. I still expect more downside but I think we will probably start trending sideways for awhile. I can see the Dow trading between 7500-8000 for the next few weeks before the next major move. For a list of stocks to watch tomorrow, check out my Stocks to Buy page.

Doctor Doom, Nouriel Roubini was on CNBC this morning. He basically took away the Great Depression II scenario but still thinks the stocks market will retest the lows later this year.

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

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Biggest Stock Gainers 3/31/09 March 31, 2009

Today, March 31, 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

Hot Stocks 3/31/09 - Biggest Gainers Today

Jackson Hewitt Tax Service Inc. (JTX) - $5.39 Up 23.91% - No News - Tax Season is good??

Lincoln National Corp. (LNC) - $7.52 Up 17.32% - Lincoln Financial Group To Pay $500 Million Debt Maturity on April 6

TBS International Limited (TBSI) - $7.54 Up 16.18% - TBS International Limited Reports Fourth Quarter and Year Ended December 31, 2008 Financial Results

Amylin Pharmaceuticals Inc. (AMLN) - $13.25 Up 17.05% - Amylin, Eli Lilly see positive exenatide study - Amylin Pharmaceuticals, Eli Lilly and Alkermes report positive diabetes study results.

Fortress Investment Group LLC (FIG) - $2.59 Up 15.62% - No News

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

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Hot Penny Stocks 3/31/09 March 31, 2009

Today, 3/31/09, 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 31, 2009

Targeted Genetics Corp. (TGEN) - $0.44 Up 91.30% - No News, Earnings After the Bell - Targeted Genetics to Host Conference Call and Webcast Discussion of Fourth Quarter and Year-End 2008 Financial Results on March 31, 2009

Spansion Inc. (SPSN) - $0.135 Up 170% - No news

Verenium Corporation (VRNM) - $0.32 Up 39% - No News

Fairpoint Communications, Inc. (FRP) - $0.79 Up 23.44% - No News

Enova Systems Inc. (ENA) - $1.00 Up 100% - No News

FX Real Estate & Entertainment Inc. (FXRE) - $0.25 up 19.19% - No News

Adventrx Pharmaceuticals Inc. (ANX) - $0.13 Up 20.37% - No News

Powerwave Technologies Inc. (PWAV) - $0.58 Up 13.73% - No News

Angiotech Pharmaceuticals Inc. (ANPI) - $0.50 Up 13% - Angiotech Pharmaceuticals, Inc. announces License Agreement with Baxter International Inc.

General Growth Properties Inc. (GGP) - $0.67 Up 22% - General Growth discusses unsecured notes

Conseco Inc. (CNO) - $0.74 Up 9% - Conseco Closes Amendment to Credit Facility

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Baltic Dry Index Shipping Rates 3/31/09 BDI

The following is a report on Dry Bulk Shipping Rates for 3/31/09. 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 31, 2009 - Down 15 Straight Days

Baltic Dry Index ( BDI ) - 1615 Down 31
Spot 4 - TC Average - 18062 Down 196
Baltic Cape Index ( BCI ) - 2066 Down 12
Baltic Panamax Index ( BPI ) - 1374 Down 60
Supramax Index ( BSI ) - 1288 Down 25
Past Bulk Shipping Rates

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Nouriel Roubini March 31 2009 3/31/09 CNBC

Nouriel Roubini, " Dr. Doom, " came on CNBC this morning and gave comments on what he is seeing in the stock market and financial sector. Nouriel Roubini has been calling this meltdown and has been right for 3 years. He has a downside target for the S&P 500 at 600 and believes this is just another bear market rally. Nouriel believes recent lows will be tested again.

Toxic Asset Plan:

- It will work for awhile but its still not going to stop the problem because they might sell assets below value.

- No one knows what the bad assets are worth, some banks will resist selling them at low prices

- It is time for a special insolvency regime for institutions

- Government bears risks after first losses of toxic loans

- If economy gets worse, it could get ugly very quickly

- There is still a wealth transfer taking place

- Still think some banks must fail and get taken over

Light at the end of the tunnel - We are going to avoid a depression - since they are using everything in their power to avoid this ( the bazooka ) - But it's going to be a long way out of this.

We are close to a stock market bottom but this is just another bear market rally. I still see downside risk more then upside risks for the stock market.

I've been right for three years, in my view, this is still a bear market rally. I see the previous lows being tested again. I will be the first to tell you when I see a recovery. You saw the market get pushed down 3-4% on the GM news yesterday. This is a very shaky stock market!!

Housing prices will fall by another 15-20% - Housing market has not bottomed out. I am still much more bearish then consensus.

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Bank Stocks 3/31/09 March 31, 2009 - FAS

The bank stocks are getting a bounce this morning after getting crushed yesterday. Most of these are trading below both 10 & 50 day moving averages so be careful. On sell-off days they will get hit the hardest as long as the above statement is true. I plan on trading Financial Bull ( FAS ) today since I think it is oversold.

Bank Stock Update - 3/31/09 - Pre Market Trading

Bank of America ( BAC ) - $6.31 Up 4.64%

Citigroup ( C ) - $2.48 Up 7.36%

Financial Bull ( FAS ) - $5.21 Up 7.42%

American International Group ( AIG ) - $1.03 Up 8.42%

Wells Fargo ( WFC ) - $14.05 Up 5.09%

General Electric ( GE ) - $10.14 Up 2.11%

JP Morgan ( JPM ) - $25.43 Up 2.33%

Financial Bear ( FAZ ) - $22.78 Down 7.55%

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

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1 and 3 Month Libor Rates - 3/31/09 - Today's Libor Rates

It seems as though everyone is watching Libor rates these days. Today's Libor Rates for 3/31/09, are: 1 Month Libor Rate - 0.501%. & 3 Month Libor Rate - 1.192%. The overnight Libor rate is 0.510%. As you can see, Libor Rates have changed today, March 31st, 2009.

The 1 & 3 Month Libor Rates fell while the Overnight rate went up.

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

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Dow Jones Futures 3/31/09 Stock Market Futures

How will the stock market open on Tuesday - March 31, 2009? The Dow Jones and Stock Market Futures are pointing toward a lower open for pre market. Check out technical analysis for March 31st.

Stock Market Futures 3/31/09 - Pre Market Trading - Updated 7:40am est

Dow Jones Futures - Up 66
S&P 500 Futures - Up 6.50
Nasdaq Futures - Up 13.25
Nikkei - 8109 Up 127
Oil Futures - 49.80
Gold Futures - 920.00

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Dow Jones Analysis 3/31/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 3/31/09

Dow Jones Support & Resistance Levels - March 31, 2009

Resistance Levels: 7600, 8000, 8250

Support Levels: 7500, 7200

http://stockcharts.com/ - Chart

Stock Market Futures

The Dow Jones closed below both key moving averages today which to me signals further downside to come. The next support level is around 7200 and if that doesn't hold, 7000 is the next support level. I will get bullish again when the Dow gets back above 7600.
8000 has been a major resistance level over the past 6 months and when we get back over that level the Dow should make a run toward 9000. For More Technical Analysis - Go Here

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Nasdaq Analysis 3/31/09 March 31, 2009

The following is Technical Analysis for the Nasdaq ( IXIC ) for 3/31/09

Nasdaq Support & Resistance Levels - March 31, 2009

Resistance Levels: 1500, 1513, 1600

Support Levels: 1490, 1463, 1400

http://stockcharts.com - Chart

Stock Market Futures

The Nasdaq is starting to break down after a huge run over the past 3 weeks. I continue to believe that the Nasdaq Bottom has been put in at 1265 but I cannot say this about the Dow or the S&P 500 just yet. The Nasdaq broke closed below the 10 day moving average so I expect a retest of the 50 day moving average ( 1464 ) to be tested sometime this week. If we close below the 50 day, I think we head back to 1400. The postive thing about this sell-off is the volume has been light. Spikes back to the 10 day moving average ( 1512ish ) will be met with sellers. For More Technical Analysis - Go Here

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Stocks to Buy March 31, 2009 3/31/09

Monday, 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 March 31, 2009. Also, check out the Biggest Stock Gainers of the Day. You can also find previous stocks to buy reports - Right Here

Stocks to Watch - 3/31/09 - Stock Market Ideas

Afterhours Trading:

Huntington Bancshares Inc. (HBAN) - $1.53 Up 6.25% - No News

Short ETF's - As the stock market tanks because of General Motors ( GM ) bankruptcy concerns, the following ETF's saw money flow into them. These stocks are worth watching again tomorrow.

Financial Bear 3X ( FAZ )
Emerging Markets Bear 3X Shares (EDZ)
DB Crude Oil Dble Short ETN (DTO)
UltraShort FTSE/Xinhua China 25 ProShare (FXP)
UltraShort Financials ProShares (SKF)
Energy Bear 3X Shares (ERY)
UltraShort Basic Materials ProShares (SMN)
Direxion Large Cap Bear 3X Shares (BGZ)
UltraShort DJ-AIG Crude Oil ProShares (SCO)
UltraShort MSCI Emerging Mrkts ProShares (EEV)
Direxion Small Cap Bear 3X Shares (TZA)
UltraShort Real Estate ProShares (SRS)
UltraShort Oil & Gas ProShares (DUG)
UltraShort S&P500 ProShares (SDS)
UltraShort Dow30 ProShares (DXD)
UltraShort MidCap400 ProShares (MZZ)
UltraShort QQQ ProShares (QID)

Other Hot Stocks to Watch:

Cell Therapeutics, Inc. (CTIC) - $0.46 Up 31.29% - After shaking the weak holders out late Friday and early Monday, CTIC is once again going up on heavy volume after bouncing off the 10 day moving average ( 0.24 ).

Providence Service Corp. (PRSC) - $6.88 Up 27.64% - PRSC released great earnings along with guidance Friday evening. PRSC is one the Top 2009 Stock gainers.

Axcelis Technologies Inc. (ACLS) - $0.41 Up 14.89% - Axcelis Technologies Completes Sale of Its Interest in Joint Venture SEN Corporation to Sumitomo Heavy Industries - Company Fulfills Obligations On Convertible Senior Subordinated Notes

InterDigital, Inc. (IDCC) - $26.75 Up $21.10% - InterDigital to Expand Technology Development and Licensing, Realign SlimChip Business to Monetize IP - Restructuring Efforts to Reduce Costs by Approximately $33 Million Pre-Tax Annualized - New Investments to Target Invention-Rich Areas in Broader Wireless Segment

Fifth Third Bancorp (FITB) - $2.48 Up 5.53% - Fifth Third sells stake in processing business - Fifth Third sells 51 percent stake in payments-processing business to Advent International

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Earnings Report 3/31/09 March 31, 2009

The Stock Market continues to go down as it appears likely General Motors ( GM ) will eventually be forced into bankruptcy. Over the weekend, we also had Timothy Geithner say that certain banks are going to need more financial aid. Lastly, we have a highly anticipated jobs report due out on Friday.

The following companies will report earnings tomorrow, March 31st.

Companies Reporting Earnings for March 31, 2009


GigaMedia GIGM 3/31 8am .15EPS

CNOOC CEO 3/31 8am 1.75EPS

Lennar LEN 3/31 8am -.64EPS

Apollo Group APOL 3/31 4pm .65EPS

Borders Group BGP 3/31 4pm .95EPS

Heelys HLYS 3/31 4pm .01EPS

Sealy ZZ 3/31 4pm -.03EPS


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