Stock Market May 6, 2009 5/6/09 Wall Street

The stock market was down slightly Tuesday as investors took profits from the late day surge on Monday. The Dow Jones is struggling with 8500 and the S&P 500 is trying to hold 900.

What's in store for the stock market Wednesday, May 6th?

Stock Forum - www.stockstobuy.org

Stock Market May 6, 2009

Economic Date: The following economic data will be released on Wednesday and this data has the potential to really move markets. Of coarse, traders will be focused on what comes out of the stress test on Thursday, 5/7/09.

ADP Employment - 8:15am Est - Market Expects a loss of 643,000
Crude Inventories - 10:35am Est

Earnings Reports Expected - 5/6/09

Alpha Natural Resources ANR 5/06 8am .49EPS

Boyd Gaming BYD 5/06 8am .08EPS

Diana Shipping DSX 5/06 8am .46EPS

Foster Wheeler FWLT 5/06 8am .68EPS

Garmin GRMN 5/06 8am .41EPS

Transocean RIG 5/06 8am 3.50EPS

Cisco Systems CSCO 5/06 4pm .25EPS

Eagle Bulk Shipping EGLE 5/06 4pm .37EPS

Mercadolibre MELI 5/06 4pm .10EPS


I will post my stocks to watch list later today, Right Here

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

For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free

Stock Market May 5, 2009 5/5/09 Wall Street

The stock market exploded higher on Monday due to a better then expected manufacturing number out of China and the fact that March U.S Pending Home Sales showed an increase of 3.2%. This is big news!

What's in store for the stock market Tuesday, May 5th?

Stock Forum - www.stockstobuy.org

Stock Market May 5, 2009

Economic Data:

ISM Services due out at 10am - Wall Street expects a reading of 42.0.

Earnings Reports: The following companies will report earnings Tuesday.


Archer Daniels ADM 5/05 8am .49EPS

Intercontinental Exchange ICE 5/05 8am .96EPS

Tenet Healthcare THC 5/05 8am .03EPS

Walt Disney DIS 5/05 4pm .41EPS

ValueClick VCLK 5/05 4pm .12EPS

True Religion Apparel TRLG 5/05 4pm .29EPS

Electronic Arts ERTS 5/05 4pm -.42EPS

Keep in mind, the bank stress test results will be released on Thursday and the employment report will be released on Friday. We are looking at a busy end of the week coming up soon! The Dow Jones is now testing resistance of 8500 and looks poised to break through this area sometime this week.

I will post my stocks to watch list later today, Right Here

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

For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free

Stock Market April 27, 2009 4/27/09

The Stock Market rallied big on Friday as the stress test parameters were released as well as better then expected new home sales data. These two news items will carry into trading on Monday. Financial Bull 3x ( FAS ) stock went back into the $8.00's and appears to be wanting to go higher.

Auto Bankruptcy: There has been chatter about Chrysler possibly going into bankruptcy soon as a test before a possible General Motors ( GM ) bankruptcy. This is a story you will want to watch daily for the next few months. Ford ( F ) released earnings on Friday and appears to be doing better then expected!

Stock Market April 27, 2009

Earnings Reports due out in the Morning:


Valero Energy VLO 4/27 8am .50EPS

Verizon VZ 4/27 8am .59EPS

Economic Data: None

Baidu BIDU 4/27 4pm .74EPS

Southwestern Energy SWN 4/27 4pm -.20EPS


I will post my stocks to watch list later today, Right Here

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

For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free

Stock Market April 23, 2009 4/23/09

The Stock Market was on fire Wednesday after earnings reports out of Wells Fargo ( WFC ) and AT&T ( T ). Shares of General Electric ( GE ) were up 5% to $12.28 which helped the Dow Jones rise.

All eyes will be on Apple ( AAPL ) which reports Wednesday evening. This earnings report will set the tone for trading on Thursday, April 23rd.

Stock Market April 23, 2009

Earnings Reports due out in the Morning:

Bungie BG 4/23 8am .62EPS

Chicago Mercantile Exchange CME 4/23 8am 3.25EPS

ConocoPhillips COP 4/23 8am .51EPS

Diamond Offshore DO 4/23 8am 2.22EPS

EMC Corp EMC 4/23 8am .17EPS

Fifth Third Bancorp FITB 4/23 8am -.29EPS

Nucor NUE 4/23 8am -.58EPS

Pepsico PEP 4/23 8am .67EPS

Potash POT 4/23 8am .86EPS

United Parcel Service UPS 4/23 8am .56EPS
----------------------------------------------
Economic Data:

Initial Claims due out at 8:30am EST
Existing Home Sales due out at 10:00am EST

------------------------------------------------

Amazon AMZN 4/23 4pm .31EPS

Amgen AMGN 4/23 4pm 1.15EPS

Bucyrus BUCY 4/23 4pm .68EPS

CF Industries CF 4/23 4pm .75EPS

Juniper Networks JNPR 4/23 4pm .17EPS

Microsoft MSFT 4/23 4pm .39EPS

Netflix NFLX 4/23 4pm .31EPS

YRC Worldwide YRCW 4/23 4pm -1.73EPS

Time and Dates subject to change......they sometimes do!

I will post my stocks to watch list later today, Right Here

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

For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free

Stock Market April 22, 2009 4/22/09

The Stock Market bounced Tuesday as financials led the charge higher after being oversold in pre market. The Financial Bull 3X ( FAS ) was trading at $5.50-$5.60 in pre market as traders couldn't sell fast enough. FAS was just $9.50 on Friday!! As I stated last night, my buy zone was $5.86-$6.20 for a bounce and FAS is now trading at $7.00. I will let FAS settle down for now and try to figure out the next major directional move. However, for a trade, i'd be a buyer below $6 again. Citigroup ( C ) hit support between $2.60-$2.70 and is now almost $3.25. Huge swings in the financials! This just goes to show you, these stocks are trading vehicles and not long term investments right now.

Wednesday, April 22, will be another volatile day as investors prepared for maybe the busiest day of the earnings season so far in 2009. I will be watching what comes out of Wells Fargo ( WFC ), Morgan Stanley ( MS ), and Apple Inc ( AAPL ).


Stock Market April 22, 2009

Earnings Reports due out in the Morning:

Altria Group MO 4/22 8am .40EPS

AT&T T 4/22 8am .48EPS

EnCana ECA 4/22 8am .68EPS

Freeport-McMoran FCX 4/22 8am .15EPS

McDonald's MCD 4/22 8am .82EPS

SLM Corp SLM 4/22 8am .20EPS

Boeing BA 4/22 8am 1.21EPS

Wells Fargo WFC 4/22 8am .55EPS

Morgan Stanley MS 4/22 8am .43EPS

--------------------------------------------------
Economic Data: 4-22-09

Crude Inventories - Due out at 10:35am EST
--------------------------------------------------

Apple AAPL 4/22 4pm 1.08EPS

Chipotle Mexican Grill CMG 4/22 4pm .54EPS

eBay EBAY 4/22 4pm .34EPS

F5 Networks FFIV 4/22 4pm .38EPS

Qualcomm QCOM 4/22 4pm .41EPS

Steel Dynamics STLD 4/22 4pm -.43EPS

VMware VMW 4/22 4pm .20EPS

Xilinx XLNX 4/22 4pm .18EPS


I will post my stocks to watch list later today, Right Here

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

For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free

Stock Market April 21, 2009 4/21/09

The Stock Market was in sell off mode Monday as financials led the downdraft. Stocks such as Citigroup ( C ) and Bank of America ( BAC ) were hit hard. The financial bull 3x ( FAS ) tumbled below the 10 day moving average of $8.08. This is a key level I will be watching over the next several days. Below is a list of news events to watch in the stock market for Tuesday, April 21st.

Stock Market April 21, 2009

Earnings Reports due out in the Morning:


Brinker EAT 4/21 8am .29EPS

Bank of New York BK 4/21 8am .64EPS

Caterpillar CAT 4/21 8am .10EPS

Dupont DD 4/21 8am .54EPS

Huntington Bancshares HBAN 4/21 8am -.08EPS

Merck MRK 4/21 8am .77EPS

Schering-Plough SGP 4/21 8am .47EPS

State Street STT 4/21 8am 1.05EPS

Coca-Cola KO 4/21 8am .65EPS

Economic Data: None!


Advanced Micro Devices AMD 4/21 4pm -.66EPS

Broadcom BRCM 4/21 4pm .02EPS

Capital One COF 4/21 4pm .06EPS

Norfolk Southern NSC 4/21 4pm .55EPS

San Disk SNDK 4/21 4pm -.73EPS


I will post my stocks to watch list later today, Right Here

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

For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free

Stock Market April 20, 2009 4/20/09

The Stock Market is digesting earnings of out Citigroup ( C ) and General Electric ( GE ) Friday as Wall Street is slightly down. As you probably know, this could all change quickly. The stock market seems to sell off in the morning and surge in the late afternoon hours. The busiest week for earnings will start on Monday, April 20 2009. With no real economic data due out on Monday, below is a list of the companies I follow that will release earnings. Bank of America could be a market mover.

Stock Market April 20, 2009

Earnings Reports due out in the Morning:

Eaton ETN 4/20 8am -.20EPS

Arch Coal ACI 4/20 8am .29EPS

Bank of America BAC 4/20 8am .02EPS

Earnings after Bell

IBM IBM 4/20 4pm 1.66EPS

Texas Instruments TXN 4/20 4pm -.02EPS

I will post my stocks to watch list later today, Right Here

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

For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free

Stock Market April 15, 2009 4/15/09

We are half way through the trading session today, 4/14/09. The top news story has to be the retail sales data that was released this morning. March retail sales fell 1.1% in which leading economists expected a positive sales figure. Tonight we wait a market moving earnings report out of Intel ( INTC ).

Financials: After gapping up huge this morning, Citigroup ( C ) is falling back to support in the low $4's. Bank of America ( BAC ) is now having trouble holding $11 while Financial Bull ( FAS ) is having trouble in the $9's.


Stock Market April 15, 2009 - Earnings

Peabody Energy BTU 4/15 8am .95EPS

Abbott Labs ABT 4/15 8am .70EPS

Infosys Technologies INFY 4/15 ?? .54EPS

Economic Data:

CPI , Core CPI at 8:30am
Empire Manufacturing at 8:30am
Industrial Production at 9:15am
Crude Oil Inventories at
Fed's Beige Book at 2pm

I will post my stocks to watch list later today, Right Here

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

For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free

Stock Market April 14, 2009 4/14/09

We are half way through the day on April 13, 2009. The Stock Market has been red all day partly due to profit taking from last week. Wall Street does not seem to like the General Motors ( GM ) bankruptcy news as it becomes more evident this will be the likely path. Shares of General Motors are trading at $1.70, down 16%. Shares of Ford ( F ) aren't budging today, flat at $4.24.

The financials are red hot for the 2nd straight day due to the Wells Fargo earnings news out last Thursday. For a brief moment today, shares of the Financial Bull 3x ( FAS ) ETF were worth more then shares of the Financial Bear 3x ( FAZ ). Since closing over the 50 day moving average, FAS has been on fire!

Watching: Agfeed Industries ( FEED ) - Huge breakout on heavy volume Monday. If you can recall, FEED reported outstanding earnings last quarter! I have my own personal price target of $5-$7 by 2010.

Stock Market April 14, 2009

Earnings Reports due out in the morning:

Goldman Sachs GS 4/14 8am 1.10EPS

Johnson & Johnson JNJ 4/14 8am 1.22EPS

W.W. Grainger GWW 4/14 8am 1.08EPS

Fastenal FAST 4/14 8am .34EPS

As the above earnings releases start to trickle in, we will then be hit with some economics data.

PPI, Core PPI at 8:30am
Retail Sales at 8:30am
Business Inventories at 10:00am

We then have a few earnings reports due out after the bell.

CSX Corp CSX 4/14 4pm .57EPS

Intel INTC 4/14 4pm .02EPS

I will post my stocks to watch list later today, Right Here

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

For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free

Stock Market 4/7/09 April 7, 2009 Wall Street

The stock market futures are lower this morning as we kick off earnings season tonight with Alcoa. Below are the things I am watching today:

Stock Market Report - 4/7/09

Toxic Assets: IMF Report reveals additional toxic assets losses could occur. This is the major reason we are down today. The IMF report comes one day after the Mike Mayo Report hit the markets yesterday. Below is a list of some of the most traded financials and how they are reacting to this news. Jim Cramer predicted the financials will be up today.

Bank Stocks - April 7 2009

Citigroup ( C ) - $2.60 Down 4.41%
Financial Bull ( FAS ) - $6.30 Down 6.11%
Bank of America ( BAC ) - $7.23 Down 3.34%
General Electric ( GE ) - $10.90 Down 2.59%
Wells Fargo ( WFC ) - $14.69 Down 3.67%
American International Group ( AIG ) - $1.06 Down 3.64%
Financial Bear ( FAZ ) - $17.69 Up 7.21%

Alcoa Earnings: Tonight, Alcoa ( AA ) will report 1st quarter earnings due out after 4pm. Alcoa is expected to report a loss of $0.10 for the quarter. This is another reason the stock market is lower this morning. Investors are very nervous about this report. You can see a full earnings schedule - Right Here. I try to sort out all the " junk " companies and list all the relative ones.

Stocks to Watch: Check out my Stock Report for today.

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

For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free

Stock Market 4/1/09 April 1, 2009 Wall Street

The stock market will start a new quarter on April 1st, 2009. Below are some of the key events I will be watching out for tomorrow.

Stock Market Report - 4/1/09

Celegene ( CELG ) - $39.45 Down 10.47% - Celgene warns on earnings after the bell on March 31st, 2009 - CELG warned Tuesday night that first-quarter and 2009 earnings will be lower than expected, sending shares sharply lower in after-hours trading.

G20 Meetings - I'm not looking for anything much to come out of the G20 summit tomorrow by you can bet there will be something discussed on the North Korea missile test.

North Korea Missile test - This is something to watch, the last thing we want right now is a war between Japan and North Korea. This could really sink the markets and cause oil prices to spike.

North Korea Threatens War Against Japan Over Missile
Tensions rise in Japan over North Korea rocket launch

Auto Sales - Auto Sales due from Ford ( F ), General Motors ( GM ), Chrysler LLC, and Toyota ( TM ) Wednesday afternoon. These sales will be ugly!!

Stocks to Buy - Check out my stocks to buy page for a list of stocks the I will be watching.

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

For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free

Stock Market Sell-Off March 25, 2009 3/25/09

The stock market is selling off this afternoon, 3/25/09, after positive economic data was released in the morning. We saw a better then expected Durable Goods number and better then expected Home Sales.

The Dow Jones was up 200 at one point but began selling off just after 1:30pm est. This was a rapid sell-off with heavy volume. I think this sell-off is due to a debt offering that failed in the UK. We also had a bad one here in the US. We have also been overbought, so investors are taking profits.

If you have been trading FAS and FAZ, it is important to note that FAS stopped going down right at the lower end of support - $6. If FAS closes below $6, I might just have to jump in FAZ stock.

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

For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free

Bank Stocks 3/20/09 March 20, 2009 - Citi

Today, 3/20/09, the bank stocks are mixed after Citigroup has made some management changes. Here are a list of financials and bank stocks that are very active in today's trading session. If you are looking to buy banking stocks, here are some ideas.

Banking Stock Prices - March 20, 2009

Citigroup ( C ) - $2.72 Up 4.62%

American International Group ( AIG ) - $1.47 Down 9.26%

Fannie Mae ( FNM ) - $0.88 Down 9.07%

Freddie Mac ( FRE ) - $0.90 Down 10.26%

HBSC ( HBC ) - $26.29 Down 5.77%

Bank of America ( BAC ) - $6.83 Down 1.44%

Wells Fargo ( WFC ) - $15.09 Down 2.09%

General Electric ( GE ) - $10.05 Down 0.79%

Financial Bull ( FAS ) - $5.75 Up 0.35%

Financial Bear ( FAZ ) - $31.04 Up 2.11%

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

For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free

Stock Market News March 17, 2009 3/17/09

The following is a summary of the top stock market news moving the market in today's trading action. I will highlight events that could potentially move the stock market in the next day or two and report things that I am watching.


Stock Market Report - 3.17.09

Building Permits: This morning we got building permits data that was a bit better then expected. Building permits, which are less volatile than the housing starts data, rose 3% in February to a 547,000 annual rate. Permits for single-family units rose 11% to a 373,000 rate, the largest percentage gain in 18 years. So this news was good news this morning.

Aloca ( AA ) - $5.56 Down 9.17% - Alcoa (NYSE:AA) announced today a series of operational and financial actions to significantly improve the Company’s cost structure and liquidity. The operational actions will reduce costs by more than $2.4 billion annually, reduce capital expenditures an additional $1.0 billion in 2010, and improve working capital by $800 million in 2009. The Company is reducing the quarterly common stock dividend from $0.17 to $0.03 per share, saving more than $400 million annually, and launching a public offering of common stock and convertible notes planned to yield proceeds of approximately $1.1 billion

Oil Prices - $48.38 - Oil going up toward resistance at $50.50 - If Oil starts trading above $50 for a few days, you could see a quick move toward $60. This would actually be good for the stock market as oil prices take the temperature of the economy.

Dow Jones 30 Leaders - Wal Mart ( WMT ), ExxonMobile ( XOM ), Home Depot ( HD ), Citigroup ( C ). XOM - Exxon Mobil to build tech center in Shanghai - HD - Home Depot up on the good housing data above.

General Electric ( GE ) - $9.77 Up 1.14% - GE Transportation Signs 47 Million Agreement with Trenitalia

Fed Meeting - Two day Fed meeting starts today, we will get a Fed statement out tomorrow afternoon at 2:15pm Est. This could be a market mover.

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

For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free

Stock Market 3/14/09 Dow Jones Report

The Stock Market was up big this week with financials leading the charge. The Dow Jones, Nasdaq, and S&P 500 were up four straight days starting on Tuesday. Check out my technical analysis for Monday. As you can see, we are approaching major resistance areas near the 50 day moving average.

Stock Market Report - March 14, 2009

Next week will be an interesting week as we see if these recent stock market gains can hold. Sunday night Ben Bernanke will kick things off with an appearance on 60 minutes. He will follow things up with a Fed meeting on 3/17 & 3/18.

General Motors ( GM ) - So GM stock rallied big this week going from about $1.55 to $2.85, closing at $2.72. General Motors told the Government they will not need the 2 billion in March as their cost cutting measures working. However, they will still need to huge loan to get by and it could be as much as 14.6 billion.

GM, struggling to avoid bankruptcy amid a global sales slump, has been surviving on the federal loan it won in late December. The administration's auto task force faces a March 31 deadline to decide whether to give GM and Chrysler additional loans.

GM News afterhours 3/13/09 - GM stock down 12% tonight as they try to get Europe to bail them out. GM, which is on the verge of bankruptcy and bailed out by the U.S. government, is seeking for a 3.3-billion-euro bailout for Opel, GM Europe's major part, from European governments while looking for buyers. Also, GM Recalls 277,000 Vehicles For Gear Problem.


TALF - What is Talf? Next week, the deadline for the first wave a TALF will close. The Fed announced it was extending TALF by two business days. This announcement extends the deadline for recording TALF loans until the close of business on March 19. The settlement/disbursement date remains March 25 for this first wave of TALF lending. The TALF seems to be the lone Government program that might actually work!


Stock Watch 3/16/09 - These stocks were hot on Friday, keep them on your stock watchlists for Monday.

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

For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free

Stock Market Report March 12 2009 3/12/09

The Dow Jones and Stock Market Futures are pointing to a lower open as world stock markets went lower overnight.

Stock Market Report 3/12/09

- On Thursday, revised figures showed that Japan's economy, the world's second largest, suffered its biggest contraction in 35 years in the fourth quarter. Gross domestic product shrank at 12.1 percent annual rate in the October-December period, less than the Cabinet Office's preliminary reading of a 12.7 percent contraction, but still confirming a serious recession.

- Roche ( ROG ) and Genentech ( DNA ) Reach a Friendly Agreement to Combine the Two Organizations and Create a Leader in Healthcare Innovation.
- Roche intends to acquire all outstanding shares of Genentech for $95.00 per share in cash

- Oil prices: Oil Prices are rising this morning after getting crushed yesterday. Oil is higher by .90 to $43.23 in early trading.

- Gold Prices: Gold prices are rising as well on March 12, 2009. Gold is back at the $917 level.

- Key Stock Movers: Financial Bear 3x ( FAZ ) stock is up 7% to $60 per share as the financials are indicated weaker today. Financial Bull ( FAS ) stock is down 6.37% to $3.76. Along with these two stocks, HSBC ( HBC ) is up 5% to $24.84 and Citigroup ( C ) is down 5.84% to $1.45

- 10 Day Moving Average: The stock market indexes appear like they will test their 10 day moving averages today. The 10 day moving average should offer some nice support and this is where i'd expect new buyers to be located. If we close two days under the 10 day, this rally could be in serious trouble. Today will be a big test!

- Mark to Market: Today there will be a Congressional Hearing on mark to market. This is just a hearing to gather facts, this rule will not be changed today.

- Bernie Madoff: Bernie Madoff just got dropped off in Manhattan courthouse which could be his last steps as a free man. Madoff is expected to plead guilty on a $50 billion stock market ponzi scheme. Some of the victims will be present and they will be making statements to him.

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 3/11/09 March 11, 2009

After a huge rally yesterday, stock market futures are pointing higher for pre market trading this morning. We are seeing a nice follow through after yesterday's gains.

Stock Market Report - March 11, 2009

All major stock market averages ended over the 10 day moving average yesterday. This is a technical breakout that could have legs. Keep in mind, it is just a bounce as all of these rallies have been. We won't know if 6500 was a stock market bottom until we go back and retest it. 95% of stock market bottoms are retested so i'd be selling into this rally. I can see the Dow going up to 7500-8000 and then failing.

Oil Prices 3/11/09 - I noticed yesterday that Nymex crude oil hit a high of around 47.90 and then started to roll over. Oil is now trading at $45 in pre market this morning. I'd be cautious buying oil on this dip. We are still stuck in this range between $35-$50 and right now we are near the higher end. I did notice T Boone Pickens call for oil prices to go to $60 before $40 but he has been wrong since Oil broke down in July. Also, there are around 60 million barrels of oil sitting around in tanker ships waiting to be unloaded in the $50's.

Gold Prices 3/11/09 - Gold is trading around $900 and is technically broken. There is a ton of supply that came from people pawning in their gold when it was near $1000. I think the gold trade was overextended and I will look to reload in the mid to low $800's. I have no doubt that Gold prices will again go and stay above $1000 eventually.

Stock Market March 11, 2009 - It looks like the bank stocks are hot once again, Bank of America ( BAC ) is above $5 in pre market. I would keep an eye on FAS, if you see that stock start to break down, the stock market will correct. Another stock to watch is GE. Here are a list of stocks that could perform well today. Here is a list of the Top 10 Stock Gainers of 2009. Enjoy!

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 3/6/09 March 6, 2009 Wall Street Report

Today, March 6, 2009, all eyes are on the employment report ( or in this case unemployment report ) that will be released at 8:30am est. Estimates are for the US to have lost 650,000 jobs in February 2009. The unemployment rate is thought to have spiked to 7.9% Anything less would rally the market, anything more could still rally the market but if its over 750,000 we might have some problems. I will list the jobs report data here when the numbers are released.

Jobs Report 3/6/09

Jobs Number - ( Loss of 651,000 )
Unemployment Rate - 8.1%
January Revision - ( was -598,000 Now -655,000 ) December Revision ( was - 577,000 Now -681,000 )

For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free

Stock Market 3/5/09 March 5, 2009 Wall Street Report

Today, 3/5/09, the stock market futures are indicated lower after the quick sell off at the close yesterday. This has happened during the the past 4 trading sessions. That final 15 minutes can be brutal. Oil prices are falling to around $44 as Gold prices are rising to $916. The following news is the reason the stock market will be down today.


Wall Street Report - 3/5/09

General Motors ( GM ) - GM auditors raise doubts on automaker's viability, GM auditors cite losses, lack of cash flow in raising doubts about its viability.

General Motors Corp.'s auditors have raised "substantial doubt" about the troubled automakers ability to continue operations. The company revealed the concerns, raised by the accounting firm Deloitte & Touche LLP, in its annual report filed on Thursday. Full Article

General Electric ( GE ) - Keith Sherin CFO was on CNBC this morning and said the selling due to the potential capital risk is overdone. " There are no triggers that would put sudden strain on cash position. "
- GE Capital will be profitable during the first quarter
- Only 2% of GE capital is subject to mark to market

General Electric shares have tanked over the past several weeks on fears of a rating downgrade. Yesterday, Bill Gross talked about what he thinks is going on.

Also, if GE stock would fall below $5, most Mutual Funds would be forced to sell due to the fact that they don't holds stocks under $5. You saw this happen to Citi and B of A stock.


Other factors causing today's stock market plunge are the bank stocks. BAC and HSBC are both significantly lower in pre market trading.

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 Report 3/4/09 Wall Street Watch

This afternoon, March 4, 2009, the stock market is getting a lift due to Chinese stimulus package which helped give Asian markets a bounce overnight. Oil is is jumping because of this news as well. Oil prices touched $45 briefly this morning but is now trading at $43.77 per barrel.

Stocks to Watch - 3/4/09


DryShips ( DRYS ) - Drys stock is soaring today on an oversold bounce and the fact that it is finally trading back over the 10 day moving average ( $3.53 ) for the first time since a few days after it topped out in the $17's. This is something to watch very closely! DRYS could be getting ready to make an up move but the stock remains extremely risky. From what I can tell, earnings might come out 3/5/09 after the close. DRYS is expected to report 0.71 cents per share in earnings.

Potash ( POT ) - Potash has really stuck out to me today! It made a daily high this morning at $81.49 and then dropped like a rock starting just after 11am est. Longs better hope the 73.49 low holds or a retest of $70 could be coming soon. After $70, $65 must hold. Today is the first time in many months where you saw strength in the stock market but weakness in POT. Mosaic ( MOS ) is up a bunch today so whoever sold big this morning knows something!!!!

Wells Fargo ( WFC ) - This to me is the most important event which actually just started happening about an hour ago. Wells Fargo ( WFC ) stock has been getting hammered....almost like a hedge fund is attacking it on the short side. This has caused the overall stock market to get weaker. Keep an eye on this stock! WFC hit a high of $11.32 this morning but is now trading just above $9. Is WFC the next shoe to drop?

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