Dow Jones Analysis 1/20/09 - Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 1/19/09, 1/20/09

Dow Jones Support & Resistance Levels - January 20, 2009

Resistance Levels: 8350, 8500, 8765
Support Levels: 8150, 8000, 7965

http://stockcharts.com - Chart

The Dow Jones bounced off 8000 again last week with heavy volume...this is a positive signal but we are still below the last major support level of 8500 and below both the 10 and 50 day moving averages. What is more concerning is that you can see the 10 day moving ( blue line ) average getting ready to dip below the 50 ( red line ) again. This set up is never what you want to see if you are taking long positions. For prices to move higher, you always want to see the 10 day above the 50 day. If the Dow Jones gets back to the 8500 level which is now resistance, traders will probably be starting to sell. For More Technical Analysis - Go Here

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Nasdaq Analysis 1/20/09 January 20, 2009

The following is Technical Analysis for the Nasdaq ( NAS ) for 1/19/09, 1/20/09

Nasdaq Support & Resistance Levels - January 20, 2009

Resistance Levels: 1534, 1568.41, 1600
Support Levels: 1500, 1456

http://stockcharts.com - Chart

After hitting a low of 1456, the Nasdaq is back over the key support level of 1500. While I remain bullish on the Nasdaq over 1500, it is trading below both key moving averages that I follow, the 10 and 50 day moving averages. As long as this is the case, traders are more inclined to sell when these levels are hit, rather then to hold long positions. The previous uptrend has been broken and it appears that a head and shoulders pattern is forming which would be a bearish set up. Next week I will be watching to see if we can close over both moving averages but if we would get back into the 1600's I will be buying QID

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Dow Jones Close 1/16/09 - Stock Market Closing Prices

Stock Market Closing Prices - 1/16/09

Dow Jones Industrial Average ( DJIA ) Close - 8281.22 Up 68.73
Nasdaq Stock Market Close - 1529.33 Up 17.49
S&P 500 Close - 850.09 Up 6.35
http://dowjonesclose.com

Libor Rates - 1/16/09

1 Month - 0.359%
3 Month - 1.143%

Commodities Closing Prices - 1/16/09

Gold - 842.50
Oil - 36.01
Natural Gas - 4.79

The Dow Jones Industrial Average closed at 8281 on 1/16/09, as the stock market rallied as Bank of America ( BAC ) and Citigroup ( C ) released horrible earnings but Intel ( INTC ) showed us that earnings might not be so bad for the 4th quarter. The Dow Jones opened up around 8300, dropped to 8100, and then bounced back into the 8300 area at the end of the day. Bill Gross came out in the afternoon and stated that the worst of the credit crisis as far as these banks' balance sheets go, could be over. This would be great news. Monday, the Stock Market will be closed followed by the Presidential Inauguration of Barack Obama on Tuesday. Stocks could rally because of this just like what happened leading up to the Election. I think 8500 could be difficult to get through however. I will have more technical analysis of the markets over the weekend, Right Here. Stock to Watch - Palm - continues to surge after the new product was released at the CES.

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Stock Market Hours 1/19/09 January 19, 2009

The Stock Market, which includes the Dow Jones, Nasdaq, S&P 500, and the Bond Market, will be closed on 1/19/09 for the Martin Luther King Jr. Day Holiday. The Stock Market will resume trading at 8am on January 20th, 2009. We know you love the Stock Market, so why not check out upcoming Earnings, Top 2009 Stock Gainers, or the Top 2009 Penny Stock Gainers.

Also, check out Technical Analysis of the Stock Market for Tuesday.

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Biggest Stock Gainers 1/16/09 - TRA AVII

Today, January 16, 2009, their are two stocks gainers that are exploding to the upside in the first hour of trading. Check out today's biggest gainers and the Top Stocks for 2009

January 16, 2009 - Stock Gainers

Terra Industries ( TRA ) - $20.52 Up 25.84% - Fertilizer maker CF bids $2.1 bln for rival Terra Industries

First Horizon National ( FHN ) - $8.80 Up 18% - First Horizon narrows fourth-quarter loss, FHN appears to be getting a dead cat bounce.

AVI Biopharma ( AVII ) - $1.40 Up 21.10% - AVII continues to surge higher on the Jan 12th news - AVI BioPharma and Collaborators Demonstrate In Vivo Effectiveness of PPMO-Based Splice Switching Oligomers (SSOs) in Genetic Disease Target

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Baltic Dry Index Shipping Rates - 1/16/09 BDI

The following is a report on Dry Bulk Shipping Rates for 1/16/09. 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 16, 2009

Baltic Dry Index ( BDI ) - 881 Down 27
Spot 4 - TC Average - 14380 Down 1006
Baltic Cape Index ( BCI ) - 1760 Down 90
Baltic Panamax Index ( BPI ) - 496 Down 6
Baltic Supramax Index ( BSI ) - 418 Up 5
Past Bulk Shipping Rates

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Dow Jones Futures 1/16/09 - Stock Market Futures

How will the Dow Jones and Stock Market Open on 1/16/09? Thanks to the Bank of America ( BAC ) and Citigroup ( C ) news, the stock market futures are surging higher!

Pre Market - Stock Market Futures January 16, 2009

Dow Jones Futures - Up 130
Nasdaq Futures - Up 16
S&P 500 Futures - Up 13.50

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1 and 3 Month Libor Rates - 1/16/09 - Today's Libor Rates

It seems as though everyone is watching Libor rates these days. Today's Libor Rates for 1/16/09, are: 1 Month Libor Rate - 0.359% & 3 Month Libor Rate - 1.143%. The overnight Libor rate is 0.136%. As you can see, Libor Rates have changed today, January 16, 2009. All three Libor Rates went up for the second straight day, something I haven't seen since November.
Here are Previous Libor rates. You can also compare Libor Rates to how the Dow Jones traded.

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Dow Jones Analysis 1/16/09 - Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 1/16/09

Dow Jones Support & Resistance Levels - January 16, 2009

Resistance Levels: 8350, 8500, 8765

Support Levels: 8150, 8000, 7965
http://stockcharts.com - Chart

The Dow Jones bounced 250 points off the support level of 8000 today. This is bullish action because it shows you where the buyers are located. Expect this to happen again if 800 is tested. Right now, there is some support at the 8150 level, a level we haven't closed below since November. On the upside, look for selling to hit the market when we get near 8500 and the 50 day moving average ( 8598 ). These will be major resistance levels.

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Nasdaq Analysis 1/16/09 January 16, 2009

The following is Technical Analysis for the Nasdaq ( NAS ) for 1/16/09

Nasdaq Support & Resistance Levels - January 16, 2009

Resistance Levels: 1551, 1600, 1665

Support Levels: 1500, 1450

http://stockcharts.com - Chart

The Nasdaq tested a major support level today of 1450, hit 1456, and bounced back over 1500. This is very bullish action believe it or not. 1500 now becomes support again and if it is closed below, 1450 will be tested once again. Resistance Levels: The Nasdaq will start to have trouble at or near the 50 day moving average which is currently located at 1539. If this level is broken look for the next resistance level to be at the 10 day moving average, or 1579. The volatility seems to be back so know your support and resistance levels!

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