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Potential Breakout Stocks of the Day:
Today's Biggest Gainers - Hot Stocks - GBTC
Top Stocks 2020 - TNA GBTC
Top Penny Stocks 2020 - AVP
Top Marijuana Stocks - GWPH

Stock Market Closing Report - 8/22/19 August 22, 2019

Wednesday, December 31, 2008

Dow Jones Close 12/31/08 - Stock Market Closing Prices

Stock Market Closing Prices - 12/31/08

Dow Jones Industrial Average ( DJIA ) Close - 8776.39 Up 108
Nasdaq Stock Market Close - 1577.03 Up 26.33
S&P 500 Close - 903.33 Up 12.69
http://www.dowjonesclose.com/

Libor Rates - 12/31/08

1 Month - 0.436%
3 Month - 1.425%

Commodities Closing Prices - 12/31/08

Gold - 881
Oil - 42.62
Natural Gas - 5.60

The Dow Jones Industrial Average closed at 8776 on 12/31/08, as the stock market closed out the year on a positive note but traded on very low volume. The Stock Market will be open a full day on 1/2/09 and I expect to see low volume once again. Next week the real action will come back and could set the tone for January. Oil exploded to the upside today on short covering hitting $45 a barrel at one point. One of the biggest gainers today that wasn't a micro cap was Dryships ( DRYS ). Drys exploded this morning and then traded in a tight range between $11-$11.30 this afternoon. At the end of the day Drys broke through $11 support. This will be a stock to watch next week.

Today's Biggest Stock Market Gainers
Top 2008 Stock Gainers

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Dryships DRYS Analysis - 12/31/08 - December 31, 2008

Today, 12/31/08, Dryships DRYS stock is breaking out with heavy volume this morning. If you are long this stock, the key levels to look at are $12.10 and $13.76. These are the two highs on the last run up.

As for this afternoon, DRYS is hitting strong resistance in the $11's where there is heavy selling around the $11.37 area. If Drys can break $11.37 it sets up a potential afternoon run. A break back below $11 at any point today would be viewed as bearish but a sell off could set up for a gap up in price on Friday 1/02/09.

The key point with Drys is it has traded back above the 10 and 50 day moving averages which if this holds up would be a bullish buy signal. for now, i'm watching $11 and $11.37

The Baltic Dry Index is closed for the holidays and I believe it reopens 1/2/09. I will have the latest data posted here on my blog.

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1 and 3 Month Libor Rates - 12/31/08 - Today's Libor Rates

It seems as though everyone is watching Libor rates these days. Today's Libor Rates for 12/31/08, are: 1 Month Libor Rate - .436% & 3 Month Libor Rate - 1.425%. The overnight Libor rate is .135%. As you can see, Libor Rates have changed today, December 31, 2008. All three Libor rates have gone down today which is a great sign for the equity market.

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

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Tuesday, December 30, 2008

Dow Jones Analysis 12/31/08 - Stock Market


The following is Technical Analysis for the Dow Jones ( DJIA ) for 12/31/08


Dow Jones Support & Resistance Levels - December 31, 2008


Resistance Levels: 8800, 9000, 9250

Support Levels: 8500, 8350
http://stockcharts.com - Chart


The Dow Jones closed over both the 10 and 50 day moving averages...a very bullish indicator. Although it has been on low volume, this is very positive action. This makes both 8500 and 8350 very solid support levels. The next key resistance level is 8800 and then 9000.
Lets wait and see what happens next week as we get the volume back as well as the employment report on Friday.


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Dow Jones Close 12/30/08 - Stock Market Closing Prices

Stock Market Closing Prices - 12/30/08

Dow Jones Industrial Average ( DJIA ) Close - 8668.39 Up 184.46
Nasdaq Stock Market Close - 1550.70 Up 40.38
S&P 500 Close - 890.60 Up 21.18

Libor Rates - 12/30/08

1 Month - 0.448%
3 Month - 1.435%

Commodities Closing Prices - 12/30/08

Gold - 874
Oil - 39.25
Natural Gas - 5.84

The Dow Jones Industrial Average closed at 8668 on 12/30/08, as the stock market went up today on news that GMAC, General Motors ( GM ) financial arm, received a 5 billion dollar TARP bailout. The Dow Jones has been hitting key resistance of 8600 all day and broke through it during the final hour. This was pretty much the market mover today as stocks moved higher on low volume once again. There were several hot stocks today! Northfield Labs ( NFLD ) was a hugge stock gainer today as this stock went up 120%. Other large gainers were Renesola ( SOL ), National Financial Partners ( NFP ), and Jones Apparel ( JNY ). These stocks should keep you busy tomorrow, the last day of the year. Look for volume to come back to the stock market on Monday.

Todays Biggest Stock Market Gainers

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Stock Alert 12/30/08 - NFP National Financial Partners

This afternoon, December 30th, 2008, I am noticing National Financial Partners ( NFP ) stock breaking out to the upside. This stock has been inching up all day and finally the volume is hitting around 1:25pm. NFP stock went from 2.50 to 2.90 in about 5 minutes.

National Financial Partners ( NFP ) is back where it started the day yesterday so I guess you can make the case it is NOT breaking out. This is a beaten down financial stock which has resistance around the $3 level so I will continue to monitor this one.

Today's Biggest Gainers - December 30th, 2008

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News - Today

Biggest Stock Gainers 12/30/08 NFLD, GM

Today, 12/30/08, we have a few big stock gainers in the market.

Top Stocks December 30, 2008

Northfield Labs ( NFLD ) - $0.99 up 72% - Northfield Laboratories Inc. (NFLD) announced today that the U.S. Food and Drug Administration (FDA) has accepted for filing its Biologics License Application (BLA) for PolyHeme(R), the Company's investigative human hemoglobin-based red cell substitute for the treatment of life-threatening red blood cell loss when an oxygen-carrying fluid is required and red blood cells are not available. In addition, FDA has designated the submission for Priority Review, with a review goal date of April 30, 2009.

General Motors ( GM ) - $3.87 up 7.7% - GM's financial arm GMAC received 5 billion in a Tarp bailout.

Today's Biggest Gainers - December 30th, 2008

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1 and 3 Month Libor Rates - 12/30/08 - Today's Libor Rates

It seems as though everyone is watching Libor rates these days. Today's Libor Rates for 12/30/08, are: 1 Month Libor Rate - .448% & 3 Month Libor Rate - 1.435%. The overnight Libor rate is .139%. As you can see, Libor Rates have changed today, December 30, 2008. All three Libor rates have gone down today which is a great sign for the equity market.

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

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Dow Jones Futures 12/30/08 - Stock Market

This morning, 12/30/08, the Dow Jones and Stock Market Futures are up nicely as GMAC has received a 5 billion Tarp bailout for preferred shares that pay an 8% dividend. GMAC is the ailing financial arm of General Motors ( GM ). This is great news but we still won't have volume hitting the market until next week. Oil is back below $40 today, trading at $39.11

Stock Market Futures - Pre Market - December 30, 2008

Dow Jones Futures - Up 72
Nasdaq Futures - Up 9
S&P 500 Futures - Up 9

Today's Biggest Gainers

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Monday, December 29, 2008

Dow Jones Analysis 12/30/08 - Stock Market


The following is Technical Analysis for the Dow Jones ( DJIA ) for 12/30/08


Dow Jones Support & Resistance Levels - December 30, 2008


Resistance Levels: 8500, 8600

Support Levels: 8300, 8150
http://stockcharts.com - Chart


The Dow Jones closed below 8500 once again on low volume. 8600 seems to be the resistance level lately and if we close above this level I think we could once again test 9000.Support has been around 8300-8350 lately and this must hold or the Dow will go down to test the key support level of 8150.As soon as the Dow gets back above the 10 and 50 day moving averages all will be well again.


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Dow Jones Close 12/29/08 - Stock Market Closing Prices

Stock Market Closing Prices - 12/29/08

Dow Jones Industrial Average ( DJIA ) Close - 8483.93 Down 31.62
Nasdaq Stock Market Close - 1510.32 Down 19.92
S&P 500 Close - 869.38 Down 3.42
http://dowjonesclose.com

Libor Rates - 12/29/08

1 Month - 0.461%
3 Month - 1.459%

Commodities Closing Prices - 12/29/08

Gold - 877.40
Oil - 40.01
Natural Gas - 6.14

The Dow Jones Industrial Average closed at 8484 on 12/29/08, as the stock market fell on very low volume today but managed to rise going into the close. The Dow Jones started out the day to the upside but shortly fell into negative territory after the open. Oil and Natural Gas rose due to the violence around the Gaza Strip. One of the laggards on the Nasdaq was Research in Motion ( RIMM ) as this stock fell below $40 on fears that Wal Mart selling the iPhone would hurt sales of the Blackberry. This is something worth watching as there has been some talk that Microsoft ( MSFT ) might try to buy RIMM at some point in 2009. That is pretty much all that happened today as this will be another boring week. Next week the volume comes back along with a Jobs report due out 1/9/08

Today's Biggest Stock Market Gainers - KKR Financial ( KFN ) was a huge gainer for the second straight day and General Moly ( GMO ) was a late day riser.
Top 2008 Stocks

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Allied Capital ALD Stock Pop 12/29/08

Allied Capital ALD Stock just shot up from $2.60 to hit $3.34 at 10am on 12/29/08 with big volume. I don't see any news but that was a 20-30% move in a matter of minutes!

Hot Stocks to Watch 12/29/09 - KKR, NG

There are a number of new stocks that are showing nice gains this morning but are trading on light volume. This is how the overall stock market will be this week...choppy with light volume.

Hot Stocks to Watch - December 29, 2008

Jupitermedia JUPM - $.81 up 93%
KKR Financial KKR - $1.40 up 40% ...adding to gains on Friday
Verenium Corp VRNM - $1.22 Up 77.56%
Novagold Resources NG - $1.57 up 18%

Most of these stocks are just seeing a bounce because they have been killed this year....I try to trade them where I can but I usually only trade them if there is volume involved.

Today's Biggest Gainers - December 29th, 2008

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Biggest Stock Gainers 12/29/08 - DXO, LINN, GSS

Today, 12/29/08, we have some big stock gainers hitting in pre market trading.

December 29, 2008 - Break Out Stocks

DXO is the Oil double long ETF which is spiking this morning as Oil prices rise due to the violence in the Gaza Strip. DXO is up 15% to $2.30 in pre market trading.

United States Oil Fund - USO - The USO is up with oil this morning - $30.70 up 5.5%

Linn Energy - LINN - Barron's reporting that Linn's dividend is safe - $13.90 Up 16%

Golden Star Resources - GSS - This stock has been hot over the past few weeks because of Gold. $.95 up 8%

Today's Biggest Gainers - December 29th, 2008

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1 and 3 Month Libor Rates - 12/29/08 - Today's Libor Rates

It seems as though everyone is watching Libor rates these days. Today's Libor Rates for 12/29/08, are: 1 Month Libor Rate - .461% & 3 Month Libor Rate - 1.459%. The overnight Libor rate is .138%. As you can see, Libor Rates have changed today, December 29, 2008. All three Libor rates have gone down today which is a great sign for the equity market.

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

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Sunday, December 28, 2008

Dow Jones Futures 12/29/08 - Nikkei Open

How will the stock market open on 12/29/08? The Dow Jones Futures are set to open higher on Monday, December 29th - 2008. The Dow Futures were down 100 at one point last night.

Stock Market Futures - 12/29/08 - Update 7:00am

Dow Jones Futures - Up 36
Nasdaq Futures - Up 6
S&P 500 Futures Up 3

Nikkei Close - 8747 Up 8

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Dow Jones Analysis 12/29/08 - Stock Market


The following is Technical Analysis for the Dow Jones ( DJIA ) for 12/28/08 , 12/29/08


Dow Jones Support & Resistance Levels - December 29, 2008


Resistance Levels: 8600, 8675, 9000
Support Levels: 8500, 8300, 8150
http://stockcharts.com - Chart


The Dow Jones closed back over key support of 8500 on Friday so I am currently bullish. As I have been saying lately, 8500 is the key area right now that you want to be watching.
I am very cautious however as the Dow appears to be starting to break down again. The Dow formed a double top at 9000 and has since broke back below the 10 day and 50 day moving averages.
Key support levels after 8500 would be 8300 and 8150


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Nasdaq Analysis 12/29/08 December 29, 2008


The following is Technical Analysis for the Nasdaq ( NAS ) for 12/28/08, 12/29/08


Nasdaq Support & Resistance Levels - December 29, 2008


Resistance Levels: 1545, 1560
Support Levels: 1500, 1450

http://stockcharts.com - Chart

The Nasdaq continues to trade above the key support level of 1500 which is bullish. However, proceed with caution as the Nasdaq is once again trending below both the 10 day and 50 day moving averages.
This coming week will be a light volume one so i'm waiting for the volume to come back to see which direction we are going next.
The Nasdaq has resistance at 1545 and 1560 while support is 1500 and 1450.


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Friday, December 26, 2008

Dow Jones Close 12/26/08 - Stock Market

Stock Market Closing Prices - 12/26/08

Dow Jones Industrial Average ( DJIA ) Close - 8515.55 Up 47.07
Nasdaq Stock Market Close - 1530.24 Up 5.34
S&P 500 Close - 872.75 Up 4.60

Commodities Closing Prices - 12/26/08

Gold - 870.60
Oil - 37.75
Natural Gas - 5.87

The Dow Jones Industrial Average closed at 8515.55 on 12/26/08, as the stock market traded on very light volume today. This is likely to be the pattern until the start of 2009. Oil was the only thing exciting today. Oil hit a new low but then bounced off those lows to close up for the day. All of Wednesdays losses have been recouped.

Todays Biggest Stock Market Gainers

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Dow Jones Futures 12/26/08 - Stock Market

The Dow Jones and Stock Market Futures are mixed this morning, 12/26/08, one day after Christmas. The big story this week was the rapid fall in oil prices. Oil is getting a rebound today to around $36 after free falling Wednesday afternoon after the stock market closed at 1pm. The Stock Market operates on a regular schedule today and will close at 4pm.

Pre Market - Stock Market Futures December 26, 2008

Dow Jones Futures - Up 6.50
Nasdaq Futures - Down 1.5
S&P 500 Futures - Up 4

Today's Biggest Gainers

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Wednesday, December 24, 2008

Dow Jones Close 12/24/08 - Stock Market

Stock Market Closing Prices - 12/24/08

Dow Jones Industrial Average ( DJIA ) Close - 8468.48 Up 48.99
Nasdaq Stock Market Close - 1524.90 Up 3.36
S&P 500 Close - 868.10 Up 4.94
http://dowjonesclose.com

Libor Rates - 12/24/08

1 Month - .471%
3 Month - 1.68%

Commodities Closing Prices - 12/24/08

Gold - 849
Oil - 37.79
Natural Gas - 5.78

The Dow Jones Industrial Average closed at 8468.48 on 12/24/08, as the went up on very light volume today in a holiday shortened session. Nothing really exciting happened today except Oil fell yet again. The USO is now trading below $30. The Stock Market will be open a full day Friday, December 26, 2008

Todays Biggest Stock Market Gainers

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Dow Jones Futures 12/24/08 - Stock Market

This morning, 12/24/08, the Dow Jones and Stock Market Futures are pointing slightly higher as the stock market will close early for Christmas Eve.

Stock Market Holiday Hours Schedule:

Christmas Eve 12/24/08 - Market closes at 1pm
Christmas 12/25/08 - Market closed
Day After Christmas 12/26/08 - Normal trading hours

Stock Market Futures - December 24, 2008

Dow Jones Futures - Up 24
Nasdaq Futures - Up 2
S&P 500 Futures - Up 1

Today's Biggest Gainers

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1 and 3 Month Libor Rates - 12/24/08 - Today's Libor Rates

It seems as though everyone is watching Libor rates these days. Today's Libor Rates for 12/24/08, are: 1 Month Libor Rate - .471% & 3 Month Libor Rate - 1.468%. The overnight Libor rate is .148%. As you can see, Libor Rates have changed today, December 24, 2008. Overnight Libor ticked up as did 90 day Libor. The 30 day Libor Rate stayed the same.
Here are Previous Libor rates. You can also compare Libor Rates to how the Dow Jones traded.

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Tuesday, December 23, 2008

Dow Jones Analysis 12/24/08 - Stock Market


The following is Technical Analysis for the Dow Jones ( DJIA ) for 12/24/08


Dow Jones Support & Resistance Levels - December 24, 2008


Resistance Levels: 8500, 8675, 8700

Support Levels: 8300, 8150
http://stockcharts.com/ - Chart


The Dow Jones closed below key support level of 8500 today for the first time in over two weeks....this is something worth watching. The volume has been very light but it is still a bearish signal. The next support level is 8300 and 8500 now becomes resistance. I am now being cautious until we close back over 8500.


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Dow Jones Close 12/23/08 - Stock Market

Stock Market Closing Prices - 12/23/08

Dow Jones Industrial Average ( DJIA ) Close - 8419.49 Down 99.08
Nasdaq Stock Market Close - 1521.54 Down 10.81
S&P 500 Close - 863.18 Down 8.45
http://dowjonesclose.com

Libor Rates - 12/23/08

1 Month - 0.471%
3 Month - 1.466%

Commodities Closing Prices - 12/23/08

Gold - 841
Oil - 39.06
Natural Gas - 5.75

The Dow Jones Industrial Average closed at 8419 on 12/23/08, as the stock market was weak for the second day during this holiday shortened week. The Dow Jones was up as much as 60 points in early traded but when afternoon hit, the Dow Jones dipped below 8500 for the second straight day. As expected, the volume has been VERY light and a small bit of selling can really hit the market hard. Tomorrow that Stock Market is open a full day and I expect there to be even lighter volume then today. I will have full technical analysis of the market Right Here

Today's Biggest Stock Market Gainers

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Dry Bulk Shipping Rates Report - 12/23/08 DRYS

The following is a report on Dry Bulk Shipping Rates for 12/23/08. 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.

Dry Bulk Shipping Rates - December 23rd, 2008

Baltic Dry Index ( BDI ) - 784 Down 17
Baltic Cape Index ( BCI ) - 1345 Down 28
Baltic Panamax Index ( BPI ) - 571 Up 12
Baltic Supramax Index ( BSI ) - 430 Down 12
Past Bulk Shipping Rates

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Biggest Stock Gainers 12/23/08 - EPIX, VIAP

Today, 12/23/08, there are some big stock gainers hitting the Stock Market.

Epix Pharmaceuticals EPIX - This was the ultimate break out stock yesterday on FDA approval news in the last hour of trading. EPIX is trading at $1.54 in pre market, up 28%.

Via Pharmaceuticals VIAP - This company just came out with news regarding a pact with Roche. VIAP is trading at $.35 with light volume, up 159%

Nortel Networks NT - NT is trading at $.30 up 20%.

Dryships DRYS - Drys is weak this morning, can't find any news but is trading at $9.22 down 7.3%

Today's Biggest Gainers - December 23, 2008

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1 and 3 Month Libor Rates - 12/23/08 - Today's Libor Rates

It seems as though everyone is watching Libor rates these days. Today's Libor Rates for 12/23/08, are: 1 Month Libor Rate - .471% & 3 Month Libor Rate - 1.466%. The overnight Libor rate is .118%. As you can see, Libor Rates have changed today, December 23, 2008. Overnight Libor ticked up as did 30 day Libor. The 90 day Libor Rate stayed the same. Here are Previous Libor rates. You can also compare Libor Rates to how the Dow Jones traded.

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Dow Jones Futures 12/23/08 Stock Market

The Dow Jones and Stock Market Futures are up nicely this morning, 12/23/08. We are in a Holiday shortened week for the stock market in which we will be closed December 25th and close early December 24th at 1pm. By far, the biggest gainer today will be EPIX which exploded going into the close yesterday. This tiny biotech received FDA approval.

Stock Market Futures December 22, 2008

Dow Jones Futures - Up 79
Nasdaq Futures - Up 7
S&P 500 Futures - Up 5

Today's Biggest Gainers

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Monday, December 22, 2008

Dow Jones Analysis 12/23/08 - Stock Market


The following is Technical Analysis for the Dow Jones ( DJIA ) for 12/23/08


Dow Jones Support & Resistance Levels - December 23, 2008


Resistance Levels: 8675, 8700

Support Levels: 8500, 8150



The Dow Jones closed over 8500 after trading most of the afternoon below this level. As you know, 8500 has been a big battle ground over the past few months and offers a nice support level. 9000 could not be closed above and the Dow Jones is now selling well below both the 10 and 50 day moving averages. The Next support level to watch if 8500 is closed below is 8300 and the key support level of 8150 which has held countless times. As long as the Dow closes above 8500, I remain bullish.


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Nasdaq Analysis 12/23/08 - December 23, 2008


The following is Technical Analysis for the Nasdaq ( NAS ) for 12/23/08


Nasdaq Support & Resistance Levels - December 23, 2008


Resistance Levels: 1545, 1575

Support Levels: 1500, 1450
http://stockcharts.com - Chart


The Nasdaq was very weak today and tested the key support of 1500 but there was buying near the close. This is a level worth watching. If 1500 is closed below, the next support level would be 1450. Today was the first time the Nasdaq broke well below the 10 day moving average since the election high of 1785 was made. Resistance is now at the 10 day moving average which is located around 1548. I am still bullish on the Nasdaq as long as we stay above 1500. A close above 1600 would cure all of this!


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Dow Jones Close 12/22/08 - Stock Market Closing Prices

Stock Market Closing Prices - 12/22/08

Dow Jones Industrial Average ( DJIA ) Close - 8519.69 Down 59
Nasdaq Stock Market Close - 1532.35 Down 31.97
S&P 500 Close - 871.53 Down 16.35

Libor Rates - 12/22/08

1 Month - 0.461%
3 Month - 1.466%

Commodities Closing Prices - 12/22/08

Gold - 848
Oil - 39.89 ( New Contract Month )
Natural Gas - 5.35

The Dow Jones Industrial Average closed at 8520 on 12/22/08, as the stock market was weak all day kicking off the first day of the holiday trading season. For the next two weeks, volume will be very light and the market could become volatile both ways. The Dow Jones managed to close back above the key support level of 8500 after dipping below this level during the afternoon. Financials such as Citigroup ( C ) and Goldman Sachs ( GS ) were very weak. Apple ( AAPL ) and Google ( GOOG ) led the Nasdaq down today. I will have technical analysis of the stock market tonight, Right Here.

Today's Biggest Stock Market Gainers - GSS was strong all day, and EPIX broke out in the last hour today on FDA approval news.

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Dry Bulk Shipping Rates Report - 12/22/08 DRYS

The following is a report on Dry Bulk Shipping Rates for 12/22/08. 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.

Dry Bulk Shipping Rates - December 22nd, 2008

Baltic Dry Index ( BDI ) - 801 Down 17
Baltic Cape Index ( BCI ) - 1373 Down 50
Baltic Panamax Index ( BPI ) - 583 Up 8
Baltic Supramax Index ( BSI ) - 442 Down 12
Past Bulk Shipping Rates

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Biggest Gainers 12/22/08 NVD, QI Stocks

Today, 12/22/08, there are several big stock gainers so far in pre market trading. It seems like penny stocks are the biggest gainers now as we go into 2009. These stocks can go up big but also go down just as big, so use caution if you are trading these stocks. I usually don't touch these stocks but I did trade DVAX last week.

Pre Market Stock Gainers - December 22, 2008

Novadel Pharmaceuticals NVD - $0.90 up 178% - No News
Qimonda QI - $0.60 up 101% - No News
Golden Star Resources GSS - $0.60 up 30% - No News

Today's Biggest Gainers in the Stock Market

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Dow Jones Futures 12/22/08 Stock Market

The Dow Jones and Stock Market Futures are flat to slightly higher this morning, 12/22/08. Today is the start of a Holiday shortened week for the stock market in which we will be closed December 25th and close early December 24th at 1pm.

Stock Market Futures December 22, 2008

Dow Jones Futures - Up 23
Nasdaq Futures - Up 1
S&P 500 Futures - Up 1

Today's Biggest Gainers

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1 and 3 Month Libor Rates - 12/22/08 - Today's Libor Rates

It seems as though everyone is watching Libor rates these days. Today's Libor Rates for 12/22/08, are: 1 Month Libor Rate - .461% & 3 Month Libor Rate - 1.466%. The overnight Libor rate is .114%. As you can see, Libor Rates have changed today, December 22, 2008.
All three Libor Rates went down today.
Here are Previous Libor rates. You can also compare Libor Rates to how the Dow Jones traded.

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Saturday, December 20, 2008

Dow Jones Analysis 12/22/08 - Stock Market


The following is Technical Analysis for the Dow Jones ( DJIA ) for 12/21/08, 12/22/08


Dow Jones Support & Resistance Levels - December 22, 2008


Resistance Levels: 8700, 8935, 9000
Support Levels: 8500, 8300, 8150, 8000



The Dow Jones is starting to look weak and has formed a double top at 9000. At this point, a close above 9000 would be huge and could take the Dow up to test the election high of 9653.
Although the Dow Jones has closed below both 10 & 50 day moving averages for the second straight day, I am still bullish on the Dow as long as it closes over 8500 which has been a key support level. A close below 8500 would start a break down and would flash a sell signal in my book. 8300 would be your next level of support as well as 8150. The 8150 level has been virtually bullet proof over the past month so this is where i'd look to buy.


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Nasdaq Analysis 12/22/08 December 22, 2008


The following is Technical Analysis for the Nasdaq ( NAS ) for 12/21/08, 12/22/08


Nasdaq Support & Resistance Levels - December 22, 2008


Resistance Levels: 1590, 1600

Support Levels: 1557, 1535, 1500




The Nasdaq continues to hit resistance just below 1600 and sells off back to the 10 day moving average...this has been the trend over the past two weeks. A close over 1600 would be a breakout and the Nasdaq could then test the next resistance of 1675-1700.

Support: The Nasdaq has support at around 1557 and 1535, after that you have key support of 1500. As long as the Nasdaq stays over 1500, I am bullish.


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Friday, December 19, 2008

Dow Jones Close 12/19/08 - Stock Market

Stock Market Closing Prices - 12/19/08

Dow Jones Industrial Average ( DJIA ) Close - 8579.11 Down 25.80
Nasdaq Stock Market Close - 1564.32 Up 11.95
S&P 500 Close - 887.39 Up 2.11
http://dowjonesclose.com

Libor Rates - 12/19/08

1 Month - 0.474%
3 Month - 1.498%

Commodities Closing Prices - 12/19/08

Gold - 839
Oil - 33.87
Natural Gas - 5.33

The Dow Jones Industrial Average closed at 8579 on 12/19/08, as the stock market fell in the final hour again today after going up in the morning on the auto bailout news. The Dow Jones hit a high of 8787 this morning and by the close it tested 8500. Oil traded below $34. Research in Motion ( RIMM ) and Oracle ( ORCL ) both soared after releasing earnings Thursday night. We are still above 8500 on the Dow Jones and 1500 on the Nasdaq so I continue to be bullish. I will have more technical analysis this weekend, Right Here.

Todays Biggest Stock Market Gainers

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Dry Bulk Shipping Rates Report - 12/19/08 DRYS

The following is a report on Dry Bulk Shipping Rates for 12/19/08. 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.

Dry Bulk Shipping Rates - December 19th, 2008

Baltic Dry Index ( BDI ) - 818 Down 11
Baltic Cape Index ( BCI ) - 1423 Down 53
Baltic Panamax Index ( BPI ) - 575 Up 32
Baltic Supramax Index ( BSI ) - 454 Down 10
Past Bulk Shipping Rates

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General Motors GM Ford F Bailout 12/19/08

General Motors ( GM ) and Ford ( F ) and Chrysler LLC have been bailed out today, 12/19/08, and both stocks are higher on the trading session. Below are some of the details of the auto bailout. Ford does not need the cash but they are still a huge part of this bail out program.

  • 13.4 Billion Dollar Short Term Financing from TARP
  • Must Reverse Debt by 2/3 through Debt to Equity Swap
  • No Car Czar
  • No New Dividends while Owing Government
  • Government will be able to Block Large Transactions
  • 4 Billion will come in Feb.
  • New Presidential Administration can change Terms of the Deal

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President Bush to Speak 9am 12/19/08 GM F

President bush will make a statement about the Auto Bailout Plan at 9:00am 12/19/08. General Motors ( GM ) and Ford ( F ) are both moving up on this news as well as the stock market futures.

Dow Jones Futures 12/19/08 Stock Market

The Dow Jones and Stock Market Futures are slightly higher this morning, 12/19/08, as we got good earnings out of Oracle ( ORCL ) and Research in Motion ( RIMM ) last evening. The big story today is Oil prices hitting $34 per barrel this morning.

Stock Market Futures - December 19, 2008

Dow Jones Futures - Up 16
Nasdaq Futures - Up 2
S&P 500 Futures Up 1

Today's Biggest Gainers - December 19th, 2008

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1 and 3 Month Libor Rates - 12/19/08 - Today's Libor Rates

It seems as though everyone is watching Libor rates these days. Today's Libor Rates for 12/19/08, are: 1 Month Libor Rate - .474% & 3 Month Libor Rate - 1.498%. The overnight Libor rate is .11%. As you can see, Libor Rates have changed today, December 19, 2008. All three Libor Rates went down today.

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

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Thursday, December 18, 2008

Dow Jones Analysis 12/19/08 - Stock Market


The following is Technical Analysis for the Dow Jones ( DJIA ) for 12/19/08

Dow Jones Support & Resistance Levels - December 19, 2008

Resistance Levels: 8700, 8935, 9000

Support Levels: 8500, 8300, 8150, 8000

http://stockcharts.com - Chart


The Dow Jones is starting to look toppy here as it failed to break through 9000 again today. As you know, I love the Dow over 8500 and this has been a major support level on a closing basis for the last two weeks. If the Dow Jones closes below 8500 I will be concerned.
Resistance is now at the lower 8700 area where both the 10 day and 50 day moving averages are located. I have a feeling given today's sell off, traders will be selling at the 8700 level. Closing above 8725 would bring you resistance at 8935-9000 again.
Support - 8500 and 8300 must both hold or the Dow will start to roll back over and retest the solid 8150 support level.


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Nasdaq Analysis 12/19/08 December 19, 2008


The following is Technical Analysis for the Nasdaq ( NAS ) for 12/19/08

Nasdaq Support & Resistance Levels - December 19, 2008

Resistance Levels: 1580, 1600
Support Levels: 1535, 1500

http://stockcharts.com - Chart

The Nasdaq failed again today at 1600..hitting a high of 1592 and then selling off late in the day back to the 10 day moving average. 1600 is starting to be a problematic area but as long as we remain above 1500 I am bullish. The Nasdaq has yet to close above the 50 day moving average like the Dow Jones has, and if this would happen it would bring technical buying into the Nasdaq Market. This could put us over the 1600 level. Volatility is dying down going into the end of the year.

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Dow Jones Close 12/18/08 - Stock Market Closing Prices

Stock Market Closing Prices - 12/18/08

Dow Jones Industrial Average ( DJIA ) Close - 8604.99 Down 219.91
Nasdaq Stock Market Close - 1552.37 Down 26.94
S&P 500 Close - 885.31 Down 19.11
http://dowjonesclose.com

Libor Rates - 12/18/08

1 Month - 0.508%
3 Month - 1.525%

Commodities Closing Prices - 12/18/08

Gold - 853
Oil - 36.81
Natural Gas - 5.55

The Dow Jones Industrial Average closed at 8604 on 12/18/08, as Exxon Mobile ( XOM ), a key Dow component, took a nose dive due to Oil hitting $36 a barrel. Adding to the weakness, Standard and Poors downgraded GE credit to negative but still left them with a triple A rating. The Stock Market immediately traded down after this credit rating news. In the final hour, there was massive dumping of stocks, sellers were hitting the bids on most stocks hard. We now have the Dow Jones below the both moving averages but as long as the Dow holds 8500 on a closing basis, I am still bullish. For the Nasdaq, I love it above 1500. At the end of the day, Alan Greenspan came out with comments on the banking system. In March of 2007, he came out and warned of a recession in 2008 and people trashed him. I will have technical analysis of the markets tonight, Right Here

Todays Biggest Stock Market Gainers DVAX still has some life in it. In the final hour, it ran from $1.25 to $1.70. Nice move in a down market!

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Alan Greenspan comments 12/18/08 December 18

Alan Greenspan has come out with some comments today, 12/18/08, on the housing market, banking system, and the stock market

Greenspan says the Banking System needs an additional 250 billion in capital. The Tarp program is working so far but it is not enough.

Alan Greenspan thinks the stock market can recover 6-12 months from today, December 18, 2008.

Greenspan also thinks the housing market can bottom or start to recover by mid 2009.


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General Motors GM & Ford F 12/18/08 Stock Report

General Motors ( GM ) and Ford ( F ) stocks just took a nose dive at 11:55am this morning, 12/18/08. General Motors just hit a low of $3.52 and Ford hit a low of $2.81. I'm sure this has something to do with the bailout plan but I can't find any news. This is something to watch. The Dow Jones and Stock Market's do not seem to be effected by these drops.

Stay Tuned......


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Citigroup C Analysis 12/18/08 December 18, 2008


The following is technical analysis of Citigroup ( C ) for 12/18/08. You can see the chart of Citigroup C HERE.


Citigroup ( C ) Analysis: December 18th, 2008


Citigroup ( C ) is starting to have trouble breaking up through the mid $8's after topping out at $9 last week. Citi has support at $7 and this is where i'd put a stop order, any close below this and I think it could retest $6. The next few weeks will be critical for this stock.


Resistance $8.50, Support $7


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Dry Bulk Shipping Rates Report - 12/18/08 DRYS

The following is a report on Dry Bulk Shipping Rates for 12/18/08. 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.

Dry Bulk Shipping Rates - December 18th, 2008

Baltic Dry Index ( BDI ) - 829 Down 7
Baltic Cape Index ( BCI ) - 1476 Down 79
Baltic Panamax Index ( BPI ) - 543 Up 29
Baltic Supramax Index ( BSI ) - 464 Down 12
Past Bulk Shipping Rates

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Dow Jones Open 12/18/08 - Stock Market

The Dow Jones and Stock Market's are opening up slightly higher 12/18/08 on low volume. Oil is breaking down below $38 per barrel. Apple ( AAPL ) computer is rebounding a bit. Look for a rally if $91.10 is broken. Research in Motion closed above $40 yesterday but has fallen below $39 this morning as we await earnings. I was stopped out at $40 this morning so I am officially back out of this position but still own my Apple. Bought some USO today as I am starting a small long position. I have been waiting for break below $34 on the USO for awhile.

Stock Market Opening Prices December 18, 2008

Dow Jones Open - Up 20
Nasdaq Open - Up 3
S&P 500 Open - Up 3

Today's Biggest Gainers - December 18th, 2008

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Today's Biggest Gainers 12/18/08 DVAX STEM

This morning, 12/18/08, we have several hot stocks breaking out to the upside. It seems as though all the penny stocks are the biggest gainers this week. I haven't seen so many penny stocks on the top gainers list in awhile.

Hot Stocks to Watch - December 18, 2008

Dynavax ( DVAX ) - DVAX is at it again, after soaring yesterday, this stock is over $2 in pre market trading on partnership news with GSX.

Stem Cells ( STEM ) - STEM received FDA Approval to start a clinical trial.

Avigen ( AVGN ) - Selling rights of a research program to Baxter for $7 million.

http://www.blackberrystocks.com/hotstocks.html

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Stem Cells STEM FDA Approval 12/18/08

Expect Stem Cells ( STEM ) to be a big gainer today, 12/18/08, as this company received FDA Approval to initiate a clinical trial of the Company’s proprietary HuCNS-SC product candidate (purified human neural stem cells) to treat Pelizaeus-Merzbacher Disease (PMD), a fatal brain disorder that mainly affects young children. This Phase I trial is designed to evaluate the safety and preliminary efficacy of HuCNS-SC cells as a treatment for PMD. Currently, there are no approved treatments for this disease.

This is the Company’s second FDA-approved clinical trial to evaluate HuCNS-SC cells as a potential treatment for neurodegenerative diseases. The first such study was the Company’s Phase I clinical trial of HuCNS-SC cells to treat neuronal ceroid lipofuscinoses (NCL), or Batten disease. The Phase I NCL trial will be completed in January 2009.

Patients with PMD are born with a gene mutation that results in insufficient myelination of nerve fibers in the brain, neurological impairment and eventually death. Myelin, which is produced by special cells called oligodendrocytes, insulates nerve fibers to allow electrical signals to be conducted normally. Other, more common, myelination diseases include cerebral palsy, transverse myelitis and multiple sclerosis

STEM is up 16% to $1.54 in pre market trading.

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Dow Jones Futures 12/18/08 - Stock Market

The Dow Jones and Stock Market Futures are pointed slightly higher today, 12/18/08, after a late day sell off it the markets yesterday. The news flow has been fairly quiet but the main thing I will be watching tonight is Research in Motion ( RIMM ) earnings after the close. Oil is also ticking up slightly this morning o $40.63 after falling below $40 at one point yesterday. Check out my latest technical analysis of the stock market.

Pre Market - Futures:

Dow Jones Futures - Up 43
Nasdaq Futures - Up 3.90
S&P 500 Futures - Up 0.10

Today's Biggest Gainers

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1 and 3 Month Libor Rates - 12/18/08 - Today's Libor Rates

It seems as though everyone is watching Libor rates these days. Today's Libor Rates for 12/18/08, are: 1 Month Libor Rate - .508% & 3 Month Libor Rate - 1.525%. The overnight Libor rate is .113%. As you can see, Libor Rates have changed today, December 18, 2008. All three Libor Rates went down today. Here are Previous Libor rates. You can also compare Libor Rates to how the Dow Jones traded.

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Wednesday, December 17, 2008

Dow Jones Analysis 12/18/08 - Stock Market


The following is Technical Analysis for the Dow Jones ( DJIA ) for 12/18/08


Dow Jones Support & Resistance Levels - December 18, 2008


Resistance Levels: 9000, 9200, 9654
Support Levels: 8750, 8500



The Dow Jones failed to break strong resistance at 9000 today but is still trending 100 points above the 50 day moving average which is bullish. The 10 day is getting ready to cross the 50, another bullish indicator. Breaking and closing over Dow 9000 will not be an easy task, but like 1600 on the Nasdaq, if the Dow Jones can do this, there could be a significant move to the upside. Resistance for the Dow after 9000 would be the 9200 level and 9654 level. Support continues to be both the 10 and 50 day moving averages as well as 8500. More Technical Analysis - Go HERE


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Nasdaq Analysis 12/18/08 - December 18, 2008


The following is Technical Analysis for the Nasdaq ( NAS ) for 12/18/08

Nasdaq Support & Resistance Levels - December 18, 2008

Resistance Levels: 1600, 1675

Support Levels: 1580, 1540, 1500

http://stockcharts.com - Chart

The Nasdaq continues to trade in this uptrend in a bear market with pullbacks being bought near the 50 day moving average. The Nasdaq has been testing the key resistance level of 1600 but has been failing. This level will be very tough to get through but if closed over, you could have a significant move to the upside. Support for the Nasdaq remains the 50 day and 10 day moving averages which by tomorrow will be 1580 and 1540. The Nasdaq remained fairly strong today despite negative news out of Apple, great sign! For more technical analysis, Click Here

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Dow Jones Close 12/17/08 - Stock Market Closing Prices

Stock Market Closing Prices - 12/17/08

Dow Jones Industrial Average ( DJIA ) Close - 8824.34 Down 99.80
Nasdaq Stock Market Close - 1579.31 Down 10.58
S&P 500 Close - 904.40 Down 8.78
http://dowjonesclose.com

Treasury Rates 12/17/08 - 10 Year Treasury Note - 2.19% 30 Year Treasury Note 2.66% 2 Year Treasury Note - .74%

Libor Rates - 12/17/08 - 30 Day Libor Rate - .581 , 90 Day Libor - 1.578

Commodities Closing Prices - 12/17/08

Gold - 869
Oil - 40.47
Natural Gas - 5.60

The Dow Jones Industrial Average closed at 8824 on 12/17/08, as the stock market gave back some of yesterday's gains but closed higher on the day. The Dow Jones Futures were down this morning with profit taking and grim Apple ( AAPL ) news. MacWorld is being cancelled starting in 2010 and Steve Jobs will not be making his keynote speech in the 2009 MacWorld. Wall Street is now pricing into the stock the potential health problems associated with Steve Jobs. There has been some big selling hitting AAPL below $90. The Dow Jones and Nasdaq are having trouble near their resistance levels of 9000 & 1600 respectively but pullbacks near their 50 day moving average continue to be bought. Morgan Stanley MS earnings were in line and that stock was up over 10% today at one point. Goldman Sachs ( GS ) added to the gains yesterday as well. The Solar Stocks were breaking out today, First Solar ( FSLR ) was up over 10%. Energy Conversion Devices ( ENER ) was up big as well. I will have more technical analysis of the markets later tonight.


Todays Biggest Stock Market Gainers : Dynavax ( DVAX ) was the largest gainer today.... after hitting .70 at the open, it was all uphill from there!

Top 2008 Stocks

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10 Year Treasury Note 12/17/08 - December 17, 2008

The 10-year Treasury note yield has become the security most frequently quoted when discussing the performance of the U.S. government-bond market and is used to convey the market's take on longer-term macroeconomic expectations. Treasury notes are a stated interest rate, and the owner receives semi-annual interest payments.

Today, 12/17/08, the 10 Year Note fell to a new low hitting 2.074 but has rebounded up to 2.162 in the afternoon. This is an all time low, or the lowest since the Federal Reserve started keeping historic data. The fall in the 10 year note signifies that the Credit Crisis that started around sixteen months ago is far from over.

This is a situation worth watching!

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Apple AAPL Stock Analysis 12/17/08 December 17

The following is technical analysis for Apple ( AAPL ). I will have an updated AAPL Chart showing this analysis tonight. Due to stockcharts.com rules, you cannot take chart snaps during trading hours.

Apple AAPL Technical Analysis December 17th, 2008

AAPL gapped below support of $95 today on fear over Steve Jobs health and has hit a low of $88 in which Apple has bounced off of twice today. The $88-$89 area has been a good level of support over the past 2 months. If this level breaks the next two support levels are $85 and $79.14 area. Resistance: Apple now has resistance at today's high of $91.10 and the previous support level of $95. Apple will continue to see selling pressure as long as it remains under the 10 & 50 day moving averages.

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Dry Bulk Shipping Rates Report - 12/17/08 DRYS

The following is a report on Dry Bulk Shipping Rates for 12/17/08. 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.

Dry Bulk Shipping Rates - December 17th, 2008

Baltic Dry Index ( BDI ) - 836 Up 8
Baltic Cape Index ( BCI ) - 1515 Up 1
Baltic Panamax Index ( BPI ) - 514 Up 34
Baltic Supramax Index ( BSI ) - 476 Down 5

Past Bulk Shipping Rates

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Potash POT Analysis 12/17/08 - Technical Analysis


The following is technical analysis for Potash ( POT ). The chart you see is from weeks ago before Potash first closed back over the 10 day moving average causing this huge move up in share price to $80 today. I will have a new POT Chart tonight showing this analysis but due to stockcharts.com regulations, you can't take snaps during trading hours.


Potash Technical Analysis December 17, 2008


As you can see, Potash closed back over the 10 day moving average several weeks ago just like previous times and exploded to the upside. It was important not to be early because there were several times where it almost closed over the 10 day, but failed, only to take out the previous lows. The bounce off of $47.54 was a huge up volume move and buyers were chasing Pot into the close. This was the signal that some of the shorts were starting to cover. The next day, we got confirmation of a close over $57 which was the 10 day moving average. While this was a huge $10 move in two days....it was just the beginning of Pot's move which has happened two other times in the past several months.


Potash has made a major move so I would be cautious about buying above $75. Pot has closed back over the 50 day moving which is very bullish, so pullbacks to the 10 day moving average should be bought. POT has resistance from $81.54 - $85 and if these levels are cleared the next major resistance level is the Election High of $94.98. Pot has support at the $70 level where it stalled before making this last move higher as well as the 10 day moving average which is at $65.37. The 10 day moving average will be moving higher each trading session that goes by so keep that in mind. $47.54 will turn out to be a long term bottom for Potash and we all know, as evident in the past few weeks, the biggest moves come right after a stock bottoms.


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Dow Jones Open 12/17/08 - Stock Market

This more, the Dow Jones and Stock Market's are opening lower. Technology is getting hit because of Apple ( AAPL ) withdrawing from Macworld starting in 2010. This has investors fearing the health of Steve Jobs once again. Steve Jobs will not be giving the keynote address at this years Macworld. Apple has shown strong support around the $89 level in the past month so I am starting a small position Apple has 25 billion of cash sitting in the bank and while growth is slowing, they have one of the best businesses in the world. Not much downside from here. Apple also has some nice support at $85.

First Solar ( FSLR ) is a stock breaking out with nice volume this morning...keep an eye on ENER as well.

Stock Market Opening Prices December 17, 2008

Dow Jones Open - Down 105
Nasdaq Open - Down 22
S&P 500 Open - Down 13

Today's Biggest Gainers 12/17/08

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Today's Biggest Gainers - SAY DVAX 12/17/08

This morning 12/17/08, there are several hot stocks that are breaking out in pre market trading.

Today's Biggest Gainers December 17, 2008

Satyam Computer ( SAY ) - up 42% to $8.10 - This Indian company cancelled their plans to buy a few firms. Satyam, India's No. 4 software services exporter, bowed to investor outrage and cancelled the plans to buy two builders just 12 hours after the deals were announced.

Dynavax ( DVAX ) - Up 200% to .79% - GlaxoSmithKline (GSK) signed a partnership to develop treatments for immuno-inflammatory diseases with Dynavax Technologies Corp. (DVAX), which could eventually reap worth more than $800 million including all options.
Dynavax, a Berkeley, Calif., biopharmaceutical company, will get an initial payment of $10 million from the British drug maker. Dynavax will conduct research and early clinical development in up to four programs and could get total milestone payments of about $200 million per program.

http://www.blackberrystocks.com/hotstocks.html

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