Dow Jones Analysis 2/2/09 - Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 2/2/09

Dow Jones Support & Resistance Levels - February 2, 2009

Resistance Levels: 8300, 8500, 8765

Support Levels: 8000, 7965, 7774

http://stockcharts.com - Chart

The Dow Jones closed at its recent support level of 8000 on Friday. So far, every time we have gone in the 7900's recently we bounce several hundred points. I'd expect this to keep happening but if we would break 7900 intraday, it would really bring in additional selling pressure. The fact that we could not even hit the 50 day moving average last week is very concerning and bearish. I won't be starting any new long positions until we at least close back over the 10 day moving average which is at 8150. Be careful out there!

For More Technical Analysis - Go Here

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Nasdaq Analysis 2/02/09 February 2, 2009

The following is Technical Analysis for the Nasdaq ( NAS ) for 2/2/09

Nasdaq Support & Resistance Levels - February 2, 2009

Resistance Levels: 1495, 1518, 1600, 1665

Support Levels: 1434, 1400

http://stockcharts.com/ - Chart

The Nasdaq closed below the 10 and 50 day moving averages once again as well as 1500. This is very bearish action. The next support level is the recent low of 1434.08. If we break through that low, I'd expect 1400 to be tested. I will be buying 1400 as this area held up well back in Nov and Dec and produced some nice rallies.
Overall, the action that we saw last week was very bearish...the test of 1600 failed, we couldn't hold both key moving averages for more then a day. There is just a lot of bad news and selling going on at the moment. For More Technical Analysis - Go Here

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Dow Jones Close 1/30/09 - Stock Market Closing Prices

Stock Market Closing Prices - 1/30/09

Dow Jones Industrial Average ( DJIA ) Close - 8000.94 Down 148.07
Nasdaq Stock Market Close - 1476.42 Down 31.42
S&P 500 Close - 825.90 Down 19.24
http://dowjonesclose.com

Libor Rates - 1/30/09

1 Month - 0.419%
3 Month - 1.184%

Commodities Closing Prices - 1/30/09

Gold - 930
Oil - 41.62
Natural Gas - 4.41

The Dow Jones Industrial Average closed at 8001 on 1/30/09, as the stock market fell on a better then expected GDP report and the rumor that the bad bank plan is on hold. The Dow Jones Futures started the day down, we got the GDP number which was down 3.8%, and stocks began to rally in pre market. After the stock market opened, it began to trade lower. Later in the day, CNBC's Charlie Gasparino reported that the Government's bad bank plan might have hit a roadblock and they are unclear on how to act on the plan. This sent the Dow Jones, Nasdaq, and S&P 500 lower. This is bad for the stock market because it bring uncertainty back into the market. It will be interesting to see how we open on Monday given this news. I will have full technical analysis of the stock market over the weekend, Right Here.

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Charlie Gasparino CNBC Banks 1/30/09

Charlie Gasparino of CNBC is reporting today, January 30, 2009, that the bad bank plan could be on hold. The stock market is dipping on this news, the Dow Jones is hovering above support around 8000.

The Bad Bank plan was for the Government to buy toxic bank assets and get them off the banks' books so that they can resume lending and start a new path to profits.

This bad bank plan news has rallied the stock market over the past week and this news combined with Obama's Wall Street bonus chatter is really starting to hamper the stock market.

Not news you want to hear on a Friday afternoon going into the weekend! If we close at the lows, look out below on Monday! I would not want to be in bank stocks right now.

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Hot Penny Stocks 1/30/09 January 30, 2009

Today, 1/30/09, there are a few penny stock gainers breaking out to the upside. Be sure to check out the Top 2009 Penny Stock Gainers on the NYSE, Nasdaq, and AMEX.

Penny Stock Gainers - January 30, 2009

Hayes Lemmerz ( HAYZ ) - $0.15 Up 97% - HAYZ Amends Credit Agreement

Quantum ( QTM ) - $0.53 Up 49% - QTM reports better then expected earnings...stock rises

Aastrom Biosciences ( ASTM ) - $0.72% Up 9.5% - ASTM and all the Stem Cell Stocks continue to soar. PSTI, STEM, GERN, ASTM are all heading higher.

Check out the biggest stock gainers today.

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Baltic Dry Index Shipping Rates - 1/30/09 BDI

The following is a report on Dry Bulk Shipping Rates for 1/30/09. 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 30, 2009

Baltic Dry Index ( BDI ) - 1070 Up 34
Spot 4 - TC Average - 17410 Up 140
Baltic Cape Index ( BCI ) - 1981 Up 9
Baltic Panamax Index ( BPI ) - 795 Up 76
Supramax Index ( BSI ) - 512 Up 24
Past Bulk Shipping Rates

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4th Quarter 2008 GDP 1/30/09

January 30, 2009: The GDP number for Q4 2008 was down 3.8%. Do we believe this number? Stocks are rallying on this news.

Biggest Stock Gainers 1/30/09 - January 30, 2009

Today, January 30, 2009, there are several stock gainers that are breaking out with some nice momentum. If you are looking to day trade today, you might want to check out the following stocks. Things could get real interesting after the GDP number comes out at 8:30am Est.

Check out today's biggest gainers and the Top Stocks for 2009.

Hot Stocks 1/30/09 - Biggest Gainers Today

Amazon.com ( AMZN ) - $57.50 Up 15% - AMZN is going up because of better then expected earnings. Amazon.com Announces Fourth Quarter Sales up 18% to $6.70 Billion; 2008 Free Cash Flow Grows 16% to $1.36 Billion.

Satyam Computer ( SAY ) - $2.08 Up 10% - SAY is surging one two pieces of news: Fidelity raises stake in Satyam to 6.8 pct - India's Spice Group ready to put $408 mln in Satyam.

NovaGold ( NG ) - $3.79 Up 9.89% - Novagold is up over 100% in the past two weeks and is adding to this today. NovaGold Closes Balance of US$75 Million Financing and Bridge Loan Converted.

Check out the biggest stock gainers today.

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1 and 3 Month Libor Rates - 1/30/09 - Today's Libor Rates

It seems as though everyone is watching Libor rates these days. Today's Libor Rates for 1/30/09, are: 1 Month Libor Rate - 0.419% & 3 Month Libor Rate - 1.184%. The overnight Libor rate is 0.305%. As you can see, Libor Rates have changed today, January 30, 2009.
All three Libor Rates went up today, first time in awhile.

Here are Previous Libor rates. You can also compare Libor Rates to how the Dow Jones traded.
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Dow Jones Futures 1/30/09 - Stock Market Futures

How will the stock market open on Friday - January 30, 2009? The Dow Jones and Stock Market Futures are pointing toward a down open for pre market trading as we await the GDP number due out at 8:30am.

Stock Market Futures 1/30/09 - Pre Market

Dow Jones Futures - Down 25
Nasdaq Futures - Down 3
S&P 500 Futures - Down 1.5

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Dow Jones Analysis 1/30/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 1/30/09

Dow Jones Support & Resistance Levels - January 30, 2009

Resistance Levels: 8300, 8500, 8765

Support Levels: 8000, 7965, 7774

http://stockcharts.com - Chart

The Dow Jones tested its 50 day moving average yesterday and sold off today, if this is all of spike we will see, things are very ugly. 8500 is the level I am looking at on the upside, and under 8000 is the area I will be watching on the downside. The fact that we couldn't even hold the 10 day moving average for more then one day is concerning and this is the type of action you see before a move lower comes. Tomorrow the GDP number comes out so expect the market to spike if the number isn't that bad. I think we will stay in this 8000-8500 range for awhile. For More Technical Analysis - Go Here

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Nasdaq Analysis 1/30/09 January 30, 2009

The following is Technical Analysis for the Nasdaq ( NAS ) for 1/30/09

Nasdaq Support & Resistance Levels - January 30, 2009

Resistance Levels: 1518, 1555, 1600, 1665

Support Levels: 1500, 1434

http://stockcharts.com - Chart

The Nasdaq pullback to its 10 and 50 day moving averages today but it remains over 1500. This is a level that has offered great support if closed over but if closed below we have had significant trouble getting back over. After being up 4 straight sessions, today we had a pullback day. On 1/30/09, the GDP figure comes out in the morning and will set the tone for the next week. I continue to like buying tradeble dips under 1500 but if the Nas goes below 1434 it would cause problems. Over the past several months, we mainly trading in a large range from 1450 to 1650. For More Technical Analysis - Go Here

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Dow Jones Close 1/29/09 - Stock Market Closing Prices

Stock Market Closing Prices - 1/29/09

Dow Jones Industrial Average ( DJIA ) Close - 8148.69 Down 226.76
Nasdaq Stock Market Close - 1507.84 Down 50.50
S&P 500 Close - 845.11 Down 28.98
http://dowjonesclose.com

Libor Rates - 1/29/09

1 Month - 0.413%
3 Month - 1.170%

Commodities Closing Prices - 1/29/09

Gold - 909
Oil - 41.58
Natural Gas - 4.69

The Dow Jones Industrial Average closed at 8149 on 1/29/09, as the stock market went down after going up the prior 4 trading sessions. The Dow Jones Futures started the day lower and as soon as we opened we never really gained traction. The market seemed spooked by the New Home Starts data that came out around 10 am which was dismal! Tomorrow we will get even more bad data in the form of a GDP number. Analysts expect the GDP to come in down 5.5-7% but I feel this is already priced into the market. Crude Oil held $40 for the third time in a few weeks and if oil continues to hold this key support level we could be seeing $50 sooner or later. That is pretty much all the major stuff that happened today, January 29th, I will have full technical analysis tonight, Right Here. Will be watching Amazon.com ( AMZN ) earnings tonight.

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Biggest Stock Gainers 1/29/09 - January 29, 2009

Today, January 29, 2009, there are several stock gainers that are breaking out with some nice momentum. If you are looking to day trade today, you might want to check out the following stocks. The Stock Market is down due to some profit taking and a horrible New Home Sales number that came out at 10am this morning. Oil is doing its best to hold key support of $40 per barrel. If $40 holds over the next few trading sessions, you could easily see $50 tested over the next several weeks which would be huge for stocks such as the DXO and the USO. Check out today's biggest gainers and the Top Stocks for 2009.

Hot Stocks 1/29/09 - Biggest Gainers Today

Pozen ( POZN ) - $7.66 Up 24.15% - POZEN Informed by FDA That Endoscopic Gastric Ulcer Incidence Continues to Be an Acceptable Primary Endpoint.

Sepracor ( SEPR ) - $15.82 Up 16.07% - Sepracor swings to 4th-quarter profit on lower costs, tops Wall Street forecasts.

Financial Bear 3X ( FAZ ) - $44.00 Up 12% - If FAZ is higher, you know the financials are doing bad. Buying FAZ is shorting the financials with juice. 3 times the juice!

Gold Fields ( GFI ) - $10.85 Up 11.87% - Gold Fields Full Production Achieved on Expansion Projects at end December 2008

Check out the biggest stock gainers today.

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Hot Penny Stocks 1/29/09 January 29, 2009

Today, 1/29/09, there are two penny stock gainers breaking out to the upside. Be sure to check out the Top 2009 Penny Stock Gainers on the NYSE, Nasdaq, and AMEX.

Penny Stock Gainers - January 29, 2009

Angiotech Pharmaceuticals ( ANPI ) - $0.45 Up 25% - Angiotech's corporate partner, Boston Scientific, announces Japanese approval for TAXUS(R) Liberte(R) drug-eluting stent system.

Colonial Bancgroup ( CNB ) - $0.90 Up 6% - CNB is getting a bounced after this stock has gotten crushed over the past few weeks.

Check out the biggest stock gainers today.

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Baltic Dry Index Shipping Rates - 1/29/09 BDI

The following is a report on Dry Bulk Shipping Rates for 1/29/09. 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 29, 2009

Baltic Dry Index ( BDI ) - 1036 Up 22
Spot 4 - TC Average - 17270 Down 276
Baltic Cape Index ( BCI ) - 1972 Down 34
Baltic Panamax Index ( BPI ) - 719 Up 86
Supramax Index ( BSI ) - 488 Up 15
Past Bulk Shipping Rates

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Stocks to Watch 1/29/09 January 29, 2009

This morning, 1/29/09, the stock market futures are lower as we give back some gains from the past few days. The house passed the stimulus bill last night but did not get support from Republicans. Below are some stocks that will be active in the stock market today. Be sure to check out the latest technical analysis.

Stocks to Watch - January 29, 2009

Dryships ( DRYS ) - $9.40 Down 23.08% - DryShips in breach of some loan covenants -DryShips ( DRYS ) said two of its banks notified the Greek dry bulk carrier that it is in breach of certain financial covenants and it is currently in discussions with its lenders for waivers and amendments to loan covenants. Oppenheimer also downgraded Drys this morning to underperform from perform. Technically, DRYS is dangerous back under $10 and would be cautious. Keep an eye on $9.00 and $8.80, if these are taken out it could get ugly!

Sepracor ( SEPR ) - $15.45 Up 13.35% - Sepracor swings to 4th-quarter profit on lower costs, tops Wall Street forecasts.

Ford ( F ) - $2.01 Down 0.99% - Ford reported a loss of $1.37 in earnings, Revenue 29.2 billion, has roughly 13 billion in cash since they only burned through just over 5 billion for the quarter. During the 3rd quarter, Ford burned through over 7 billion in cash so this is a nice improvement but was expected. Ford says it still doesn't need the bridge loan from the Government.

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1 and 3 Month Libor Rates - 1/29/09 - Today's Libor Rates

It seems as though everyone is watching Libor rates these days. Today's Libor Rates for 1/29/09, are: 1 Month Libor Rate - 0.413% & 3 Month Libor Rate - 1.170%. The overnight Libor rate is 0.221%. As you can see, Libor Rates have changed today, January 29, 2009. Both 3 month and Overnight Libor Rates went down but the 1 month Libor went up today.
Here are Previous Libor rates. You can also compare Libor Rates to how the Dow Jones traded.

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Dow Jones Futures 1/29/09 - Stock Market Futures

How will the stock market open on Thursday - January 29, 2009? The Dow Jones and Stock Market Futures are pointing toward a lower open for pre market trading.

Stock Market Futures 1/29/09 - Pre Market - Updates 7:00am Est

Dow Jones Futures - Down 105
Nasdaq Futures - Down 15
S&P 500 Futures - Down 9.90

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Dow jones Analysis 1/29/09 - Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 1/29/09

Dow Jones Support & Resistance Levels - January 29, 2009

Resistance Levels: 8500

Support Levels: 8300, 8180, 8000, 7935, 7774

http://stockcharts.com/ - Chart

The Dow Jones broke and closed above the 10 day moving average today...first time this has happened in 3 weeks...very bullish signal. Next resistance level is 8500 and the Dow will really need something major to close over this level. Since the 8500 level was previous support and broken, this area will be a place where traders will be more inclined to sell positions rather the buy more. If the Dow can close over 8500, it would also mean a close over the 50 day moving average and another bullish indicator.

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Nasdaq Analysis 1/29/09 January 29, 2009

The following is Technical Analysis for the Nasdaq ( NAS ) for 1/29/09

Nasdaq Support & Resistance Levels - January 29, 2009

Resistance Levels: 1580, 1600, 1665

Support Levels: 1517, 1500, 1434

http://stockcharts.com - Chart

The Nasdaq ripped through the 50 day moving average at 1518 and has closed over this level...very bullish, pullbacks under 1500 should be now be bought with a stop at 1434. The next resistance level for the Nasdaq is located between 1580-1600 with 1600 being the major area of resistance. I believe it will take a lot to close above this level and I will be selling Nasdaq 1600 or above. If we break through 1666 which was the early January high, I will be getting back in somehow but using a very tight stop. I am bullish at the moment but we always seem to have these huge moves up in a matter of days and I just have to sell into them because they never hold. For More Technical Analysis - Go Here

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Dow Jones Close 1/28/09 - Stock Market Closing Prices

Stock Market Closing Prices - 1/28/09

Dow Jones Industrial Average ( DJIA ) Close - 8376 Up 201.27
Nasdaq Stock Market Close - 1558.34 Up 53.44
S&P 500 Close - 874.11 Up 28.40
http://dowjonesclose.com

Libor Rates - 1/28/09

1 Month - 0.409%
3 Month - 1.174%

Commodities Closing Prices - 1/28/09

Gold - 887
Oil - 42.27
Natural Gas - 4.48

The Dow Jones Industrial Average closed at 8376 on 1/28/09, as the stock market broke out technically and ripped higher due to a possible buying spree of toxic bank assets by our government. The stock market also went up due to the stimulus plan getting passed hopefully in the next week. The Federal Reserve also kept interest rates unchanged and despite the economy weakening further, they stated that we might start to see a recovery during the 2nd half of 2009. The Dow Jones hit a high of 8446 before giving back some of the gains in the last hour. Oil prices headed slightly higher despite an over 6 million build in crude inventories. The biggest surprise was a decline in gasoline supplies. It appears prices at the pump have bottomed and will start to rise even further. I would expect the Dow Jones to test 8500 in the next week and it will be interesting to see how we do at that level. I will have full technical analysis of the stock market later tonight, Right Here. Some of the best stocks today were the bank stocks such as Wells Fargo ( WFC ), Citigroup ( C ), Bank of America ( BAC ), and Goldman Sachs ( GS ). The S&P broke up through 866 so i'd watch the next resistance level of 888. Below are companies reporting earnings tomorrow:

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

Earnings 1/29/09

Under Armour UA 1/29 8am .25EPS
Celegene CELG 1/29 8am .42EPS
3M Company MMM 1/29 8am .93EPS
Ford Motor F 1/29 8am -1.19EPS
Amazon.com AMZN 1/29 4pm .40EPS
Broadcom BRCM 1/29 4pm .26EPS
Juniper Networks JNPR 1/29 4pm .32EPS
SunPower SPWRA 1/29 4pm .58EPS
YRC Worldwide YRCW 1/29 4pm -.66EPS

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Baltic Dry Index Shipping Rates - 1/28/09 BDI

The following is a report on Dry Bulk Shipping Rates for 1/28/09. 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 28, 2009

Baltic Dry Index ( BDI ) - 1014 Up 14
Spot 4 - TC Average - 17546 Down 381
Baltic Cape Index ( BCI ) - 2006 Down 29
Baltic Panamax Index ( BPI ) - 633 Up 45
Supramax Index ( BSI ) - 473 Up 13
Past Bulk Shipping Rates

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Biggest Stock Gainers 1/28/09 - January 28, 2009

Today, January 28, 2009, their are several stock gainers that are breaking out in pre market trading. The bank stocks you see below are breaking out to a possible new program in February. Under the program, which is expected to start in February, up to $200 billion will be made available to spur auto, student and credit card loans as well as loans to small businesses. To do that, the Fed will buy securities backed by those different types of consumer debt. The Fed also hopes that action will lower rates on those loans. The program could be expanded in size or scope to provide financing for other types of securities, such as those backed by commercial mortgages. The house is also expected to pass a stimulus bill today. In Pre Market trading, the Dow is hitting 8300 and is breaking out technically. Check out today's biggest gainers and the Top Stocks for 2009.

Hot Stocks 1/28/09 - Biggest Gainers Today

Citigroup ( C ) - $4.39 Up 24% - Citi is going up with the above banking news.

Allied Irish Banks ( AIB ) - $4.37 Up 24% - AIB has been going up for days but is going up with the bank stock news above.

Financial Bull 3X ( FAS ) - $11.60 Up 25% - If you think the financial sector is going to explode higher, FAS is the stock for you because it offers 3 times the stock move.

Barclays ( BCS ) - $6.28 Up 20.54% - Barclays is one hot stock today as well, it has been breaking out for days!

Bank of America ( BAC ) - $7.80 Up 20% - BAC was just $5 last week but it appears Jeff Mackie saved the day as well as today's banking news.

Wells Fargo ( WFC ) - $19.59 Up 21% - WFC is going up with the above news, what isn't?

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1 and 3 Month Libor Rates - 1/28/09 - Today's Libor Rates

It seems as though everyone is watching Libor rates these days. Today's Libor Rates for 1/28/09, are: 1 Month Libor Rate - 0.409% & 3 Month Libor Rate - 1.174%. The overnight Libor rate is 0.224%. As you can see, Libor Rates have changed today, January 28, 2009. Both 1 & 3 month Libor Rates went down but the overnight Libor went up today.

Here are Previous Libor rates. You can also compare Libor Rates to how the Dow Jones traded.
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Dow Jones Futures 1/28/09 - Stock Market Futures

How will the stock market open on Tuesday - January 28, 2009? The Dow Jones and Stock Market Futures are pointing toward a higher open for pre market trading.

Stock Market Futures 1/28/09

Dow Jones Futures - Up 108
Nasdaq Futures - Up 15.50
S&P 500 Futures - Up 13.90

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

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Dow Jones Analysis 1/28/09 - Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 1/28/09

Dow Jones Support & Resistance Levels - January 28, 2009

Resistance Levels: 8211, 8250, 8350, 8500
Support Levels: 8000, 7935, 7774

http://stockcharts.com - Chart

The Dow Jones closed right near its 10 day moving average but we failed to take out 8250 intraday. With the futures up tonight, we could very well have a big day tomorrow. I will not get super bullish until we close back over the key resistance level of 8500 which had been support through most of December. After forming a base below 8000 over the past few weeks, it finally looks like the market wants to head higher. The RSI is pointing toward a break out as well!

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Nasdaq Analysis 1/28/09 January 28, 2009

The following is Technical Analysis for the Nasdaq ( NAS ) for 1/28/09

Nasdaq Support & Resistance Levels - January 28, 2009

Resistance Levels: 1519, 1550, 1600, 1665

Support Levels: 1500, 1444, 1435, 1400

http://stockcharts.com - Chart

The Nasdaq closed above its 10 day moving average today which is a very bullish indicator. With the stock market futures up tonight, it looks as though we will close over the 50 day moving average tomorrow. This would set up a run toward 1550 and 1600. Resistance after those two levels would be the early Jan high of 1665.63 and the Election high of 1785.84.
A break below 1434 at any time would be very bearish and we'd probably retest the lows. As long as we remain over 1500, I am bullish on the Nasdaq. For More Technical Analysis - Go Here

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

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Dow Jones Close 1/27/09 - Stock Market Closing Prices

Stock Market Closing Prices - 1/27/09

Dow Jones Industrial Average ( DJIA ) Close - 8174.73 Up 58.70
Nasdaq Stock Market Close - 1504.90 Up 15.44
S&P 500 Close - 845.70 Up 9.13
http://dowjonesclose.com

Libor Rates - 1/27/09

1 Month - 0.411%
3 Month - 1.184%

Commodities Closing Prices - 1/27/09

Gold - 897
Oil - 41.90
Natural Gas - 4.51

The Dow Jones Industrial Average closed at 8175 on 1/27/09, as the stock market was generally higher on the day thanks in part to the banking stocks, earnings out of American Express ( AXP ), and earnings from US Steel ( X ). The Dow Jones closed right at the 10 day moving average, a very bullish technical sign. The next major resistance level will be 8500 which is near the 50 day moving average. The 8300 -8350 are has minor resistance. I will have full technical analysis later tonight, Right Here.

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

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Hot Penny Stocks 1/27/09 January 27, 2009

Today, 1/27/09, there are several penny stock gainers breaking out to the upside. Be sure to check out the Top 2009 Penny Stock Gainers on the NYSE, Nasdaq, and AMEX.

Penny Stock Gainers - January 27, 2009

Cell Therapeutics ( CTIC ) - $0.09 Up 21% - CTIC is going up due to Pixantrone Pre-NDA Communication from FDA Provides Cell Therapeutics Basis to Begin Rolling NDA Submission. Be careful though, they might get delisted - Continued listing on The NASDAQ Capital Market, including the $35 million market value of listed securities requirement or its alternatives, by February 12, 2009.

Navisite ( NAVI ) - $0.45 Up 11% - Can't find any news on NAVI

Evergreen Energy ( EEE ) - $0.40 Up 10% - Evergreen is going up due to the following news. C-Lock is EEE's Subsidiary - IBM, C-Lock Technology, Inc. and Enterprise Information Management, Inc. to Exhibit GreenCert GHG Measurement and Information Management at EUEC-Phoenix February 1-4

Check out the biggest stock gainers today.

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Biggest Stock Gainers 1/27/09 - January 27, 2009

Today, January 27, 2009, their are several stock gainers that are breaking out in pre market trading. Check out today's biggest gainers and the Top Stocks for 2009.

Hot Stocks 1/27/09 - Biggest Gainers Today

CV Therapeutics ( CVTX ) - $16.87 Up 48.78% - CVTX is getting a buyout offer of $16 per share. Astellas Proposes to Acquire CV Therapeutics for $16 Per Share in Cash.Proposal Values CV Therapeutics at $1.0 Billion and Represents a 41% Premium for CV Therapeutics Stockholders.

Allied Irish Bank ( AIB ) - $3.17 Up 19.62% - AIB stock is continuing its climb from yesterday. AIB went up on the Barclays earnings news.

Lloyds Banking Group ( LYG ) - $3.88 Up 14% - The pound pushed back above $1.40 Tuesday after touching near 24-year lows last week, as British banking stocks continued to rally following Barclays PLC's report that it will post better than expected profits for 2008.

Netflix ( NFLX ) - $33.00 Up 9.62% - NFLX is up on great earnings!

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Baltic Dry Index Shipping Rates - 1/27/09 BDI

The following is a report on Dry Bulk Shipping Rates for 1/27/09. 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 27, 2009

Baltic Dry Index ( BDI ) - 1004 Up 9
Spot 4 - TC Average - 17927 Down 175
Baltic Cape Index ( BCI ) - 2035 Down 14
Baltic Panamax Index ( BPI ) - 588 Up 26
Supramax Index ( BSI ) - 460 Up 14
Past Bulk Shipping Rates

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1 and 3 Month Libor Rates - 1/27/09 - Today's Libor Rates

It seems as though everyone is watching Libor rates these days. Today's Libor Rates for 1/27/09, are: 1 Month Libor Rate - 0.411% & 3 Month Libor Rate - 1.184%. The overnight Libor rate is 0.220%. As you can see, Libor Rates have changed today, January 27, 2009. The 1 Libor rate went up while the overnight and 3 month libor fell.
Here are Previous Libor rates. You can also compare Libor Rates to how the Dow Jones traded.

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Dow Jones Futures 1/27/09 - Stock Market Futures

How will the stock market open on Tuesday - January 27, 2009? The Dow Jones and Stock Market Futures are pointing to a lower open for pre market trading. Netflix ( NFLX ) was a big gainer in afterhours trading gaining more then 7% after better then expected earnings.

Stock Market Futures 1/27/09 - Updated 7:30am Est

Dow Jones Futures - Down 8
Nasdaq Futures - Down 6
S&P 500 Futures - Down 2

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Dow Jones Analysis 1/27/09 - Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 1/27/09

Dow Jones Support & Resistance Levels - January 27, 2009

Resistance Levels: 8211, 8250, 8350, 8500

Support Levels: 8000, 7935, 7774

http://stockcharts.com - Chart

The Dow Jones had a nice bounce today back to its 10 day moving average but failed at the end of the day. We also broke the recent trading pattern and traded around last Tuesday's high in the low 8200's. If we close back over the 10 day moving average I think we could retest 8500 in the next week. 8500 will be a huge resistance level and it would take a lot for us to break out above it. The Dow held 4 breaks below 8000 last week which is a positive sign for another bottom. However, now that we had this bounce, another break below 8000 would be viewed as bearish and it could get ugly.....something big is brewing

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Nasdaq Analysis 1/27/09 January 27, 2009

The following is Technical Analysis for the Nasdaq ( NAS ) for 1/27/09

Nasdaq Support & Resistance Levels - January 27, 2009

Resistance Levels: 1500, 1519, 1600, 1665
Support Levels: 1444, 1435, 1400

http://stockcharts.com - Chart

The Nasdaq had a great day from my point of view today, retesting its 10 & 50 day moving averages. As you can see, we stopped 4 points short of the 50 day. It would have been nice to close over these 2 levels but resistance is called resistance for a reason - it won't be easy. I'd look for the Nasdaq to close over 1500 over the next few days and that could give a buy signal but if we get back to 1600 i'd be selling. On the downside, if we break through the recent low of 1434.08, I believe we will head to test 1400 and that needs to hold or else it will get ugly. For More Technical Analysis - Go Here

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Dow Jones Close 1/26/09 - Stock Market Closing Prices

Stock Market Closing Prices - 1/26/09

Dow Jones Industrial Average ( DJIA ) Close - 8116.03 Up 38.47
Nasdaq Stock Market Close - 1489.46 Up 12.17
S&P 500 Close - 836.57 Up 4.62

Libor Rates - 1/26/09

1 Month - 0.409%
3 Month - 1.184%

Commodities Closing Prices - 1/26/09

Gold - 903.70
Oil - 45.69
Natural Gas - 4.49

The Dow Jones Industrial Average closed at 8116 on 1/26/09, as the stock market went up on better then expected housing data. The Dow Jones was up as much as 130 points in early trading before giving all of these gains back in just after 2pm est. In the final hour, the stock market roared back into positive territory. Caterpillar ( CAT ) earnings and guidance was the drag on the markets in early trading. Today was the first real bounce back day in the past two weeks and could be a sign of a bottom. The next few days will be key as to the next major move going forward. I will have technical analysis of the market tonight, Right Here.

Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index
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Biggest Stock Gainers 1/26/09 - January 26, 2009

Today, January 26, 2009, their are several stocks gainers that are breaking out in the stock market despite the fact that we are approaching the lows for the day. Check out today's biggest gainers and the Top Stocks for 2009.

Hot Stocks 1/26/09 - Biggest Gainers Today

Barclays ( BCS ) - $4.92 Up 60.17% - Barclays stock surges after profit reassurance.

Allied Irish Banks ( AIB ) - $2.80 Up 35% - AIB is going up with the above Barclays news.

Ouiksilver ( ZQK ) - $2.07 Up 37.02% - Quiksilver stock is surging on speculation of a takeover by another company.

Geron ( GERN ) - $7.87 Up 11% - GERN continues to soar on the FDA Stem Cell News which was released Friday.

Stem Cells ( STEM ) - $2.69 Up 6.32% - STEM continues to soar on the above Geron news and is up 14 of the past 16 trading sessions. STEM has become an explosive stock and is one of 2009's Top Stock Gainers.

Other Stocks doing well - DRYS, ASTM, FCX, ING, GASS

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Baltic Dry Index Shipping Rates - 1/26/09 BDI

The following is a report on Dry Bulk Shipping Rates for 1/26/09. 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 26, 2009

Baltic Dry Index ( BDI ) - 995 Up 15
Spot 4 - TC Average - 18102 Up 208
Baltic Cape Index ( BCI ) - 2049 Up 17
Baltic Panamax Index ( BPI ) - 562 Up 31
Supramax Index ( BSI ) - 446 Up 3
Past Bulk Shipping Rates

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1 and 3 Month Libor Rates - 1/26/09 - Today's Libor Rates

It seems as though everyone is watching Libor rates these days. Today's Libor Rates for 1/26/09, are: 1 Month Libor Rate - 0.409% & 3 Month Libor Rate - 1.184%. The overnight Libor rate is 0.236%. As you can see, Libor Rates have changed today, January 26, 2009. The 1 & 3 Month Libor rates both jumped but the overnight libor rate fell today.
Here are Previous Libor rates. You can also compare Libor Rates to how the Dow Jones traded.

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Dow Jones Futures 1/26/09 - Stock Market Futures

How will the stock market open on Monday - January 26, 2009? The Dow Jones and Stock Market Futures are pointing to a lower open for pre market trading. In Tokyo, the Nikkei 225 index is up 11 points on 1/26/09. Caterpillar ( CAT ) released earnings this morning that were not friendly to Wall Street. Oil prices are falling and Gold is rising to over $900 at $906

Stock Market Futures 1/26/09 - Updated 8:05 am Est

Dow Jones Futures - Down 83
Nasdaq Futures - Down 4.50
S&P 500 Futures - Down 11

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

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Dow Jones Analysis 1/26/09 - Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 1/25/09, 1/26/09

Dow Jones Support & Resistance Levels - January 26, 2009

Resistance Levels: 8152, 8200, 8350, 8500, 8765
Support Levels: 8000, 7965, 7774

http://stockcharts.com - Chart

The Dow Jones continued its downtrend on Friday but managed to close above 8000. Something has to give here soon as we keep going under 8000 and then bouncing but if we keep doing this next week we are bound to really break down. As soon as the bounce doesn't happen, those who bought under 8000 for the bounce will sell adding more pressure. On the bright side, I feel if we break up through Thursday's high of around 8200 we could reverse this current downtrend. A break above 8350 and it will be confirmed. The chart and the news flow is ugly, but a close above 8500 will have traders feeling good about the market again!

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S&P 500 Analysis 1/26/09 January 26, 2009

The following is Technical Analysis for the S&P 500 for 1/26/09

Nasdaq Support & Resistance Levels - January 26, 2009

Resistance Levels: 850, 900, 944

Support Levels: 804, 800, 741

http://stockcharts.com - Chart

The S&P 500 has held the 800 level and appears to have formed a bottom around 804.30. If 800 is broken at any time, I am expecting the low of 741.02 to be tested. Resistance is currently at 850 and if we close above this level, I am expecting the S&P 500 to retest 900.
A close above 944 is what you want to see if you are long this market as this would be a positive sign and a continuation of December's uptrend. For More Technical Analysis - Go Here

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Dryships DRYS Technical Analysis 1/26/09

The following is technical analysis of Dryships ( DRYS ) stock for January 26, 2009. You can see a stock chart of this analysis at: http://blackberrystocks.com/drys.html

Support and Resistance Levels - Dryships DRYS

Resistance - $13, $13.70, $15
Support - $10, $9.00, $8.80, $7.28

Drys is back near support at $10 per share...the low on Friday was $9 and it held the $8.80 late December low. As long as Dryships doesn't close below $10 I am comfortable owning this stock over $10 as this appears to be just a pullback to the 50 day moving average. If Drys closes back under the 50 day moving average, more selling could really hit the stock hard. $13 is the new resistance level and if Drys gets back up there, you will have many sellers willing to sell at that price. If that $8.80 low is broken, I will be waiting to see what happens at $7.28 and $5.90. The good thing about the Dry Bulk Shipping stock is that the Baltic Dry Index is starting to really spike higher finally.

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Apple AAPL Technical Analysis 1/26/09

The following is technical & fundamental analysis of Apple ( AAPL ) stock for 1/26/09. You can view a stock chart of this analysis at : http://blackberrystocks.com/aapl.html

Apple Support and Resistance Levels:

Resistance - $90, $97.17, $103.60
Support - $85, $80, $78

Apple AAPL reported wonderful earnings last week and is currently trapped between the 10 and 50 day moving averages....$90 is your magic number going forward, a close back over $90 is what I am looking for to get bullish on the stock going forward. $90 was the previous support but since it failed, it is now strong resistance. When traders are willing to hold AAPL over $90, this will be a sign of a trend change. After $90, $97.17 will be another level to watch.

The positive thing about AAPL stock right now is that the Steve Jobs health news is already priced in since the news was released two weeks ago. I believe that the selling going on at $78 area last week was due to the theory Steve Jobs may never be back. If Steve Jobs does come back in June, you could see a $10 upside pop in AAPL shares.

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Visa V Technical Analysis January 26, 2009

The following is technical & fundamental analysis for Visa ( V ) stock for 1/26/09. You can see a chart of this analysis by going to http://blackberrystocks.com/visa.html

Visa ( V ) Support and Resistance Levels:

Resistance - $47.50, $50, $52
Support - $43.50, $41.78, $40


Visa ( V ) has totally broken down and broken both low points ( $43.65 and $43.54 ) that formed the double bottom....this is very concerning and is bearish for the stock. Resistance is now at the $47.50 area and if Visa gets a close over this level, $50 will be tested. $50 is another strong resistance level but if closed above you could get buyers flowing back into the stock again. Right now, support appears to be at $42 for Visa. The problem with Visa stock is the company is so tied to the economy. With all the unknowns out there, speculating Analysts have nothing good to say about the current state of the economy and will downgrade a stock like Visa. The stock market typically turns upward six months before the economy starts to show improvement and Visa will be the first to turn with the market. My opinion - If Visa stock dips below $40 I will have to start a long position.

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Earnings Calendar 1/26/09 January 26, 2009

Earnings Season really starts to heat up next week as major energy companies such as Conoco Phillips ( COP ), Hess ( HES ), and Exxon Mobile ( XOM ) all report earnings. Below is a list of companies I will be watching on 1/26/09 and who I feel will provide the most trading opportunities.

Company Earnings Date/Time www.blackberrystocks.com

American Express AXP 1/26 8am .34EPS
Freeport McMoran FCX 1/26 8am -.86EPS
Mcdonald's MCD 1/26 8am .83EPS
Caterpillar CAT 1/26 8am 1.31EPS
Amgen AMGN 1/26 4pm 1.06EPS
Netflix NFLX 1/26 4pm .34EPS
Texas Instruments TXN 1/26 4pm .12EPS
VMware VMW 1/26 4pm .26EPS

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CNBC Fast Money Recap 1/23/09 January 23, 2009

Today, January 23, 2009, CNBC's Fast Money Guy Adami and Jeff Mackie gave their insight on General Electric ( GE ). Jeff Mackie also made a bullish case of some of the Banking Stocks.

CNBC Fast Money Recap 1/23/09

Guy Adami on General Electric ( GE ) - Huge volume today in GE stock...there is a value in their other businesses, the volume today could be a sign of capitulation, and we may have seen it today.

Karen Finnerman on GE - It wouldn't be shocking to me if they accessed some sorta of government mandate...I'm not long or short, really don't know how it will turn out with General Electric.

Pete Najarian on GE Options trading - I think they could get a credit rating change and that is a risk... the options activity right now is huge - the options trading right now is not protection, but speculation on the downside in options all the way down to the $5.00 strike price. Traders are speculating for later this year.

Jeff Mackie on the Banking Stocks - I bought these stocks: Bank of America ( BAC ), Citigroup ( C ), Morgan Stanley ( MS ) - willing to take the risk that these banks aren't going to zero....all the bad news is out, Obama won't let these fail. I am a trader so I could get out of these next week but I think that there is no news they could put out that could surprise me.

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Nasdaq Analysis 1/26/09 January 26, 2009

The following is Technical Analysis for the Nasdaq ( NAS ) for 1/25/09 - 1/26/09

Nasdaq Support & Resistance Levels - January 26, 2009

Resistance Levels: 1500, 1521, 1600, 1665

Support Levels: 1444, 1435, 1400

http://stockcharts.com - Chart

The Nasdaq continues to trade below 1500 which was a key support level...for the past two days, we could not rally above this level - very bearish. Look for the Nasdaq to start a new uptrend with a close back over 1520 which is the 50 day moving average. Nasdaq has nice support around the 1435-1445 area and I will be buying pullbacks near 1400. For More Technical Analysis - Go Here

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