Stock Market 2/27/09 - February 27, 2009

Today, 2/27/09, the Stock Market Futures are lower this morning as the financial stocks are tanking in pre market so far. Citigroup ( C ) is trading at $1.95 as we get additional details of the government 40% stake in the company. Below are some of the things I will be watching today.

Stock Market - Things to Watch - February 27, 2009

• Financial Stocks are tanking - new details on the Citigroup stake by the Government reveal that this company is toast and the Government has basically taken this bank over.
  
• FAZ rising, FAS tanking
• GDP Figure Due out at 8:30am - Update: Down 6.2% Yikes!
• Gold spiking back up after hitting support around the $925, 930 level - Gold is $953
• Watching the key technical support levels for the markets... Dow 7105, S&P 500 741, Nasdaq 1384....in pre market, the Dow is testing 7000 and the S&P 500 is 731

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