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

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

Stock Market Report - 4/1/09

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

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

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

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

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

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

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

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Dow Jones Futures 4/1/09 Stock Market Futures

How will the stock market open on Wednesday - April 1, 2009? The Dow Jones and Stock Market Futures are pointing toward a lower open for pre market. Check out technical analysis for April 1. Futures are very weak, Celegene ( CELG ) warned tonight but I'm not sure if this is the culprit or not. After after the close I noticed some big selling going on right around 4:15pm Est. Looks like Obama is pushing for bankruptcy on GM

ADP Employment number just came out - weaker then expected, futures are dropping!

Stock Market Futures 4/1/09 - Pre Market Trading - Updated 8:30am Est


Dow Jones Futures - Down 109
S&P 500 Futures - Down 10.50
Nasdaq Futures - Down 17
Nikkei - 8352 Up 242
Oil Futures - 48.29
Gold Futures - 929.20


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


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Dow Jones Analysis 4/1/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 4/01/09

Dow Jones Support & Resistance Levels - April 1, 2009

Resistance Levels: 7931, 8000, 8250

Support Levels: 7600, 7500, 7200

http://stockcharts.com/ - Chart

Stock Market Futures

The Dow Jones had a great day after yesterday's slaughtering. The Dow tried to close above the 10 day moving average but the selling was just to great. Tomorrow the Dow Jones will most likely retest the 50 day moving average as we try to close 2 straight days back over this level. 7500 seems to be a nice area of support, a close below 7500 and I think we will see the next support level of 7200 tested. On the upside, the stock market will rip higher on a close back over 8000. The volume was very light today! For More Technical Analysis - Go Here

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Dow Jones Close 3/31/09 - Stock Market Closing Prices

Stock Market Closing Prices - 3/31/09

Dow Jones Industrial Average ( DJIA ) Close - 7608.92 Up 86.90
Nasdaq Stock Market Close - 1528.59 Up 26.79
S&P 500 Close - 797.83 Up 10.30
http://dowjonesclose.com

Libor Rates - 3/31/09

Commodities Closing Prices - 3/31/09

Gold - 922.60
Oil - 49.10
Natural Gas - 3.78

The Dow Jones Industrial Average closed at 7601 on 3/31/09, as the stock market appears to have accepted the fact that General Motors ( GM ) and Chrysler will most likely go bankrupt.
The Dow Jones Futures were up this morning after Alcoa ( AA ) was upgraded by Deutsche Bank on takeover speculation. Stock market volume was very light today, even lighter then yesterdays sell-off. Stocks climbed steadily throughout the day as we close the books on the 1st quarter of 2009. However, gains were cut in half after the final 30 minutes of trading. It will be interesting to see if there is further profit taking this week due to the recent end of the quarter buying.

The Dow Jones, Nasdaq, and S&P 500 are back above the 50 day moving average, a very bullish sign going forward. I still expect more downside but I think we will probably start trending sideways for awhile. I can see the Dow trading between 7500-8000 for the next few weeks before the next major move. For a list of stocks to watch tomorrow, check out my Stocks to Buy page.

Doctor Doom, Nouriel Roubini was on CNBC this morning. He basically took away the Great Depression II scenario but still thinks the stocks market will retest the lows later this year.

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

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Stocks to Buy Today April 1, 2009 4/1/09

Tuesday, during regular trading hours, there were many stocks that continued to break out to the upside. Below is a list of stocks that are worth watching for April 1, 2009. Also, check out the Biggest Stock Gainers of the Day. You can also find previous stocks to buy reports - Right Here

Stocks to Watch - 4/1/09 - Stock Market Ideas

Financials: The financial sector was hot just one day after being very weak. The following financials are worth looking into for tomorrow: If these stocks get back over their 10 & 50 day moving averages they could really shoot higher!

Citigroup ( C ) - Needs to get back above $2.70's
Bank of America ( BAC ) - Needs to get back above $7.12
Financial Bull 3x ( FAS ) - Needs to get back above $6.15
Wells Fargo ( WFC )
JP Morgan ( JPM )
Fifth Third Bancorp ( FITB )
Ultra Financials ProShares (UYG)

Other Hot Stocks that were Breaking Out today! If the market is up tomorrow, these stocks should be hot once again.

Spansion Inc. (SPSN)
Targeted Genetics Corp. (TGEN)
ProLogis (PLD)
Fairpoint Communications, Inc. (FRP)
Akeena Solar, Inc. (AKNS)
TBS International Limited (TBSI)
General Growth Properties Inc. (GGP)
Verenium Corporation (VRNM)
KKR Financial Holdings LLC (KFN)
Canadian Solar Inc. (CSIQ)
I would also watch Cell Therapeutics ( CTIC ) - this stock has been all over the place and if any positive news is released, CTIC could really pop. That's a big " if " however!

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

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Top Penny Stocks Gainers April 2009

The following is a list of Top Penny Stock Gainers ytd as of April 1, 2009.

Top Penny Stocks List -2009 - April 1st, 2009

#1 Workstream ( WSTM ) - $0.31 Up 520% in 2009
#2 XTENT ( XTNT ) - $1.43 Up 430% in 2009
#3 Evergreen Energy ( EEE ) - $1.24 Up 339% in 2009
#4 Air Transport Services ( ATSG ) - $0.78 Up 333% in 2009
#5 EntreMed ( ENMD ) - $0.51 Up 219% in 2009
#6 Cell Therapeutics, Inc. ( CTIC ) - $0.42 Up 198% in 2009
#7 Augusta Resource ( AZC ) - $1.37 Up 198% in 2009
#8 XTL Biopharmaceuticals Ltd ( XTLB ) - $0.145 Up 190% in 2009
#9 Select Comfort Corp ( SCSS ) - $0.72 Up 188% in 2009
#10 QuickLogic Corporation( QUIK ) - $1.78 Up 181% in 2009

Other Penny Stocks Gainers that didn't have over 50,000 in Volume:

Pinnacle Gas Resources, Inc. ( PINN )
ICOP Digital, Inc. ( ICOP )
Pluristem Therapeutics Inc. ( PSTI )

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

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Biggest Stock Gainers 3/31/09 March 31, 2009

Today, March 31, 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. Check out today's biggest gainers and the Top Stocks for 2009.You can find yesterday's Top Gainers Report Right Here

Hot Stocks 3/31/09 - Biggest Gainers Today

Jackson Hewitt Tax Service Inc. (JTX) - $5.39 Up 23.91% - No News - Tax Season is good??

Lincoln National Corp. (LNC) - $7.52 Up 17.32% - Lincoln Financial Group To Pay $500 Million Debt Maturity on April 6

TBS International Limited (TBSI) - $7.54 Up 16.18% - TBS International Limited Reports Fourth Quarter and Year Ended December 31, 2008 Financial Results

Amylin Pharmaceuticals Inc. (AMLN) - $13.25 Up 17.05% - Amylin, Eli Lilly see positive exenatide study - Amylin Pharmaceuticals, Eli Lilly and Alkermes report positive diabetes study results.

Fortress Investment Group LLC (FIG) - $2.59 Up 15.62% - No News

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

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Hot Penny Stocks 3/31/09 March 31, 2009

Today, 3/31/09, 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. We tend to stay away from OTC and Pink Sheets stocks, especially in this environment! You can find ALL Penny Stock Reports Here

Penny Stock Gainers - March 31, 2009

Targeted Genetics Corp. (TGEN) - $0.44 Up 91.30% - No News, Earnings After the Bell - Targeted Genetics to Host Conference Call and Webcast Discussion of Fourth Quarter and Year-End 2008 Financial Results on March 31, 2009

Spansion Inc. (SPSN) - $0.135 Up 170% - No news

Verenium Corporation (VRNM) - $0.32 Up 39% - No News

Fairpoint Communications, Inc. (FRP) - $0.79 Up 23.44% - No News

Enova Systems Inc. (ENA) - $1.00 Up 100% - No News

FX Real Estate & Entertainment Inc. (FXRE) - $0.25 up 19.19% - No News

Adventrx Pharmaceuticals Inc. (ANX) - $0.13 Up 20.37% - No News

Powerwave Technologies Inc. (PWAV) - $0.58 Up 13.73% - No News

Angiotech Pharmaceuticals Inc. (ANPI) - $0.50 Up 13% - Angiotech Pharmaceuticals, Inc. announces License Agreement with Baxter International Inc.

General Growth Properties Inc. (GGP) - $0.67 Up 22% - General Growth discusses unsecured notes

Conseco Inc. (CNO) - $0.74 Up 9% - Conseco Closes Amendment to Credit Facility

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

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Baltic Dry Index Shipping Rates 3/31/09 BDI

The following is a report on Dry Bulk Shipping Rates for 3/31/09. 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 - March 31, 2009 - Down 15 Straight Days

Baltic Dry Index ( BDI ) - 1615 Down 31
Spot 4 - TC Average - 18062 Down 196
Baltic Cape Index ( BCI ) - 2066 Down 12
Baltic Panamax Index ( BPI ) - 1374 Down 60
Supramax Index ( BSI ) - 1288 Down 25
Past Bulk Shipping Rates

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Nouriel Roubini March 31 2009 3/31/09 CNBC

Nouriel Roubini, " Dr. Doom, " came on CNBC this morning and gave comments on what he is seeing in the stock market and financial sector. Nouriel Roubini has been calling this meltdown and has been right for 3 years. He has a downside target for the S&P 500 at 600 and believes this is just another bear market rally. Nouriel believes recent lows will be tested again.

Toxic Asset Plan:

- It will work for awhile but its still not going to stop the problem because they might sell assets below value.

- No one knows what the bad assets are worth, some banks will resist selling them at low prices

- It is time for a special insolvency regime for institutions

- Government bears risks after first losses of toxic loans

- If economy gets worse, it could get ugly very quickly

- There is still a wealth transfer taking place

- Still think some banks must fail and get taken over

Light at the end of the tunnel - We are going to avoid a depression - since they are using everything in their power to avoid this ( the bazooka ) - But it's going to be a long way out of this.

We are close to a stock market bottom but this is just another bear market rally. I still see downside risk more then upside risks for the stock market.

I've been right for three years, in my view, this is still a bear market rally. I see the previous lows being tested again. I will be the first to tell you when I see a recovery. You saw the market get pushed down 3-4% on the GM news yesterday. This is a very shaky stock market!!

Housing prices will fall by another 15-20% - Housing market has not bottomed out. I am still much more bearish then consensus.

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Bank Stocks 3/31/09 March 31, 2009 - FAS

The bank stocks are getting a bounce this morning after getting crushed yesterday. Most of these are trading below both 10 & 50 day moving averages so be careful. On sell-off days they will get hit the hardest as long as the above statement is true. I plan on trading Financial Bull ( FAS ) today since I think it is oversold.

Bank Stock Update - 3/31/09 - Pre Market Trading

Bank of America ( BAC ) - $6.31 Up 4.64%

Citigroup ( C ) - $2.48 Up 7.36%

Financial Bull ( FAS ) - $5.21 Up 7.42%

American International Group ( AIG ) - $1.03 Up 8.42%

Wells Fargo ( WFC ) - $14.05 Up 5.09%

General Electric ( GE ) - $10.14 Up 2.11%

JP Morgan ( JPM ) - $25.43 Up 2.33%

Financial Bear ( FAZ ) - $22.78 Down 7.55%

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

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1 and 3 Month Libor Rates - 3/31/09 - Today's Libor Rates

It seems as though everyone is watching Libor rates these days. Today's Libor Rates for 3/31/09, are: 1 Month Libor Rate - 0.501%. & 3 Month Libor Rate - 1.192%. The overnight Libor rate is 0.510%. As you can see, Libor Rates have changed today, March 31st, 2009.

The 1 & 3 Month Libor Rates fell while the Overnight rate went up.

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

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Dow Jones Futures 3/31/09 Stock Market Futures

How will the stock market open on Tuesday - March 31, 2009? The Dow Jones and Stock Market Futures are pointing toward a lower open for pre market. Check out technical analysis for March 31st.

Stock Market Futures 3/31/09 - Pre Market Trading - Updated 7:40am est

Dow Jones Futures - Up 66
S&P 500 Futures - Up 6.50
Nasdaq Futures - Up 13.25
Nikkei - 8109 Up 127
Oil Futures - 49.80
Gold Futures - 920.00

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

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Dow Jones Analysis 3/31/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 3/31/09

Dow Jones Support & Resistance Levels - March 31, 2009

Resistance Levels: 7600, 8000, 8250

Support Levels: 7500, 7200

http://stockcharts.com/ - Chart

Stock Market Futures

The Dow Jones closed below both key moving averages today which to me signals further downside to come. The next support level is around 7200 and if that doesn't hold, 7000 is the next support level. I will get bullish again when the Dow gets back above 7600.
8000 has been a major resistance level over the past 6 months and when we get back over that level the Dow should make a run toward 9000. For More Technical Analysis - Go Here

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Nasdaq Analysis 3/31/09 March 31, 2009

The following is Technical Analysis for the Nasdaq ( IXIC ) for 3/31/09

Nasdaq Support & Resistance Levels - March 31, 2009

Resistance Levels: 1500, 1513, 1600

Support Levels: 1490, 1463, 1400

http://stockcharts.com - Chart

Stock Market Futures

The Nasdaq is starting to break down after a huge run over the past 3 weeks. I continue to believe that the Nasdaq Bottom has been put in at 1265 but I cannot say this about the Dow or the S&P 500 just yet. The Nasdaq broke closed below the 10 day moving average so I expect a retest of the 50 day moving average ( 1464 ) to be tested sometime this week. If we close below the 50 day, I think we head back to 1400. The postive thing about this sell-off is the volume has been light. Spikes back to the 10 day moving average ( 1512ish ) will be met with sellers. For More Technical Analysis - Go Here

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Stocks to Buy March 31, 2009 3/31/09

Monday, during regular trading hours, there were many stocks that continued to break out to the upside. Below is a list of stocks that are worth watching for March 31, 2009. Also, check out the Biggest Stock Gainers of the Day. You can also find previous stocks to buy reports - Right Here

Stocks to Watch - 3/31/09 - Stock Market Ideas

Afterhours Trading:

Huntington Bancshares Inc. (HBAN) - $1.53 Up 6.25% - No News

Short ETF's - As the stock market tanks because of General Motors ( GM ) bankruptcy concerns, the following ETF's saw money flow into them. These stocks are worth watching again tomorrow.

Financial Bear 3X ( FAZ )
Emerging Markets Bear 3X Shares (EDZ)
DB Crude Oil Dble Short ETN (DTO)
UltraShort FTSE/Xinhua China 25 ProShare (FXP)
UltraShort Financials ProShares (SKF)
Energy Bear 3X Shares (ERY)
UltraShort Basic Materials ProShares (SMN)
Direxion Large Cap Bear 3X Shares (BGZ)
UltraShort DJ-AIG Crude Oil ProShares (SCO)
UltraShort MSCI Emerging Mrkts ProShares (EEV)
Direxion Small Cap Bear 3X Shares (TZA)
UltraShort Real Estate ProShares (SRS)
UltraShort Oil & Gas ProShares (DUG)
UltraShort S&P500 ProShares (SDS)
UltraShort Dow30 ProShares (DXD)
UltraShort MidCap400 ProShares (MZZ)
UltraShort QQQ ProShares (QID)

Other Hot Stocks to Watch:

Cell Therapeutics, Inc. (CTIC) - $0.46 Up 31.29% - After shaking the weak holders out late Friday and early Monday, CTIC is once again going up on heavy volume after bouncing off the 10 day moving average ( 0.24 ).

Providence Service Corp. (PRSC) - $6.88 Up 27.64% - PRSC released great earnings along with guidance Friday evening. PRSC is one the Top 2009 Stock gainers.

Axcelis Technologies Inc. (ACLS) - $0.41 Up 14.89% - Axcelis Technologies Completes Sale of Its Interest in Joint Venture SEN Corporation to Sumitomo Heavy Industries - Company Fulfills Obligations On Convertible Senior Subordinated Notes

InterDigital, Inc. (IDCC) - $26.75 Up $21.10% - InterDigital to Expand Technology Development and Licensing, Realign SlimChip Business to Monetize IP - Restructuring Efforts to Reduce Costs by Approximately $33 Million Pre-Tax Annualized - New Investments to Target Invention-Rich Areas in Broader Wireless Segment

Fifth Third Bancorp (FITB) - $2.48 Up 5.53% - Fifth Third sells stake in processing business - Fifth Third sells 51 percent stake in payments-processing business to Advent International

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

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Dow Jones Close 3/30/09 - Stock Market Closing Prices

Stock Market Closing Prices - 3/30/09

Dow Jones Industrial Average ( DJIA ) Close - 7522.02 Down 254.16
Nasdaq Stock Market Close - 1501.80 Down 43.40
S&P 500 Close - 787.54 Down 28.40
http://dowjonesclose.com

Libor Rates - 3/30/09

Commodities Closing Prices - 3/30/09

Gold - 921
Oil - 48.60
Natural Gas - 3.75

The Dow Jones Industrial Average closed at 7522 on 3/30/09, as the stock market fell big after news came out over the weekend on General Motors ( GM ) and Chrysler about the risks of Bankruptcy. I watch Citigroup on a daily basis because it has brought me success on predicting where the market is headed next. Citi fell below both moving averages Friday and this told me all is not well with the stock market.

The Dow Jones Futures started the day down big and when stocks opened for regular trading, things got even worse. The good news? Volume was on the light side! The bad news? Many financial stocks broke down through key moving averages today in addition to Citigroup ( C ).

General Electric ( GE ) - Broke below $10 today
Bank of America ( BAC ) - Broke below 10 day moving average
American International Group ( AIG ) - Broke below 50 day moving average
Financial Bull ( FAS ) - Broke 10 day moving average, VERY WEAK today!! Support at $4.60 better hold! This means Financial Bear ( FAZ ) is rockin'

Additional news came out at 3pm on General Motors ( GM ) and Chrysler. The Wall Street Journal is reporting the Obama administration wants to split these two companies up and create a good car bad car company.

Dow Jones and S&P 500 Technical Analysis:

Both the Dow Jones and S&P 500 closed below their 10 and 50 day moving averages...a very bearish signal. I will have full technical analysis of the stock 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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Earnings Report 3/31/09 March 31, 2009

The Stock Market continues to go down as it appears likely General Motors ( GM ) will eventually be forced into bankruptcy. Over the weekend, we also had Timothy Geithner say that certain banks are going to need more financial aid. Lastly, we have a highly anticipated jobs report due out on Friday.

The following companies will report earnings tomorrow, March 31st.

Companies Reporting Earnings for March 31, 2009


GigaMedia GIGM 3/31 8am .15EPS

CNOOC CEO 3/31 8am 1.75EPS

Lennar LEN 3/31 8am -.64EPS

Apollo Group APOL 3/31 4pm .65EPS

Borders Group BGP 3/31 4pm .95EPS

Heelys HLYS 3/31 4pm .01EPS

Sealy ZZ 3/31 4pm -.03EPS


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

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Biggest Stock Gainers 3/30/09 March 30, 2009

Today, March 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. Check out today's biggest gainers and the Top Stocks for 2009.You can find yesterday's Top Gainers Report Right Here

Hot Stocks 3/30/09 - Biggest Gainers Today

Spreadtrum Communications Inc. (SPRD) - $2.14 Up 19.55% - SPRD continues to go higher on last weeks news - Samsung Selects Spreadtrum as New Chipset Supplier.

Financial Bear ( FAZ ) - $22.84 up 14.49% - FAZ, along with the other Short ETF's below are going up as the stock market goes down. The market is down today on fears that GM and or Chrysler could actually go bankrupt in a few months. Before we thought there was no chance, now it appears that there is a chance!

UltraShort FTSE/Xinhua China 25 ProShare ( FXP ) - $28.10 Up 13.86%

Direxion Small Cap Bear 3X Shares (TZA) - $55.50 Up 14.50%

UltraShort Basic Materials ProShares (SMN) - $34.78 Up 10.94%

PowerShares DB Crude Oil Dble Short ETN (DTO) - $164 Up 10.98%

UltraShort Financials ProShares (SKF) - $105 Up 10.50%

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

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Hot Penny Stocks 3/30/09 March 30, 2009

Today, 3/30/09, 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. We tend to stay away from OTC and Pink Sheets stocks, especially in this environment! You can find ALL Penny Stock Reports Here

Penny Stock Gainers - March 30, 2009

Gentium S.p.A (GENT) - $1.60 Up 121% - Gentium Announces Preliminary Results from a Phase 2/3 European Pediatric Prevention Trial for Veno-Occlusive Disease at the European Group for Blood and Marrow Transplantation Annual Meeting.

Phoenix Companies Inc. ( PNX ) - $1.08 Up 8% - No News, was $0.80

GTC Biotherapeutics (GTCB) - $0.37 Up 12% - GTC Biotherapeutics Reports Progress in Preparations to Launch ATryn in the U.S.

Manitex International, Inc. (MNTX) - $0.98 Up 63.33%

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

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Baltic Dry Index Shipping Rates 3/30/09 BDI

The following is a report on Dry Bulk Shipping Rates for 3/30/09. 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 - March 30, 2009 - Down 14 Straight Days

Baltic Dry Index ( BDI ) - 1646 Down 32
Spot 4 - TC Average - 18258 Down 206
Baltic Cape Index ( BCI ) - 2078 Down 14
Baltic Panamax Index ( BPI ) - 1434 Down 58
Supramax Index ( BSI ) - 1313 Down 25
Past Bulk Shipping Rates

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Bank Stocks 3/30/09 March 30, 2009 - FAZ

The Bank Stocks are opening very weak as futures plunge on fresh worries the Obama administration would let a car maker go bankrupt. Also, Over the weekend, the Bank of England sold off core parts of mutually owned Dunfermline Building Society to Nationwide Building Society to protect depositors and safeguard financial stability. The Bank of England said it conducted a sale process conducted over the weekend following a significant deterioration in Dunfermline's financial position.

Bank Stock Update - 3/30/09 - Pre Market Trading

Financial Bear ( FAZ ) - $22.60 Up 13.28%

Citigroup ( C ) - $2.43 Down 7.25% - Citi fell below both moving averages on Friday so you could see this coming.

Bank of America ( BAC ) - $6.97 Down 6.40%

Financial Bull ( FAS ) - $5.58 Down 11.99%

American International Group ( AIG ) - $0.94 Down 7.84%

General Electric ( GE ) - $10.39 Down 3.62%

Wells Fargo ( WFC ) - $14.77 Down 5.26%

Barclays ( BCS ) - $8.90 Down 10.01

JP Morgan ( JPM ) - $26.37 Down 3.76%

SPDRs ( SPY ) - $80.15 Down 1.79%

UltraShort Financials ProShares ( SKF ) - $103.85 Up 9.33%

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

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

It seems as though everyone is watching Libor rates these days. Today's Libor Rates for 3/30/09, are: 1 Month Libor Rate - 0.509%. & 3 Month Libor Rate - 1.208%. The overnight Libor rate is 0.286%. As you can see, Libor Rates have changed today, March 30th, 2009. The 1 & 3 Month Libor Rates fell while the Overnight rate went up.

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

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Dow Jones Futures 3/30/09 Stock Market Futures

How will the stock market open on Monday - March 30, 2009? The Dow Jones and Stock Market Futures are pointing toward a lower open for pre market. Check out technical analysis for March 30th. Wall Street is fearing the Obama adminitration could let one of automakers fail, a day after GM CEO Rick Wagoner was forced out. Each time we see the Government try to run Wall Street, the stock market tanks!

Stock Market Futures 3/30/09 - Pre Market Trading - Updated 7:15am EST

Dow Jones Futures - Down 133
S&P 500 Futures - Down 15
Nasdaq Futures - Down 20
Nikkei - 8236 Down 391
Oil Futures - 50.65
Gold Futures - 913

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GM CEO Rick Wagoner to Resign 3/30/09

There are several report flying around the General Motors CEO Rick Wagoner is set to resign immediately. Below are some of the articles:

CNBC -General Motors Chairman and CEO Rick Wagoner is stepping down as head of the embattled automaker CNBC has learned Sunday.

AP - AP Source: GM CEO Wagoner to step down immediately

So what does this mean for General Motors ( GM ) stock on March 30, 2009? I would guess that this is a positive news development for the company. This guy failed as a CEO. When sports coaches do a horrible job, they get fired almost immediately. For some reason, this does not happen in the financial world. Take Mel Karmazin of Sirius XM Radio ( SIRI ) for example. All this guy did over the past 5 years was pump his stock and look where it is today. From $7 to almost bankrupt. Mel Karmazin is still the CEO, I don't get it!

Nevertheless, I think GM should do good on this news tomorrow!! Could new blood save GM? You can't do much worse!

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Apple AAPL Stock Analysis March 2009 - 3/30/09

The following is technical analysis of Apple ( AAPL ) stock for March 30, 2009.

AAPL Support & Resistance Levels - 3/30/09

Resistance Levels: $110, $112.19

Support Levels: $103.73, $100, $95, $93.68

http://stockcharts.com - Chart

Apple recently broke out of a trading range between $80-$103 and topped out at $109.98. A break above this level will take aapl back to the major resistance area between $112-$117. AAPL stock will have problems in that area. The fact that Apple broke out of the previous resistance level ( 103.60 ) tells me that pullbacks under $100 will now be bought heavily. I think Apple will see retests of the 50 day moving average but the stock market would really have to roll over for Apple to see the $80's again. The new trading range should be between $95-$115 for Apple stock. For More Technical Analysis - Go Here

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GE Stock Analysis 3/30/09 March 30, 2009

The following is technical analysis of General Electric ( GE ) stock for March 30, 2009.

GE Support & Resistance Levels - 3/30/09

Resistance Levels: $11.00, $11.35

Support Levels: $10.36, $10, $8.50, $8

http://stockcharts.com - Chart

General Electric is trading above both key moving averages, the 10 & 50 day moving averages. The rally seems to be fizzling out so I will be watching the support range between $10.36 and $10.00 very closely. I strongly believe that if this rally is for real, GE stock will stay above $10. A close below $10 will take GE back to the $8.00-$8.50 area. On the upside, the $11 - $11.35 area will offer resistance, a close over $11.35 will extend this rally even further. After $11.35, the next major resistance level is $12.53 For More Technical Analysis - Go Here

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FAS - FAZ Stock Analysis March 30, 2009

The Direxion Financial Bull 3X Shares EFT ( FAS ) and the Direxion Financial Bear 3X Shares EFT ( FAZ ) have been very active over the past six months. The following is technical analysis on Financial Bull ( FAS ) for 3/30/09. Knowing the support and resistance levels of FAS will help you trade FAZ.

Fas Support and Resistance Levels - March 30, 2009

Resistance Levels: $6.91, $7.00, $7.80

Support Levels: $6.14, $6.00, $5.50, $5.00

http://stockcharts.com - Chart

I trade FAS or FAZ on a daily basis and watch both stocks closely. FAS is trading right between both key short term moving averages, 10 & 50 day. Fas has never closed above the 50 day moving average since it has come into play. Last week, FAS tried many times to get above this level but failed each time. I am watching this level closely because if FAS does get above the 50 day moving average, I think there will be a nice breakout. An actual close above the 50 day will be even more bullish. On the downside, I watch the 10 day moving average, a close below this level and fas could be headed back to $5.00. FAZ would then heat up.

These are the things I am watching as far as the Financial Bull goes. The FAS technicals help me to trade FAZ.

For More Technical Analysis - Go Here

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FRE Stock Analysis March 30 2009 3/30/09

The following is technical analysis of Freddie Mac ( FRE ) stock for 3/30/09

FRE Support and Resistance Levels - March 30, 2009

Resistance Levels: $1.00, $1.50

Support Levels: $0.80, $0.59, $0.50

http://stockcharts.com - Chart

FRE stock has managed to close over the 10 day moving average unlike what Fannie Mae has done. $0.80 is a critical support level for FRE, any close below this level and Freddie will be headed back to the 50 day moving average at $0.59. Like FNM, I would be a buyer on a close over $1.00. The real break out will start on a close over $1.50 but this is a long ways away. Keep an eye on $1.00 and the 50 day moving average for signals of the next big move. For More Technical Analysis - Go Here

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FNM Stock Analysis March 30 2009 3/30/09

The following is technical analysis of Fannie Mae ( FNM ) stock for 3/30/09

FNM Support and Resistance Levels - March 30, 2009

Resistance Levels: $0.75, $1.00

Support Levels: $0.58, $0.50

http://stockcharts.com - Chart

FNM stock has closed back below the 10 day moving average...the first signs of weakness but we will have to give this a few days. Resistance will be at $0.75 which is the 10 day moving average and the high on Friday. If FNM can poke above this level, there will be signs of life once again. Watch $0.75 from here on out. If FNM fails to get back above $0.75 and stay there, the 50 day moving average is the next major support level located at $0.58. For a long term stand point, I will be buying the first close over $1.00. For More Technical Analysis - Go Here

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AIG Stock Analysis March 30, 2009 3/30/09

The following is technical analysis on American International Group ( AIG ) stock for 3/30/09

AIG Support & Resistance Levels - March 30, 2009

Resistance Levels: $1.22, $1.25, $1.54, $2.00

Support Levels: $0.93, $0.75, $0.50

http://stockcharts.com - Chart

AIG failed to hold the 10 day moving average on a closing basis and is now testing the 50 day moving average. If this area ( currently 0.93 ) does not hold, AIG could be headed back to the $0.50-$0.75 range. On the upside, there will be resistance between $1.22-$1.25, a close above this area would be bullish and bring in additional buyers. The good news is AIG held the 50 day moving average on Friday!

For More Technical Analysis - Go Here

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BAC Stock Analysis 3/30/09 March 30 2009

The following is a Bank of America ( BAC ) stock technical analysis for March 30, 2009.

Bank of America Support & Resistance Levels - 3/30/09

Resistance Levels: $7.00, $7.50, $8.57

Support Levels: $5.95, $5.00

http://stockcharts.com

BAC stock continues to stay above the 10 day moving average, a very bullish and healthy sign. Any close below this level and Bank of America will retest the 50 day moving average. As long as a stock remains above the 50 day moving average, I will buy the pullbacks. Anything under the 50 day and I will be shorting it.

On the upside, if BAC trades back above $8, it will get my attention and I will be buying. A close above $8.57 would cause another break out toward the $10 level and possibly higher. Bottom Line: Pay attention to both moving averages and $8.00.

For More Technical Analysis - Go Here

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New 52 Week Highs March 27, 2009 3/27/09

Looking for companies that are displaying great strength and fundamentals? The following stocks hit a new 52 week high on Friday, 3/27/09.

New Stock 52 Week Highs - March 27th, 2009

Family Dollar Stores, Inc. ( FDO ) - $33.91
Hot Topic, Inc ( HOTT ) - $10.97
AsiaInfo Holdings, Inc ( ASIA ) - $17.52
TeleCommunication Systems, Inc ( TSYS ) - $10.05
American Italian Pasta Company ( AIPC ) - $35.50
ArcSight Inc ( ARST ) - $13.85
Central Garden & Pet Co ( CENT ) - $8.30
Theravance, Inc ( THRX ) - $18.52
Longtop Financial Technologies Limited ( LFT ) -$22.16

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Citigroup C Stock 3/30/09 March 30, 2009

The following is a little Citigroup ( C ) stock technical analysis for March 30, 2009.

Citigroup Support & Resistance Levels - 3/30/09

Resistance Levels: $2.77, $3.00, $3.35, $3.89

Support Levels: $2.54, $2.40, $2.00

http://stockcharts.com - Chart

After struggling the last few days to get back above $3.00, Citigroup stock has now closed back below both the 10 and 50 day moving averages. Although one day doesn't make a trend, it could be the start of one. Citi does have solid support at $2.40 so a close below that price would be very bearish and confirmation of another breakdown. $2.00 would be the next support level. A close back above $3.00 would be very bullish and I will even be a buyer. Keep an eye out for earnings coming April 17, 2009.

Something else to keep in mind, the last big down leg in the stock market started with Citigroup stock breaking down. It is unclear whether the market will continue to follow Citi's stock trend but this is the first sign of technical weakness I have seen over the past three weeks. It is definitely something to keep an eye on!

For More Technical Analysis - Go Here

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Top Stocks 2009 March 2009 Stock Gainers - Update

Below is an up to date list of the Top Stock Gainers so far in 2009. As a filter, only stocks with at least 50,000 in volume and over $2 per share price are included. Topping the list once again is Anady's Pharmaceuticals ( ANDS ). You can find my previous report - Right Here

Top Stocks List -2009 - March 30, 2009

#1 Anady's Pharmaceuticals ( ANDS ) - $7.01 Up 347% in 2009
#2 The Providence Service ( PRSC ) - $5.29 Up 272% in 2009
#3 DuPont Fabros Technology ( DFT ) - $6.48 Up 213% in 2009
#4 Palm ( PALM ) - $8.80 Up 187% in 2009
#5 Smith & Wesson Holding Corporation ( SWHC ) - $6.04 Up 166% in 2009
#6 MIPS Technologies ( MIPS ) - $2.92 Up 163% in 2009
#7 GT Solar International, Inc. ( SOLR ) - $6.64 Up 130% in 2009
#8 Osteotech, Inc. ( OSTE ) - $3.66 Up 117% in 2009
#9 Sprint ( S ) - $3.96 Up 116% in 2009
#10 Ivanhoe Mines Ltd ( IVN ) - $5.84 Up 116% in 2009
#11 Internet Gold Golden Lines ( IGLD ) - $4.87 Up 108% in 2009
#12 Richmont Mines Inc. ( RIC ) - $3.55 Up 106% in 2009
#13 MF Global ( MF ) - $4.20 Up 106% in 2009

You can see the full list of Biggest 2009 Stock Gainers Updated Daily - Right Here

Also, check out the Top Penny Stocks in 2009 - Right Here

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Stocks to Buy March 30, 2009 3/30/09

Friday, during regular trading hours, there were many stocks that continued to break out to the upside. Below is a list of stocks that are worth watching for March 30, 2009. Also, check out the Biggest Stock Gainers of the Day. You can also find previous stocks to buy reports - Right Here

Stocks to Watch - 3/30/09 - Stock Market Ideas

Financials: JP Morgan ( JPM ) CEO Jamie Dimon said in an interview on CNBC that March was a " little tougher " then previous months. Bank of America ( BAC ) CEO Ken Lewis said that their trading book was not as good as the first two months. These statements caused bank stocks to plunge late in the day. Financial Bear 3x ( FAZ ) spiked near $20, just shy of the high of the day. Financial Bull 3x ( FAS ) hit support of $6.27. These two stocks are awesome trading stocks! As long as the FAS continues to close over $6.00, I continue to buy the dips and sell the rips. If and when FAS closes above $7, the real fireworks will begin. Citigroup ( C ) was weak all day and is one of the first bank stocks to close under both the 10 & 50 day moving averages after the huge rally. If you are long FAZ, this is your first sign of weakness in the financials. The company that started this whole rally ( Citi ) is breaking down. Of course, one day doesn't make a trend....keep an eye on this situation.

Short ETF's: Since the market was down Friday, these short ETF's saw some nice money flowing into them. Keep in mind, all of these stocks are below their 10 day moving average so until this changes, be cautious. In addition to Financial Bear ( FAZ ), keep an eye on these short ETF's.

Small Cap Bear 3X Shares (TZA)
Energy Bear 3X Shares (ERY)
UltraShort Real Estate ProShares (SRS)
UltraShort Financials ProShares (SKF)
Large Cap Bear 3X Shares (BGZ)

Penny Stocks Gainers - The following Penny Stocks had a great day on Friday. These stocks not only had momentum, they had huge up volume. Keep an eye on these stocks on Monday.

Quantum (QTM)
Lundin Mining (LMC)
Spreadtrum Communications (SPRD)
La Jolla Pharmaceutical (LJPC)
XTL Biopharmaceuticals (XTLB)
ValueVision Media (VVTV)
Ballard Power Systems (BLDP)
Unisys Corporation (UIS)
KKR Financial Holdings (KFN)
Dynegy (DYN)

Stock Gainers Over $2 - The most impressive stock on Friday was Dryships ( DRYS ). After reporting worse then expected earnings last week, the stock continued the recent uptrend. A stock going up on bad news, we like that! Support at $4.50 held and now DRYS is testing the 50 day moving average. Drys stock was very strong despite a very weak stock market. I think a close over the 50 day moving average ( $6.10 ) should take it back into the $7.30-$9 trading range. Also, keep an eye on the following stocks that were breaking out Friday in a very tough stock market.

Consolidated Water (CWCO)
Clarient (CLRT)
SYNNEX (SNX)
Apollo Investment (AINV)
Barclays (BCS)
NovaGold Resources (NG)
Liz Claiborne (LIZ)
United Rentals (URI)
Plantronics (PLT)
Lloyds Banking Group (LYG)
Excel Maritime Carriers (EXM)
Mueller Water Products (MWA)
Waters (WAT)
Lululemon Athletica (LULU)

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