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

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