How will the stock market open on Wednesday - March 4, 2009? The Dow Jones and Stock Market Futures are pointing toward a higher open for pre market Check out technical analysis for March 4th.
Stock Market Futures 3/4/09 - Pre Market Trading - Updated 9:05am Est
Dow Jones Futures - Up 98
S&P 500 Futures - Up 10
Nasdaq Futures - Up 8
Nikkei - 7290 Up 61
Oil Futures - $43.93
Gold Futures - $917
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index
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Tuesday, March 3, 2009
Dow Jones Analysis 3/4/09 Stock Market Analysis
The following is Technical Analysis for the Dow Jones ( DJIA ) for 3/4/09Dow Jones Support & Resistance Levels - March 4, 2009
Resistance Levels: 7000, 7150, 7449, 7500, 7552
Support Levels: 6700, 6500, 6350
http://stockcharts.com/ - Chart
The Dow Jones broke another 52 week low today and had a horrible final hour like the past 3 trading sessions. I am actually going to get long this market when we have a decent close for once. I feel a bounce is soon in the cards and it could be a significant one. We haven't been this oversold since the previous bottom in November. If you want to take less risk, wait until we have a close back over 7000 and use the 7000 as a stop. The 10 day moving average is something else to watch for a close over. These will be a sign that the market is improving.
For More Technical Analysis - Go Here
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Nasdaq Analysis 3/4/09 March 4, 2009
The following is Technical Analysis for the Nasdaq ( NAS ) for 3/4/09Nasdaq Support & Resistance Levels - March 4, 2009
Resistance Levels: 1350, 1372, 1403, 1456, 1500, 1526
Support Levels: 1316, 1295
http://stockcharts.com - Chart
The Nasdaq managed to remain over the closing low of 1316 today but is showing signs of weakness in after hours tonight. Tonight in after hours we had negative comments from the Google CEO and a warning from Palm. Support continues to be at 1295 but if that level is broken, things could get ugly. On the upside, a break above 1350 could produce a nice rally. Tomorrow will be a critical for the Nasdaq. For More Technical Analysis - Go Here
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Dow Jones Close 3/3/09 - Stock Market Closing Prices
Stock Market Closing Prices - 3/3/09
Dow Jones Industrial Average ( DJIA ) Close - 6726.02 Down 37.27
Nasdaq Stock Market Close - 1321.01 Down 1.84
S&P 500 Close - 696.33 Down 4.49
http://dowjonesclose.com
Libor Rates - 3/03/09
Commodities Closing Prices - 3/3/09
Gold - 913.60
Oil - 41.21
Natural Gas - 4.29
The Dow Jones Industrial Average closed at 6726 on 3/3/09, as the stock market went down again. The Dow Jones Futures started the day higher and after opening in the green, the Dow Jones and Stock Market average went into the red. The S&P 500 sunk to a new 52 week low of 692.30. The major averages fluctuated all day between red and green but as soon as General Motors Auto Sales were released ( down 52.9% ) the market hit new highs. This is a horrible number but was better then I expected. Ben Bernanke and Timothy Geithner spoke at separate hearings in Washington and I must say Mr Geithner was solid today. He really presented himself and answered questions well.
At about 3:15pm est, the Rating Agency S&P downgraded their rating on Bank of America to A from A+. They also cited a negative outlook. This news sent the stock market into the red once again and took Bank of America BAC stock with it. In the last ten minutes of trading, stocks tried to go back into positive territory as Carter Worth came on CNBC and said we probably won't see an additional leg down in the market. Carter will be on Fast Money tonight at 5pm. He is a great technician!
The price of Gold took another nose dive today as it hit the $915 level. On the other hand, Oil prices rose to around $41.20 per barrel. Natural gas broke out of a recent downtrend spiking in the $4.30's. I will have full technical analysis tonight - Right Here
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Dow Jones Industrial Average ( DJIA ) Close - 6726.02 Down 37.27
Nasdaq Stock Market Close - 1321.01 Down 1.84
S&P 500 Close - 696.33 Down 4.49
http://dowjonesclose.com
Libor Rates - 3/03/09
Commodities Closing Prices - 3/3/09
Gold - 913.60
Oil - 41.21
Natural Gas - 4.29
The Dow Jones Industrial Average closed at 6726 on 3/3/09, as the stock market went down again. The Dow Jones Futures started the day higher and after opening in the green, the Dow Jones and Stock Market average went into the red. The S&P 500 sunk to a new 52 week low of 692.30. The major averages fluctuated all day between red and green but as soon as General Motors Auto Sales were released ( down 52.9% ) the market hit new highs. This is a horrible number but was better then I expected. Ben Bernanke and Timothy Geithner spoke at separate hearings in Washington and I must say Mr Geithner was solid today. He really presented himself and answered questions well.
At about 3:15pm est, the Rating Agency S&P downgraded their rating on Bank of America to A from A+. They also cited a negative outlook. This news sent the stock market into the red once again and took Bank of America BAC stock with it. In the last ten minutes of trading, stocks tried to go back into positive territory as Carter Worth came on CNBC and said we probably won't see an additional leg down in the market. Carter will be on Fast Money tonight at 5pm. He is a great technician!
The price of Gold took another nose dive today as it hit the $915 level. On the other hand, Oil prices rose to around $41.20 per barrel. Natural gas broke out of a recent downtrend spiking in the $4.30's. I will have full technical analysis 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 3/3/09 March 3, 2009
Today, March 3, 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 3/3/09 - Biggest Gainers Today
Bruker ( BRKR ) - $4.74 Up 32.90% - BRKR beats earnings by .06, also beats on Revenue
PDL Biopharma ( PDLI ) - $6.30 Up 12.70% - PDL BioPharma swings to Q4 profit on royalties
Bank of America ( BAC ) - $3.89 Up 6% - B of A is getting a nice bounce today.
A B M Industries ( ABM ) - $14.39 Up 22% - ABM rises on better then expected earnings.
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index
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Hot Stocks 3/3/09 - Biggest Gainers Today
Bruker ( BRKR ) - $4.74 Up 32.90% - BRKR beats earnings by .06, also beats on Revenue
PDL Biopharma ( PDLI ) - $6.30 Up 12.70% - PDL BioPharma swings to Q4 profit on royalties
Bank of America ( BAC ) - $3.89 Up 6% - B of A is getting a nice bounce today.
A B M Industries ( ABM ) - $14.39 Up 22% - ABM rises on better then expected earnings.
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index
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Hot Penny Stocks 3/3/09 March 3, 2009
Today, 3/3/09, 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 yesterday's Penny Stock Report Here
Penny Stock Gainers - March 3, 2009
Ambac Financial ( ABK ) - $0.62 Up 8% - Ambac Announces Appointment of Gregory Raab as Chief Risk Officer.
Verenium ( VRNM ) - $0.37 Up 19.3% - No news on VRNM, oversold bounce.
Jones Soda ( JSDA ) - $1.25 Up 18% - Jones Soda JSDA schedules earnings date for March 2009.
Other Top Penny Stocks - CEM, PWAV,GNBT, WSTM
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index
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Penny Stock Gainers - March 3, 2009
Ambac Financial ( ABK ) - $0.62 Up 8% - Ambac Announces Appointment of Gregory Raab as Chief Risk Officer.
Verenium ( VRNM ) - $0.37 Up 19.3% - No news on VRNM, oversold bounce.
Jones Soda ( JSDA ) - $1.25 Up 18% - Jones Soda JSDA schedules earnings date for March 2009.
Other Top Penny Stocks - CEM, PWAV,GNBT, WSTM
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index
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Baltic Dry Index Shipping Rates 3/3/09 BDI
The following is a report on Dry Bulk Shipping Rates for 3/3/09. 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 3, 2009 - Up 3 Straight Days
Baltic Dry Index ( BDI ) - 2034 Up 20
Spot 4 - TC Average - 28796 Down 763
Baltic Cape Index ( BCI ) - 2862 Down 56
Baltic Panamax Index ( BPI ) - 1720 Up 95
Supramax Index ( BSI ) - 1585 Up 16
Past Bulk Shipping Rates
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http://dryindex.com/
Dry Bulk Shipping Rates - March 3, 2009 - Up 3 Straight Days
Baltic Dry Index ( BDI ) - 2034 Up 20
Spot 4 - TC Average - 28796 Down 763
Baltic Cape Index ( BCI ) - 2862 Down 56
Baltic Panamax Index ( BPI ) - 1720 Up 95
Supramax Index ( BSI ) - 1585 Up 16
Past Bulk Shipping Rates
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Bank Stocks 3/3/09 March 3, 2009 - Citigroup
Today, 3/3/09, the bank stocks are higher in pre market as Citigroup will lower payments on some mortgages.
Banking Stock Update - March 3, 2009 - Pre Market
Citigroup ( C ) - $1.27 Up 5.84% - Citigroup to lower mortgage payments for some homeowners that are out of work.
Fifth Third Bancorp ( FITB ) - $1.87 Up 5.54% - FITB continues to shine over the past week despite banking weakness. They are expected to benefit from the bank stress test coming next month.
Bank of America ( BAC ) - $3.83 Up 5.24% - BofA's Lewis: Merrill TARP funds a 'tactical mistake'
Wells Fargo ( WFC ) - $11.47 Up 5.81% - John Najarian came on CNBC yesterday afternoon and said he expects to see WFC jump back into the mid - high teens when these bank stocks start to recover. He feels the sell off has been overdone.
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Banking Stock Update - March 3, 2009 - Pre Market
Citigroup ( C ) - $1.27 Up 5.84% - Citigroup to lower mortgage payments for some homeowners that are out of work.
Fifth Third Bancorp ( FITB ) - $1.87 Up 5.54% - FITB continues to shine over the past week despite banking weakness. They are expected to benefit from the bank stress test coming next month.
Bank of America ( BAC ) - $3.83 Up 5.24% - BofA's Lewis: Merrill TARP funds a 'tactical mistake'
Wells Fargo ( WFC ) - $11.47 Up 5.81% - John Najarian came on CNBC yesterday afternoon and said he expects to see WFC jump back into the mid - high teens when these bank stocks start to recover. He feels the sell off has been overdone.
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index
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Stock Market 3/3/09 March 3, 2009 Dow Jones Report
The Stock Market Futures are indicated higher in pre market today, March 3rd, 2009. After Asian Market hit fresh lows last night they began to bounce. The Nikkei 225 index was only down 50 points. The Reserve Bank of Australia was expected to slash interest rates but they ended up keeping rates the same. This is viewed as very good news for the world markets, or atleast down in Australia.
Pre Market so far indicates that bank stocks are going to get a bounce today. Citigroup is back to $1.34 Up 11% and Bank of America is up 5%. Keep in mind, this can all change very quickly!
This afternoon Auto Sales come out for the big 4 auto makers which includes Toyota. Sales are supposed to be horrible but for the most part they are already priced in.
Gold is falling again to support of around $925, the next support level for Gold Prices would be around the 875 area. Oil is rising to around $41 after falling hard yesterday. Oil was actually trading around $39.50 last night at one point.
The biggest events besides auto sales today will be separate hearings, in Washington, from Timothy Geithner and Ben Bernanke. The market could move on things that they say or new information revealed.
Check out my technical analysis of the stock market for support levels and resistance levels.
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Pre Market so far indicates that bank stocks are going to get a bounce today. Citigroup is back to $1.34 Up 11% and Bank of America is up 5%. Keep in mind, this can all change very quickly!
This afternoon Auto Sales come out for the big 4 auto makers which includes Toyota. Sales are supposed to be horrible but for the most part they are already priced in.
Gold is falling again to support of around $925, the next support level for Gold Prices would be around the 875 area. Oil is rising to around $41 after falling hard yesterday. Oil was actually trading around $39.50 last night at one point.
The biggest events besides auto sales today will be separate hearings, in Washington, from Timothy Geithner and Ben Bernanke. The market could move on things that they say or new information revealed.
Check out my technical analysis of the stock market for support levels and resistance levels.
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
1 and 3 Month Libor Rates - 3/3/09 - Today's Libor Rates
It seems as though everyone is watching Libor rates these days. Today's Libor Rates for 3/3/09, are: 1 Month Libor Rate - 0.508% & 3 Month Libor Rate - 1.271%. The overnight Libor rate is 0.318%. As you can see, Libor Rates have changed today, March 3rd, 2009. All three Libor rates went higher.
Here are Previous Libor rates. You can also compare Libor Rates to how the Dow Jones traded.
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Here are Previous Libor rates. You can also compare Libor Rates to how the Dow Jones traded.
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
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