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.

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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

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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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