FAS - FAZ Stock Analysis April 21, 2009

The Direxion Financial Bull 3X Shares ETF ( FAS ) and the Direxion Financial Bear 3X Shares ETF ( FAZ ) have been very active over the past six months. The following is technical analysis on Financial Bull ( FAS ) for 4/21/09. Knowing the support and resistance levels for FAS will help you trade FAZ.

Fas Support and Resistance Levels - April 21, 2009

Resistance Levels: $7.00, $8.00 $8.41, $10.05

Support Levels: $6.23, $5.86, $5.10, $5.00

http://stockcharts.com - Chart

FAS stock crashed below the 10 day moving average today similar to the down move in late March when FAS went under $5. The only difference is FAS is trading above the 50 day moving average and a close below this level on Tuesday would be very bearish. I will be watching $6.23 very closely as a close below this level could spark some additional sell pressure. The next level of support for FAS would be the early April low of $5.86. At one of these two levels, I expect a snap back rebound rally which I will be actively buying FAS for the bounce. Fas was just in the $9 on Friday.

As far as FAZ goes, if FAS closes under the 50 day moving average you will see traders really start to buy the FAZ as protection on their other investments. I am waiting for a close above $12.15 before i'd start to feel comfortable holding FAZ overnight. For traders, FAS and FAZ are the two best ETF's to trade in the stock market. For More Technical Analysis - Go Here

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Dow Jones Futures 4/21/09 Stock Market Futures

How will the stock market open on Tuesday - April 21, 2009? The Dow Jones and Stock Market Futures are pointing toward a lower open for pre market. Check out technical analysis for April 21.

Stock Market Futures 4/21/09 - Pre Market Trading - Updated 7:15am EST

Dow Jones Futures - Down 63
S&P 500 Futures - Down 5.60
Nasdaq Futures - Down 3.25
Nikkei - 8711 Down 213
Oil Futures - 45.35
Gold Futures - 891.20

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Dow Jones Analysis 4/21/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 4/21/09

Dow Jones Support & Resistance Levels - April 21, 2009

Resistance Levels: 8000, 8190

Support Levels: 7750, 7550

http://stockcharts.com/ - Chart

Stock Market Futures

The Dow Jones closed below the 10 day moving average and also closed at the lows. The next level of support I am looking at is 7750 which held several times in March and April. If this 7750 level does not hold on a closing basis, I feel the 50 day moving average will be retest at 7536. On the upside, 8000 is now resistance and I would be a seller at this level going forward.

For More Technical Analysis - Go Here

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Dow Jones Close 4/20/09 Stock Market Closing Prices

Stock Market Closing Prices - 4/20/09

Dow Jones Industrial Average ( DJIA ) Close - 7841.73 Down 289.60
Nasdaq Stock Market Close - 1608.21 Down 64.86
S&P 500 Close - 832.41 Down 37.19
http://dowjonesclose.com

Libor Rates - 4/20/09 - Mortgage Rates - 4/20/09


Commodities Closing Prices - 4/20/09

Gold - 884.50
Oil - 45.77
Natural Gas - 3.54

The Dow Jones Industrial Average closed at 7842 on 4/20/09, as the stock market went down on profit taking, weak financial stocks, and the fear that the Government is going to try to convert warrants into common shares of some of the distressed banks.

Wall Street woke up to the Dow Jones Futures significantly lower on bank nationalization fears. If the Government takes a bigger stake in these banks, some could argue this would be nationalizing the banks through their back doors. Citigroup ( C ) was down big today on this news.

The stock market made a steady decline all day long with minor bounce attempts at 11:15am EST and 1:30pm EST. These bounce attempts were sold resulting in fresh lows being made. I continue to watch the Financial Bull 3x ( FAS ) as it is rapidly approaching a major support at $6.25. Ok, let me stress that again, MAJOR support level. If $6.25 fails, you could see some panic selling start to set in. Keep in mind, FAS stock has quadrupled in the past 6 weeks. We will get some big earnings reports out this week such as IBM, Apple, Boeing, Ebay, Yahoo, Caterpillar, Wells Fargo, Amazon, Microsoft. Buckle Up! Check out my stocks to watch report for Tuesday.

I will also have technical analysis of the stock market tonight - Right Here

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Stocks to Buy April 21, 2009 4/21/09

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 April 21, 2009. Also, check out the Biggest Stock Gainers of the Day. You can also find previous stocks to buy reports - Right Here

International Business Machines Corp. (IBM) Earnings April 20, 2009 - 4pm EST
Caterpillar (CAT) Earnings April 21, 2009 - 8am EST

Stocks to Watch - 4/21/09 - Stock Market Ideas

Financials: The Financial sector was hit hard as investors sold shares of Citigroup ( C ) and Bank of America ( BAC ) after B of A's earnings turned out to be from one time gains. On Friday, I said I am not buying Financial Bull 3x ( FAS ) above $9.00 when it was trading around $9.40 per share. In one trading session, FAS has come down $2.00 per share to trade around $7.40. FAS is now trading below the 10 day moving average which is very bearish and it looks like we may get a retest of the 50 day moving average of around $6.25. I will wait this out over the next few days. A lot will ride on the busy week of earnings reports ahead of us this week. The Financial Bear 3x ( FAZ ) is a great stock to trade on any stock market weakness.

Short ETF's: In addition to the Financial Bear 3X ( FAZ ) short ETF mentioned above, here is a list of short ETF's that were on fire Monday. I will be watching these stocks closely!

ProShares UltraShort Real Estate ( SRS )
ProShares UltraShort Financials ( SKF )
Direxion Small Cap Bear 3X Shares ( TZA )
Direxion Energy Bear 3X Shares ( ERY )
PowerShares DB Crude Oil Double Short ETN ( DTO )
Direxion Large Cap Bear 3X Shares ( BGZ )
ProShares UltraShort DJ-AIG Crud Oil ETF ( SCO )
ProShares UltraShort QQQ ( QID )

Stock Gainers to Watch Tuesday: Despite the stock market downturn on Monday, these stocks were on fire!

Superconductor Technologies, Inc. ( SCON )
Randgold Resources Ltd. (ADR) ( GOLD )
Dendreon Corporation ( DNDN )

Penny Stocks to Watch - Tuesday

NetSol Technologies Inc. ( NTWK )
Autobytel Inc. ( ABTL )
Regent Communications ( RGCI )
Bionovo Inc. ( BNVI )
Conexant Systems, Inc. ( CNXT )
Cell Genesys, Inc. ( CEGE )
Westell Technologies Inc. ( WSTL )
deCODE genetics, Inc. ( DCGN )
Insmed Incorporated ( INSM )
Antigenics, Inc. ( AGEN )
Sirius XM Radio Inc. ( SIRI )

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Stock Market April 21, 2009 4/21/09

The Stock Market was in sell off mode Monday as financials led the downdraft. Stocks such as Citigroup ( C ) and Bank of America ( BAC ) were hit hard. The financial bull 3x ( FAS ) tumbled below the 10 day moving average of $8.08. This is a key level I will be watching over the next several days. Below is a list of news events to watch in the stock market for Tuesday, April 21st.

Stock Market April 21, 2009

Earnings Reports due out in the Morning:


Brinker EAT 4/21 8am .29EPS

Bank of New York BK 4/21 8am .64EPS

Caterpillar CAT 4/21 8am .10EPS

Dupont DD 4/21 8am .54EPS

Huntington Bancshares HBAN 4/21 8am -.08EPS

Merck MRK 4/21 8am .77EPS

Schering-Plough SGP 4/21 8am .47EPS

State Street STT 4/21 8am 1.05EPS

Coca-Cola KO 4/21 8am .65EPS

Economic Data: None!


Advanced Micro Devices AMD 4/21 4pm -.66EPS

Broadcom BRCM 4/21 4pm .02EPS

Capital One COF 4/21 4pm .06EPS

Norfolk Southern NSC 4/21 4pm .55EPS

San Disk SNDK 4/21 4pm -.73EPS


I will post my stocks to watch list later today, Right Here

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Biggest Stock Gainers 4/20/09 April 20, 2009

Today, April 20, 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


Superconductor Technologies Inc. (SCON) - $2.39 Up 56.00% - No News

Direxion Financial Bear 3X Shares (FAZ) - $10.43 Up 17.14% - FAZ is ripping higher as the financials get hit hard on Bank of America's ( BAC ) earnings report. If you take two one time gains out, BAC actually came near break even. Things are still pretty bad for the company. FAS is also breaking down through the 10 day moving average which is causing more upside in FAZ shares.

Other Short ETF's moving higher today:

Direxion Small Cap Bear 3X Shares (TZA)
UltraShort Financials ProShares (SKF)
UltraShort Basic Materials ProShares (SMN)
PowerShares DB Crude Oil Dble Short ETN (DTO)

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Mortgage Rates Today 4/20/09 April 20, 2009

Housing Bottom? One of the things I watch for regarding a possible housing bottom are daily mortgage rates. Below is list of Today's Mortgage Rates out of Wells Fargo.


Loan Type Interest Rate APR

40-Year Fixed 6.500% 6.700%
30-Year Fixed 4.875% 5.086%
20-Year Fixed 5.000% 5.289%
15-Year Fixed 4.625% 4.989%
5-Year ARM 4.125% 4.407%

For Previous Mortgage Rates - Click Here


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Hot Penny Stocks 4/20/09 April 20, 2009

Today, 4/20/09, 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 - April 20, 2009

Superconductor Technologies Inc. (SCON) - $2.45 Up 60% - No News

NetSol Technologies Inc. (NTWK) - $0.60 Up 36.34% - No News

Conexant Systems Inc. (CNXT) - $1.61 Up 26.77% - Earnings April 30, 2009

Autobytel Inc. (ABTL) - $0.37 up 23.33% - Trilogy Enterprises Announces Cash Tender Offer for Autobytel at $0.35 Net per Share - ABTL stock is trading above the tender so investors are betting this offer will be raised.

SIRIUS XM Radio Inc. (SIRI) - $0.57 Up 14.00% - SIRI stock is breaking out on technicals - refer to my previous post.

Cell Genesys, Inc. (CEGE) - $0.54 Up 10.37% - CEGE rising as DNDN stock rips higher

Quantum Corp. (QTM) - $1.37 Up 8.73% - No News, but QTM is on the Top Penny Stocks in 2009 list.

Bionovo Inc. (BNVI) - $0.48 Up 26.32% - Bionovo Announces Publication of Data on Active Compound and Mechanism of Action for Its Preclinical Cancer Treatment, BN108

Basin Water Inc. (BWTR) - $0.54 Up 22.86% - No News

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Baltic Dry Index Shipping Rates 4/20/09 BDI

The following is a report on Dry Bulk Shipping Rates for 4/20/09. 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 - April 20, 2009 - Up 6 Straight Days


Baltic Dry Index ( BDI ) - 1737 Up 55
Spot 4 - TC Average - 21151 Up 1000
Baltic Cape Index ( BCI ) - 2285 Up 76
Baltic Panamax Index ( BPI ) - 1612 Up 55
Supramax Index ( BSI ) - 1279 Up 38
Past Bulk Shipping


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Stock Market News April 20, 2009 4/20/09

This morning, 4/20/09, there are several news events that are causing the stock market futures to trade lower as we start one of the busiest weeks for earnings.

Stock Market News - April 20, 2009

Bank Nationalization: US May Convert Banks' Bailouts to Equity Share - Top story of the day in my opinion...futures are tanking on this news!

Bank of America ( BAC ) - BAC reports earnings of .44 cents per share. B of A stock is dropping on this earnings news as investors sell the news.

TARP Repayment: U.S. to put conditions on TARP repayment: report

Jack Bouroudjian, CNBC - Jack Bouroudjian came on CNBC this morning and stated that after he predicted the latest jaw dropping rally, it is time to go back and retest the lows in the next 6 weeks. Jack is one of the few traders I follow out there in Wall Street. Bouroudjian has been spot on over the past year. Art Cashin also said on Friday that he sees a strong pullback coming in the markets. I will be watching 8000 on the Dow closely!

Oracle ( ORCL ) - Sun Micro ( SUNW ) - Oracle to buy Sun Micro for $9.50/share

Stocks to Watch Today -Right Here

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1 and 3 Month Libor Rates - 4/20/09 - Today's Libor Rates

It seems as though everyone is watching Libor rates these days. Today's Libor Rates for 4/20/09, are: 1 Month Libor Rate - 0.443%. & 3 Month Libor Rate - 1.101%. The overnight Libor rate is 0.223%. As you can see, Libor Rates have changed today, April 20, 2009. All three Libor rates fell today.

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

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