FAS - FAZ Stock Analysis April 27, 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 4/27/09. Knowing the support and resistance levels for FAS will help you trade FAZ.

Fas Support and Resistance Levels - April 27, 2009

Resistance Levels: $8.41, $10.05

Support Levels: $7.97, $7.00, $6.00

http://stockcharts.com - Chart

FAS closed back over the 10 day moving average Friday which is a bullish signal. If I trade FAS I will be using a stop at Friday's low of $7.97. FAS also has support at $7.02 and $7.00. A break below $7 from here on out would be a break down and $6 will be tested again. I plan to jump in FAZ if FAS breaks below $7.97. On the upside, FAS does not have much resistance until the $9.40-$9.50 area and then at the April high of $10.05. A close over $10.05 will spark a new break out so keep an eye on that level.

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Stocks to Buy April 27, 2009 4/27/09

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 April 27, 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 - 4/27/09 - Stock Market Ideas

Financials: Financial Bull ( FAS ) broke back up through $8 and closed at $8.41 which was the April 20 high. All signs point to more upside for FAS with a stop at $7.96. I will then be jumping back into Financial Bear ( FAZ ). Below is a list of other financial stocks I am watching.

Citigroup ( C )
Bank of America ( BAC )
Wells Fargo ( WFC )

Swine Flu: If you haven't heard, the swine flu has taken many lives and left even more sick in Mexico. There have even been some confirmed cases in the United States. Shares of Novavax, Inc. ( NVAX ) & BioCryst Pharmaceuticals, Inc ( BCRX ) soared on Friday and ran up even more in after hours trading. Keep an eye on these two stocks on Monday. Read this aricle. Both companies above have drugs to combat the avian flu virus. You can also add Generex Biotechnology Corp. (GNBT) to the list as well.

Other Stocks to Watch - 4/27/09

Hansen Medical, Inc (HNSN)
Ruth's Hospitality Group, Inc. (RUTH)
Wilmington Trust Corporation (WL)
Mohawk Industries, Inc (MHK)
NBTY, Inc (NTY)
Louisiana-Pacific Corporation (LPX)
Beazer Homes USA, Inc (BZH)
Solutia Inc. (SOA)
Riverbed Technology, Inc. (RVBD)
Cepheid (CPHD)
Boyd Gaming Corporation (BYD)
Informatica Corporation (INFA)
Eastman Chemical Company (EMN)
eFuture Information Technology Inc (EFUT)
American Express Company (AXP)
Las Vegas Sands Corp (LVS)
MGM MIRAGE (MGM)
Dendreon Corporation (DNDN)

Penny Stocks to Watch - April 27, 2009

StockerYale, Inc (STKR)
Dayton Superior Corporation (DSUP)
deCODE genetics, Inc (DCGN)
Netlist, Inc (NLST)
Rite Aid Corporation (RAD)
AVI BioPharma, Inc (AVII)
Syntroleum Corporation (SYNM)
Mesa Air Group, Inc. (MESA)
Hemispherx BioPharma, Inc (HEB)
Uranium Resources, Inc (URRE)
Altus Pharmaceuticals Inc (ALTU)
Power-One, Inc (PWER)

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Dow Jones Analysis 4/27/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 4/27/09

Dow Jones Support & Resistance Levels - April 27, 2009

Resistance Levels: 8000, 8190.66, 8300, 8500

Support Levels: 7957, 7750, 7550

http://stockcharts.com/ - Chart

Stock Market Futures

The Dow Jones closed back over 8000 and the 10 day moving average proving once again there is still juice left in this market. The Dow is pressing up against the downtrend line and is trying the break out above it. Next week will be a big test as we will either break up through this level and hold it or continue to trend along down with it. A nice base has formed around 7750, any break below this level would be viewed as bearish. I feel the shorts would then come back on the attack again. I feel once the stress test results are released the market is going to move big one way or the other..stay tuned!

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Dow Jones Close 4/24/09 Stock Market Closing Prices

Stock Market Closing Prices - 4/24/09

Dow Jones Industrial Average ( DJIA ) Close - 8076.29 Up 119.23
Nasdaq Stock Market Close - 1694.29 Up 42.08
S&P 500 Close - 866.22 Up 14.30
http://dowjonesclose.com

Libor Rates - 4/24/09 - Mortgage Rates

Commodities Closing Prices - 4/24/09

Gold - 914.30
Oil - 51.37
Natural Gas - 3.30

The Dow Jones Industrial Average closed at 8076 on 4/24/09, as the stock market went up on better then expected new homes sale data as well as details of the bank stress test. The Dow Jones Futures started the day higher as Ford ( F ) released earnings. The stock market rallied at the open and never looked back until immediately after the stress test details were released where the Dow went from Up 120 to only Up 55. One thing I noticed was Apple ( AAPL ) stock very weak as the overall stock market was rising. At 3:15pm Est, AAPL was breaking through the lows of the day as the Nasdaq hit 1700.

As far as stock market technicals go, the Dow is at the high end of the recent range ( 7750-8200 ). A break above 8190 could set up the spike to 8300-8500. 7750 has been a solid support level over the past 3 months, if this level is closed below, it will be your first major sign of weakness. The S&P 500 has support at 825-835, a close below that range and I think the 780 could get tested. On the upside, 900 is not out of the question but I just can't see it holding 900 for very long. Next week will be another busy earnings week as some of the big energy companies are due to report. Of course, look for the results of the Bank Stress Test to be released on May 4th, 2009.

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

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Stock Market April 27, 2009 4/27/09

The Stock Market rallied big on Friday as the stress test parameters were released as well as better then expected new home sales data. These two news items will carry into trading on Monday. Financial Bull 3x ( FAS ) stock went back into the $8.00's and appears to be wanting to go higher.

Auto Bankruptcy: There has been chatter about Chrysler possibly going into bankruptcy soon as a test before a possible General Motors ( GM ) bankruptcy. This is a story you will want to watch daily for the next few months. Ford ( F ) released earnings on Friday and appears to be doing better then expected!

Stock Market April 27, 2009

Earnings Reports due out in the Morning:


Valero Energy VLO 4/27 8am .50EPS

Verizon VZ 4/27 8am .59EPS

Economic Data: None

Baidu BIDU 4/27 4pm .74EPS

Southwestern Energy SWN 4/27 4pm -.20EPS


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

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Mortgage Rates Today 4/24/09 April 24, 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 4.750% 4.960%
20-Year Fixed 5.000% 5.289%
15-Year Fixed 4.625% 4.989%
5-Year ARM 4.125% 4.327%

For Previous Mortgage Rates - Click Here

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Biggest Stock Gainers 4/24/09 April 24, 2009

Today, April 24, 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

Top Stocks 4/24/09 - Biggest Gainers Today

Ford Motor Co. (F) - $5.18 Up 15.37% - Ford stock back over $5 - Ford CFO says sees lower cash burn through year

Mohawk Industries Inc. (MHK) - $46.99 Up 24.25% - MHK upgraded.

NBTY, Inc. (NTY) - $23.80 Up 26.60% - NTY reports earnings and gets an upgrade.

Wilmington Trust Corporation (WL) - $13.76 Up 28.00%

Ruth's Hospitality Group Inc. (RUTH) - $2.65 Up 26.19% - No News

The Cheesecake Factory Incorporated (CAKE) - $17.97 Up 20.51% - Cheesecake Factory profit beats, shares up

Other Stock Gainers:

Riverbed Technology, Inc. (RVBD)
Informatica Corp. (INFA)
CBL & Associates Properties Inc. (CBL)
Starent Networks, Corp. (STAR)
Cepheid (CPHD)
Align Technology Inc. (ALGN)
PMC-Sierra Inc. (PMCS)

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Hot Penny Stocks 4/24/09 April 24, 2009

Today, 4/24/09, 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 24, 2009

deCODE genetics Inc. (DCGN) - $0.72 Up 67.74% - deCODE and Celera Partner to Expand Use of deCODE Risk Markers for Heart Attack, Stroke and Diabetes - Was $0.25 yesterday morning!

Dayton Superior Corporation (DSUP) - $0.235 Up 54.77% - Dayton Superior Receives Interim Court Authorization to Draw on $165 Million DIP Credit Facility

Mesa Air Group Inc. (MESA) - $0.20 Up 25.00% - No News

ICO Global Communications (Holdings) Ltd. (ICOG) - $0.66 Up 20.05% - No News

Rite Aid Corp. (RAD) - $0.89 Up 34.18% - No News

Syntroleum Corp. (SYNM) - $1.73 Up 16.11% - Syntroleum Announces First Quarter 2009 Financial Results

Converted Organics Inc (COIN) - $0.92 Up 17.99% - Converted Organics Debenture Note Holder Converts Remaining Debt Position to Common Stock. This is some nice news!

Eddie Bauer Holdings, Inc. (EBHI) - $0.41 Up 11.50% - No News

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Baltic Dry Index Shipping Rates 4/24/09 BDI

The following is a report on Dry Bulk Shipping Rates for 4/24/09. 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 24, 2009 - Down 1 Straight Day

Baltic Dry Index ( BDI ) - 1873 Down 24
Baltic Cape Index ( BCI ) - 2494 Down 45
Baltic Panamax Index ( BPI ) - 1662 Down 81
Supramax Index ( BSI ) - 1435 Up 39
Past Bulk Shipping

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1 and 3 Month Libor Rates - 4/24/09 - Today's Libor Rates

It seems as though everyone is watching Libor rates these days. Today's Libor Rates for 4/24/09, are: 1 Month Libor Rate - 0.435%. & 3 Month Libor Rate - 1.073%. The overnight Libor rate is 0.205%. As you can see, Libor Rates have changed today, April 24, 2009.
The 1 & 3 month libor rates fell while the overnight libor went up.

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

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