Dow Jones Analysis 5/18/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 5/18/09

Dow Jones Industrial Average Support & Resistance Levels - May 18, 2009

Resistance Levels: 8410, 8500, 8588, 8742

Support Levels: 8000, 7750

http://stockcharts.com/ - Chart

Stock Market Futures

The Dow Jones tested the 10 day moving average early in the trading day on Friday but failed again. This is something to keep a close eye on as we may be setting up for a move lower. It is to early to tell yet where the next big move is but the uptrend is still intact from the March lows. A break below 8000 would be very concerning at this point and a retest of 7750 would be in the cards. I will be buying any pullback to the 50 day moving average if it is retested. On the upside, the run to 9000 will begin as soon as we close over 8588. For More Technical Analysis - Go Here

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Top Stocks 2009 May 2009 Stock Gainers

Below is the list of the Top Stock Gainers so far in 2009. As a filter, only stocks with at least 50,000 in volume and over $2 per share price are included. Topping the list in May is Vanda Pharmaceuticals, Inc. (VNDA). You can find my previous report - Right Here

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Top 20 Stocks -2009 - as of May 18, 2009

#1 Vanda Pharmaceuticals Inc ( VNDA ) - $11.22 Up 2144% in 2009
#2 The Providence Service ( PRSC ) - $11.72 Up 709% in 2009
#3 LodgeNet Interactive Corp ( LNET ) - $4.80 Up 586% in 2009
#4 Borders Group, Inc. ( BGP ) - $2.18 Up 445% in 2009
#5 Virgin Mobile USA, Inc. ( VM ) - $3.85 Up 358% in 2009
#6 Tree.com Inc ( TREE ) - $11.77 Up 352% in 2009
#7 Dendreon Corporation ( DNDN ) - $20.52 Up 348% in 2009
#8 APAC Customer Services, Inc. ( APAC ) - $5.41 Up 341% in 2009
#9 Avis Budget Group Inc. ( CAR ) - $3.11 Up 344% in 2009
#10 Dollar Thrifty Automotive Group, Inc ( DTG ) - $4.78 Up 339% in 2009
#11 Fortress Investment Group LLC ( FIG ) - $4.25 Up 325% in 2009
#12 American Technology Corp. ( ATCO ) - $2.27 Up 313% in 2009
#13 Valassis Communications, Inc. ( VCI ) - $5.21 Up 295% in 2009
#14 Ruby Tuesday, Inc ( RT ) - $6.02 Up 286% in 2009
#15 O'Charley's Inc. ( CHUX ) - $7.65 Up 273% in 2009
#16 Oncothyreon Inc. ( ONTY ) - $2.98 Up 273% in 2009
#17 Isle of Capri Casinos ( ISLE ) - $11.86 Up 271% in 2009
#18 Palm, Inc ( PALM ) - $11.30 Up 268% in 2009
#19 DuPont Fabros Technology, Inc ( DFT ) - $7.50 Up 262% in 2009
#20 Cott Corporation (USA) ( COT ) - $4.45 Up 248% in 2009

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Dow Jones Close 5/15/09 - Stock Market Closing Prices

Stock Market Closing Prices - 5/15/09

Dow Jones Industrial Average ( DJIA ) Close - 8268.64 Down 62.98
Nasdaq Stock Market Close - 1680.14 Down 9.07
S&P 500 Close - 882.88 Down 10.12
http://dowjonesclose.com/

Libor Rates - 5/15/09 - Mortgage Rates

Commodities Closing Prices - 5/15/09

Gold - 931.90
Oil - 56.68
Natural Gas - 4.11

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The Dow Jones Industrial Average closed at 8269 on 5/15/09, as the stock market continued the downward move after a slight bounce on Thursday. The Dow Jones Futures were lower in pre market but stocks bounced right after the open. The stock market then reversed downward during the afternoon before bouncing back in the final hour. The volume was very light but it was clear that the financials led the market lower. Looking back at this past week, we received a worse then expected retail sales figure and a higher then expected initial jobless claims number. Investors could be simply selling into the recent strong rally.

I will be watching the Housing Starts and Building Permits data that comes out on Tuesday. This will surely be a market moving event.

Check out my stocks to watch report for Monday. I will also have technical analysis of the stock market tonight - Right Here

Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index

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Stocks to Buy May 18, 2009 5/18/09

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 May 18, 2009. Also, check out the Biggest Stock Gainers of the Day. You can also find previous stocks to buy reports - Right Here

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Stocks to Watch - 5/18/09 - Stock Market Ideas

Financials: The financials bounced on Thursday but resumed their weakness on Friday. There haven't been many trading opportunities over the past week but this could all change as we enter a new week starting on May 18th. Below is a list of bank stocks I am watching.

Direxion Financial Bear 3X Shares (NYSE: FAZ)
Direxion Financial Bull 3X Shares (NYSE: FAS) - Check out my FAS Chart for 5.18.09

Citigroup Inc (C:NYSE) - Check out my Citigroup Chart for 5.18.09

Bank of America Corp. (NYSE:BAC) - BAC stock is hovering in the $10's and is now trading $1 below the 10 day moving average. The trade seems to be buy the dips and sell or go short right near the 10 day moving average. Also - Temasek sells entire stake in BofA

Wells Fargo & Company (NYSE:WFC) - WFC stock is holding strong over $24 still. Guy Adami said on Fast Money he thinks $22 would be a strong buy if Wells Fargo trades down that low.

DryShips Inc. ( DRYS ) - DRYS broke out to the upside on Friday stopping short of the $7.62 low from May 8th. $7.62 is a resistance level to watch going forward. I will be going long on a close above this level or a retracement back to around $5.40-$5.60.

Cell Therapeutics, Inc. ( CTIC ) - I tried to get in CTIC on Friday but got stopped out at $1.20. CTIC made the following highs from last week. $1.28, $1.37, $1.49 - If CTIC breaks up through $1.28 on Monday, I will get back into the stock. A break through $1.37 and I will continue to hold. On the downside, $1.00 is a strong support level that must continue to hold or the downside risk is enormous.

Freeport-McMoRan Copper & Gold Inc. (FCX) - Keeping an eye on FCX, Joe Terranova ( Fast Money ) said weeks ago that a pullback to $42 would be a buy. If FCX retreats to around this area I will buy in as FCX breaks the high of the day that particular day.

Stocks to Watch - May 18, 2009

WuXi PharmaTech (Cayman) Inc. (WX)
BioCryst Pharmaceuticals Inc. (BCRX)
Zale Corporation (ZLC)
Fuqi International, Inc. (FUQI)
Protective Life Corp. (PL)
PowerShares DB Crude Oil Dble Short ETN (DTO)
Old Dominion Freight Line Inc. (ODFL)
UltraShort Real Estate ProShares (SRS)
Red Hat Inc. (RHT)
Exelixis, Inc. (EXEL)
Nordstrom Inc. (JWN)
MGM Mirage (MGM)
Las Vegas Sands Corp. (LVS)

Penny Stocks to Watch - 5/18/09

Hayes Lemmerz International Inc. (HAYZ)
Hemispherx Biopharma, Inc. (HEB)
La Jolla Pharmaceutical Co. (LJPC)
NexMed Inc. (NEXM)
EntreMed Inc. (ENMD)
Oscient Pharmaceuticals Corp. (OSCI)
Kodiak Oil & Gas Corp. (KOG)
Converted Organics Inc (COIN)

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Citigroup Inc C Stock 5/18/09 May 18, 2009

The following is a little Citigroup Inc. ( C ) stock technical analysis for May 18, 2009

Citigroup Inc (C:NYSE) Support & Resistance Levels - 5/18/09

Resistance Levels: $3.70, $4 , $4.41, $4.48

Support Levels: $3.50, $3.36, $3.00

http://www.stockcharts.com

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Citigroup stock continues to test the $3.50 support level and find resistance at the 10 day moving average currently at $3.62. For a trade, I will either go long when Citi retests the 50 day moving average around $3 or gets back over $4.00. I believe a huge break out will start when Citigroup closes over the $4.48 high from April. I believe a run back to $6 would be in the cards

For more Technical Analysis - Go Here

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FAS FAZ Stock Analysis May 18, 2009 5/18/09

The Direxion Financial Bull 3X Shares (NYSE: FAS) and the Direxion Financial Bear 3X Shares (NYSE: FAZ) ETF's have been very active over the past six months. The following is technical analysis on Financial Bull ( FAS ) for 5/18/09. Knowing the support and resistance levels for FAS will help you trade FAZ.

FAS Support and Resistance Levels - May 18, 2009

Resistance Levels: $ 9.30, $9.50, $10.00, $10.60, $12.53

Support Levels: $8.28, $8.09, $7.30

http://stockcharts.com - Chart

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FAS is trading between both the 10 and 50 day moving averages as it still remains in an uptrend. I am watching Thursday's low of $8.28 and the April 30th low of $8.09. If these do not hold, I think a retest of the 50 day moving average is in store. You can also trade FAZ based on this as well. On the upside, a close back above the 10 day moving average ( $10.08 ) would be bullish! I originally wanted FAS to gap down in pre market big time on Thursday and then rally after the open....this would have been a sign of capitulation selling I wanted to see to get long FAS. This did not play out so I will be looking for this in the future to get long or I will jump in on a close back above the 10 day moving average. For More Technical Analysis - Go Here

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Biggest Stock Gainers 5/15/09 May 15, 2009

Today, May 15, 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

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Top Stocks 5/15/09 - Biggest Gainers Today

WuXi PharmaTech (Cayman) Inc. (WX) - $7.98 Up 41.86% - $8.20 Up 47.58% - WuXi gets two upgrades

Protective Life Corp. (PL) - $10.90 Up 18.09% - Protective Life Corporation Prices Common Equity Offering

DryShips, Inc. (DRYS) - $7.40 Up 21.51% - DryShips gets covenant waiver for $654 mln debt

Fuqi International, Inc. (FUQI) - $7.46 Up 14.95% - Chinese jewelry maker Fuqi Q1 profit tops Street

Zale Corporation (ZLC) - $3.61 Up 18.75% - No News

Shutterfly, Inc. (SFLY) - $14.07 Up 1.47% - Shutterfly Announces Partnership With Petit Tresor

Exelixis, Inc. (EXEL) - $4.90 Up 10.86% - Exelixis Announces June 1 Webcast of Its ASCO Investor and Analyst Briefing

Hartford Financial Services Group Inc. (HIG) - $16.22 Up 9.97%

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Hot Penny Stocks 5/15/09 May 15, 2009

Today, 5/15/09, 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. You can find ALL Penny Stock Reports Here

Penny Stock Gainers - May 15, 2009

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Infosonics Corp. (IFON) - $0.61 Up 110.34% - InfoSonics Reports First Quarter 2009 Financial Results

ULURU Inc. (ULU) - $0.24 Up 26.58% - No News

Hayes Lemmerz International Inc. (HAYZ) - $0.12 Up 44.75% - Hayes Lemmerz International, Inc. Receives Court Approval of First Day Motions

XOMA Ltd. (XOMA) - $1.01 Up 18.82% - XOMA Royalties On CIMZIA(r) Expected to Increase Due to FDA Approval for Moderate to Severe Rheumatoid Arthritis in Adults


EntreMed Inc. (ENMD) - $0.69 Up 15.00% - EntreMed ENMD-2076 Phase 1 Data to Be Presented at ASCO Annual Meeting

MDRNA, Inc. (MRNA) - $1.49 Up 29.57% - MDRNA, Inc. Announces First Quarter 2009 Financial Results


Evergreen Energy, Inc. (EEE) - $1.05 Up 5.00% - Evergreen Energy K-Fuel Cleaner Coal Technology Receives Major Chinese Government Endorsement

Lear Corp. (LEA) - $1.46 Up 10.61% - Lear in talks on debt, approached by investors


Novavax, Inc. (NVAX) - $1.76 Up 7.32% - Novavax Completes Enrollment of Its Second Phase II Seasonal Influenza VLP Vaccine Clinical Trial

Other Gainers to Watch: 5/15/09

Oscient Pharmaceuticals Corp. (OSCI)
Hemispherx Biopharma, Inc. (HEB)

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Baltic Dry Index Shipping Rates 5/15/09 BDI

The following is a report on Dry Bulk Shipping Rates for 5/15/09. This data is critical for how the DryBulk Shipping Stocks such as DryShips Inc ( DRYS ), Excel Maritime Carriers Ltd( EXM ), Diana Shipping Inc ( DSX ), Genco Shipping & Trading Limited ( GNK ), TBS International Limited ( TBSI ), Navios Maritime ( NM ), Eagle Bulk Shipping Inc. ( EGLE ), and OceanFreight Inc ( 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 - Discuss Stocks - http://stockstobuy.org

Dry Bulk Shipping Rates - May 15, 2009 - Up 11 Straight Days

Baltic Dry Index ( BDI ) - 2544 Up 112
Baltic Cape Index ( BCI ) - 3481 Up 199
Baltic Panamax Index ( BPI ) - 2474 Up 112
Supramax Index ( BSI ) - 1754 Up 43
Past Bulk Shipping

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Mortgage Rates Today 5/15/09 May 15, 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 - 5/15/09

40-Year Fixed 6.500% 6.700%
30-Year Fixed 4.750% 4.960%
20-Year Fixed 4.875% 5.163%
15-Year Fixed 4.500% 4.862%
5-Year ARM 3.750% 4.029%

For Previous Mortgage Rates - Click Here

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1 and 3 Month Libor Rates - 5/15/09 - Today's Libor Rates

It seems as though everyone is watching Libor rates these days. Today's Libor Rates for 5/15/09, are: 1 Month Libor Rate - 0.328%. & 3 Month Libor Rate - 0.826%. The overnight Libor rate is 0.225%. As you can see, Libor Rates have changed today, May 15, 2009. Both the 1 & 3 Month Libor rates fell as 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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