By Tim - http://stockstobuy.org
Stock Market Closing Prices - 11/3/10
Dow Jones Industrial Average ( DJIA ) Close - 11215.13 Up 26.41
Nasdaq Stock Market Close - 2540.27 Up 6.75
S&P 500 Close - 1197.96 Up 4.39
http://dowjonesclose.com
Libor Rates - 11/3/10 - Mortgage Rates
Commodities Closing Prices - 11/3/10
Gold Close - 1345.20
Oil Close - 84.92
Natural Gas Close - 3.84
The Dow Jones Industrial Average closed at 11215 on 11/3/10, as the stock market traded higher on the Fed statement and the fact that the Republicans cleaned up in the elections last night. The main thing I am watching right now is the Dow Jones resistance levels between 11247-11258. If the Dow Jones can close above this resistance zone, I am anticipating a great last few months of the year.
As far as trading went today, I bought and sold DPW on the earnings news this morning. Thats about all I did today. I continue to watch Citigroup, I will buy a large block when it breaks $4.30. Ford also had a very nice break out today which is bullish. The GM IPO priced between $26-$28 and will probably open up in a few weeks at $35-$40 ( possibly higher ).
Check out my stocks to watch report for tomorrow.
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