Dow Jones Close 5/29/09 - Stock Market Closing Prices

Stock Market Closing Prices - 5/29/09

Dow Jones Industrial Average ( DJIA ) Close - 8500.33 Up 96.53
Nasdaq Stock Market Close - 1774.33 Up 22.54
S&P 500 Close - 919.15 Up 12.32
http://dowjonesclose.com

Libor Rates - 5/29/09 - Mortgage Rates

Commodities Closing Prices - 5/29/09

Gold - 977.70
Oil - 66.31
Natural Gas - 3.87

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The Dow Jones Industrial Average closed at 8513 on 5/29/09, as the stock market had a late day surge on a boring summer Friday. The Dow Jones Futures started the day higher but as the day went on, the stock market gave back most of the gains. At about 3:30pm, stocks moved higher on what looked to be short covering on very low volume. The only real major news out today was the fact that Gold touched 980 and Oil spiked over 66 per barrel. All eyes will be on the ASCO biotech conference over the weekend as well as the jobs report next Friday. Check out some of the events I will be watching for Monday.

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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Biggest Stock Gainers 5/29/09 May 29, 2009

Today, May 29, 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 5/29/09 - Biggest Gainers Today

MGP Ingredients Inc. (MGPI) - $2.69 Up 41.58% - No News

J. Crew Group, Inc. (JCG) - $25.27 Up 23.36% - J.Crew Proves Analysts Wrong

Star Scientific, Inc. (STSI) - $5.57 Up 17.02% - STSI is in a patent dispute with RJ Reynolds regarding a non addictive tobacco product I believe. Both companies are battling out in court as we speak.

Penson Worldwide Inc (PNSN) - $9.74 Up 14.19% - Penson Worldwide, Inc. Prices Convertible Notes

Incyte Corporation (INCY) - $3.30 Up 12.63% - Incyte Provides Update on Special Protocol Assessment for INCB18424 as a New Treatment for Myelofibrosis

Brigham Exploration Co. (BEXP) - $3.56 Up 11.25% - Form 8-K for BRIGHAM EXPLORATION CO

OMNI Energy Services Corp. (OMNI) - $2.56 Up 11.30% - No News, higher oil prices

Delta Petroleum Corp. (DPTR) - $2.12 Up 9.84% - No News

Office Depot, Inc. (ODP) - $4.70 Up 7.31% - JP Morgan raises Office Depot to overweight

Canadian Solar Inc. (CSIQ) - $12.61 Up 9.18% - Canadian Solar Breaks Through the Clouds

Precision Drilling Trust (PDS) - $6.08 Up 10.55% - Oil rising

Genco Shipping & Trading Ltd. (GNK) - $25.54 Up 7.31% - Baltic Dry Index has been on fire!

Fortress Investment Group LLC (FIG) - $4.65 Up 8.64% - Technical rebound

Navios Maritime Holdings Inc. (NM) - $5.12 Up 8.02% - Baltic Dry Index has been on fire!

Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks

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Hot Penny Stocks 5/29/09 May 29, 2009

Today, 5/29/09, 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 29, 2009

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Northfield Laboratories Inc. (NFLD) - $0.19 Up 57.86% - No News

Edge Petroleum Corp. (EPEX) - $0.47 Up 23.68% - Natural Gas prices are rising again

ZIOPHARM Oncology, Inc. (ZIOP) - $1.63 Up 25.38% - ZIOP will be presenting at the ASCO conference this weekend. ZIOPHARM Presentations at the American Society of Clinical Oncology (ASCO) Annual Meeting

Mad Catz Interactive Inc. (MCZ) - $0.26 Up 13.48% - Mad Catz and Microsoft Corporation Sign Multi-Year License Agreement for Xbox 360 Wireless Specialty Controllers

Meridian Resource Corp. (TMR) - $0.52 Up 18.16% - Natural Gas prices rising

YM BioSciences Inc. (YMI) - $0.53 Up 12.77% - Ym Biosciences Announces Results of Randomized Nimotuzumab Study to be Presented in a Poster at Asco Annual Meeting

Hollis-Eden Pharmaceuticals, Inc. (HEPH) - $0.46 Up 12.20% - No News

Paramount Gold and Silver Corp. (PZG) - $1.63 Up 10.14% - Gold prices rising

Openwave Systems Inc. (OPWV) - $1.78 Up 13.38% - Openwave Showcases Latest Solutions at Arabcom Summit 2009 to Help Operators Monetize Traffic

Oscient Pharmaceuticals Corp. (OSCI) - $0.25 Up 21.36% - No News

Keryx Biopharmaceuticals Inc. (KERX) - $0.73 Up 11.00% - No News

Compton Petroleum Corp. (CMZ) - $1.45 Up 13.28% - No News

CuraGen Corp. (CRGN) - $1.37 Up 9.60% - Celldex Therapeutics, Inc. Enhances Precision Targeted Immunotherapy Platform with the Acquisition of CuraGen Corporation.


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Baltic Dry Index Shipping Rates 5/29/09 BDI

The BDI 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 ), Paragon Shipping Inc. ( PRGN ), Star Bulk Carriers Corp. ( SBLK ), 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 29, 2009 - Up 20 Straight Days

Baltic Dry Index ( BDI ) - 3494 Up 196
Baltic Cape Index ( BCI ) - 6125 Up 523
Baltic Panamax Index ( BPI ) - 2900 Up 136
Supramax Index ( BSI ) - 1831 Down 1
Past Bulk Shipping

Discuss the Baltic Dry Index - Click Here

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Mortgage Rates Today 5/29/09 May 29, 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 - 5/29/09

40-Year Fixed 6.750% 6.954%
30-Year Fixed 5.250% 5.466%
20-Year Fixed 5.375% 5.669%
15-Year Fixed 4.750% 5.115%
5-Year ARM 4.250% 4.212%

FHA Loan - 30 yr fixed - 5.50% 6.17%

For Previous Mortgage Rates - Click Here

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1 and 3 Month Libor Rates - 5/29/09 - Today's Libor Rates

It seems as though everyone is watching Libor rates these days. Today's Libor Rates for 5/29/09, are: 1 Month Libor Rate - 0.316%. & 3 Month Libor Rate - 0.656%. The overnight Libor rate is 0.271%. As you can see, Libor Rates have changed today, May 29, 2009. The 1 and 3 month libor rates went down while the overnight libor rate rose.

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

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Dow Jones Futures 5/29/09 Stock Market Futures

How will the stock market open on Friday - May 29, 2009? The Dow Jones and Stock Market Futures are pointing toward a Higher open for pre market. Check out technical analysis for May 29.

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Stock Market Futures 5/29/09 - Pre Market Trading - Updated 7:20am

Dow Jones Futures - Up 54
S&P 500 Futures - Up 6.60
Nasdaq Futures - Up 8.50
Nikkei - 9522.50 Up 71.11
Oil Futures - 66.17
Gold Futures - 975.10

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Dow Jones Analysis 5/29/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 5/29/09

Dow Jones Industrial Average Support & Resistance Levels - May 29, 2009

Resistance Levels: 8591, 8742

Support Levels: 8250, 8000, 7750

http://stockcharts.com/ - Chart

Stock Market Futures

The Dow Jones bounced off the 8250 support level today as buyers stepped in around that area. I am now watching for a close over 8500 that could potentially start a new leg higher toward 8600 and then 200 day moving average at 8795. On the downside, a close below 8250 would be very bearish and you would see additional selling pressure and a sign that we have further down to go. Watching 8250 and 8500 on a closing basis. For More Technical Analysis - Go Here

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Stocks to Buy May 29, 2009 5/29/09

Thursday, 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 29, 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 - 5/29/09 - Stock Market Ideas

Oculus Innovative Sciences, Inc. ( OCLS ) - OCLS stock continues to break out after the company told investors it received FDA approval. OCLS broke to a new 52 week high on Thursday at $5.75. After $6, next major resistance will be the July 2008 high of $7.29.

Angiotech Pharmaceuticals Inc. (ANPI) - ANPI received some FDA approval news late Wednesday which caused the stock to rocket into the close and hit a high on Thursday of $2.58. The next major resistance level I see after $2.58 would be $3.00 and then $3.49 from June 2008. Discuss ANPI

Research In Motion Ltd. (RIMM) - Joe Terranova of CNBC's Fast Money continues to like RIMM since it has broken back into the gap from last year. I personally don't see any resistance until the low $90's. You can stop out at $77 on the downside so this is a low risk trade.

MAP Pharmaceuticals Inc. ( MAPP ) - MAPP stock continues to surge Thursday but is running up against resistance around $13.80-$13.90. A close above $14 would set up a potential move toward $15-$16. The volume has died down but MAPP's stock price remains very strong.

Cell Therapeutics, Inc. (CTIC) - As of May 15th, short interest on CTIC stock was 13,384,280, an increase of 139% from April. I continue to watch $1.37 as an area to get long CTIC on a break through that area. CTIC will be presenting at the ASCO conference over the weekend and early next week. A break below $1.00 would be very bearish, especially now that volume has died down.

Hemispherx Biopharma, Inc. (HEB) - HEB stock continues to be very strong but sold off during the afternoon on Thursday......has support at $1.50....resistance at $1.80 and $2.03 - all eyes on Ampligen FDA decision due out in the next 10 days.

Ford Motor Company ( F ) - A lot of bullish traders like Ford stock right now.... F is trading right around the 10 day moving average while the 50 day moving average is rapidly rising. I think the correction is over and another leg higher is imminent.

Financials: I continue to watch the following banks stocks for trading opportunities.

Direxion Daily Financial Bear 3X Shares (FAZ)
Direxion Daily Finan. Bull 3X Shs(ETF)(FAS) - FAS is really easy to trade right now. Resistance is at $10, support at $9.30 and then $8.60. You can trade both FAS and FAZ off this until the trend changes.

Citigroup Inc (C:NYSE) - As long as Citigroup stock remains over last weeks high of $3.60, I like the stock. Today was really the first day in awhile where Citigroup was lagging the market. Keep an eye on this situation.

Bank of America Corp. (NYSE:BAC) - BAC stock held $10.50 again today which has been recent support. I like BAC over $10 and you could see a nice break out when B of A trades back over $12 per share. As of now, Bank of America is going down along with the 10 day moving average.

Wells Fargo & Company (NYSE:WFC) - WFC broke down to near $23 this morning but the buyers came back in full force. This is one of the best financial stocks right now along with Goldman Sachs ( GS ). Guy Adami says that if Wells Fargo hits $22, you back up the truck and buy buy buy.

DryShips, Inc. (DRYS) - Dryships bounced off the 50 day moving average twice this week and is now breaking out above $7.30. The baltic dry index has been surging and DRYS could be getting ready for a new leg higher.

Other Stocks to Watch - May 29, 2009

FreeSeas Inc. (FREE)
Perry Ellis International Inc. (PERY)
Exelixis, Inc. (EXEL)
Longtop Financial Technologies Limited (LFT)
Cytori Therapeutics, Inc. (CYTX)
Caribou Coffee Company, Inc. (CBOU)
Gulfport Energy Corp. (GPOR)
Star Scientific, Inc. (STSI)

Penny Stocks to Watch - 5/29/09

Peregrine Pharmaceuticals Inc. (PPHM)
Vasogen Inc. (VSGN)
Targeted Genetics Corp. (TGEN)
Opexa Therapeutics, Inc. (OPXA)
Meridian Resource Corp. (TMR)
Cyclacel Pharmaceuticals, Inc. (CYCC)
Wave Systems Corp. (WAVX)
Dynavax Technologies Corporation (DVAX)
Cerus Corporation (CERS)
CuraGen Corp. (CRGN)
Authentidate Holding Corp. (ADAT)
Altus Pharmaceuticals Inc. (ALTU)
Generex Biotechnology Corp. (GNBT)
Antigenics Inc. (AGEN)

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