Dow Jones Close 12/29/08 - Stock Market Closing Prices

Stock Market Closing Prices - 12/29/08

Dow Jones Industrial Average ( DJIA ) Close - 8483.93 Down 31.62
Nasdaq Stock Market Close - 1510.32 Down 19.92
S&P 500 Close - 869.38 Down 3.42
http://dowjonesclose.com

Libor Rates - 12/29/08

1 Month - 0.461%
3 Month - 1.459%

Commodities Closing Prices - 12/29/08

Gold - 877.40
Oil - 40.01
Natural Gas - 6.14

The Dow Jones Industrial Average closed at 8484 on 12/29/08, as the stock market fell on very low volume today but managed to rise going into the close. The Dow Jones started out the day to the upside but shortly fell into negative territory after the open. Oil and Natural Gas rose due to the violence around the Gaza Strip. One of the laggards on the Nasdaq was Research in Motion ( RIMM ) as this stock fell below $40 on fears that Wal Mart selling the iPhone would hurt sales of the Blackberry. This is something worth watching as there has been some talk that Microsoft ( MSFT ) might try to buy RIMM at some point in 2009. That is pretty much all that happened today as this will be another boring week. Next week the volume comes back along with a Jobs report due out 1/9/08

Today's Biggest Stock Market Gainers - KKR Financial ( KFN ) was a huge gainer for the second straight day and General Moly ( GMO ) was a late day riser.
Top 2008 Stocks

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Allied Capital ALD Stock Pop 12/29/08

Allied Capital ALD Stock just shot up from $2.60 to hit $3.34 at 10am on 12/29/08 with big volume. I don't see any news but that was a 20-30% move in a matter of minutes!

Hot Stocks to Watch 12/29/09 - KKR, NG

There are a number of new stocks that are showing nice gains this morning but are trading on light volume. This is how the overall stock market will be this week...choppy with light volume.

Hot Stocks to Watch - December 29, 2008

Jupitermedia JUPM - $.81 up 93%
KKR Financial KKR - $1.40 up 40% ...adding to gains on Friday
Verenium Corp VRNM - $1.22 Up 77.56%
Novagold Resources NG - $1.57 up 18%

Most of these stocks are just seeing a bounce because they have been killed this year....I try to trade them where I can but I usually only trade them if there is volume involved.

Today's Biggest Gainers - December 29th, 2008

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Biggest Stock Gainers 12/29/08 - DXO, LINN, GSS

Today, 12/29/08, we have some big stock gainers hitting in pre market trading.

December 29, 2008 - Break Out Stocks

DXO is the Oil double long ETF which is spiking this morning as Oil prices rise due to the violence in the Gaza Strip. DXO is up 15% to $2.30 in pre market trading.

United States Oil Fund - USO - The USO is up with oil this morning - $30.70 up 5.5%

Linn Energy - LINN - Barron's reporting that Linn's dividend is safe - $13.90 Up 16%

Golden Star Resources - GSS - This stock has been hot over the past few weeks because of Gold. $.95 up 8%

Today's Biggest Gainers - December 29th, 2008

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1 and 3 Month Libor Rates - 12/29/08 - Today's Libor Rates

It seems as though everyone is watching Libor rates these days. Today's Libor Rates for 12/29/08, are: 1 Month Libor Rate - .461% & 3 Month Libor Rate - 1.459%. The overnight Libor rate is .138%. As you can see, Libor Rates have changed today, December 29, 2008. All three Libor rates have gone down today which is a great sign for the equity market.

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

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Dow Jones Futures 12/29/08 - Nikkei Open

How will the stock market open on 12/29/08? The Dow Jones Futures are set to open higher on Monday, December 29th - 2008. The Dow Futures were down 100 at one point last night.

Stock Market Futures - 12/29/08 - Update 7:00am

Dow Jones Futures - Up 36
Nasdaq Futures - Up 6
S&P 500 Futures Up 3

Nikkei Close - 8747 Up 8

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Dow Jones Analysis 12/29/08 - Stock Market

The following is Technical Analysis for the Dow Jones ( DJIA ) for 12/28/08 , 12/29/08

Dow Jones Support & Resistance Levels - December 29, 2008

Resistance Levels: 8600, 8675, 9000

Support Levels: 8500, 8300, 8150
http://stockcharts.com - Chart

The Dow Jones closed back over key support of 8500 on Friday so I am currently bullish. As I have been saying lately, 8500 is the key area right now that you want to be watching.
I am very cautious however as the Dow appears to be starting to break down again. The Dow formed a double top at 9000 and has since broke back below the 10 day and 50 day moving averages.
Key support levels after 8500 would be 8300 and 8150

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Nasdaq Analysis 12/29/08 December 29, 2008

The following is Technical Analysis for the Nasdaq ( NAS ) for 12/28/08, 12/29/08

Nasdaq Support & Resistance Levels - December 29, 2008

Resistance Levels: 1545, 1560

Support Levels: 1500, 1450

http://stockcharts.com - Chart

The Nasdaq continues to trade above the key support level of 1500 which is bullish. However, proceed with caution as the Nasdaq is once again trending below both the 10 day and 50 day moving averages.
This coming week will be a light volume one so i'm waiting for the volume to come back to see which direction we are going next.
The Nasdaq has resistance at 1545 and 1560 while support is 1500 and 1450.

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