Stock Market Closed 4/6/12 April 6, 2012 - Good Friday

Stock Market Closed on Good Friday

The Stock Market, which includes the Dow Jones, Nasdaq, and S&P 500 will be closed on 4/6/12 for the Easter/Good Friday Holiday. The stock market will be open and have normal trading hours on Thursday, April 5, 2012 as well as Monday, April 9, 2012.

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Dow Jones Close 4/6/09 - Stock Market Closing Prices

Stock Market Closing Prices - 4/6/09

Dow Jones Industrial Average ( DJIA ) Close - 7975.85 Down 41.74
Nasdaq Stock Market Close - 1606.71 Down 15.16
S&P 500 Close - 835.48 Down 7.02
http://dowjonesclose.com

Libor Rates - 4/06/09

Commodities Closing Prices - 4/06/09

Gold - 872.40
Oil - 51.12
Natural Gas - 3.74

The Dow Jones Industrial Average closed at 7976 on 4/6/09, as the stock market went down on a downgrade on some of the key banks by Mike Mayo. The Dow Jones Futures were positive all night but when Mayo's letter was released stocks began to sell-off.

Meredith Whitney - April 6, 2009

After the stock market opened, the Dow Jones went under 7900 but then rallied back toward the end of the day. Meredith Whitney came on CNBC and said she is less bearish in the short term as the mark to market rules will help the banks when they report 1st quarter earnings. She said she would not want to be short most of the financials in April but after April she would short once again. She did note that State Street ( STT ) is the only stock she would want to buy on the long side if she were buying financials. So in a few words, she would not be short the stock market right now until May. The stress test will cause more grim new for the banks. The stock market actually rallied a little on this news. Check out my Stocks to Buy for Tomorrow.

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

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Biggest Stock Gainers 4/6/09 April 6, 2009

Today, April 6, 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

Hot Stocks 4/6/09 - Biggest Gainers Today

MGM Mirage (MGM) - $6.29 Up 35.27% - MGM Mirage hires banker to shop assets Report: MGM Mirage hires banker to shop assets, Australian billionaire mulls City Center stake.

Satyam Computer Services Limited(ADR) ( SAY ) - $3.18 Up 60.61% - Wilbur Ross looking at Satyam announced on CNBC last week.

Bank of Ireland (ADR) ( IRE ) - $5.09 Up 13.36% - IRE continues to add on the massive gains!

Dendreon Corporation ( DNDN ) - $6.81 Up 13.69% - Dendreon Soars on Plans to Present Prostate Study - So the news did leak on Friday.

Las Vegas Sands Corp. (LVS) - $5.10 Up 13.84% - LVS going up on the above MGM news.

Zale Corporation (ZLC) - $4.69 Up 12.74% - ZLC doubled in 4 trading sessions!

AMR Corporation (AMR) - $4.14 Up 10.40% - No News

Ford Motor Company ( F ) - $3.61 Up 11.08% Ford slashes automotive debt by 38 percent - General Motors ( GM ) up 6% as well

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Hot Penny Stocks 4/6/09 April 6, 2009

Today, 4/6/09, 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 6, 2009

Orsus Xelent Technologies Inc. (ORS)

Somaxon Pharmaceuticals, Inc. (SOMX) - No news but they could be trying to push this stock over $1.00 for 10 straight days to be in compliance with Nasdaq listing requirements

Unisys Corporation (UIS) - Unisys Research Shows Economic Crisis Increases Americans' Fears about Fraud and ID Theft

Silicon Graphics Inc. (SGIC)
Advanced Environmental Recycling Technologies, Inc. (AERT)
Meruelo Maddux Properties Inc. (MMPI)
TXCO Resources, Inc. (TXCO)
Airspan Networks Inc. (AIRN)

Cell Therapeutics ( CTIC ) - CTI Receives the Second Payment of $6.5 million Associated with the Sale of Interest in Zevalin Joint Venture

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Baltic Dry Index Shipping Rates 4/6/09 BDI

The following is a report on Dry Bulk Shipping Rates for 4/6/09. 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 6, 2009 - Down 19 Straight Days


Baltic Dry Index ( BDI ) - 1486 Down 20
Spot 4 - TC Average - 17081 Down 26
Baltic Cape Index ( BCI ) - 1961 Down 1
Baltic Panamax Index ( BPI ) - 1143 Down 43
Supramax Index ( BSI ) - 1220 Down 16
Past Bulk Shipping Rates


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ATT T Stock Analysis 4/6/09 April 6, 2009

The following is technical analysis of AT&T ( T ) stock for April 6, 2009

T Support & Resistance Levels - 4/06/09

Resistance Levels: $27.09, $28.10

Support Levels: $25.00

http://stockcharts.com - Chart

AT&T stock has had a huge run and is now hitting some big resistance levels. The first would be the $27.09 high from Thursday. The next three are from October - December 2008 as you can see circled. The 200 day moving average is also at $27.50. I wouldn't be expecting much out of AT&T but would be buying pullbacks at or below $25 support level.

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1 and 3 Month Libor Rates - 4/6/09 - Today's Libor Rates

It seems as though everyone is watching Libor rates these days. Today's Libor Rates for 4/6/09, are: 1 Month Libor Rate - 0.476%. & 3 Month Libor Rate - 1.157%. The overnight Libor rate is 0.284%. As you can see, Libor Rates have changed today, April 6, 2009. The one and three month libor rates have declined while the overnight libor rate went up.

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

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CTIC SIRI DNDN Stock April 6 2009 4/6/09

The following is a little technical analysis on the some of the Top - Most searched for stocks over the weekend. I sometimes target the most searched for stocks because there will usually be a lot of trading activity.

Most Searched for Stocks - Analysis - 4/6/09


Cell Therapeutics ( CTIC ) - If you look at a 5 day chart of CTIC, you will notice that ever since the big pop, CTIC has traded between $0.35-$0.45. On Friday, I noticed that CTIC was very strong toward the end of the day and this is the first time in 4 trading sessions that CTIC didn't fall big during the final hour. This action sets up for an interesting Monday. I believe if CTIC breaks up through $0.40, you could get some technical buying. However, I am personally waiting for CTIC to break up through $0.45 be I would be jumping in.

Financial Bear ( FAZ ) - I am not sure why this is one of the most searched stocks, you would think FAS would be higher. Check out my FAS analysis. I trade these two stocks daily. If FAZ gaps down tomorrow, I might be buying the open for a trade. The FAS has gone from $5.20 to $7.20 in two days. A little over bought but still in a solid uptrend.

Sirius XM Radio ( SIRI ) - I am waiting for SIRI to clear $0.44 resistance for a push back to $0.50 - $0.57 which would be next resistance. If I were in SIRI stock right now, I'd be using a stop at $0.34. I say this because Sirius is trending along its 10 day moving average at $0.356 and if $0.34 is printed you could be looking at the early stages of a breakdown.

Apple Inc ( AAPL ) - See Technical Analysis on AAPL

Citigroup Inc. ( C ) - See Technical Analysis on C

Dendreon Corporation ( DNDN ) - DNDN stock is soaring as word came out Friday that the company could be releasing its long awaited trial data for cancer drug provenge. This has been one of the most highly anticipated drugs over the past three years. Dendreon could be releasing their latest clinical trial findings at presentation on April 28, 2009 in Chicago. It is unclear whether they will release it that day or wait until May. Positive data would most likely send shares of DNDN above $10, and an FDA approval of the drug could send the stock above $30. Failure of any of these two would send DNDN stock back to $2.00 or lower. There is huge risk here but can be fun to day trade!

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Dow Jones Futures 4/6/09 Stock Market Futures

How will the stock market open on Monday - April 6, 2009? The Dow Jones and Stock Market Futures are pointing toward a lower open for pre market. Check out technical analysis for April 6.

Charlie Gasparino CNBC, says that Mike Mayo is putting an underweight rating on all of the major banks, he doesn't believe this run up. He also said Bear Sterns was profitable before they imploded. Futures have gone negative on this news.

Also, Timothy Geithner said over the weekend that they will remove bank management if needed.

Stock Market Futures 4/6/09 - Pre Market Trading - Updated 8:30am Est

Dow Jones Futures - Down 60
S&P 500 Futures - Down 8
Nasdaq Futures - Down 17
Nikkei - 8858 Up 110
Oil Futures - 51.73
Gold Futures - 881.20 - Wow, Gold Breaking Down Now

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GE Stock Analysis 4/6/09 April 6, 2009

The following is technical analysis of General Electric ( GE ) stock for April 6, 2009.

GE Support & Resistance Levels - 4/06/09

Resistance Levels: $11.00, $11.35

Support Levels: $10.49, $10, $8.50, $8

http://stockcharts.com - Chart

GE stock is stuck in a tight range between $10-$11. The good thing is General Electric continues to trade over both the 10 and 50 day moving average. I am watching resistance at $11 and $11.35 for sign of another move higher toward the $12.50 level. On the downside, $10 continues to hold on a closing basis. If GE closes back under $10 this will be your first sign of a possible breakdown. Things are looking better but we aren't totally out of the woods yet! For More Technical Analysis - Go Here

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Citigroup C Stock 4/6/09 April 6, 2009

The following is a little Citigroup ( C ) stock technical analysis for April 6, 2009.

Citigroup Support & Resistance Levels - 4/6/09

Resistance Levels: $2.92, $3.00, $3.35, $3.89

Support Levels: $2.67, $2.40, $2.20

http://stockcharts.com

Citigroup tested and bounced off of support this week at $2.20 and $2.40. Citigroup has also closed over the 50 day moving average two more straight days. The 10 day moving average is finally trading above the 50 day moving average, something that hasn't happened since Citigroup was in the $20's back in September. This is very bullish! Should you buy Citi stock next week? Citigroup failed at $3.00 last week so this is the level I am looking to buy at. A break through $3.00 and I am back in on the long side with a tight stop at about $2.90. This is just a trade however! As April 17th comes closer, I will probably not touch this stock! If you didn't know, Citigroup ( C ) releases earnings April 17, 2009. For More Technical Analysis - Go Here

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FAS - FAZ Stock Analysis April 6, 2009

The Direxion Financial Bull 3X Shares EFT ( FAS ) and the Direxion Financial Bear 3X Shares EFT ( FAZ ) have been very active over the past six months. The following is technical analysis on Financial Bull ( FAS ) for 4/6/09. Knowing the support and resistance levels of FAS will help you trade FAZ.

Fas Support and Resistance Levels - April 6, 2009

Resistance Levels: $7.80, $9.00

Support Levels: $7.00, $6.20, $6.00, $5.20

http://stockcharts.com - Chart

FAS closed over the 50 day moving average for the first time ever today. This is a very bullish signal going into next week. FAS is now ready to retest the previous high of $7.80 where there is a lot of resistance just under $8.00. On the downside, watch for pullbacks into mid $6's to be bought heavily. From here on out, $6.20 is now a major support level since it was the low on Friday. A break below $6.20 would take FAS back to the mid to low $5's with $5.00 being a major support level as well. As you can see from my line on the chart, $5.00 has been the battle ground over the past two months...a gap below this level results in huge downside risk.

Since FAS is in the uptrend, I watch the way FAS is trading to let me know when to get into the Financial Bear 3X ( FAZ ). FAZ is in uncharted territory and if FAS can break $7.80, you could see FAS worth more then FAZ within months.

How have I been trading these two? When FAS has a huge run over several days and breaks down through the low of day, I jump into FAZ for a trade. When FAS gets hit hard for several days, I will buy FAS when it finally breaks through the high of the day. If I see FAS gapping up big on Monday, I will most likely start a position ( for a trade ) in Financial Bear ( FAZ ).

For More Technical Analysis - Go Here

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Dow Jones Analysis 4/6/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 4/6/09

Dow Jones Support & Resistance Levels - April 6, 2009

Resistance Levels: 8275, 8500

Support Levels: 8000, 7950, 7700

http://stockcharts.com/ - Chart

Stock Market Futures

The Dow Jones closed over 8000 today for the first time since early February 2009. This bodes well for further gains next week. Resistance is at 8075 and the downtrend line at around 8300-8350. We had a nice push through 8000 in the last 10 minutes after trading below this level all the day. I wouldn't be surprised if we rise and sell off back to 8000 for the next several trading sessions. I will now be buying pullbacks to the 50 day moving average 7559. A close below 7500 at any time would be very bearish...so if we do get down there, watch this area closely.

For More Technical Analysis - Go Here

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Stocks to Buy April 6, 2009 4/6/09

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 6, 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 - 4/6/09 - Stock Market Ideas

Research in Motion ( RIMM ) - RIMM reported outstanding earnings and guidance and was up 20% Friday. You just have to think RIMM will have more upside on Monday. Given size and volume of this move, all pullbacks will be heavily bought.

Google ( GOOG ) - Rumors are circulating that Google might want to buy Twitter. This would be huge and probably make Google stock go higher. Twitter is the best thing the Internet has seen since YouTube, Myspace, and Facebook. Twitter is rapidly growing and I think will be one of the hottest Internet properties in 5 years.

Dendreon ( DNDN ) - I noticed DNDN stock surging on Friday, something is definitely going on with that stocks, not sure if news leaked or what. Here is how I see it: Positive trial results would take DNDN to $10-$15, FDA Approval of Provenge would take DNDN to $30-$40, Failure would take DNDN to $1-$2. - CNBC is reporting DNDN received " Late Breaking Status " for Provenge, whatever that means!

Visa ( V ) - Finally breaking over $58 and testing 200 day moving average.

Chesapeake Energy ( CHK ) - Surging through key resistance of $20, I will now be buying pullbacks to the 50 day moving average.

Financials: Bank of America is paying back some of the TARP, this caused some of the key financials to jump right around 2pm est on Friday.

Bank of America ( BAC )
Citigroup ( C )
Wells Fargo ( WFC )
Financial Bull 3X ( FAS ) - Above the 50 day moving average - very nice!

Other Stocks on my Radar for Monday - Includes Penny Stocks

Zale Corporation (ZLC)
Delta Petroleum Corp. (DPTR)
Financial Bear 3X ( FAZ )
UltraShort QQQ ProShares (QID)
Cosan Ltd. (CZZ) - Big Breakout on Heavy Volume
Century Aluminum Co. (CENX)
Converted Organics Inc (COIN)
CapitalSource Inc. (CSE)
Kimco Realty Corporation (KIM)
MGM Mirage (MGM)
TXCO Resources, Inc. (TXCO)
Cubist Pharmaceuticals Inc. (CBST)
International Game Technology (IGT)
Cell Therapeutics (CTIC) - Yes I know, CTIC again, I can't stop watching this one due to its big moves! A penny stock with big volume!

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