The following is a report on Dry Bulk Shipping Rates for 12/11/08. 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.
Dry Bulk Shipping Rates - December 11, 2008
Baltic Dry Index ( BDI ) - 711 Up 20
Baltic Cape Index ( BCI ) - 1142 Up 82
Baltic Panamax Index ( BPI ) - 442 Down 8
Baltic Supramax Index ( BSI ) - 498 Down 13
Past Bulk Shipping Rates
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Showing posts with label december 11. Show all posts
Showing posts with label december 11. Show all posts
Thursday, December 11, 2008
Stock Alerts - Biggest Gainers 12/11/08 CPE
This morning, 12/11/08, there are several big gainers in pre market trading as we get set for the open.
Stocks to Watch - December 11, 2008
Callon Petroleum (CPE) is up over 30% in pre market on no news really. This stock was badly beaten down over the past few months and is getting a bounce today.
Baidu.com ( BIDU ) is moving higher today as the company is coming out and lowering revenue guidance by 20 million but clarity is sending shares higher by 6% in pre market. This stock has also been crushed over the past several months and never really bounced.
Today's Biggest Gainers - December 11th, 2008
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Stocks to Watch - December 11, 2008
Callon Petroleum (CPE) is up over 30% in pre market on no news really. This stock was badly beaten down over the past few months and is getting a bounce today.
Baidu.com ( BIDU ) is moving higher today as the company is coming out and lowering revenue guidance by 20 million but clarity is sending shares higher by 6% in pre market. This stock has also been crushed over the past several months and never really bounced.
Today's Biggest Gainers - December 11th, 2008
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Stock Market Futures 12/11/08 - Dow Jones
The Stock Market and Dow Jones are set to open slightly lower today, 12/11/08, but Futures are off their worst levels. The House passed the bail out package last night and now it heads for a possible Senate vote tomorrow. Proctor & Gamble ( PG ) came out this morning and slashed guidance. This morning we have Jobless Claims at 8:30am so watch this number closely. Jobless Claims are expected to rise, no surprise there.
Stock Market Futures - December 11, 2008
Dow Jones Futures - Down 34
Nasdaq Futures - Down 0.50
S&P 500 Futures - Down 2.8
Oil Futures - $45.67
Today's Biggest Gainers - December 11th, 2008
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Stock Market Futures - December 11, 2008
Dow Jones Futures - Down 34
Nasdaq Futures - Down 0.50
S&P 500 Futures - Down 2.8
Oil Futures - $45.67
Today's Biggest Gainers - December 11th, 2008
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Wednesday, December 10, 2008
Dow Jones Analysis 12/11/08 - Stock Market
The following is Technical Analysis for the Dow Jones ( DJIA ) for 12/11/08
Dow Jones Support & Resistance Levels - December 11, 2008
Resistance Levels: 8850, 9000
Support Levels: 8600, 8500
Support Levels: 8600, 8500
The Dow Jones is stuck in a trading range right now between the 10 day moving average and 50 day moving average...so I am neutral right now. I am looking for a major move to occur over the next week as to where we are headed next. A close over 9000 and I will be bullish, a close below 8500 and I turn bearish as the downtrend will start again. I don't think 8150 support will hold if we go down and test it again.
All eyes are on the auto bailout right now....and it appears its not a lock to pass the Senate on Friday. The markets can really go either way right now and that is why I am neutral.
All eyes are on the auto bailout right now....and it appears its not a lock to pass the Senate on Friday. The markets can really go either way right now and that is why I am neutral.
http://stockcharts.com - Chart
More Technical Analysis - Go HERE
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Nasdaq Analysis 12/11/08 - December 11, 2008
The following is Technical Analysis for the Nasdaq ( NAS ) for 12/11/08
Nasdaq Support & Resistance Levels - December 11, 2008
Resistance Levels: 1600
Support Levels: 1536, 1500
Support Levels: 1536, 1500
http://stockcharts.com/ - Chart
The Nasdaq appears to have topped out at 1602.92 so any close above this level and I think it could test 1675-1700. This would also be the first time the Nasdaq closed back over the 50 day moving average ( Red Line ) which is currently at 1621.77. This would be bullish!
The Nasdaq is looking good technically but if you get a close under 1500 we might go down to test 1400-1450 with bounces back up to the 10 day moving average. This is what you don't want to see as the downtrend would continue and bring more selling pressure to the Nasdaq.
The Nasdaq is looking good technically but if you get a close under 1500 we might go down to test 1400-1450 with bounces back up to the 10 day moving average. This is what you don't want to see as the downtrend would continue and bring more selling pressure to the Nasdaq.
Bottom Line: Things are looking strong....keep an eye on the 10 day moving average and both the 1500 level on the downside and 1600 on the upside. Volume Has Been Rather Weak Lately which is a sign this rally could be fizzling out.
For more Technical Analysis, go HERE
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