Stock Market Closing Prices - 11/04/08
Dow Jones Industrial Average ( DJIA ) Close - 9625.28 Up 305
Nasdaq Stock Market Close - 1780 UP 54
S&P 500 Close - 1006 Up 39
Libor Rates - 11/04/08
1 Month - 2.18%
3 Month - 2.71%
Commodities Closing Prices - 11/04/08
Gold- 766
Oil- 69.95
Natural Gas- 7.25
The Dow Jones Industrial Average closed at 9625 on 11/04/08, as a relief rally swept through the stock market in anticipation that Barack Obama will win the election. The stock market is going up today because of certainty versus going down because of uncertainty which we had for all of October. The Stock Market Futures were up big this morning, The Dow Jones futures were actually up 230 points at one point with Libor Rates falling for the 7th straight day. The Dow Jones hit a high of 9633 today and traded above 9600 several times, but at 2pm est this all changed. The stock markets began to sell off, halving their gains by 3pm est before bouncing all the way back near the close. Everyday we get attempts to sell off the market in the last half hour only to bounce back near the close. Today at the close, we broke back up through 9633. This latest rally is strong! Oil and Natural Gas prices soared today & Jim Cramer gave a few stock picks at the end of the day today.
Stocks To Watch - Hot Stocks
Biggest Stock Gainers Today - 11/04/08
CIT Group ( CIT ) - CIT group was one of the hottest stocks for most of today
MasterCard ( MA ) & Visa ( V ) have been on fire all day...these two were stocks we mentioned this morning in our pre market trading report. Jim Cramer endorsed them later in the day. The volume is actually coming back to these two stocks which is very positive going forward!
Solar Stocks - First Solar ( FSLR ), Evergreen Solar ( ESLR ), Solarfun ( SOLF ), Energy Conversion Devices ( ENER ) have been hot all day with anticipation Barack Obama will win. Be careful with these stocks though, this looks like typical buy the rumor sell the news, some of these stocks are up 50% in a week and they have been predicting Obama to win for months now.
Hartford Financial ( HIG ) & Las Vegas Sands ( LVS ) have cooled down finally, they have been really weak at the end of the day today. I would only buy these two if they break through the highs of day from here on out.
Baidu.com ( BIDU ) has broken some resistance and has gone up 15% today, keep an eye on this stock!
Keep up to date on the latest in the stock market by going to my home page:
http://daytradingstockblog.blogspot.com/
Showing posts with label mastercard - ma. Show all posts
Showing posts with label mastercard - ma. Show all posts
Tuesday, November 4, 2008
Dow Jones Open 11/04/08 - Stock Market Report
The Dow Jones and Stock Market opened today 11/04/08 significantly higher then yesterdays close. On the day of the Presidential Election, the Dow Jones opened at 9500, up about 180 points. The S&P 500 was up 20 to 986, and the Nasdaq was up 25 to 1751. Why is the stock market up today? I think it has to do with Libor Rates being down today again today, and that we are just having a relief rally in the stock market. Wall Street hates uncertainty and the market has an Obama victory already priced in. It is looking almost certain that he will win tonight. Here is Art Cashin's views on the stock market and the election.
Biggest Stock Gainers Today - 11/04/08
CIT Group ( CIT ) - CIT is one of the biggest gainers today because the company made a deal with Wells Fargo ( WFC ) where CIT will have a new $500 Million line of credit. This is big news for CIT group!
Stem Cell Stocks: The Stem Cell Stocks, ASTM, STEM, GERN are worth watching today after yesterdays big day. I tlikeSTEM out of the three due to the volume and recent positive news. Stem came out with earnings this morning and reported a better then expected loss per share. A break above $2.28 and the next resistance is $2.53. I only like Stem if it breaks $2.28. Support is still at $2. Watch these levels closely.
Other Stocks to Watch - HIG, LVS, ABK, V, MA, PDO
As always, be sure to check my blog for the latest stock market updates
http://daytradingstockblog.blogspot.com/
Biggest Stock Gainers Today - 11/04/08
CIT Group ( CIT ) - CIT is one of the biggest gainers today because the company made a deal with Wells Fargo ( WFC ) where CIT will have a new $500 Million line of credit. This is big news for CIT group!
Stem Cell Stocks: The Stem Cell Stocks, ASTM, STEM, GERN are worth watching today after yesterdays big day. I tlikeSTEM out of the three due to the volume and recent positive news. Stem came out with earnings this morning and reported a better then expected loss per share. A break above $2.28 and the next resistance is $2.53. I only like Stem if it breaks $2.28. Support is still at $2. Watch these levels closely.
Other Stocks to Watch - HIG, LVS, ABK, V, MA, PDO
As always, be sure to check my blog for the latest stock market updates
http://daytradingstockblog.blogspot.com/
Thursday, October 9, 2008
General Motors ( GM ) 10/9/08 Dow Jones
General Motors was downgraded to credit watch negative.....plunging ( GM ) shares 30% to close around $4.90 per share.
The Dow Jones Average crashed 678 points today to 8579. So what is the problem? Tons of sellers, and very little buyers. Many big funds are stuck in stocks at significantly higher prices and have been forced to sell....or when we do get a big of a rally, they sell. Today's plunge took about 45 minutes.
A sign that this would happen: Many of the European Banks sold hard into the close earlier today in the Europe markets so that gave me a hint to this happening.
We are due for a major rally off the lows.....1000 - 1500 points but where those lows will be is a good question!
I'd like to see capitulation tomorrow morning so we can finally put in a bottom. I'd like to see a major gap down..... maybe hit 8,000 on the Dow and then a stampede of buying with heavy volume. The problem is we always get these big down days and rally right after them. At this point, we need everyone to puke up stocks and that will attractive big buyers. The sooner we get this over with, the sooner we will move higher!
The Asian markets will crash tonight....you will see losses you never would have thought possible. In Asia tonight, it is Friday over there.....last day of trading for the week. They have no idea how we will trade tomorrow so it will be worse for them!
My Stock Shopping List: GOOG, AAPL, FCX, ENER, V, MA....these are the stocks I am looking at buying on the cheap.
The Dow Jones Average crashed 678 points today to 8579. So what is the problem? Tons of sellers, and very little buyers. Many big funds are stuck in stocks at significantly higher prices and have been forced to sell....or when we do get a big of a rally, they sell. Today's plunge took about 45 minutes.
A sign that this would happen: Many of the European Banks sold hard into the close earlier today in the Europe markets so that gave me a hint to this happening.
We are due for a major rally off the lows.....1000 - 1500 points but where those lows will be is a good question!
I'd like to see capitulation tomorrow morning so we can finally put in a bottom. I'd like to see a major gap down..... maybe hit 8,000 on the Dow and then a stampede of buying with heavy volume. The problem is we always get these big down days and rally right after them. At this point, we need everyone to puke up stocks and that will attractive big buyers. The sooner we get this over with, the sooner we will move higher!
The Asian markets will crash tonight....you will see losses you never would have thought possible. In Asia tonight, it is Friday over there.....last day of trading for the week. They have no idea how we will trade tomorrow so it will be worse for them!
My Stock Shopping List: GOOG, AAPL, FCX, ENER, V, MA....these are the stocks I am looking at buying on the cheap.
Monday, October 6, 2008
Stock Market Reversal 10/06/08 - AAPL, MELI, GOOG
This afternoon, the Dow Jones reversed 500 points off its low in about an hour after hitting 9,525.
One of the first stocks to reverse on my watchlist was MercadoLibre ( MELI ) which started reversing well before everything else reversed.
Apple Computer ( AAPL ) showed the most strength for a large cap stock and Google ( GOOG ) was a laggard, still down more then 4% on the day.
Mastercard ( MA ) followed right behind Meli showing major strength.
The Dow Jones is set to close back over 10,000 at 10,015
http://blackberrystocks.com
http://blackberrystocks.com/hotstocks.html
One of the first stocks to reverse on my watchlist was MercadoLibre ( MELI ) which started reversing well before everything else reversed.
Apple Computer ( AAPL ) showed the most strength for a large cap stock and Google ( GOOG ) was a laggard, still down more then 4% on the day.
Mastercard ( MA ) followed right behind Meli showing major strength.
The Dow Jones is set to close back over 10,000 at 10,015
http://blackberrystocks.com
http://blackberrystocks.com/hotstocks.html
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