Dow Jones Close 11/21/08 - Stock Market Closing Prices

Stock Market Closing Prices - 11/21/08

Dow Jones Industrial Average ( DJIA ) Close - 8046.42 Up 494.37
Nasdaq Stock Market Close - 1384.35 Up 68.23
S&P 500 Close - 800.01 Up 47.57

Libor Rates - 11/21/08

1 Month - 1.40%
3 Month - 2.16%

Commodities Closing Prices - 11/21/08

Gold - 800.70
Oil - 50.53
Natural Gas - 6.51

The Dow Jones Industrial Average closed at 8047 on 11/21/08, as investors learned late in the trading day that Timothy Geithner will be the new Treasury Secretary under Barack Obama. The Stock Market Futures were up big this morning, The Dow Jones futures were actually up 180 at one point but stocks sold off after Citigroup ( C ) fell below $4 per share. The Dow Jones hit a low of 7449 today but when the Geithner news was announced, the stock market exploded to the upside! I will have new Dow Jones Technical Analysis posted HERE this weekend. Get ready for more short covering and buying on Monday!

Today's Biggest Gainers - 11/21/08

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Art Cashin CNBC 11/21/08 - Citigroup C

Art Cashin was on CNBC this morning, 11/21/08, talking about the markets and Citigroup C.


I think the rumor mongers are still into this game, we just need things to calm down and it will be fine with Citigroup (C).

Options expiration today: We have to see what they do in the final hour... maybe we tip toe into the weekend, regroup Monday, and maybe see if we are in the bottoming phase next week.

See All of Art Cashin's Comments HERE

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Mohamed El Erian Pimco CNBC 11/21/08 Comments

Mohamed El Erian, Pimco's CEO, which is the worlds largest bond investment firm, was on CNBC 11/21/08 and gave some comments about the Stock Market. Mohamed El Erian is a very bright man and knows what he is talking about.

This is a crisis of the system, and now within the system - rather then look for a market bottom, look for how the crisis will morph next. GDP has been falling off a cliff, the stock market is now realizing this and pricing it in. We are looking at 4th quarter GDP that could be down 4 or 5%.

We are witnessing a redefinition of long term market landscape. I was in the Middle East two weeks ago, you would expect them to be stepping in and buying these mispriced assets but they are not, they are confused.

The bond market is telling you this is about massive liquidation, there is a heart attack in the system. It has gone from deleveraging to massive liquidation.

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1 and 3 Month Libor Rates - 11/21/08 - Today's Libor Rates

It seems as though everyone is watching Libor rates these days. Today's Libor Rates for 11/21/08, are: 1 Month Libor Rate - 1.40% & 3 Month Libor Rate - 2.16%. The overnight Libor rate is 0.70%. As you can see, Libor Rates have changed today, November 21, 2008, the overnight Libor Rate REALLY shot up . Here are Previous Libor rates.

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Stock Market Futures 11/21/08 - Dow Jones

Today, 11/21/08, the Stock Market and Dow Jones Futures are pointing significantly higher after yesterdays late day sell off. Asian and European Markets bounced today which has put a spike higher in our markets. Dell ( DELL ) also came out with pretty good earnings numbers last night as the company continues to cut costs each quarter. So far, its looking like a good day ahead. For Technical Analysis - Check Out my latest CHART

Stock Market Futures - November 21st, 2008

Dow Jones Futures - Up 179
Nasdaq Futures - Up 31
S&P 500 Futures - Up 19

Asian Markets 11/21/08

Nikkei Close - 7911 Up 208
Hang Seng Close - 12764 Up 361

For the latest stock market updates, visit, http://daytradingstockblog.blogspot.com/

Dow Jones Analysis 11/21/08 - Stock Market

The following is Stock Market Technical Analysis for the Dow Jones ( DJIA ) for 11/21/08

Dow Jones Support & Resistance Levels - November 21, 2008

Resistance Levels: 7773, 8000, 8175

Support Levels: 7500, 7000

Today the Dow Jones broke the Oct 10th low's of 7773. You are seeing the Volatility Index ( VIX ) spike above 80 with this panic. We hit my first level of support at the close, between 7500-7600. If 7500 does not hold tomorrow I am looking for 6900-7100 to buy. It will most likely be quick and you could really get a rip roaring rally from that point. You might even see 8000 after 7000 is hit - It wouldn't surprise me at all in this stock market. The VIX could spike back into the 90's. Both 7773 and 8000 were support, but now will be resistance and people will be selling at these levels. Keep this in mind when you are trading. Also, a huge area of resistance is around 8175 -8190 which were the highs today.....when we close above this level, you could see a push up to 8500. Check out my previous Dow Jones Charts.

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