Uptick Rule Barney Frank March 10, 2009

Barney Frank is out today, March 10, 2009, saying that he expects the uptick rule to be restored within the next month. The Stock Market is running wild today, the news just keeps getting better. The uptick rule will slow down declines when the stock market is going down.

What is the uptick rule?

( From Wikipedia ) The uptick rule is a securities trading rule used to regulate short selling in financial markets. The rule mandates, subject to certain exceptions, that, when sold, a listed security must either be sold short at a price above the price at which the immediately preceding sale was effected or at the last sale price if it is higher than the last different price.

Stock Market Highlights Today - 3/10/09

Citigroup Profitability

Mark Haines Bottom Call

Now... Barney Frank's Uptick Rule Statement

Keep an eye on the Dow Jones going into the close because 6844 is where the 10 day moving average is currently located. A close over this level would be HUGE! you can see a new chart of this tonight - Right Here

For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free

Stock Earnings 3/11/09 March 11, 2009

As Wall Street soars on the Citigroup profitablity news and the Mark Haines bottom call, the following companies will report earnings tomorrow, March 11th.

Companies Reporting Earnings for March 11, 2009

American Eagle AEO - 3/11/09 8am .20EPS

Vail Resorts MTN - 3/11/09 8am 1.29EPS

LDK Solar LDK - 3/11/09 8am -.84EPS

Staples SPLS - 3/11/09 8am .42EPS

TBS International TBSI - 3/11/09 4pm .72EPS

Hott Topic HOTT - 3/11/09 4pm .31EPS

Oceanfreight ONCF - 3/11/09 4pm . 34EPS


Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index

For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free

Biggest Stock Gainers 3/10/09 March 10, 2009

Today, March 10, 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

Citigroup is causing today's stock market rally as well as the Mark Haines Bottom Call.


Hot Stocks 3/10/09 - Biggest Gainers Today

Gaylord Entertain ( GET ) - $6.70 Up 36.70% - Gaylord Entertainment ends proxy battle

United Community Banks ( UCBI ) - $3.00 Up 26.58% - Up on the Citi news

Lincoln National ( LNC ) - $6.43 Up 28% - LNC going up on the Citi news

Casey's General Stores ( CASY ) - $23.60 Up 25% - Casey's General Stores posts higher 3Q profit

Financial Bull 3X ( FAS ) - $3.39 Up 25% - FAS up big as the financials move higher on the Citi news above.

Bank of America ( BAC ) - $4.68 Up 24.56% - B of A is higher because of the Citigroup news.

Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index

For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free

Mark Haines CNBC 3/10/09 Haines Bottom

Mark Haines, CNBC anchor with Erin Burnett, was on CNBC this morning, 3/10/09, and gave comments and stock market predictions. Mark Haines has called , " The Stock Market Bottom " due to various indicators he follows. I guess we are calling this the " Haines Bottom. "

Mark Haines says that the Dow Jones is off 67% of the 200 day moving average and he thinks this is a great place for the market to rally and form a bottom. Haines hasn't called a bottom until today and he feels strongly about his call.

As for Erin Burnett, she seems skeptical about the great Legend Mark Haines calling the bottom for stocks in March of 2009.

Only time will tell! Citigroup is helping Mark out today however!

For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free

Hot Penny Stocks 3/10/09 March 10, 2009

Today, 3/10/09, 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 - March 10, 2009


Las Vegas Sands ( LVS ) - $1.73 Up 22% - Las Vegas Sands told COO he was being replaced. Las Vegas Sands told President and COO Weidner he was being replaced, then Weidner resigns


General Growth Properties ( GGP ) - $0.45 Up 18.42% - General Growth asks bondholders for more time


Fifth Third Bancorp ( FITB ) - $1.56 Up 12.23% - FITB going up on the citigroup news.


Genworth Financial ( GNW ) - $1.02 Up 12.09% - GNW going up on the citigroup news.


Citigroup ( C ) - $1.25 Up 19.05% - CEO Vikram Pandit says company profitable through Feb 2009.

Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index

For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free

Baltic Dry Index Shipping Rates 3/10/09 BDI

The following is a report on Dry Bulk Shipping Rates for 3/10/09. 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 - March 10, 2009 - Up 8 Straight Days

Baltic Dry Index ( BDI ) - 2298 Up 36
Spot 4 - TC Average - 28083 Down 299
Baltic Cape Index ( BCI ) - 2807 Down 24
Baltic Panamax Index ( BPI ) - 2417 Up 101
Supramax Index ( BSI ) - 1728 Up 15
Past Bulk Shipping Rates

For More Stock Market Updates, visit , http://daytradingstockblog.blogspot.com/ or Subscribe for FREE

Bank Stocks 3/10/09 March 10, 2009 - Citi

Today, 3/10/09, the bank stocks are higher as Citigroup's ( C ) CEO Vikram Pandit has come out and says that Citi is profitable through February. Citigroup Inc. has been operating at a profit through the first two months of the year, according to a letter that the bank's chief executive sent to employees. This news is stunning and is the type of news, if true, could really turn the stock market around quickly.

Banking Stock Update - March 10, 2009

Citigroup ( C ) - $1.17 Up 11.43% - In the letter sent Monday, CEO Vikram Pandit said Citi had an operating profit of $8.3 billion before taxes and special items through February. Pandit said the first-quarter performance so far has been the bank's best since the last time it recorded net income for a full quarter -- that was in the July-September period in 2007.

Barclays ( BCS ) - $3.92 Up 17.72% - Barclays upgraded to outperform at Credit Suisse

Financial Bull 3X ( FAS ) - $3.17 Up 17.41% - FAS up on the Citi news, FAZ tanking

Bank of America ( BAC ) - $4.22 Up 12.53% - BAC up on the Citigroup news

Wells Fargo ( WFC ) - $10.98 Up 11.12%
General Electric ( GE ) - $7.78 Up 4.99%

Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index

For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free

1 and 3 Month Libor Rates - 3/10/09 - Today's Libor Rates

It seems as though everyone is watching Libor rates these days. Today's Libor Rates for 3/10/09, are: 1 Month Libor Rate - 0.564% & 3 Month Libor Rate - 1.331%. The overnight Libor rate is 0.330%. As you can see, Libor Rates have changed today, March 10th, 2009. The overnight and three Libor rates went up today while the 1 month libor stayed the same.

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

For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free

Dow Jones Futures 3/10/09 - Stock Market Futures

How will the stock market open on Tuesday - March 10, 2009? The Dow Jones and Stock Market Futures are pointing toward a higher open for pre market as the CEO of Citigroup ( C ) says they are operating at a PROFIT through February. Check out technical analysis for March 10th.

Stock Market Futures 3/10/09 - Pre Market Trading - Updated 8:15am EST

Dow Jones Futures - Up 113
S&P 500 Futures - Up 14
Nasdaq Futures - Up 15
Nikkei - 7054 Down 34
Oil Futures - 47.80
Gold Futures -909.90

Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index

For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free

Dow Jones Analysis 3/10/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 3/10/09

Dow Jones Support & Resistance Levels - March 10, 2009 - DJI

Resistance Levels: 6750, 6900, 7000, 7449, 7500, 7552

Support Levels: 6500, 6310, 6000

http://stockcharts.com/ - Chart

Stock Market Futures

The Dow Jones bounced off of 6500 today and failed to make a new 52 week low but was still down 80 points. Support at 6500 has been solid over the past 3 days but if we start going toward the low 6400's I think we will retest the 6310 level. A break below that level and 6000 will most likely be tested. Keep an eye on the 10 day moving average, once we get a close over this level I think we will see a nice recovery...as long as we stay below it, the stock market is vulnerable! For More Technical Analysis - Go Here

Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index

For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free