Dow Jones Analysis 3/12/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 3/12/09

Dow Jones Support & Resistance Levels - March 12, 2009 - DJI

Resistance Levels: 7000, 7449, 7500, 7552

Support Levels: 6840, 6500, 6310, 6000

http://stockcharts.com/ - Chart

Stock Market Futures

The Dow Jones went up two straight days and ended over its 10 day moving average once again. This is very bullish going forward but I still expect us to retest the lows again at some point. I feel this rally could extend up to the 7400-7500 level in the next several weeks. At this point, the 10 day moving average will act as a nice support level but if we close below it two consecutive days, we may have problems. For More Technical Analysis - Go Here

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Nasdaq Analysis 3/12/09 March 12, 2009

The following is Technical Analysis for the Nasdaq ( IXIC ) for 3/12/09

Nasdaq Support & Resistance Levels - March 12, 2009

Resistance Levels: 1400, 1456

Support Levels: 1336, 1300, 1253.22, 1193.42, 1108.49

http://stockcharts.com - Chart

Stock Market Futures

The Nasdaq had another great day today, closing above the 10 day moving average for the second straight day. The 10 day moving average is at 1336 so it is important that we inch up slowly instead of having these huge moves higher. Over the next few days this moving average will move higher and i'd expect us to at least retest this level as it will offer support. On the upside, i'd be selling a move toward the 50 day moving average around 1484. Keep in mind, by the time the Nasdaq gets there it will be around 1450-1460. Things are looking solid for the Nasdaq right now, but we will see what happens when the 10 day moving average is tested once again. For More Technical Analysis - Go Here

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Dow Jones Close 3/11/09 - Stock Market Closing Prices

Stock Market Closing Prices - 3/11/09

Dow Jones Industrial Average ( DJIA ) Close - 6930.40 Up 3.91
Nasdaq Stock Market ( IXIC ) Close - 1371.64 Up 13.36
S&P 500 Close - 721.35 Up 1.75
http://dowjonesclose.com

Libor Rates - 3/11/09

Commodities Closing Prices - 3/11/09

Gold - 908
Oil - 42.90
Natural Gas - 3.83

The Dow Jones Industrial Average ( DJI ) closed at 6930 on 3/11/09, as the stock market performed very well a day after stocks spiked to the upside on the Citigroup ( C ) news. The Dow Jones Futures were higher in pre market and the Dow Jones tried to sell off right after the open but then resumed yesterdays move higher. The Nasdaq was very strong all day long! The Bank Stocks were higher in the morning but then declined in afternoon. At about 3pm, the bank stocks moved higher with the stock market. Back to the Nasdaq, Apple ( AAPL ), Research in Motion ( RIMM ), Google ( GOOG ), and Amazon ( AMZN ) were very strong today. Money seems to be coming back to technology stocks again.

Oil Prices: 3/11/09 - This morning the oil market received some bearish news in the form of gasoline inventories. This caused Oil to drop big. Oil closed under $43 and appears very weak. Gold prices appeared to have found support around $900 and have traded up to $917 at one point today.

All major stock market indexes have closed over their 10 day moving averages for the second straight day, a very bullish sign. It is way to early to call a stock market bottom until we retest the recent lows again and they hold. Right now, we are still oversold and I believe we will continue to move higher in this bear market rally. I could see the Dow Jones going toward the next major resistance level at 7400-7500 before failing again.

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

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Stock Earnings 3/12/09 March 12, 2009

As the major stock market indexes remain over their 10 day moving averages, things are looking good as the lack of selling continues today. The fact that every dip has been bought since the open is a great sign going forward. The following companies will report earnings tomorrow, March 12th.

Companies Reporting Earnings for March 12, 2009

ReneSola SOL - 3/12 8am -1.43EPS

Aeropostale ARO - 3/12 4pm 1.00EPS

Pacific Sunwear PSUN - 3/12 4pm -.50EPS

Jones Soda JSDA - 3/12 4pm -.09EPS

Smith & Wesson SWHC - 3/12 4pm .02EPS

Zumiez Inc. ZUMZ - 3/12 4pm .19EPS

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CHK BIDU GOOG Analysis 3/11/09 - March 11, 2009

I updated the following technical anlaysis stock charts at http://blackberrystocks.com/charts.html

Technical Analysis Updates: March 11, 2009

Chesapeake Energy - CHK
Google - GOOG
Baidu - BIDU

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Biggest Stock Gainers 3/11/09 March 11, 2009

Today, March 11, 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 3/11/09 - Biggest Gainers Today

Ferro ( FOE ) - $2.50 Up 147% - Ferro Announces Completion of Credit Facility Amendment

Bowne & Company ( BNE ) - $1.46 Up 103.31% - Catalog Printer Fights Through Hard Times, mentions BNE. I don't see any other news for BNE stock.

Protective Life ( PL ) - $4.97 Up 35.61% - Now news, oversold stock getting a nice bounce.

Lincoln National ( LNC ) - $7.46 Up 16.93% - Financial stocks surge amid Citi profit estimate

GMX Resources Inc. ( GMXR ) - $8.10 Up 14.82% - GMXR Announces Receipt of Shareholder Letter. Basically a shareholder is asking the company to explore options. GMXR has some nice assets in the haynesville shale natural gas field. You can see all companies in the haynesville shale right here.

Other Gainers: BANR, FFG, HW, PACR, USB

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Hot Penny Stocks 3/11/09 March 11, 2009

Today, 3/11/09, 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 11, 2009

Crosstex Energy ( XTXI ) - $1.74 Up 62.91% - XTXI and XTEX are surging because of oversold conditions. I cannot find any news but these two companies are involved in the Haynesville Shale Natural Gas Field. During the Natural gas boom in 2008, this stock was on fire! Check out the haynesville shale companies.

Cascade Bancorp ( CACB ) - $1.78 Up 59% - No news I can find, bank stocks are bouncing today!

Petroquest Energy ( PQ ) - $1.37 Up 36% - PQ is up because of an oversold bounce, PQ is involved in the Woodford Shale, Haynesville Shale, and Fayetteville Shale Natural Gas field.

Office Depot ( ODP ) - $1.11 Up 19.57% - Office Depot shares soar after 1Q update

Other Top Penny Stocks Today - AIB, ABK, C

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Baltic Dry Index Shipping Rates 3/11/09 BDI

The following is a report on Dry Bulk Shipping Rates for 3/11/09. 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 11, 2009 - Down 1 Straight Day


Baltic Dry Index ( BDI ) - 2271 Down 27
Spot 4 - TC Average - 26896 Down 1187
Baltic Cape Index ( BCI ) - 2706 Down 101
Baltic Panamax Index ( BPI ) - 2401 Down 16
Supramax Index ( BSI ) - 1735 Up 7
Past Bulk Shipping Rates


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Bank Stocks 3/11/09 March 11, 2009 - BAC

Today, 3/11/09, the bank stocks are higher after Citigroup's ( C ) CEO Vikram Pandit came out and said that Citi is profitable through February. The Stock Market rallied huge yesterday after this news!

Banking Stock Update - March 11, 2009 - Pre Market


Citigroup ( C ) - $1.57 Up 8.28% - 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.

Bank of America ( BAC ) - $5.30 Up 5.65% - Bank of America continues to go higher on the citi news. Also, Jim Cramer was out on Mad Money stating that one of his technicians said BAC stock could go back into the teens.

Wells Fargo ( WFC ) - $12.47 Up 5.56% - WFC stock up another 5%, Warren Buffett loves this stock.

General Electric ( GE ) - 9.13 Up 3%

Financial Bull 3X ( FAS ) - $4.02 Up 7.77%

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1 and 3 Month Libor Rates - 3/11/09 - Today's Libor Rates

It seems as though everyone is watching Libor rates these days. Today's Libor Rates for 3/11/09, are: 1 Month Libor Rate - 0.557% & 3 Month Libor Rate - 1.326%. The overnight Libor rate is 0.329%. As you can see, Libor Rates have changed today, March 11th, 2009. All three Libor rates went down today. Here are Previous Libor rates. You can also compare Libor Rates to how the Dow Jones traded.

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