Stock Market April 21, 2009 4/21/09

The Stock Market was in sell off mode Monday as financials led the downdraft. Stocks such as Citigroup ( C ) and Bank of America ( BAC ) were hit hard. The financial bull 3x ( FAS ) tumbled below the 10 day moving average of $8.08. This is a key level I will be watching over the next several days. Below is a list of news events to watch in the stock market for Tuesday, April 21st.

Stock Market April 21, 2009

Earnings Reports due out in the Morning:


Brinker EAT 4/21 8am .29EPS

Bank of New York BK 4/21 8am .64EPS

Caterpillar CAT 4/21 8am .10EPS

Dupont DD 4/21 8am .54EPS

Huntington Bancshares HBAN 4/21 8am -.08EPS

Merck MRK 4/21 8am .77EPS

Schering-Plough SGP 4/21 8am .47EPS

State Street STT 4/21 8am 1.05EPS

Coca-Cola KO 4/21 8am .65EPS

Economic Data: None!


Advanced Micro Devices AMD 4/21 4pm -.66EPS

Broadcom BRCM 4/21 4pm .02EPS

Capital One COF 4/21 4pm .06EPS

Norfolk Southern NSC 4/21 4pm .55EPS

San Disk SNDK 4/21 4pm -.73EPS


I will post my stocks to watch list later today, Right Here

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

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Biggest Stock Gainers 4/20/09 April 20, 2009

Today, April 20, 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


Superconductor Technologies Inc. (SCON) - $2.39 Up 56.00% - No News

Direxion Financial Bear 3X Shares (FAZ) - $10.43 Up 17.14% - FAZ is ripping higher as the financials get hit hard on Bank of America's ( BAC ) earnings report. If you take two one time gains out, BAC actually came near break even. Things are still pretty bad for the company. FAS is also breaking down through the 10 day moving average which is causing more upside in FAZ shares.

Other Short ETF's moving higher today:

Direxion Small Cap Bear 3X Shares (TZA)
UltraShort Financials ProShares (SKF)
UltraShort Basic Materials ProShares (SMN)
PowerShares DB Crude Oil Dble Short ETN (DTO)

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

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Mortgage Rates Today 4/20/09 April 20, 2009

Housing Bottom? One of the things I watch for regarding a possible housing bottom are daily mortgage rates. Below is list of Today's Mortgage Rates out of Wells Fargo.


Loan Type Interest Rate APR

40-Year Fixed 6.500% 6.700%
30-Year Fixed 4.875% 5.086%
20-Year Fixed 5.000% 5.289%
15-Year Fixed 4.625% 4.989%
5-Year ARM 4.125% 4.407%

For Previous Mortgage Rates - Click Here


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Hot Penny Stocks 4/20/09 April 20, 2009

Today, 4/20/09, 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 - April 20, 2009

Superconductor Technologies Inc. (SCON) - $2.45 Up 60% - No News

NetSol Technologies Inc. (NTWK) - $0.60 Up 36.34% - No News

Conexant Systems Inc. (CNXT) - $1.61 Up 26.77% - Earnings April 30, 2009

Autobytel Inc. (ABTL) - $0.37 up 23.33% - Trilogy Enterprises Announces Cash Tender Offer for Autobytel at $0.35 Net per Share - ABTL stock is trading above the tender so investors are betting this offer will be raised.

SIRIUS XM Radio Inc. (SIRI) - $0.57 Up 14.00% - SIRI stock is breaking out on technicals - refer to my previous post.

Cell Genesys, Inc. (CEGE) - $0.54 Up 10.37% - CEGE rising as DNDN stock rips higher

Quantum Corp. (QTM) - $1.37 Up 8.73% - No News, but QTM is on the Top Penny Stocks in 2009 list.

Bionovo Inc. (BNVI) - $0.48 Up 26.32% - Bionovo Announces Publication of Data on Active Compound and Mechanism of Action for Its Preclinical Cancer Treatment, BN108

Basin Water Inc. (BWTR) - $0.54 Up 22.86% - No News

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

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Baltic Dry Index Shipping Rates 4/20/09 BDI

The following is a report on Dry Bulk Shipping Rates for 4/20/09. 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 - April 20, 2009 - Up 6 Straight Days


Baltic Dry Index ( BDI ) - 1737 Up 55
Spot 4 - TC Average - 21151 Up 1000
Baltic Cape Index ( BCI ) - 2285 Up 76
Baltic Panamax Index ( BPI ) - 1612 Up 55
Supramax Index ( BSI ) - 1279 Up 38
Past Bulk Shipping


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Stock Market News April 20, 2009 4/20/09

This morning, 4/20/09, there are several news events that are causing the stock market futures to trade lower as we start one of the busiest weeks for earnings.

Stock Market News - April 20, 2009

Bank Nationalization: US May Convert Banks' Bailouts to Equity Share - Top story of the day in my opinion...futures are tanking on this news!

Bank of America ( BAC ) - BAC reports earnings of .44 cents per share. B of A stock is dropping on this earnings news as investors sell the news.

TARP Repayment: U.S. to put conditions on TARP repayment: report

Jack Bouroudjian, CNBC - Jack Bouroudjian came on CNBC this morning and stated that after he predicted the latest jaw dropping rally, it is time to go back and retest the lows in the next 6 weeks. Jack is one of the few traders I follow out there in Wall Street. Bouroudjian has been spot on over the past year. Art Cashin also said on Friday that he sees a strong pullback coming in the markets. I will be watching 8000 on the Dow closely!

Oracle ( ORCL ) - Sun Micro ( SUNW ) - Oracle to buy Sun Micro for $9.50/share

Stocks to Watch Today -Right Here

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1 and 3 Month Libor Rates - 4/20/09 - Today's Libor Rates

It seems as though everyone is watching Libor rates these days. Today's Libor Rates for 4/20/09, are: 1 Month Libor Rate - 0.443%. & 3 Month Libor Rate - 1.101%. The overnight Libor rate is 0.223%. As you can see, Libor Rates have changed today, April 20, 2009. All three Libor rates fell today.

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

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FAS - FAZ Stock Analysis April 20, 2009

The Direxion Financial Bull 3X Shares ETF ( FAS ) and the Direxion Financial Bear 3X Shares ETF ( FAZ ) have been very active over the past six months. The following is technical analysis on Financial Bull ( FAS ) for 4/20/09. Knowing the support and resistance levels of FAS will help you trade FAZ.

Fas Support and Resistance Levels - April 20, 2009

Resistance Levels: $10.05, $12.53

Support Levels: $8.70, $7.98

http://stockcharts.com - Chart

FAS stock is approaching previous resistance of $10.05 after successfully holding the 10 day moving average last week. A close below the 10 day moving average from this point on ( currently at $7.98 ) will be the first sign of weakness since late March. If FAS can close above $10.05 there is a possibility of testing $12.53 but I think FAS has run to far to fast and a pullback is likely. I am now trading FAZ unless FAS breaks up through $10.05.

For More Technical Analysis - Go Here

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Dow Jones Futures 4/20/09 Stock Market Futures

How will the stock market open on Monday - April 20, 2009? The Dow Jones and Stock Market Futures are pointing to a lower open for pre market. Check out technical analysis for April 20.

Futures Dropping on News and weakness in financial stocks

Stock Market Futures 4/20/09 - Pre Market Trading - Updated 8:30am EST

Dow Jones Futures - Down 144
S&P 500 Futures - Down 16.80
Nasdaq Futures - Down 29.30
Nikkei - 8925 Up 17
Oil Futures - 47.61
Gold Futures - 872.80

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

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Citigroup C Stock 4/20/09 April 20, 2009

The following is a little Citigroup ( C ) stock technical analysis for April 20, 2009

Citigroup Support & Resistance Levels - 4/20/09

Resistance Levels: $4.00, $4.16, $4.48, $5.00

Support Levels: $3.50, $3.35, $3.32, $3.00

http://www.stockcharts.com

Citigroup stock broke back below $4 on Friday but held the $3.50 level several times. I am watching the 10 day moving average currently located at $3.35. A close below the 10 day moving average would be a bad sign and i'd look for $2.90-$3.00 to be tested. Citi can go either way at this point so watch the 10 day moving average and previous resistance at $3.89 for the next trend. It is possible that the run is over for the short term. For More Technical Analysis - Go Here

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