Dow Jones Analysis 6/5/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 6/5/09

Dow Jones Industrial Average Support & Resistance Levels - June 5, 2009

Resistance Levels: 8733, 9000

Support Levels: 8500, 8250, 8000

http://stockcharts.com/ - Chart

Stock Market Futures

The Dow Jones closed over the 200 day moving average for the first time in over a year today...a very bullish signal. I still like pullbacks to the 10 day moving average as well as the 50 day moving average. If the jobs number is not a disaster tomorrow, I am looking for a retest of 9000 in the coming weeks For More Technical Analysis - Go Here

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Dow Jones Close 6/4/09 - Stock Market Closing Prices

Stock Market Closing Prices - 6/4/09

Dow Jones Industrial Average ( DJIA ) Close - 8750.24 Up 74.96
Nasdaq Stock Market Close - 1850.02 Up 24.10
S&P 500 Close - 942.46 Up 10.70
http://dowjonesclose.com

Libor Rates - 6/4/09 - Mortgage Rates

Commodities Closing Prices - 6/4/09

Gold - 979.70
Oil - 68.82
Natural Gas - 3.86

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The Dow Jones Industrial Average closed at 8750 on 6/4/09, as the stock market went up on the day before we get the May jobs data which will be released Friday morning. The Dow Jones Futures opened the morning higher but right after the opening bell it was down 35 before bouncing back to even. From around 11am EST until the close, all major averages were up nicely. After a strong pullback on Wednesday, The price of Oil surged to a new 2009 high by hitting $69 per barrel. Natural Gas was down for most of the day but turned around near the close. Goldman Sachs is out with a prediction for $85 Oil by the start of 2010.
Check out some of the events I will be watching for Friday.

Check out my stocks to watch report for Friday. I will also have technical analysis of the stock market tonight - Right Here

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Stocks to Buy June 5, 2009 6/5/09

Thursday, during regular trading hours, there were many stocks that continued to break out to the upside. Below is a list of stocks that are worth watching for June 5, 2009. Also, check out the Biggest Stock Gainers of the Day. You can also find previous stocks to buy reports - Right Here

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Stocks to Watch - 6/5/09 - Stock Market Ideas

XTENT (XTNT) - XTNT stock was a rocket during the trading day on Thursday after the following news - XTENT, Inc. Receives Conditional Approval for Investigational Device Exemption of Custom NX(R) Drug Eluting Stent System from United States Food and Drug Administration. Expect this stock to be very active on Friday so keep it on your watch lists.

Novavax, Inc. (NVAX) - NVAX had some great news out on Thursday which cause the stock to make a run toward resistance at $3.

Hemispherx Biopharma, Inc. (HEB) - HEB broke to another 52 week high yet again on this news. Expect an FDA decision on their drug Ampligen within the next two trading days.
Yes, we have been talking about HEB for weeks now.

Antigenics Inc. (AGEN) - AGEN stock made a double top around the $3.30 level and then sold off. With the huge volume in AGEN, you cannot take it off your radars.

Cell Therapeutics, Inc. (CTIC) - CTIC stock failed to stay above $1.85 for the second straight day. Support is located in the mid $150's and also at $1.37. A close above $1.85 would be very bullish going forward.

Generex Biotechnology Corp. (GNBT) - GNBT was out with some interesting news on Thursday, it is a stock I will continue to watch closely.

XOMA Ltd. (XOMA) - XOMA started to break out during the afternoon hours on Thursday due to the following news. Keep an eye on it.

Direxion Daily Financial Bear 3X Shares (FAZ)
Direxion Daily Finan. Bull 3X Shs(ETF)(FAS) - FAS stock broke through $10 on Thursday morning and never looked back. If we get a good jobs number tomorrow, FAS could see the $11's. Pullbacks to $10 should be bought with a stop at $9.82.

Citigroup Inc (C:NYSE) - Citigroup was showing some nice strength on Thursday....maybe a sign that it is down going down? Support at $3.32-$3.34 has held twice....still waiting for that break above $4.00 for me to buy buy buy.

Bank of America Corp. (NYSE:BAC) - Bank of America is showing signs of life and is back over the 10 day moving average. A close over $12 would be very bullish and cause most of the shorts to start covering. Goldman Sachs upgraded BAC several weeks ago with a price target of $15.

General Electric Co. (GE) - GE stock continues to trade in the $13's. I am watching $14.38 and $14.55 as resistance levels

Other Stocks to Watch - June 5, 2009

First Industrial Realty Trust Inc. (FR)
Cowen Group, Inc. (COWN)
KeyCorp (KEY)
Canadian Solar Inc. (CSIQ)
Macerich Co. (MAC)
OncoGenex Pharmaceuticals, Inc. (OGXI)
ACADIA Pharmaceuticals, Inc. (ACAD)

Penny Stocks to Watch - 6/5/09

Medialink Worldwide Inc. (MDLK)
Synthesis Energy Systems, Inc. (SYMX)
GSI Group Inc. (GSIG)
Globalstar Inc. (GSAT)
Somaxon Pharmaceuticals, Inc. (SOMX)
Opko Health, Inc. (OPK)
ZIOPHARM Oncology, Inc. (ZIOP)
TerreStar Corporation (TSTR)
Oscient Pharmaceuticals Corp. (OSCI)
VIA Pharmaceuticals, Inc. (VIAP)
Alesco Financial Inc. (AFN)

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Biggest Stock Gainers 6/4/09 June 4, 2009

Today, June 4, 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

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Top Stocks 6/4/09 - Biggest Gainers Today

Novavax Inc (NVAX) - $2.64 Up 41.18% - Novavax and the NIH Agree to Evaluate a Virus-like Particle (VLP) Vaccine Candidate Against the Novel Influenza A (H1N1) Virus

Oculus Innovative Sciences, Inc. (OCLS) - $4.69 Up 39.58% - Oculus gets FDA nod for expanded use of skin, wound gel

Hemispherx Biopharma, Inc. (HEB) - $2.92 Up 14.51% - Japanese National Institute of Infectious Diseases Scientists Identify Hemispherx Biopharma's Drug Technology as the "Most Promising Mucosal Adjuvant for Influenza"

Cowen Group, Inc. (COWN) - $6.13 Up 26.65% - Cowen Group to merge with asset manager Ramius

Conns Inc. (CONN) - $12.23 Up 15.60% - Conn's Q1 tops Street, backs FY earnings view

Sycamore Networks Inc. (SCMR) - $3.50 Up 10.06% -Sycamore Networks, Inc. Reports Third Quarter Fiscal Year 2009 Financial Results

Synta Pharmaceuticals Corp. (SNTA) - $2.71 Up 10.61% - No News

Fifth Third Bancorp (FITB) - $7.15 Up 9.66% - Fifth Third Completes $1 Billion Common Stock Offering

Other Stock Gainers - June 4, 2009

Sinovac Biotech Ltd. (SVA)
G-III Apparel Group, Ltd. (GIII)
DynCorp International Inc. (DCP)
U.S. Global Investors, Inc. (GROW)
Star Scientific, Inc. (STSI)
KeyCorp (KEY)
Solarfun Power Holdings Co. Ltd. (SOLF)
Crosstex Energy LP (XTEX)
Crosstex Energy Inc. (XTXI)


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Hot Penny Stocks 6/4/09 June 4, 2009

Today, 6/4/09, 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. You can find ALL Penny Stock Reports Here

Penny Stock Gainers - June 4, 2009

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XTENT, Inc. (XTNT) - $0.77 Up 154.95% - XTENT, Inc. Receives Conditional Approval for Investigational Device Exemption of Custom NX(R) Drug Eluting Stent System from United States Food and Drug Administration

Somaxon Pharmaceuticals, Inc. (SOMX) - $1.10 Up 26.44% - No News

Generex Biotechnology Corp. (GNBT) - $0.61 Up 32.24% - Generex to Present Positive Study Data At American Diabetes Association Scientific Sessions 2009

Synthesis Energy Systems, Inc. (SYMX) - $1.53 Up 34.21% - No News

Petro Resources Corp. (PRC) - $0.82 Up 18.78% - No News

Oscient Pharmaceuticals Corp. (OSCI) - $0.32 Up 11.90% - No News

SourceForge, Inc. (LNUX) - $1.40 Up 17.65% - No News

Cortex Pharmaceuticals Inc. (COR) - $0.28 Up 14.62% - No News

VIA Pharmaceuticals, Inc. (VIAP) - $0.81 Up 22.73% - VIA Pharmaceuticals' DGAT1 Inhibitors Featured in American Diabetes Association Poster Presentation

deCODE genetics Inc. (DCGN) - $0.50 Up 12% - No News

Nutrition 21 Inc. (NXXI) - $0.28 Up 16.49% - No News

Dyax Corp. (DYAX) - $1.86 Up 13.41% - Dyax Corp. to Present at the Needham Life Sciences Conference

Other Stocks Gainers - 6/4/09

Thermogenesis Corp. (KOOL)
Teton Energy Corp. (TEC)
Pacific Ethanol, Inc. (PEIX)
Globalstar Inc. (GSAT)
AVI Biopharma, Inc. (AVII)
XOMA Ltd. (XOMA)
Barzel Industries Inc. (TPUT)

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Novavax NVAX Stock News 6/4/09 June 4 2009

Novavax, Inc. (NVAX), the orignal swine flu momentum stock, is rising today ( $2.60 ) on follow up news on their H1N1 vaccine. Discuss NVAX - Discuss stocks - http://stockstobuy.org


Novavax and the NIH Agree to Evaluate a Virus-like Particle (VLP) Vaccine Candidate against the Novel Influenza A (H1N1) Virus

Company completes initial steps towards producing Influenza A (H1N1) VLP vaccine
for animal and human testing


Novavax, Inc. (NASDAQ: NVAX) and the Division of Microbiology and Infectious Diseases (DMID) of the National Institute of Allergy and Infectious Diseases (NIAID), National Institutes of Health (NIH) have signed an agreement to cooperate in the evaluation of a virus-like particle (VLP) vaccine candidate against the novel influenza A (H1N1) virus. Novavax has produced influenza A (H1N1) VLP vaccine against the strain recommended by the Centers for Disease Control and Prevention (CDC).

http://www.novavax.com/download/releases/H1N1FO21.pdf

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Baltic Dry Index Shipping Rates 6/4/09 BDI

The BDI data is critical for how the DryBulk Shipping Stocks such as DryShips Inc ( DRYS ), Excel Maritime Carriers Ltd( EXM ), Diana Shipping Inc ( DSX ), Genco Shipping & Trading Limited ( GNK ), TBS International Limited ( TBSI ), Navios Maritime ( NM ), Eagle Bulk Shipping Inc. ( EGLE ), Paragon Shipping Inc. ( PRGN ), Star Bulk Carriers Corp. ( SBLK ), and OceanFreight Inc ( 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!
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Dry Bulk Shipping Rates - June 4, 2009 - Down 1 Straight Day

Baltic Dry Index ( BDI ) - 4093 Down 198
Baltic Cape Index ( BCI ) - 7561 Down 586
Baltic Panamax Index ( BPI ) - 3431 Down 74
Supramax Index ( BSI ) - 1856 Down 6
Past Bulk Shipping

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Intel INTC Buys Wind River Systems WIND - $11.50 Per Share

Intel Corporation (INTC) will be buying Wind River Systems, Inc. (WIND) for $11.50 per share on 6/4/09.

June 4, 2009 – Intel Corporation has entered into a definitive agreement to acquire Wind River Systems Inc, under which Intel will acquire all outstanding Wind River common stock for $11.50 per share in cash, or approximately $884 million in the aggregate. Wind River is a leading software vendor in embedded devices, and will become part of Intel’s strategy to grow its processor and software presence outside the traditional PC and server market segments into embedded systems and mobile handheld devices. Wind River will become a wholly owned subsidiary of Intel and continue with its current business model of supplying leading-edge products and services to its customers worldwide.

"This acquisition will bring us complementary, market-leading software assets and an incredibly talented group of people to help us continue to grow our embedded systems and mobile device capabilities," said Renee James, Intel vice president and general manager of the company’s Software and Services Group. "Wind River has thousands of customers in a wide range of markets, and now both companies will be better positioned to meet growth opportunities in these areas."

"Our combination of strengths will be of great benefit to Wind River’s existing and future customers," said Ken Klein, Wind River Chairman, president and CEO. "As a wholly owned subsidiary, Wind River will more tightly align its software expertise to Intel’s platforms to speed the pace of progress and software innovation. We remain committed to continuing to provide leading solutions across multiple hardware architectures and delivering the same world-class support to which our customers have grown accustomed."

http://www.windriver.com/news/press/pr.html?ID=6921

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Mortgage Rates Today 6/4/09 June 4, 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 - 6/4/09

40-Year Fixed 6.625% 6.827%
30-Year Fixed 5.375% 5.593%
20-Year Fixed 5.375% 5.669%
15-Year Fixed 4.875% 5.241%
5-Year ARM 4.250% 4.212%

FHA Loan - 30 yr fixed - 5.50% 6.17%

For Previous Mortgage Rates - Click Here

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1 and 3 Month Libor Rates - 6/4/09 - Today's Libor Rates

It seems as though everyone is watching Libor rates these days. Today's Libor Rates for 6/4/09, are: 1 Month Libor Rate - 0.318%. & 3 Month Libor Rate - 0.629%. The overnight Libor rate is 0.261%. As you can see, Libor Rates have changed today, June 4, 2009. The 1 and 3 month libor rates went down while the overnight libor rate stayed the same.

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

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