Dow Jones Close 12/12/08 - Stock Market Closing Prices

Stock Market Closing Prices - 12/12/08

Dow Jones Industrial Average ( DJIA ) Close - 8629.68 Up 63.96
Nasdaq Stock Market Close - 1540.72 Up 32.84
S&P 500 Close - 879.74 Up 6.15
http://dowjonesclose.com

Libor Rates - 12/12/08

1 Month - 1.04%
3 Month - 1.921%

Commodities Closing Prices - 12/12/08

Gold - 820.50
Oil - 46.69
Natural Gas - 5.56

The Dow Jones Industrial Average closed at on 8629 12/12/08, as we got horrible auto bailout news last night which pushed the stock market futures down in a big way this morning. The Dow Jones bounced off of 8150 in pre market trading this morning and it will all up hill from there. This is the second straight Friday where the stock market has gone up on bad news, a very positive sign. The Nasdaq was the strongest market today as Tech Stocks rallied the most. I love the Nasaq over 1500 and the Dow Jones over 8500 so as long as they stay over those two levels, they will be fine. The bailout is still not a done deal and the White House has yet to act. Many think the money will come from the TARP program. Next week will be a busy week! We have the Fed Meeting as well as Goldman Sachs ( GS ) earnings December 16th. I will have full technical analysis of the markets over the weekend Right Here.

Todays Biggest Stock Gainers
Top 2008 Stock Gainers

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Dow Jones Open 12/12/08 - Stock Market

Today, 12/12/08, the Stock Market and Dow Jones have come off their lows as the White House put out a statement saying they are prepared to step in and help the automakers. The Dow Jones Futures were down around 300 this morning but we have gone up 200 points from the low. The Dow is testing key resistance that was support of 8500. We'll see where we close today but make sure you keep an eye on the GMAC decision for later today.

Stock Market Opening Prices December 12, 2008 10:00am

Dow Jones Open - Down 81
Nasdaq Open - Up 4
S&P 500 Open - Down 7

Today's Biggest Gainers 12/12/08

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Hogan Bottom 12/12/08 - Art Hogan CNBC

Art Hogan came on CNBC 12/12/08 and gave some comments on his opinion on the stock market right now. Art Hogan is famous for the " Hogan Bottom " which he cam on CNBC October 10th and called the bottom. It has only been violated one day in which we closed above it. Click Here for previous Art Hogan comments.

When you look at what has happened today, there are two stories, the Madoff story and the auto bailout story. The best possible scenario would be to use the tarp funds...the timing is key, would like to see White House come out today and say they will be doing something. You don't want to put a band aid on this and leave it for the next administration.

I think you remain defensive in this market, buy health care, consumer staples like Clorox ( CLX ) that will help you ride out the next few quarters which are going to be ugly.

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General Motors GM - Ford F - 12/12/08 - Stock Report

Today, December 12, 2008, General Motors ( GM ) and Ford ( F ) stocks are hurting as the auto bailout failed in the Senate last night. As you can see below, both stocks are under extreme pressure as well as the Stock Market Futures. We should hear soon from the White House whether or not they will use TARP money to hold these companies ( along with Chrysler ) over for the next few months or face bankruptcy. Bankruptcy would cause over 2 million people to lose their jobs adding pressure to the unemployment in America. Most think President Bush will not let this happen. Stay Tuned......

Stock Quotes 12/12/08

Ford ( F ) Pre Market - $2.53
General Motors ( GM ) Pre Market - $3.18
Ford ( F ) Open - $2.73
General Motors ( GM ) Open - $3.45
Ford ( F ) Close - $3.03
General Motors ( GM ) Close - $3.91

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1 and 3 Month Libor Rates - 12/12/08 - Today's Libor Rates

It seems as though everyone is watching Libor rates these days. Today's Libor Rates for 12/12/08, are: 1 Month Libor Rate - 1.04% & 3 Month Libor Rate - 1.921%. The overnight Libor rate is .119%. As you can see, Libor Rates have changed today, December 12, 2008, both 30 day and 90 Libor Rates have gone down but overnight ticked up slightly.

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

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Auto Bailout Fails 12/12/08 - Dow Futures

The Auto Bailout talks have failed in the Senate tonight and Stock Market Futures are pointing significantly lower, something that I feared would happen. The White House will now review this and decide if they will use TARP money I assume.

Harry Reid called the bill's collapse "a loss for the country," adding "I dread looking at Wall Street tomorrow. It's not going to be a pleasant sight."

Stock Market Futures for December 12, 2008

Dow Jones Futures - Down 320
Nadsaq Futures - Down 45
S&P 500 Futures -Down 39

It looks like we will test 8150 on the Dow Jones tomorrow.

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Dow Jones Analysis 12/12/08 - Stock Market

The following is Technical Analysis for the Dow Jones ( DJIA) for 12/12/08

Nasdaq Support & Resistance Levels - December 12, 2008

Resistance Levels: 8800, 9000

Support Levels: 8500, 8150

http://stockcharts.com - Chart

The Dow Jones closed below its 10 day moving average today, a bearish signal but it did hold the support level of 8500. This is the level I will watch for tomorrow. The next support level is 8150 which has held multiple times but I feel if we test 8150 again, it may not hold. Today, we failed at the 50 day moving average for the 4th straight day, another bearish signal. As long as we hold 8500 on a closing basis, the Dow Jones will be fine. As soon as we close over the 50 day moving average, I think we can start another rally. Especially if we close over that 9000 level. I am on the sidelines for now until I see what we do tomorrow.

More Technical Analysis - Go HERE

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Nasdaq Analysis 12/12/08 - December 12, 2008

The following is Technical Analysis for the Nasdaq ( NAS ) for 12/12/08

Nasdaq Support & Resistance Levels - December 12, 2008

Resistance Levels: 1530's, 1600

Support Levels: 1500, 1450

http://stockcharts.com - Chart

The Nasdaq continues to trade above the 10 day moving average, but barely. Over the past several weeks, this has been the level to buy at. However, this could change soon. If the Nasdaq closes below 1500 in the next several days, I think you could see additional selling to the next support level which is at 1450. We would not only break down technically, we would possibly ever retest 1400. The volume was very weak this morning when we were trading at 1570's and by afternoon the sell volume really hit the market. This is a bearish sign. There were no more buyers near the 1600 resistance level and then the sellers took control. As of now, the test of the 50 day moving average has failed and we are now back at the 10 day moving average. I expected a big move one way or another in the next week and its starting to look like it could be a down move. The next few days will tell us a lot. I am on the sidelines as of now.

More Technical Analysis - Go HERE

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Dow Jones Close 12/11/08 - Stock Market Closing Prices

Stock Market Closing Prices - 12/11/08

Dow Jones Industrial Average ( DJIA ) Close - 8565.09 Down 196.33
Nasdaq Stock Market Close - 1507.88 Down 57.60
S&P 500 Close - 873.62 Down 25.62
http://dowjonesclose.com

Libor Rates - 12/11/08

1 Month - 1.195%
3 Month - 1.996

Commodities Closing Prices - 12/11/08

Gold - 819
Oil - 47.30
Natural Gas - 5.56

The Dow Jones Industrial Average closed at 8565 on 12/11/08, as the stock market fell in the final hours due to comments from Jamie Dimon of JP Morgan. The CEO was on cnbc and said business was worse the expected for December as well as if home prices fall another 10-20% they could lose a lot more money. Before this was said, Both Ford ( F ) and General Motors ( GM ) stocks started falling drastically. Were Investors selling because they don't think the bailout will pass? All the recent high flyer's POT, FCX, DRYS sold off hard from 2:30-3:30pm. The speed of the decline was amazing. All eyes will be on the Senate tomorrow as they are expected to vote on the aup bailout bill. I will have technical analysis of the Nasdaq and the Dow Jones later tonight, RIGHT HERE

Today's Biggest Stock Market Gainers - Baltic Shipping Rates - December 11, 2008

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Dry Bulk Shipping Rates Report - 12/11/08 DRYS

The following is a report on Dry Bulk Shipping Rates for 12/11/08. 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.

Dry Bulk Shipping Rates - December 11, 2008

Baltic Dry Index ( BDI ) - 711 Up 20
Baltic Cape Index ( BCI ) - 1142 Up 82
Baltic Panamax Index ( BPI ) - 442 Down 8
Baltic Supramax Index ( BSI ) - 498 Down 13

Past Bulk Shipping Rates

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