S&P 500 Analysis 1/26/09 January 26, 2009

The following is Technical Analysis for the S&P 500 for 1/26/09

Nasdaq Support & Resistance Levels - January 26, 2009

Resistance Levels: 850, 900, 944

Support Levels: 804, 800, 741

http://stockcharts.com - Chart

The S&P 500 has held the 800 level and appears to have formed a bottom around 804.30. If 800 is broken at any time, I am expecting the low of 741.02 to be tested. Resistance is currently at 850 and if we close above this level, I am expecting the S&P 500 to retest 900.
A close above 944 is what you want to see if you are long this market as this would be a positive sign and a continuation of December's uptrend. For More Technical Analysis - Go Here

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Dryships DRYS Technical Analysis 1/26/09

The following is technical analysis of Dryships ( DRYS ) stock for January 26, 2009. You can see a stock chart of this analysis at: http://blackberrystocks.com/drys.html

Support and Resistance Levels - Dryships DRYS

Resistance - $13, $13.70, $15
Support - $10, $9.00, $8.80, $7.28

Drys is back near support at $10 per share...the low on Friday was $9 and it held the $8.80 late December low. As long as Dryships doesn't close below $10 I am comfortable owning this stock over $10 as this appears to be just a pullback to the 50 day moving average. If Drys closes back under the 50 day moving average, more selling could really hit the stock hard. $13 is the new resistance level and if Drys gets back up there, you will have many sellers willing to sell at that price. If that $8.80 low is broken, I will be waiting to see what happens at $7.28 and $5.90. The good thing about the Dry Bulk Shipping stock is that the Baltic Dry Index is starting to really spike higher finally.

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Apple AAPL Technical Analysis 1/26/09

The following is technical & fundamental analysis of Apple ( AAPL ) stock for 1/26/09. You can view a stock chart of this analysis at : http://blackberrystocks.com/aapl.html

Apple Support and Resistance Levels:

Resistance - $90, $97.17, $103.60
Support - $85, $80, $78

Apple AAPL reported wonderful earnings last week and is currently trapped between the 10 and 50 day moving averages....$90 is your magic number going forward, a close back over $90 is what I am looking for to get bullish on the stock going forward. $90 was the previous support but since it failed, it is now strong resistance. When traders are willing to hold AAPL over $90, this will be a sign of a trend change. After $90, $97.17 will be another level to watch.

The positive thing about AAPL stock right now is that the Steve Jobs health news is already priced in since the news was released two weeks ago. I believe that the selling going on at $78 area last week was due to the theory Steve Jobs may never be back. If Steve Jobs does come back in June, you could see a $10 upside pop in AAPL shares.

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Visa V Technical Analysis January 26, 2009

The following is technical & fundamental analysis for Visa ( V ) stock for 1/26/09. You can see a chart of this analysis by going to http://blackberrystocks.com/visa.html

Visa ( V ) Support and Resistance Levels:

Resistance - $47.50, $50, $52
Support - $43.50, $41.78, $40


Visa ( V ) has totally broken down and broken both low points ( $43.65 and $43.54 ) that formed the double bottom....this is very concerning and is bearish for the stock. Resistance is now at the $47.50 area and if Visa gets a close over this level, $50 will be tested. $50 is another strong resistance level but if closed above you could get buyers flowing back into the stock again. Right now, support appears to be at $42 for Visa. The problem with Visa stock is the company is so tied to the economy. With all the unknowns out there, speculating Analysts have nothing good to say about the current state of the economy and will downgrade a stock like Visa. The stock market typically turns upward six months before the economy starts to show improvement and Visa will be the first to turn with the market. My opinion - If Visa stock dips below $40 I will have to start a long position.

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Earnings Calendar 1/26/09 January 26, 2009

Earnings Season really starts to heat up next week as major energy companies such as Conoco Phillips ( COP ), Hess ( HES ), and Exxon Mobile ( XOM ) all report earnings. Below is a list of companies I will be watching on 1/26/09 and who I feel will provide the most trading opportunities.

Company Earnings Date/Time www.blackberrystocks.com

American Express AXP 1/26 8am .34EPS
Freeport McMoran FCX 1/26 8am -.86EPS
Mcdonald's MCD 1/26 8am .83EPS
Caterpillar CAT 1/26 8am 1.31EPS
Amgen AMGN 1/26 4pm 1.06EPS
Netflix NFLX 1/26 4pm .34EPS
Texas Instruments TXN 1/26 4pm .12EPS
VMware VMW 1/26 4pm .26EPS

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CNBC Fast Money Recap 1/23/09 January 23, 2009

Today, January 23, 2009, CNBC's Fast Money Guy Adami and Jeff Mackie gave their insight on General Electric ( GE ). Jeff Mackie also made a bullish case of some of the Banking Stocks.

CNBC Fast Money Recap 1/23/09

Guy Adami on General Electric ( GE ) - Huge volume today in GE stock...there is a value in their other businesses, the volume today could be a sign of capitulation, and we may have seen it today.

Karen Finnerman on GE - It wouldn't be shocking to me if they accessed some sorta of government mandate...I'm not long or short, really don't know how it will turn out with General Electric.

Pete Najarian on GE Options trading - I think they could get a credit rating change and that is a risk... the options activity right now is huge - the options trading right now is not protection, but speculation on the downside in options all the way down to the $5.00 strike price. Traders are speculating for later this year.

Jeff Mackie on the Banking Stocks - I bought these stocks: Bank of America ( BAC ), Citigroup ( C ), Morgan Stanley ( MS ) - willing to take the risk that these banks aren't going to zero....all the bad news is out, Obama won't let these fail. I am a trader so I could get out of these next week but I think that there is no news they could put out that could surprise me.

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Nasdaq Analysis 1/26/09 January 26, 2009

The following is Technical Analysis for the Nasdaq ( NAS ) for 1/25/09 - 1/26/09

Nasdaq Support & Resistance Levels - January 26, 2009

Resistance Levels: 1500, 1521, 1600, 1665

Support Levels: 1444, 1435, 1400

http://stockcharts.com - Chart

The Nasdaq continues to trade below 1500 which was a key support level...for the past two days, we could not rally above this level - very bearish. Look for the Nasdaq to start a new uptrend with a close back over 1520 which is the 50 day moving average. Nasdaq has nice support around the 1435-1445 area and I will be buying pullbacks near 1400. For More Technical Analysis - Go Here

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Dow Jones Close 1/23/09 - Stock Market Closing Prices

Stock Market Closing Prices - 1/23/09

Dow Jones Industrial Average ( DJIA ) Close - 8077.56 Down 45.24
Nasdaq Stock Market Close - 1477.29 Up 11.80
S&P 500 Close - 831.97 Up 4.47

Libor Rates - 1/23/09

1 Month - 0.401%
3 Month - 1.169%

Commodities Closing Prices - 1/23/09

Gold - 900
Oil - 45.75
Natural Gas - 4.52

The Dow Jones Industrial Average closed at 8077 on 1/23/09, as the stock market was very volatile today on General Electric ( GE ) earnings, Google ( GOOG ) earnings, and the US Dollar rallying today. The Dow Jones opened down around 200 points but rallied into the afternoon hitting my 8150 target before falling back near 8000. If this trend holds up, we will go below 8000 on Monday and rally toward 8100 as the high. Any break above 8200 for the Dow going forward would be a positive sign and a trend reversal. Oil prices flew above $46 today as the stock market rallied and Joe Terranova made his case for an Oil double bottom around $32.50 on CNBC Fast Money last night. I sold my USO stock today as it was up 10% after being down 3%. I will look to reload at $30 or below. Today's Hottest Stock was Geron ( GERN ) as this company received FDA approval for the first human stem cell clinical trial. Keep an eye on this stock on Monday. I will have full technical analysis of the Dow Jones and Nasdaq over the weekend, Right Here

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Hot Penny Stocks 1/23/09 January 23, 2009

Today, 1/23/09, there are several 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.


Penny Stock Gainers - January 23, 2009

Aastrom Biosciences ( ASTM ) - $0.66 Up 28.01% - ASTM is continuing to go from from yesterday due to the GERN stem cell news.

Thermogenesis (KOOL) - $0.68 Up 28.05% - KOOL is going up due to the Geron news as well - KOOL is a stem cell stock.

Northgate Minerals ( NXG ) - $1.19 Up 13.33% - Rimfire and Northgate Report Drilling at Boulevard Property Yields Gold Mineralization

Check out the biggest stock gainers today.

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Biggest Stock Gainers 1/23/09 - January 23, 2009

Today, January 23, 2009, their are several stocks gainers that are breaking out in the stock market despite the weakness we are seeing in the major averages. Check out today's biggest gainers and the Top Stocks for 2009.

Hot Stocks 1/23/09 - Biggest Gainers

Geron ( GERN ) - $6.97 Up 33.78% - Geron received FDA Approval for the World's first clinical trial involving humans and Stem Cell Research. The CEO was on CNBC earlier in the day.

Stem Cells ( STEM ) - $2.63% Up 22% - Stem Cells is up on the above GERN news - Also up on this news is ASTM Aastom Biosciences. The Stem Cell Stocks are very hot today! We noted this yesterday!

Satyam ( SAY ) - $1.35 Up 26.16% - Satyam Board Announces Key Actions.


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