How will the stock market open on Monday - March 9, 2009? The Dow Jones and Stock Market Futures are pointing toward a lower open for pre market. Check out technical analysis for March 9th.
Stock Market Futures 3/9/09 - Pre Market Trading - Updated 7:15am
Dow Jones Futures - Down 40
S&P 500 Futures - Down 5.30
Nasdaq Futures - Down 4
Nikkei - 7086 Down 87
Oil Futures - 45.85
Gold Futures -938.30
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Sunday, March 8, 2009
Saturday, March 7, 2009
Dow Jones Analysis 3/9/09 Stock Market Analysis
The following is Technical Analysis for the Dow Jones ( DJIA ) for 3/9/09Dow Jones Support & Resistance Levels - March 9, 2009
Resistance Levels: 6750, 7000, 7449, 7500, 7552
Support Levels: 6500, 6310, 6000
http://stockcharts.com/ - Chart
The Dow Jones broke to a new 52 week low yesterday but snapped back into positive territory at the end of the day. This is very bullish action but was only one day. We will have to see if there is any follow through on Monday. There is major support in the 6300-6500 area so this is where I have been buying. If this support level is broken, I'd expect 6000 to be tested. Resistance is around the 6750 and 7000 level. For More Technical Analysis - Go Here
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Stock Market 3/8/09 Dow Jones Report
After a horrible week comes to an end, Wall Street must now look ahead for any signs of a stock market bottom or recovery. The Dow Jones started last week at 7062.93 and ended yesterday on a positive note at 6626.94. When it looked like the bottom was going to fall out on the stock market yesterday, we had a nice short squeeze going into the close. This was the first time in 7 trading sessions where we went up into the close versus selling off. Stock market futures were even up in after hours trading as well. Below are some things that I will be watching for next week.
Stock Market Watch List 3/9/09 - 3/14/09
General Motors ( GM ) - Do you hear the clock ticking? General Motors is currently in meetings with bond holders in an effort to reduce their debt by 2/3's before the March 31, 2009 deadline. GM stock fell to a 75 year low yesterday as it closed at $1.45 per share. On Monday, officials from the Obama auto task force will sit down with GM executives in hopes to avoid bankruptcy. General Motors will give the task force members an up close view of the Chevy Volt Hybrid. Besides the stock market crashing in 2009, this could be the number one story soon as Washington comes to a decision. A GM bankruptcy could have huge systemic risk and send the stock market spiralling down once again.
Stem Cell Funding - President Barack Obama is getting set to overturn the ban on Stem Cell research funding by George W Bush. At least $200 million dedicated to stem cell research is part of a fast-tracked federal stimulus grant fund that could deliver money to labs as early as summer's end, said Dr. Arnold Kriegstein, director of the Eli and Edythe Broad Center of Regeneration Medicine and Stem Cell Research at UC San Francisco.
Stem Cell Stocks such as Stem Cells ( STEM ), Geron ( GERN ) Aastrom ( ASTM ), and Pluristem Therapeutics ( PSTI ) could be very active on Monday when this news hits.
DryShips ( DRYS ) - DRYS was very strong at the end of last week. After a capitulation move under $3, DRYS ripped back over the 10 day moving average. A break over $4 could start a nice run back to the upside. Keep in mind, DRYS is due to report earnings any day now. This event could make or break DRYS stock price.
Freeport McMoran ( FCX ) - Did anyone notice how strong this stock was yesterday? FCX was up most of the day as the stock market went down. Copper prices have been rising after a nice stabilization period. After hitting a low of 26.32 on Monday, FCX hit a high of $34.39 on Friday!
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Stock Market Watch List 3/9/09 - 3/14/09
General Motors ( GM ) - Do you hear the clock ticking? General Motors is currently in meetings with bond holders in an effort to reduce their debt by 2/3's before the March 31, 2009 deadline. GM stock fell to a 75 year low yesterday as it closed at $1.45 per share. On Monday, officials from the Obama auto task force will sit down with GM executives in hopes to avoid bankruptcy. General Motors will give the task force members an up close view of the Chevy Volt Hybrid. Besides the stock market crashing in 2009, this could be the number one story soon as Washington comes to a decision. A GM bankruptcy could have huge systemic risk and send the stock market spiralling down once again.
Stem Cell Funding - President Barack Obama is getting set to overturn the ban on Stem Cell research funding by George W Bush. At least $200 million dedicated to stem cell research is part of a fast-tracked federal stimulus grant fund that could deliver money to labs as early as summer's end, said Dr. Arnold Kriegstein, director of the Eli and Edythe Broad Center of Regeneration Medicine and Stem Cell Research at UC San Francisco.
Stem Cell Stocks such as Stem Cells ( STEM ), Geron ( GERN ) Aastrom ( ASTM ), and Pluristem Therapeutics ( PSTI ) could be very active on Monday when this news hits.
DryShips ( DRYS ) - DRYS was very strong at the end of last week. After a capitulation move under $3, DRYS ripped back over the 10 day moving average. A break over $4 could start a nice run back to the upside. Keep in mind, DRYS is due to report earnings any day now. This event could make or break DRYS stock price.
Freeport McMoran ( FCX ) - Did anyone notice how strong this stock was yesterday? FCX was up most of the day as the stock market went down. Copper prices have been rising after a nice stabilization period. After hitting a low of 26.32 on Monday, FCX hit a high of $34.39 on Friday!
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Friday, March 6, 2009
Nasdaq Analysis 3/9/09 March 9, 2009
The following is Technical Analysis for the Nasdaq ( NAS ) for 3/9/09Nasdaq Support & Resistance Levels - March 9, 2009
Resistance Levels: 1315, 1362, 1400, 1456
Support Levels: 1253.22, 1193.42, 1108.49
http://stockcharts.com - Chart
The Nasdaq broke a new 52 week low today and had nice rally at the end of the day but failed to close back over the 1295.48 level. This is very bearish. I may jump in if we break 1320 on Monday for a ride back to the 10 day moving average. If we get more selling in Monday, keep an eye on 1253 as we doubled bottomed there back in 2002. A break below this would open the flood gates of selling. I will start getting bullish again when we close back over the 10 day moving average. This moving average will be around 1355 on Monday. For More Technical Analysis - Go Here
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Dow Jones Close 3/6/09 - Stock Market Closing Prices
Stock Market Closing Prices - 3/6/09
Dow Jones Industrial Average ( DJIA ) Close - 6626.94 Up 32.50
Nasdaq Stock Market Close - 1293.85 Down 5.74
S&P 500 Close - 683.38 Up 0.83
http://dowjonesclose.com
Libor Rates - 3/6/09
Commodities Closing Prices - 3/6/09
Gold - 940
Oil - 45.45
Natural Gas - 3.94
The Dow Jones Industrial Average closed at 6627 on 3/6/09, as the stock market fell yet again after a bad jobs report. The Dow Jones Futures started the day in the green and up 125 after the open. From 10am on, it was all downhill. The Nasdaq broke through the prior 52 week low of 1295.48 and this caused selling in most of the tech stocks today. Apple ( AAPL ) broke $85 and hit a low of $82.33, Google ( GOOG ) broke through $300 and hit a low of $294, and Research in Motion ( RIMM ) broke through $36. Key Dow components such as GM and JP Morgan tanked today as well. General Motors ( GM ) broke $1.50 and hit a low of $1.27. This has been the worst week for the stock market in 2009 so far.
So, having said all of that, The Dow Jones rallied in the last 15 minutes of trading to get back in the green. When it looked the worst at about 2:30pm, things have really turned around nicely! For the past week and a half we have sold off in the last 15 minutes, today, we rallied! Very interesting!
Jim Cramer came on CNBC in the afternoon and said he can only see the Dow going to 5320 on the worst case scenario. Cramer said this would have most of the Dow components cutting dividends.
Dow Jones 5320 Examples: Exxon Mobile XOM going to $56, Alcoa ( AA ) going to $2, JP Morgan ( JPM ) going to $5. Jim says he spend the whole day looking into this and doing research and he can't see the Dow going lower then 5320.
It seems like nobody is bullish on the stock market these days so is this a huge sign the stock market is ready to rally? Art Cashin, floor trader on the NYSE, says it might take an event to cause the capitulation selling which could put in a bottom. I personally think we are right in the bounce zone of 6300-6500 on the Dow Jones. We will rally when people least expect it.
I will have full technical analysis of the stock market this weekend - Right Here
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index
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Dow Jones Industrial Average ( DJIA ) Close - 6626.94 Up 32.50
Nasdaq Stock Market Close - 1293.85 Down 5.74
S&P 500 Close - 683.38 Up 0.83
http://dowjonesclose.com
Libor Rates - 3/6/09
Commodities Closing Prices - 3/6/09
Gold - 940
Oil - 45.45
Natural Gas - 3.94
The Dow Jones Industrial Average closed at 6627 on 3/6/09, as the stock market fell yet again after a bad jobs report. The Dow Jones Futures started the day in the green and up 125 after the open. From 10am on, it was all downhill. The Nasdaq broke through the prior 52 week low of 1295.48 and this caused selling in most of the tech stocks today. Apple ( AAPL ) broke $85 and hit a low of $82.33, Google ( GOOG ) broke through $300 and hit a low of $294, and Research in Motion ( RIMM ) broke through $36. Key Dow components such as GM and JP Morgan tanked today as well. General Motors ( GM ) broke $1.50 and hit a low of $1.27. This has been the worst week for the stock market in 2009 so far.
So, having said all of that, The Dow Jones rallied in the last 15 minutes of trading to get back in the green. When it looked the worst at about 2:30pm, things have really turned around nicely! For the past week and a half we have sold off in the last 15 minutes, today, we rallied! Very interesting!
Jim Cramer came on CNBC in the afternoon and said he can only see the Dow going to 5320 on the worst case scenario. Cramer said this would have most of the Dow components cutting dividends.
Dow Jones 5320 Examples: Exxon Mobile XOM going to $56, Alcoa ( AA ) going to $2, JP Morgan ( JPM ) going to $5. Jim says he spend the whole day looking into this and doing research and he can't see the Dow going lower then 5320.
It seems like nobody is bullish on the stock market these days so is this a huge sign the stock market is ready to rally? Art Cashin, floor trader on the NYSE, says it might take an event to cause the capitulation selling which could put in a bottom. I personally think we are right in the bounce zone of 6300-6500 on the Dow Jones. We will rally when people least expect it.
I will have full technical analysis of the stock market this weekend - Right Here
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index
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Biggest Stock Gainers 3/6/09 March 6, 2009
Today, March 6, 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 3/6/09 - Biggest Gainers Today
Arcsight ( ARST ) - $10.49 Up 19.49% - ArcSight shares up after 3Q results beat estimates.
Foster Wheeler ( FWLT ) - $14.66 Up 12.08% - Foster Wheeler Gets Two New Buy Ratings
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Hot Stocks 3/6/09 - Biggest Gainers Today
Arcsight ( ARST ) - $10.49 Up 19.49% - ArcSight shares up after 3Q results beat estimates.
Foster Wheeler ( FWLT ) - $14.66 Up 12.08% - Foster Wheeler Gets Two New Buy Ratings
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Hot Penny Stocks 3/6/09 March 6, 2009
Today, 3/6/09, 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 yesterday's Penny Stock Report Here
Penny Stock Gainers - March 6, 2009
Solutia ( SOA ) - $1.51 Up 29.66% - Solutia Re-affirms Guidance and Provides Other Updates.
Oceanfreight ( OCNF ) - $1.08 Up 11.23% - OCNF up as bulk shipping rates go up for six straight days
Satyam Computer ( SAY ) - $1.57 Up 17.98% - Satyam gets nod to sell 51 percent; suitors cautious
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index
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Penny Stock Gainers - March 6, 2009
Solutia ( SOA ) - $1.51 Up 29.66% - Solutia Re-affirms Guidance and Provides Other Updates.
Oceanfreight ( OCNF ) - $1.08 Up 11.23% - OCNF up as bulk shipping rates go up for six straight days
Satyam Computer ( SAY ) - $1.57 Up 17.98% - Satyam gets nod to sell 51 percent; suitors cautious
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Bank Stocks 3/6/09 March 6, 2009 - BAC
Today, 3/6/09, the bank stocks are higher in pre market after Wells Fargo ( WFC ) announced that they are cutting their dividend.
Banking Stock Update - March 6, 2009
Wells Fargo ( WFC ) - $8.90 Up 9.73% - Wells Fargo slashes dividend 85 percent to 5 cents. Wells Fargo slashes dividend 85 percent to 5 cents for expected annual savings of $5 billion.
Bank of America ( BAC ) - $3.30 Up 4% - JPMorgan, Wells Fargo, Bank America Face Ratings Cuts. Bank of America Says Bonus Disclosure Will Cause ‘Grave’ Harm.
Citigroup ( C ) - $1.04 Up 1.96% - Citigroup Reportedly Seeking To Sell Stake In Monex
Other Bank Stocks that are rising - Fifth Third ( FITB ) & Ambac ( ABK )
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Banking Stock Update - March 6, 2009
Wells Fargo ( WFC ) - $8.90 Up 9.73% - Wells Fargo slashes dividend 85 percent to 5 cents. Wells Fargo slashes dividend 85 percent to 5 cents for expected annual savings of $5 billion.
Bank of America ( BAC ) - $3.30 Up 4% - JPMorgan, Wells Fargo, Bank America Face Ratings Cuts. Bank of America Says Bonus Disclosure Will Cause ‘Grave’ Harm.
Citigroup ( C ) - $1.04 Up 1.96% - Citigroup Reportedly Seeking To Sell Stake In Monex
Other Bank Stocks that are rising - Fifth Third ( FITB ) & Ambac ( ABK )
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Baltic Dry Index Shipping Rates 3/6/09 BDI
The following is a report on Dry Bulk Shipping Rates for 3/6/09. 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 6, 2009 - Up 6 Straight Days
Baltic Dry Index ( BDI ) - 2225 Up 58
Spot 4 - TC Average - 28485 Up 83
Baltic Cape Index ( BCI ) - 2839 Up 9
Baltic Panamax Index ( BPI ) - 2230 Up 134
Supramax Index ( BSI ) - 1688 Up 35
Past Bulk Shipping Rates
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http://dryindex.com/
Dry Bulk Shipping Rates - March 6, 2009 - Up 6 Straight Days
Baltic Dry Index ( BDI ) - 2225 Up 58
Spot 4 - TC Average - 28485 Up 83
Baltic Cape Index ( BCI ) - 2839 Up 9
Baltic Panamax Index ( BPI ) - 2230 Up 134
Supramax Index ( BSI ) - 1688 Up 35
Past Bulk Shipping Rates
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Stock Market 3/6/09 March 6, 2009 Wall Street Report
Today, March 6, 2009, all eyes are on the employment report ( or in this case unemployment report ) that will be released at 8:30am est. Estimates are for the US to have lost 650,000 jobs in February 2009. The unemployment rate is thought to have spiked to 7.9% Anything less would rally the market, anything more could still rally the market but if its over 750,000 we might have some problems. I will list the jobs report data here when the numbers are released.
Jobs Report 3/6/09
Jobs Number - ( Loss of 651,000 )
Unemployment Rate - 8.1%
January Revision - ( was -598,000 Now -655,000 ) December Revision ( was - 577,000 Now -681,000 )
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Jobs Report 3/6/09
Jobs Number - ( Loss of 651,000 )
Unemployment Rate - 8.1%
January Revision - ( was -598,000 Now -655,000 ) December Revision ( was - 577,000 Now -681,000 )
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