Dow Jones Close 12/22/08 - Stock Market Closing Prices

Stock Market Closing Prices - 12/22/08

Dow Jones Industrial Average ( DJIA ) Close - 8519.69 Down 59
Nasdaq Stock Market Close - 1532.35 Down 31.97
S&P 500 Close - 871.53 Down 16.35

Libor Rates - 12/22/08

1 Month - 0.461%
3 Month - 1.466%

Commodities Closing Prices - 12/22/08

Gold - 848
Oil - 39.89 ( New Contract Month )
Natural Gas - 5.35

The Dow Jones Industrial Average closed at 8520 on 12/22/08, as the stock market was weak all day kicking off the first day of the holiday trading season. For the next two weeks, volume will be very light and the market could become volatile both ways. The Dow Jones managed to close back above the key support level of 8500 after dipping below this level during the afternoon. Financials such as Citigroup ( C ) and Goldman Sachs ( GS ) were very weak. Apple ( AAPL ) and Google ( GOOG ) led the Nasdaq down today. I will have technical analysis of the stock market tonight, Right Here.

Today's Biggest Stock Market Gainers - GSS was strong all day, and EPIX broke out in the last hour today on FDA approval news.

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Dry Bulk Shipping Rates Report - 12/22/08 DRYS

The following is a report on Dry Bulk Shipping Rates for 12/22/08. 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 22nd, 2008

Baltic Dry Index ( BDI ) - 801 Down 17
Baltic Cape Index ( BCI ) - 1373 Down 50
Baltic Panamax Index ( BPI ) - 583 Up 8
Baltic Supramax Index ( BSI ) - 442 Down 12
Past Bulk Shipping Rates

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Biggest Gainers 12/22/08 NVD, QI Stocks

Today, 12/22/08, there are several big stock gainers so far in pre market trading. It seems like penny stocks are the biggest gainers now as we go into 2009. These stocks can go up big but also go down just as big, so use caution if you are trading these stocks. I usually don't touch these stocks but I did trade DVAX last week.

Pre Market Stock Gainers - December 22, 2008

Novadel Pharmaceuticals NVD - $0.90 up 178% - No News
Qimonda QI - $0.60 up 101% - No News
Golden Star Resources GSS - $0.60 up 30% - No News

Today's Biggest Gainers in the Stock Market

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Dow Jones Futures 12/22/08 Stock Market

The Dow Jones and Stock Market Futures are flat to slightly higher this morning, 12/22/08. Today is the start of a Holiday shortened week for the stock market in which we will be closed December 25th and close early December 24th at 1pm.

Stock Market Futures December 22, 2008

Dow Jones Futures - Up 23
Nasdaq Futures - Up 1
S&P 500 Futures - Up 1

Today's Biggest Gainers

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Dow Jones Analysis 12/22/08 - Stock Market

The following is Technical Analysis for the Dow Jones ( DJIA ) for 12/21/08, 12/22/08

Dow Jones Support & Resistance Levels - December 22, 2008

Resistance Levels: 8700, 8935, 9000
Support Levels: 8500, 8300, 8150, 8000

http://stockcharts.com - Chart

The Dow Jones is starting to look weak and has formed a double top at 9000. At this point, a close above 9000 would be huge and could take the Dow up to test the election high of 9653.
Although the Dow Jones has closed below both 10 & 50 day moving averages for the second straight day, I am still bullish on the Dow as long as it closes over 8500 which has been a key support level. A close below 8500 would start a break down and would flash a sell signal in my book. 8300 would be your next level of support as well as 8150. The 8150 level has been virtually bullet proof over the past month so this is where i'd look to buy.

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Nasdaq Analysis 12/22/08 December 22, 2008

The following is Technical Analysis for the Nasdaq ( NAS ) for 12/21/08, 12/22/08

Nasdaq Support & Resistance Levels - December 22, 2008

Resistance Levels: 1590, 1600

Support Levels: 1557, 1535, 1500

http://stockcharts.com - Chart

The Nasdaq continues to hit resistance just below 1600 and sells off back to the 10 day moving average...this has been the trend over the past two weeks. A close over 1600 would be a breakout and the Nasdaq could then test the next resistance of 1675-1700.

Support: The Nasdaq has support at around 1557 and 1535, after that you have key support of 1500. As long as the Nasdaq stays over 1500, I am bullish.

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