How will the Stock Market open on October 28th, 2008?
Stock Market futures - 10/28/08
Dow Jones Futures - Up 280
Nasdaq Futures - Up 41
S&P 500 Futures - Up 32
Asian Stock Markets - 10/28/08
Nikkei - UP 459
Hang Seng - Up 1580
The stock market futures are pointing up tonight, 10/28/08, and it appears tomorrow will be an up day. As you probably know, these futures can change in a second with good or bad news. Click Here for Monday's Analysis on the Stock Market and how it closed.
As always...for our latest updates on the stock markets and futures, visit
http://daytradingstockblog.blogspot.com/
Monday, October 27, 2008
Dow Jones Close 10/27/08 - Stock Market Closing Prices, Libor Rates, Oil, Gold
Stock Market Closing Prices - 10/27/08
Dow Jones Industrial Average ( DJIA ) Close - 8176 - Down 203
Nasdaq Stock Market Close - 1506 - Down 46
S&P 500 Close - 849 - Down 28
Libor Rates - 10/27/08
1 Month - 3.22%
3 Month - 3.51%
Commodities Closing Prices - 10/27/08
Gold - 737
Oil - 62.15
Natural Gas - 6.13
The Dow Jones Industrial Average closed at 8176, down 203, on 10/27/08, as investors dealt with another Asian stock market crash overnight by the Nikkei and the Hang Seng. The Stock
Market Futures were down big this morning, The Dow Jones futures were actually down 350 at one point but Bill Gross came on CNBC and told viewers that Libor rates will soon fall. The
Markets rallied today from 12-2pm with the Dow Jones up 220 points at one point. This all changed in a vicious sell off from 2pm - 3pm Eastern time followed by another sell off with a few minutes left in the trading day. There is been no bad news out, just a lack of buyers and a lot of sellers. Be very careful, we closed below a key technical level on the Dow today as I was explaining last week. All eyes will be back on the Nikkei and Hang Seng tonight as those markets react to our trading.
Cannon slashed profit estimates last night in Asia by 25% and more selling could hit those stock markets overnight which would effect our stock markets for Tuesday, 10/28/08. Will stocks go up tomorrow? Something tells me the Asian markets will rebound tonight and that could send our stock markets up alot higher for Tuesday 10/28/08. Be careful though, we have a Fed Interest Rate decision tomorrow and I believe a half point rate cut is already priced into stocks right now. We get the decision at 2:15pm est. Be sure to check out my blog later tonight for a futures update.
General Motors ( GM ) Close - $5.21
Todays Biggest Stock Market Gainers
Be Sure to always check my Blog for the latest updates on the stock market by visiting:
http://daytradingstockblog.blogspot.com/
Dow Jones Industrial Average ( DJIA ) Close - 8176 - Down 203
Nasdaq Stock Market Close - 1506 - Down 46
S&P 500 Close - 849 - Down 28
Libor Rates - 10/27/08
1 Month - 3.22%
3 Month - 3.51%
Commodities Closing Prices - 10/27/08
Gold - 737
Oil - 62.15
Natural Gas - 6.13
The Dow Jones Industrial Average closed at 8176, down 203, on 10/27/08, as investors dealt with another Asian stock market crash overnight by the Nikkei and the Hang Seng. The Stock
Market Futures were down big this morning, The Dow Jones futures were actually down 350 at one point but Bill Gross came on CNBC and told viewers that Libor rates will soon fall. The
Markets rallied today from 12-2pm with the Dow Jones up 220 points at one point. This all changed in a vicious sell off from 2pm - 3pm Eastern time followed by another sell off with a few minutes left in the trading day. There is been no bad news out, just a lack of buyers and a lot of sellers. Be very careful, we closed below a key technical level on the Dow today as I was explaining last week. All eyes will be back on the Nikkei and Hang Seng tonight as those markets react to our trading.
Cannon slashed profit estimates last night in Asia by 25% and more selling could hit those stock markets overnight which would effect our stock markets for Tuesday, 10/28/08. Will stocks go up tomorrow? Something tells me the Asian markets will rebound tonight and that could send our stock markets up alot higher for Tuesday 10/28/08. Be careful though, we have a Fed Interest Rate decision tomorrow and I believe a half point rate cut is already priced into stocks right now. We get the decision at 2:15pm est. Be sure to check out my blog later tonight for a futures update.
General Motors ( GM ) Close - $5.21
Todays Biggest Stock Market Gainers
Be Sure to always check my Blog for the latest updates on the stock market by visiting:
http://daytradingstockblog.blogspot.com/
Art Cashin CNBC 10/27/08 - Bottom for Stocks
Art Cashin CNBC 10/27/08
Futures aren't telling us the whole story....the down limit was deceptive Friday. It was like a vaccum, sellers sold quick after seeing asian markets and there were no buyers.
Pre Market trading is a little crazy today, I wish we could see a little more panic this morning.
I think the end to this stock market crash is near, but i'd like to see panic and I don't like to bottom in November so hopefully we can get this taken care of soon.
The Stock Market futures are bouncing off their lows this morning after Bill Gross Spoke on CNBC.
http://daytradingstockblog.blogspot.com/
Futures aren't telling us the whole story....the down limit was deceptive Friday. It was like a vaccum, sellers sold quick after seeing asian markets and there were no buyers.
Pre Market trading is a little crazy today, I wish we could see a little more panic this morning.
I think the end to this stock market crash is near, but i'd like to see panic and I don't like to bottom in November so hopefully we can get this taken care of soon.
The Stock Market futures are bouncing off their lows this morning after Bill Gross Spoke on CNBC.
http://daytradingstockblog.blogspot.com/
Bill Gross CNBC 10/27/08 - Libor Rates, Stock Markets
Bill Gross on CNBC 10/27/08
At a certain market price point, the market looks attractive
Treasury announces rate today....2.88% No way Libor can stay at 3.5% when Government is buying at 2.88% Expect Libor to go down.
Libor rates will come down soon because of the Fed commercial paper program....Treasury programs kicking in this week will loosen credit markets.
Stocks and Oil are going down because of this massive deleveraging.
Tarp program is less significant than Bank Capital Purchase Program.
http://daytradingstockblog.blogspot.com/
At a certain market price point, the market looks attractive
Treasury announces rate today....2.88% No way Libor can stay at 3.5% when Government is buying at 2.88% Expect Libor to go down.
Libor rates will come down soon because of the Fed commercial paper program....Treasury programs kicking in this week will loosen credit markets.
Stocks and Oil are going down because of this massive deleveraging.
Tarp program is less significant than Bank Capital Purchase Program.
http://daytradingstockblog.blogspot.com/
Stock Market 10/27/08 - Dow Jones Futures - October 27th, 2008
10/27/08 Pre Market Trading Report:
Today, October 27th, 2008, the Dow Jones Futures and all stock market futures for that matter are headed much lower. The Dow Jones Futures in pre market are Down 330 points, Nasdaq Futures, Down 51 points, S&P 500 Futures, Down 40 points.
The stock market is headed for another scary open today, 10/27/08, and it all started last night in the Asian and European stock markets. The Hang Seng stock market was down 12.7% and the Nikkei tumbled another 6.4% to hit a 26 year low. Click here for Fridays Analysis
Asian Markets - European Markets
Tokyo's Nikkei 225 index closed down 6.4 percent to 7,162.90 -- the lowest since October 1982. Hong Kong's Hang Seng Index tumbled 12.7 percent to 11,015.84, its lowest close in more than four years and biggest daily decline since 1991.
European markets followed Asia lower, with benchmarks in Britain, Germany and France trading down more than 4 percent in early trading. The FTSE 100 index was 190.31 points, or 4.9 percent, lower at 3,693.05, while Germany's DAX was down 182.81 points, or 4.3 percent, at 4,112.86. France's CAC-40 was the worst performing European index, down 184.65 points, or 5.8 percent, at 3,009.14.
Oil is down $1.78 to $62.37
Today, October 27th, 2008, the Dow Jones Futures and all stock market futures for that matter are headed much lower. The Dow Jones Futures in pre market are Down 330 points, Nasdaq Futures, Down 51 points, S&P 500 Futures, Down 40 points.
The stock market is headed for another scary open today, 10/27/08, and it all started last night in the Asian and European stock markets. The Hang Seng stock market was down 12.7% and the Nikkei tumbled another 6.4% to hit a 26 year low. Click here for Fridays Analysis
Asian Markets - European Markets
Tokyo's Nikkei 225 index closed down 6.4 percent to 7,162.90 -- the lowest since October 1982. Hong Kong's Hang Seng Index tumbled 12.7 percent to 11,015.84, its lowest close in more than four years and biggest daily decline since 1991.
European markets followed Asia lower, with benchmarks in Britain, Germany and France trading down more than 4 percent in early trading. The FTSE 100 index was 190.31 points, or 4.9 percent, lower at 3,693.05, while Germany's DAX was down 182.81 points, or 4.3 percent, at 4,112.86. France's CAC-40 was the worst performing European index, down 184.65 points, or 5.8 percent, at 3,009.14.
Oil is down $1.78 to $62.37
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