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By Tim -

Stock Market Closing Prices - 5/21/12

Dow Jones Industrial Average ( DJIA ) Close - 12504.48 Up 135.10

Nasdaq Stock Market Close - 2847.21 Up 68.42

S&P 500 Close - 1315.99 Up 20.77

Commodities Closing Prices - 5/21/12

Gold Close - 1591
Silver Close - 28.39
Copper Close - 3.52
Oil Close - 92.92
Natural Gas Close - 2.62

The Dow Jones Industrial Average closed at 12505 on 5/21/12, as the stock market rallied hard after the major averages were oversold.  The selling we saw last week was the worst short term drop we've seen in a long time.  When the markets get as oversold as they were on Friday and this morning, shorts tend to cover and bargin hunter jump into stocks.  Apple (AAPL) rallied 5.6%, Kodiak Oil & Gas (KOG) rallied 8%, and Small Caps 3x Bull ETF (TNA) rallied 7%.  These are my three favorite stocks right now.  

As we move ahead this week, the S&P 500 will have support at 1309.

While THLD & BDSI are two of the  biggest gainers in 2012 for stocks above $2, GV is the biggest penny stock gainer.
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Tags: 2012, 21, 5/21/12, close, closing, copper, dow, gold, jones, market, More…may, oil, prices, silver, stock

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