Dow Jones Open 12/03/08 - Stock Market

The Dow Jones and Stock Market's are opening slightly weaker today, 12/03/08. The Dow Jones is down only 20 after being down over 160, the Nasdaq is up 10, and the S&P 500 is testing 850 again, down only 1. All of three are trending over their 10 day moving averages. This is a line that has been giving a huge fight over the past week. It is a level I trade off of frequently. I bought some Research in Motion ( RIMM ) today and will add when it gets over $40. I think the bas news is priced in. If and when it gets over $40, I will use that level as a tight stop. Another stock that is looking attractive is the USO. Oil has gotten crushed over the past month and I think it could be due for a short term bounce if the stock market can improve. I think Oil could test $50 again shortly.

Today's Biggest Gainers - December 3rd, 2008.


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