Dow Jones Open 12/10/08 - Stock Market

This morning, the Dow Jones and Stock Market's are opening higher but seem to be weak as we await the potential auto bailout decision today, 12/10/08. Oil is gapping higher over $44 per barrel. This is something to watch. I am watching for the USO to break above $36.20 for a possible reversal to the upside after falling from $45 per share in the past few weeks. Pre Market volume was very strong. Dryships ( DRYS ) continues to run with the bulk shipping stocks but is off the highs. I am not doing much today, just waiting for the Auto Bailout Decision and watching how the market reacts. The markets are looking toppy short term but this auto bailout will move them one way or the other. The only thing I own right now is a small position in QID.

Stock Market Opening Prices December 10, 2008

Dow Jones Open - Up 70
Nasdaq Open - Up 16
S&P 500 Open - Up 8

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