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Wednesday, October 8, 2008

Stock Gainers 10/08/08 - Nasdaq, NYSE, Amex

Here is a list of 10/08/08 stock gainers. The list is small but the stock market has been tanking lately. For a full list every day, visit http://blackberrystocks.com/hotstocks.html


VCBI
RBS
PSPT
CBL
HMY
BK
GFI

Stock Market & Pending Home Sales 10/8/08

The stock market has riped higher off its lows at the open today....now we have pending home sales up 8.8% for August, compared to last year. This has rallied the markets even more.

Watch the Dow Jones...the low on Monday was 9525....we need to stay above that...or atleast close above that level. If not, we could restest the lows once again. 9525 is a key level to watch for the Dow Jones.

Capitulation 10/8/08 ? Stocks Set to Rebound?

The Stock Market has shook off a global rate cut today so far.....Dow Jones was up over 250 points in pre market but has since gone down 400 points off the highs.

Look for a major washout early followed by a rally going into the end of the day.....if we can tank and then end positive today...that could be the capitulation bottom everyone is loking for.

You need to see everyone selling everything...and then a strong rally with HEAVY volume....no major pullbacks on the way up....just a surge in buying.

Lets see if it happens today!

Pre Market Trading - Stock Market 10/8/08

This morning 10/8/08 in the stock market, Europe and the United States pursued a global rate cut for the first time since November 2001. Stock Markets have been skyrocketing around the globe off this news. Dow Jones is up 200 points on this news, Nasdaq up 23, S&P 500 up 29 points.

Japans Nikkei went down 9.4% last night, the worst we've seen in that market since the crash in 1987. There was steep losses all across the globe before this rate cut.

Stock to Watch today: RBS, GOLD, LYG, GGP, HOV, LDK, SOV as these stocks are todays biggest gainers so far.

Day Trading 10/8/08 - What will I be trading today in the stock market? Apple ( AAPL ), Potash ( POT ), First Solar ( FSLR )....buy these stocks when they break through their high of the day and sell them when you get profits. Short them when they break the lows of the day.

For a good earnings calendar - http://blackberystocks.com