Have the Stock Market's Bottomed? That is the question circulating Wall Street today as the Dow Jones rips through 8831 Resistance and approaches a test of 9000. The Dow Jones is currently seeing some nice buying volume this morning due to Barack Obama's potential stimulus plans and also a possible big three auto bailout lurking around the corner. How we will end the day today, this is the million dollar question. We all know that these markets are a bit schizo and what goes up in the morning could go the other way in the last hour of trading. Technically, we are looking really good today. I don't think there is anything to worry about unless we break back through 8831 on the Dow Jones. I will have more analysis later tonight after we close today.
Stock to Watch December 8, 2008 - I am watching Hartford Financial ( HIG ) today. I shorted it earlier, took my gains, but it is starting to look a bit weak after going from $9 on Friday to hitting $18 this morning. I think a lot of shorts got caught with this stock and I feel it is overdone to the upside. A break below $16 would be very bearish.
Also watching QID - will add more to protect my Google ( GOOG ) position if these market do sell off this afternoon.
Today's Biggest Gainers - 12/8/08
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Showing posts with label december 8 2008. Show all posts
Showing posts with label december 8 2008. Show all posts
Monday, December 8, 2008
General Motors GM - Ford F - 12/08/08 - Stock Report
Today, 12/08/08, General Motors ( GM ) and Ford ( F ) stocks are up significantly in pre market trading. After, closing at $4.08 on Friday, GM stock is set to open higher at $4.80 per share. Ford ( F ) will also be opening higher around $3.17 after closing at $2.72 on Friday. The big three automakers, General Motors, Ford, and Chrysler are getting close to receiving bailout money and these stocks are soaring December 8th, 2008.
Democrats are expected to vote in a special session this week in regards to giving the big three auto markers some sort of bailout. It is not clear how much of it will be given however. This is sending stock market futures higher in addition to the potential stimulus that is coming when Barack Obama becomes President.
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Democrats are expected to vote in a special session this week in regards to giving the big three auto markers some sort of bailout. It is not clear how much of it will be given however. This is sending stock market futures higher in addition to the potential stimulus that is coming when Barack Obama becomes President.
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Subscribe to:
Posts (Atom)