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Stock Market Closing Report - 12/8/20 December 8, 2020

Tuesday, September 30, 2008

Google GOOG Stock Close Today

Did anyone see the weird trading in Google today at the close? Google shot up to $480's on heavy volume....and then tanked to .01 ......

5 million shares changed hand in that whole event.....very strange...i'm sure all kinds of stop orders were taken out both ways....and i'm sure all trades after 3:58pm est today will be reversed.

Very weird stuff going on in the stock market this week!

Apple ( AAPL ) $112 Resistance Level - Day Trading AAPL 9/30

Today Apple ( AAPL ) is recovering along with the technology sector very nicely. We are back to yesterdays resistance level at $112....if we can somehow punch through that mark...it will be very bullish going forward. I'd like to see a close over this level in the next few days.

Apple intraday has had support at $106 and $108 for you day traders out there.

Apple AAPL Buy Upgrade 9/30

This morning, 9:05am EST Apple ( AAPL ) has been upgraded:

Apple Raised To Buy From Hold By Gabelli >AAPL

Stocks to Watch: 9/30 - AAPL, RIMM, FSLR

Today we are getting a bounce higher from yesterdays record plunge. Thursday looks like the earliest that they could start working on a new deal for the bailout plan. I honestly don't see this bill passing now because if you tweak the package, some of the No voters will turn to yes, but maybe some of the Yes voters will now turn to No.

Jim Cramer's new target for the Dow is 8200 if this deal doesn't get passed.

So what if we do get a deal? Well, I think you could see a 700 point up day if not more. Cramer said he's ready to tell people to buy when and if this thing passes.

Putting the above aside, stocks I will be watching and trading today are FSLR, AAPL, and RIMM. These three stocks are super volatile so and quick plunge should be bought, just remember to take profits quick. On Apple, $112 failed many times yesterday so if we break up through this level in the next couple days...you could see a nice move higher from that level.
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