Thursday, December 04, 2008

20081103PM

DOW 8,591.69 +172.60
NASDAQ 1,492.38 +42.58
S&P 500 870.74 +21.93
Large caps have strength while small caps aren't showing a lot of strength. Solar stocks did good today..
Many ABC ups.
When bonds crack downward, market will rocket up with money rotating out of bonds. Start scaling out of gov't bonds if you are long. (Treasury bonds - not corporate bonds.)

FSLR 133.72 +17.60.
SPWRA 34.40 +4.23. Going to make run for B at 35.2. Tomorrow consider intraday buy scalp.

URE 4.92 +0.61 (14.15%) Ultra Real Estate ProShares. 52 week range 3.07 - 43.38.
SPG 47.49 +2.82 (6.31%) Simon Property Group Inc. 52 week range 33.78 - 106.43.

XTO 35.74 +0.13. Looking for 46.
FCX 18.05 -3.77 (17.28%). 52 week low 17.01 - 127.24. Discontinued dividend. This could be a good low because it couldn't stay at the lows today.
BTU 21.98 +1.27 (6.13%). Going to 27.

AMZN Going to 48.
C 7.82 +0.60 (8.31%).

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