Market Closes at Session Highs, Get Ready for Tomorrow
This is a quick note for any of those looking to take advantage of the long awaited rebound of the market, this is your shot to make some quick cash (if you haven’t already today).
The NASDAQ finished up 1.39% to 2474.55 (look for some resistance at 2520), the Dow finished up 1.16% to 12735.00, and the S&P 500 finished up 1.36% to 1409.13.
Individual stocks that will lead tomorrow’s session if it ends up being strong include the same stocks I mentioned earlier this afternoon: Google (GOOG), First Solar (FSLR), Baidu.com (BIDU), Apple (AAPL), Research in Motion (RIMM), and Potash (POT) amongst many others.
And for those conservative investors out there you can easily buy some QQQQ, QLD for the ultra NASDAQ 100, SPY or as Jack has been playing it grab some DIA. These are all ETFs that track the major market indices.
For me personally, right now I am margined in a healthy position with FSLR I bought at $217 even today (my trading account is less than $10k) and I am looking to see $250 or higher if the market rallies strong tomorrow.
In post-hours trading a handful of stocks tacked on a few points to their session gains, and don’t be surprised to see the market gap at the open tomorrow. Watch your indicators closely, and be ready for strong price volatility as usual. Based on the last 1.5 hours of trading today that price volatility should be to the upside!
