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Nightly Stock Picks, March 3 2008
http://www.stocktradingtogo.com/ 2008/ 03/ 03/ nightly-stock-picks-march-3-2008/
A low volume day today for the markets. It was a roller coaster though with a last hour rally coming in to bring the indices back near neutrality. Gold stocks had another good day today, and Steel rebounded nicely (MTL led the way). NASDAQ Composite Last support area between 2200 and 2250 for this index, will it hold? S&P 500 (SPY) Latest support today came at $132.50. The SPY is possibly on its last support line before tumbling back down below $130. Bulls hold your breadth. Companhia Vale do Rio Doce (RIO) Not a buy right now but RIO could base out very well over the coming weeks.
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