Wednesday, March 14, 2007

2 picks for Tomorrow

NYX: If we get a rally in the market tomorrow, I think this stock is poised to move higher. The last time the market sold off and regained traction NYX moved 6 points the next day. I think the same thing could happen tomorrow. Cramer also had a positive note on the stock today, that should add to a nice boost in the morning shaking out some more short sellers.

I'm also looking to add to my position in QID, corresponds to twice the inverse of the daily performance of the NASDAQ-100 Index, this position gives me piece of mind on a down 200 day. It is a perfect way to hedge your portfolio. I'm looking to pick some up under $55.

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