To Rally or not to Rally

By TheWild1 at 23 March, 2008, 11:35 pm, Categories : Financial Markets

EDIT (4:20 PM) - What a great day!!

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Every where I look everybody is expecting a rally to be just around the corner. All this mushy mushy stuff is making me a little weary; nonetheless I will be READY. Some of the stocks on my radar include:

Steel Dynamics (STLD)

Sitting right at its resistance of the 50 day moving average, with increasing volume. If it resistance is broken, then first target can be set at $69.

STLD 032308

Nucor Corp (NUE)

This stock has basically been like an ATM machine for me. It goes up, goes down, rinse and repeat. A break of resistance could put target at $75.

NUE 032308

Haliburton (HAL)

The stock has come down a little off its 52 week high. A break of resistance (about $36.70) could see the stock make its way back up to $39.

HAL 032308

Sunaco (SUN)

Still liking this stock by the day, especially on any weakness. I am looking at this stock as more of a long term play compared to the others on my list.

SUN 032308