Daily market Comments - December 16, 2008  7:22 PM

The markets get a boost from the Fed...

Well, it took the Fed lowering interest rates to just about zero, but the market seemed to like it today.

The Dow skyrocketed 360 points, and the Nasdaq almost 82. A strong day for both indexes... and... looking at their charts... I'm starting to see Reverse Head & Shoulders bottoms forming on both.

The market is "supposed" to be going up this time of the year anyway. The November - May trading period has historically been the best time to be in the market. So we may be at the start of that run.

Small Golds did well again today. But Financial stocks did just fine as well, with even the Homebuilders making a solid showing. And some analysts are starting to say the Commodity stocks - like the Ag Chemicals (our old favorites) may have bottomed out and are ready to make a sprint to the upside again. One of the strongest tickers in that sector is POT - which "smoked" 44% in just the last week!

Finally, it's very rare that I recommend a stock that was up over 700% in just one day. But I've found one of the prettiest Baffle Plays I've ever seen, and I'm about to let my paying Members in on it. If it works, it will surely be featured in my soon-to-be-updated Stock Market Miracle ebook.