Stock Market
All comments and Stock Market Ananlysis are made by Guy Brumley. Guy has been trading the Stock Market daily since 1992.
Trading, evaluating stock prices and predictions
Market Commentary 02-09-2009
This is the week of option expirations. The usual pattern is for the averages to gain big one day and lose big the next, not necessarily in that order. The wild swings bringing quick profits on options that expire at the end of the week.
Today’s market is in a holding pattern until the stimulus package passes. The averages moved around the unchanged level all day. Some financial stocks showed strength, continuing on last week’s gains, but they are a difficult trade.
When the stimulus package passes it is anybody’s guess which way the market will head.
The best play may be “buy the rumor – sell the fact”.
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