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 3-11-09
After yesterday’s 379 point up day, this morning we will be looking for follow through. The good news from Citi should be good for another positive morning. It will take continued good news to propel this market past the 7000 level. What we need for stocks to go higher is growth. This is in jobs, housing, and spending. Then we get the earnings bounce needed for higher stock prices.
This is a day to take profits at noon and wait for the down day needed for next week’s options. The last hour of trading will be the indicator for market direction.
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