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
Stock Market Commentary 8-31-2009
The Market begins the week expecting low volume and not much change. The Monday IBD is still counting this as a rally with 3-4 distribution days depending which index you follow. It says stay in.
From the new high list, we are following FUQI, and STEC.
FUQI is a buy at 23.80.
Look for STEC at 34.
The Chicago Purchasing Managers Index has just been announced at 50. This is better than expected, but as usual, the market is not rallying on the good news.
This is another week of watching paint dry, and waiting until the market gets back to full participation after Labor Day.
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