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 9-11-2009
The DOW managed to gain 90 points today, on a benign unemployment report, and on encouraging comments from P&G and TXN, with all the indexes hitting new highs for the year.
The dollar continued weaker today, following yesterday’s commentary, meaning higher stock prices.
The last time I saw a market similar to this was the NASDAQ in the 90’s.
In 1991-1992, and in 1995-1996, the market ran without a two-day pullback for more than 12 months. I remember sitting on the sideline waiting for a perfect time to enter, and never got it.
Tomorrow, I will enter MT, and CEDC, with tight stops. The fuel should come Monday from the President’s speech. Actually, just about any stock could be selected, on the basis, a rising tide will raise all ships.
The key is tight stops.
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