The Market

As expected, the stock market is moving higher. It is Monday you know! The only question now is, "will it stay in positive territory?" That's anybody's guess but I do have an opinion (which is worthless). The market is going to respond up and down all day long to any news - whether expected or not - that may have any bearing on stocks.

The pros (and/or the computer systems) will determine the final outcome probably in the last 30 minutes of trading.

At this point, I'm mostly invested in stocks that seem to be moving upward regardless of the "play of the day." But, I'm ready to go into short investments (i.e. TZA, SDS) when the market gives some clear indication that it is ready to pull back. Baring major market news, that signal will probably not come today.

One stock of note: GDP moved above the Trend Line (see AllAllan.blogspot.com) and created a buy signal last Thursday. Today, it appears that others have noticed the trend and are pushing GDP significantly higher.