Sunday, March 21, 2010

Clear Skies and 70 Degrees

Hey all. Sorry, been working on things with the fund and been on the road. Busy times.

Really doesn't matter though does it? Commenting on the stock market is like commenting on the San Diego weather. In San Diego today we had clear skies lows in the upper 50s and highs in the upper 70s. In the stock market today the market moved higher on lite volume while volatility moved lower.

That broke Friday but even that was an impressive performance by the bulls who pulled the markets back up going into the close.

The healthcare bill could have an interesting affect on the market. Also have existing home sales on Tuesday which should continue to show that housing is once again double dipping but the snow excuse will probably be given. The number will probably be weak regardless. Southern California is showing weak year over year and month over month sales and don't think there is any snow there?

Anyway, the bulls first mission is to hold 1050 and than after that 1020. That have some room to work in a market that is really overbought.

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