Tuesday, October 13, 2009

10 13 09 Market Comment

While we are still off the mid-September highs, the market has been moving back up for last 6 straight days. Futures indicate a slightly higher open today. Also, Intel and Johnson and Johnson report earnings today; we will have to see what the impact will be.

Junk bonds continue their low volatility uptrend.  Muni bonds have been giving back a little of their previous months gain; I am looking for a possible buying opportunity.

We continue to use 50 day moving average stops to protect our positions.

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