Contact Us Disclosures Blog
Make an Appointment Contact Us Podcast Blog
Market Commentary Audio Archives Book Shelf InvestAbility Center

Market Reaction

June 19, 2009 – 10:36 am

This is quadruple witching day, which means that options expire. It usually translates into more volatility in stock prices for the few days preceding and the day of the expiration. The problem is we can’t determine in advance if it is going to be up or down volatility, but it does tend to push stocks around more so than those weeks without triple witching.

Yesterday a report showed us that leading economic indicators were up for the second month in a row: there was a much stronger report from the Philly Fed concerning the business outlook for that area and continuing claims for unemployment fell 130,000 to 6.6 million. These numbers did ‘not’ show a return to growth in our economy and in fact the economy is still very weak as the numbers demonstrate. However, they all were much better than prior months and hint at a possible change. Any change is a welcome relief.

It is and has been time to be in the market, not out.

Good Trading
Steve Peasley

Post a Comment