Market Outlook for week of Feb. 9th: Up & Down in a tight range until the Stimulus is passed.

Yes, we are doomed to uncertainty for the day today and possibly the next few days as the Stimulus package is in its final stages before the approval of Congress and the signature of the President. When the market closed on Friday we thought we might have a deal Friday night in the Senate and a vote, but we didn't. In anticipation the market rose Friday about 200 points. Now we know there has been posturing again over the weekend and only 3 Republican Senators look like they will sign it. Sen. Susan Collins Republican of Maine looked frustrated with her Republican colleagues on Friday night for not joining her other two colleagues, Sen. Arlan Spector and Sen. Olympia Snow, also of Maine, in joining their bipartisan move and be willing to add their endorsement.

Pre-market reflects this dichotomy, as the Dow is down about 50 points. This evening President Obama is taking his message directly to the American people in hopes of having them flood the Congress and Senate with their voices by emailing or calling them to get support for his bill. I don't think the strategy will work as most of the Republicans are still in Republican strongholds and their seats are safe with their constituents. But President Obama feels he must try and so he will. It should be interesting as the Oval office does not allow him the live audience to give a stirring speech as he would live with 10's of thousands of people in his proximity. He will get the Bill passed so their is no doubt about that. So when all is said and done the market will rise when it does.

I forgot to mention on Friday, but I bought back into MGM, as the price was irresistible at $6.20/share. I expect this stock to go back to $10/share on a strong Bear market rally coming to a neighborhood near you soon. I will not try to buy TZA in these small moves down and try to time the market. It would be foolish to do this during this week. I will keep my TNA and SSO and will not sell them although, depending on any pullback, I would add to the shares I own with additional purchases. I currently have about 6,000 shares of TNA and 3000 shares of SSO.