Market outlook: More of the same!

Have you been enjoying the market rise this week. Well get ready for more of the same. I know, you don't really believe it or are just anxious the market will just drop like a rock. That is how the psychology has been affected by continued daily dropping of the Dow and S&P 500. It can make you be afraid fro a very long time. And on any market pullback it can reenforce those fears. That is why many of us are saying we have changed a generation of investors. Some may never venture back into the market again in their lifetime. They have been decimated. They don't have extra cash sitting on the sidelines to put back into the market at this time.

So here wee are with Futures today pointing up. The VIX Index closed at 40.06 yesterday. One surprise was that the Fed has been buying long term Treasury debt and this has created concern about the value of the dollar. Hence Gold is up this morning over $60/ounce to $948, a real surprise move.

Citigroup has really taken off. As I posted I bought more shares at $2.41/share and watched the price sore yesterday hitting a high of $3.30 but closing at $3.08, but in pre-market it has jumped again to a high of $3.65 and currently is at $3.49/share. From my original purchase price of $1.70/share the stock is up over 100% and rising.

Ford is also doing well. It closed yesterday at $2.47 and in pre-market it is currently at $2.74. My purchase price for this stock is $1.90 so this is up now 44%. It will continue to rise to over $3.25 in my opinion.

And lastly both ETF's TNA and SSO have come back strongly and should continue to move up. Don't forget that Options Expiration is tomorrow and anything can happen. Today volatility should increase as possibly shorts start covering ever stronger as we approach 810 on the S&P, which is a major resistance level. Good luck! Oh, and if you haven't voted in my Mini poll, please do as it is on the right menu margin.