stock market today, stock market result

[Weekend Summary] Dear Member: The major indices were more convincing in their bullishness this week as they each moved higher. Today, however, evidenced a bit on indecision with unspectacular volume. The Fed meeting next week has generated increased speculation that there will be a half point rate cut so a quarter point drop could result in a market dip. In any event, things certainly look more bullish today than they did a couple of weeks ago. With the apparent bullish momentum, I returned to bullish trades and bought some shares of Hudson City Bancorp (HCBK) on Wednesday. The stock has moved up since entry. Ceragon Networks (CRNT) has been moving back up along with the market and moved up $1.30 from the low of the week. Evergreen Income Adv Fd (EAD) continues to perform by paying a high rate of dividend while also bouncing up off a prior level of support. I continue to hold the UltraShort QQQ (QID) as a hedge although that looks less necessary now but may be important in the event of a negative response to Fed action next week. Have a great weekend and thank you for subscribing. Bill
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