Short Notes: Market

Market gave back all of its gains from yesterday.  It will be important to see how stocks react to tomorrow as we are nearing some pretty critical juntures.  For example, stocks are nearly on top of their 200 day moving average which many investors use as a longer term gage of equities.  My guess is that today's action had a lot to do with options expiration on Friday.  Also if I had to guess, I'd say stocks will be higher from here by Friday's close.  However THAT last comment is as I stated a guess!