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September 2009
You are browsing the archive for September 2009.
Leaders Show Strength While Trade Rises Marking a Day of Distribution
A positive Case-Shiller report helped stocks run at the open as volume surged into the market. The higher volume wasn’t a surprise given Monday’s Jewish holiday. Stocks were hit a blow when Consumer Confidence came in lower than expected with a reading of 53.1. Traders initial reaction was negative sending prices lower. The market was [...]
Yom Kippur Slows Volume but Can’t Slow Stocks Advancing
Monday’s session served a lesson to bears who were over anxious from last week’s pull back. The Jewish holiday Yom Kippur held back volume as many on Wall Street observed the religous holiday. It didn’t hold back price gains as traders pushed stocks higher throughout the session. Even a negative reading from the Dallas Federal [...]
Month-End Provides the Market with Volitility
By MarketSpeculator on September 30, 2009
It was another story of the morning pop being sold and the market finding support. Even with a positive revision to the second quarter GDP traders chose to focus on a negative report from Chicago’ Purchasing Managers. Stocks were sold off in panic fashion, volume was running higher suggesting institutions were selling stock. When it [...]
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