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Market Commentary
Another Day of Gains as Volume Ends Mixed
The Dow Jones Industrial average lags as the NASDAQ and Russell 2000 continue their dominance. Lagging the NASDAQ and Russell 2000, the Dow Jones Industrial average continues to be a weak spot in the market. Today was no exception, but volume on the NYSE jumped. Pushed by trading in Citigroup and AIG volume rose on [...]
Volume Jumps as Does Stock Prices
Stocks tried to pull back but institutions were hungry for stocks pushing indexes higher on higher volume. Volume surged on the day as institutions were certainly accumulating shares. The morning session saw stocks initial pull back, but it wouldn’t last for very long. As the market marked highs during the mid-day they began to lose [...]
NASDAQ Continues Higher as Dow Jones and S&P 500 end Flat
Just another day in this uptrend where price action remains strong. The last hour of trading would leaves a bit to be desired, but overall the action remains very positive. This market continues to defy the odds as “overbought” indicators are signalling this market should pull back. Regardless of a pullback we had plenty of [...]
Stocks Get a Late Day Boost Closing Just off Their Highs
Volume ran lower on the day as pending home sales dropped much more than expected, but prices were able to hold. The session began once again with the market opening higher. Waiting on the pending home sales data traders appeared to chear the lower jobless claims number that had proceeded the open. Upon the release [...]
Stocks Find Resistance, End Flat on Light Volume
Stocks run into resistance as volume dries up with many leaders pulling back in lighter trade. A positive ISM non-manufacturing report gave stocks an initial push in the morning. However, sellers were able to take control by mid-day as volume began to dry up. The morning saw a surge in volume only to see volume [...]
Top Performing Longs Up Tuesday (Purchase Date)
Top longs: MHR +141% (8/21), RDWR +92% (8/12), CAMT +89% (12/22), SNS +69% (7/13), RURL +60% (7/21), AEZ +55% (12/1), PCYC +45% (1/27), VVTV +43% (8/26), WBMD +46% (6/18), MERC +33% (2/10), NTGR +33% (11/11), LCUT +32% (11/2), XRTX +32% (9/30)
Sellers Leave Blemish on the Market as Stocks Close Off Their Lows
Sellers dampened the mood in the afternoon as stocks close just off their lows. Volume was higher on the NASDAQ and NYSE. The NASDAQ was able to close above its open level, but the late day selling leaves a bit of a sour taste on the day. All is not lost, we were able to [...]
Volume Ends Mixed, but Stocks Close Higher
The market opened up the week on a positive note, but on mixed volume. Stocks saw positive price action as small cap stocks led the way. NASDAQ volume was up while NYSE volume was down, but the action was on the NASDAQ. There were plenty of healthy stock gains as our leaders continued to show [...]
The Market Stages A Comeback as Volume Climbs
Stocks managed to stage an impressive rebound after the market took a dive as jobless claims rose dramatically. Stocks were sent lower during the morning session as volume swelled. Much of the selling action was done in panic fashion. Fear indicators also jumped as sellers dominated trading for much of the day. Buyers were able [...]
Just Another Positive Day, but Volume Slips
By MarketSpeculator on March 11, 2010
A last hour surge puts stocks in the green as volume slips lower. Jobless claims came in lower than expectations, but failed to inspire the bulls. Trading was tame throughout much of the day as volume was well below Wednesday’s level. There wasn’t much excitement in today’s trading session; stocks were pulling back in ultra [...]
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