Online Stock Trading | Friday Recap

Friday Recap


Filed Under Market Commentary |

The markets slid significantly, fears about rates could be blamed for the
decline. Does this matter, no!! Why? Wasn’t a distrbution day, volume came in
lighter than prior day,. Breadth was bad…althought new highs continued to
outpace new lows by a better than 3 to 1 pace. Lower volume coupled with new
highs does not make think this market should be sold.

AAII bull/bear index split significantly…Bulls jumped to 47.7 while bears left
camped and dropped to 23.26. Nothing too exciting there, if the bull index
came in above 50 there may be a hint of being worried…

Overall, we’ll continue to be in the bull market.

Watch list:
ASVI ABAX ASEI ANDE AQNT ATHR ATLS CIB RATE BECN BLK BUCY BOT CBG CLZR CHAP CME
CWTR FIX CMC COGO CNQR CLB CYBS DXPE DAKT DIOD DBRN DW DRQ BOOM EXP ERS WIRE
EZPW FCFS FTK FORM GDI GRMN GWR GHL GYMB HANS HITT IVAC ITG ITRI JEC JOSB KEYS
KOMG LIFC MSM MVK NOIZ MSCC MLR MFLX NSSC NFP NWRE NETL NEU OVTI OPTC PTRY
RTI RS SCHK SCSS TMI TTI TNB THO TRID USG UIC VIMC WCC ZUMZ

Enjoy the weekend!

MktSpec

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