Online Stock Trading | Back in the Saddle

Back in the Saddle


Filed Under Market Commentary |

Glad to be back!

Volume is running normal on NYSE and Nazdaq, Nazdaq is running around 2.1 bil
and the NYSE is around 1.7 bil. New Highs to New Lows is continuing to be
strong at a better than 9 to 1 rate at the moment. Rus 2k is leading the charge
negative followed by SPX, Naz, Dow industrials. Decliners are outpacing
Advancers on the Naz…all in all, its a pretty quiet day…nothing to be
alarmed about.

CNBC had some talking heads speaking about walls of worry and how we should be
worried. We should be worried when the market gives you something to worry
about. My father used to say to me: “what are you crying for, do you want me
to give you something to cry about???” This holds true for the market. Once we
get a 5th day of distribution, breakdown of the 50dma…something! But, to
drum out concerns doesn’t mean you should act. Its always better to follow what
the market does rather than some shmo who feels he is more knowledgable than
the market.

Looking for some new buys here, will hopefully have some by the end out the
trading day. We’ll see…

Glad to be back!!!

MktSpec

Last 5 posts in Market Commentary

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