Online Stock Trading | Day 2

Day 2


Filed Under Market Commentary |

Broad market rally today.  S&P600 led the charge climbing 1.68%.  Volume tailed off dramatically.  A concern for me, however getting back to back 2.million shares is a tough clip to accomplish.  Nonetheless, we didn’t clear out Day 1s lows.  A good sign.  I am a bit worried, we do not have solid new market leaders as of yet.  We are getting the laggard Mega-Cap rally, at the moment.
 
I plan on doing extensive research on possible market leaders if we do get a follow-through day. 
 
As for now, we can not take out Day 1’s lows and Day 4 will be Tuesday.  Pay special attention to the action the next few days. 
 
As for my Personal Account (PA) I am 40% cash.
 
MktSpec

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Comments

2 Responses to “Day 2”

  1. Anonymous on May 26th, 2006 6:14 am

    How do you know ahead of time which industry groups will be the next leaders?

  2. Market Speculator on May 26th, 2006 10:49 am

    The industry groups that will lead will have at least two stocks that break out into new high grounds.

    I’ll be posting these this weekend.

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