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We had a trading session today?


Filed Under Market Commentary | 2 Comments

By the looks of it we had a trading session today.
 
(*figures incl. pre-market and regional exchanges)
 
Nasdaq     1.5bil shares
NYSE        1.9bil shares
 
Day 3 of the attempted rally looked decent from a price perspective. 
 
DJI          + .60%
Nas         + .55%
S&P        + .57%
S&P Mid  + .65%
S&P Sml  + .34%
Rus 2k     + .55%
 
I still remain unimpressed about this market.  We have declining volume, was it due to the long weekend?  I could care less, what I do care about is new market leadership which I have compiled a list of 99 stocks…I will be posting those sometime this weekend.  It is not all doom and gloom, up/down volume on the NYSE ran at a 4 to 1 clip.  That is some positive news.
 
If we do get a follow through rally and you have raised cash as I instructed over two weeks ago, we’ll be able to deploy that cash with new market leaders.  Otherwise, if we turn south again, we’ll be sitting pretty on the sidelines. 
 
Enjoy the long holiday weekend.
 
MktSpec

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2 Responses to “We had a trading session today?”

  1. Anonymous on May 28th, 2006 3:51 pm

    nie market.. nice

  2. Market Speculator on May 28th, 2006 5:26 pm

    Thank you!

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