Online Stock Trading | End of Day rally helps push stocks to positive territory

End of Day rally helps push stocks to positive territory


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Market gets late day push from investors avoiding consecutive negative trading sessions.  Again, volume came lower on this market rally.  The trend is continuing with rallies where volume is weak and lower than the prior trading session.  NYSE volume came in at 1400.7mm down 6% and Nasdaq composite 1210.5mm down 9%.  Clearly the big fellas, institutions are on the sidelines.  Inflation continues to be the main focus for investors as the FED has made it clear to the market they are inflation hawks. 
 
The Nasdaq and S&P 500 led the charge up .6% followed the Dow .5%. 
 
I think we’ll get a lot of seesaw action on the immediate release of the FED decision and minutes that follow.  Day 11 passed and no confirmation, I still do not see a follow through coming at all. 
 
We wait patiently, this weekend I will build a watch list. 
 
Enjoy the action tomorrow!
 
MktSpec

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