Online Stock Trading | Nasdaq leads market in reversal on the 5 year anniversary of 9/11

Nasdaq leads market in reversal on the 5 year anniversary of 9/11


Filed Under Market Commentary |

Stocks fell hard in the morning as the nation remembered the victims and the heroes of September 11. Nasdaq fell as much as .63% in the morning. Stocks managed to gain momentum just after noon time. Volume ran higher than Friday a good sign for bulls. Bulls like to see positive reversals, especially on higher volume.
Today’s action was a positive move for bulls. However, we still have 4 trading days left in the week.
BTJ - just awful, however, I still haven’t hit my stop loss. The sell off has been brutal, but volume hasn’t been as bad as it could have. I’m cautiously optimistic, if it cuts its 50dma on a close. I’m out.
NITE - Much to do about nothing, trade was light today on the upside.
UACL - keeps stabbing me in my back, I simply can’t sell. It is really pathetic. Its a good thing it isn’t a LARGE, BIG portion of my portfolio.
Safe and Happy trading.
MktSpec

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