Stocks Soar on Light Trade
Filed Under Market Commentary |
CNBC and other news outlets crediting the JPM increased bid for BSC as the catalyst to push stocks higher throughout the day. Volume eased across the board, ran lighter than Thursday and Wednesday’s levels. Not a great sign for the Market Bottom crowd. Ideally, coming off the lows you want to see price gains along with volume. Low volume rallies tend to be the m.o. of Bear Market rallies. Cash continues to be king, but the end does seem to appear near. How close are we? Its a too tough to call right now, but it does seem like we are inching ever so closely.
It is time to build a watch list full of stocks who have tremendous growth #s in sales and EPS. These stocks are your real winners when fresh new bull markets emerge.
Market Speculator
Last 5 posts in Market Commentary
- Resistance is Proving to be Too Great for Major Indexes - August 19th, 2008
- Stocks Reversed from Highs in Lackluster Trade - August 16th, 2008
- Low Volume Rally as NASDAQ Retakes a Key Moving Average - August 15th, 2008
- We Are Severely Overbought and the Global Slowdown is Beginning to Show its Face - August 13th, 2008
- Proceeding With Caution, This Market is Shaky at Best - August 12th, 2008
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2 Responses to “Stocks Soar on Light Trade”
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i’ll be back with some picks that have good eps prospects–
zee
thanks zee