Online Stock Trading | Stocks Take a Breathier

Stocks Take a Breathier


Filed Under Market Commentary |

As Ben Bernanke took his seat on the hill Wednesday stocks were able to find some traction.  However, by the latter half of the session stocks could not hold the gains and quickly turned over.  Volume sank across the board as big institutions continue not to sell or buy this market.  A positive sign for the bulls is that we did not sell off on volume or better known as a Distribution day.  A positive sign for our bears is that we did not extend gains on volume.  A mixed picture is quite alright at this point so long as you are not fully margined to the long side.  Cash continues to be a nice place to be waiting for either the other shoe to drop or more pretty charts breakout.

I am so happy that Spring is finally starting to show its face!

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