Online Stock Trading | Stocks Find Their Mojo, Race Higher on Volume

Stocks Find Their Mojo, Race Higher on Volume


Filed Under Market Commentary |

Stocks shook off the FOMC and GDP hangover from Wednesday’s action and raced higher. The important action of yesterday’s move was the NASDAQ clearing Wednesday’s high with greater volume. It shows the elephants are coming back into the room on the long side. Regardless of the macro, consumer sentiment, or opinions the market will do whatever it damn well pleases. Thursday was an example of how powerful price and volume action can be in determining market movements. We are now beginning to see the elephants favoring the upside and ignoring the downside.

I am slowly increasing my exposure to the long side, if we continue to see volume build I will get fully invested. Look for stocks like PWRD!

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