Online Stock Trading | Volume Remains Below Average but Jumps From Previous Session

Volume Remains Below Average but Jumps From Previous Session


Filed Under Market Commentary |

Shocking news came from the oil pits when oil inventories were released prematurely.  However, it was the catalyst that sent a wave of selling through the pits.  Crude oil corrected throughout much of the day and stocks took advantage.  Volume was higher across the board but again was below average.  The big institutional players continue to sit on the sidelines and are unwilling to put any cash on hand to work.  We certainly need institutional support going forward.  This low volume environment can lead to many whipsaws and shakeouts/fakeouts it can leave one spinning in their seat.  Its best to keep cash on hand to put to work when the time comes.

This post is going to be short and sweet.  I have a slightly bullish bias in this market.  Its obvious but I want to make clear that we have a substantial 35-60% cash on hand.  Trade Safe.

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Comments

One Response to “Volume Remains Below Average but Jumps From Previous Session”

  1. Volume Remains Below Average but Jumps From Previous Session | Investors Paradise on May 30th, 2008 12:13 pm

    […] Shocking news came from the oil pits when oil inventories were released prematurely.  However, it was the catalyst that sent a wave of selling through the pits.  Crude oil corrected throughout much of the day and stocks took advantage.  Volume was higher across the board but again was below average.  The big institutional players continue to sit on the sidelines and are unwilling to put any cash on hand to work.  We certainly need institutional support going forward.  This low volume … [visit site to read more] […]

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