Online Stock Trading | The Stock Market Awaits Election Results

The Stock Market Awaits Election Results


Filed Under Market Commentary |

Stocks end mixed on lower volume, awaiting the next elected President.

The NASDAQ saw a bit of positive price action, but once again volume closed lower than Friday’s level.  In addition, call buying dropped again suggesting many are simply standing on the sidelines waiting on the election results.  Simply put, yesterday was a “nothing” day.  This confirmed rally is weak at best and the lack of accumulation following the confirmation proves that this rally has very little chance of succeeding.  I really would like to see a new bull market but can not commit to anything as of yet.  Hopefully we can get something going on the long side soon but if we don’t I will remain in cash.

Get out and vote!

MS

Last 5 posts in Market Commentary

Share and Enjoy: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Digg
  • del.icio.us
  • Netvouz
  • DZone
  • ThisNext
  • MisterWong
  • Wists
  • Bumpzee
  • StumbleUpon

Comments

One Response to “The Stock Market Awaits Election Results”

  1. The Stock Market Awaits Election Results : Monster Stock Trader on November 4th, 2008 3:05 pm

    […] The Stock Market Awaits Election Results Share and Enjoy: […]

Leave a Reply