Happy Thanksgiving!
Filed Under Market Psychology |
The stock market delivers gains prior to Thanksgiving on light trade.
Stocks were able to sustain gains throughout the day as the market was able to close on its highs. Volume was lower on the day as many on Wall Street simply stayed away. Wednesday’s gains should carry through to Friday as the quasi trading day will be a lighter volume day. No one will be in the office to be putting any cash to work. I wouldn’t take much away from Friday’s action, but the rise on lower volume this week has been a tell that its not real buying (accumulation). We’ll right this ship, it will take a long time but we’ll get there.
Happy Thanksgiving!
MS
Last 5 posts in Market Psychology
- The Big Question: Have We Bottomed or are We About to Crash - March 10th, 2009
- Happy New Year! - January 1st, 2009
- The Stock Market Falls Apart, Another Black Monday - December 1st, 2008
- Roller Coaster Ride for Stocks Keeps the Lid on an Expected Rally - November 16th, 2008
- Stocks Higher on Hope, but Are We Out of the Woods? - September 9th, 2008
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Happy Thanksgiving!!!