Online Stock Trading | Stocks Find Support on Lower Volume

Stocks Find Support on Lower Volume


Filed Under Market Commentary | 1 Comment

Stimulus set to pass senate vote after negotiations, but Tuesday’s action shows what the market thinks of any stimulus.

Trying to save “zombie” companies did not work for the Japanese in the 90s and it will not work for the United States.  The stock market clearly told us the story Tuesday when the Senate passed their own version of this so called “stimulus” bill.  Price and volume has spoken true, it is clear that the market can not sustain any upward move without the support of volume.

Gold, silver, and platinum remain the place to be.  The rate at which the dollar is being “created” or printed is astounding.   Stocks continue to remain very risky on the long side as nasty reversals can take place.  Cash is king!

Market Speculator

Last 5 posts in Market Commentary

Share and Enjoy:
  • Digg
  • del.icio.us
  • Netvouz
  • description
  • ThisNext
  • MisterWong
  • Wists
  • Bumpzee
  • StumbleUpon

Comments

One Response to “Stocks Find Support on Lower Volume”

  1. Stocks Find Support on Lower Volume : Monster Stock Trader on February 12th, 2009 3:01 pm

    [...] Stocks Find Support on Lower Volume Share and Enjoy: [...]

Leave a Reply