Tag: light volume

Small Gains, Light Volume

Small gains were made today across the board as volume was extremely light, even for half a day. Friday isn’t expected to be a “normal” trading day either so perhaps the best thing would be to take a breather and start back up on Monday. Weekly jobless claims came in a bit hotter than expected

Continue Reading

Paint Drying Day

As expected, another light volume day and not much movement, relatively speaking, either. The selling pressure did kick in around 10:30 as the decliners broke above the advancers in the breadth. Bad news continues to come into the equities market yet, for the most part, the bulls are standing firm. GDP did come in as

Continue Reading

Pre-Holiday = Light Volume

Today’s volume looked like pre-market trading as there just wasn’t much participation. It’s only going to get worse as we approach the half-day on Wednesday as investors are looking elsewhere to dull the losses until the new year begins. Although, on Wednesday we do get three rather large reports from the government so we could

Continue Reading

Walking Lightly

Yes, today’s price action in the Dow and the S&P was the third straight day of gains, but we formed a black candle in the broader market. The black candle occurs when you close lower than the open, but you also close above the prior day’s close. Basically, it’s seen as a bearish candle as

Continue Reading

What’s the deal with Mondays?

Not much good in the stock market today as the selling pretty much began as the bell rang. Take a look at the breadth and you can see the decline as the day wore on. The volume today was anemic and that is becoming the norm now for Mondays. Not sure if that will remain

Continue Reading

Pre-election doldrums

Today’s price action shouldn’t be too surprising given the history that will be made tomorrow. Yes, that’s right, everyone that’s a citizen of the US should be voting tomorrow as we will either have the first African-American President or the first female Vice-President. It’s a crap shoot as far as how the market will react

Continue Reading