Rally Hits Wall Street as Volume Drops Off
May 28, 2010 | Comments Off
Rumors China was not looking at their European holdings helped fuel traders fire to scoop up shares. Unfortunately, institutions did not share the same vigor as volume was lower by more than 21% across the board. While the price action was certainly positive the extreme drop off in volume certainly gave us pause. The rally [...]
Rally Hits Wall Street as Volume Drops Off
Heavy Volume Reversal Erases Day’s Gains
May 27, 2010 | Comments Off
A light volume rise in stocks for most of today’s session were completely erased as heavy volume selling sent stocks lower erasing all of the morning gains. The media is blaming China for reviewing their Euro holdings, but the fear of further weakening of the Euro had traders selling stock in droves. Volume on the [...]
Heavy Volume Reversal Erases Day’s Gains
End of Day Rally Lift Stocks Off Their Lows
May 26, 2010 | Comments Off
If you were living under a rock you would woken up not knowing what hit them as the market gapped lower. Those who were reading headlines were woken up to “market plunging” and “fear over European debt spreading.” Volume soared from start to finish as traders rushed in to sell stock in the morning only [...]
End of Day Rally Lift Stocks Off Their Lows
Stocks Take a Swan Dive into the Close
May 25, 2010 | Comments Off
The story ending the day Friday was the surge in price action at the close, especially with volume surging. On the flip side, today’s close was on lower volume than Friday, but the collapse in prices highlights the lack of bids supporting the market. During the morning hours the market got a bit of good [...]
Stocks Take a Swan Dive into the Close
A Quick Reminder About Follow-Through Days
May 25, 2010 | Comments Off
Follow-Through Day according to IBD (Investors Business Daily):
After a significant market correction, the market will look to regain its footing. Any up day then counts as Day 1 of an attempted rally.
The next two sessions, Days 2 and 3, don’t need to show much in the way of gains. As long as they don’t undercut [...]
A Quick Reminder About Follow-Through Days
Buyers Flee as Sellers Continue to Ravage the Market
May 21, 2010 | Comments Off
Thursday’s action was filled with failed rally attempts and heavy volume selling. Even as the Euro stabilized our markets began to shift its focus away from the Euro and onto other potential pitfalls for the market. Whatever the market was viewing as the reason for the selling it simply doesn’t matter what we are seeing [...]
Buyers Flee as Sellers Continue to Ravage the Market
Buyers Find Their Way into the Market as Volume Jumps
May 20, 2010 | Comments Off
The early morning rally did not last very long as sellers took the market by storm. Many stocks were breaking to new lows and volume was flying higher. However, by mid-day stocks were finding a footing as sellers appeared to have been exhausted. As the market moved higher volume didn’t surge back into the market, [...]
Buyers Find Their Way into the Market as Volume Jumps
Stocks Fall in Fast Trade, Correction Deepens
May 19, 2010 | Comments Off
Stocks continue to weaken as the market continues its slide as the Euro continues its free fall. Continued fears about the viability of the European Union has currency traders pushing the Euro lower. It appears the general consensus is the union will be unable to weather the debt storms created by Greece, Spain, Portugal, Italy [...]
Stocks Fall in Fast Trade, Correction Deepens
Stocks Rebound as European Fears Continue to Dominate
May 18, 2010 | Comments Off
Stocks enjoyed a decent open with buyers trying to support the market, but it was the weakness going into the close in Europe that set the tone for much of the day. As the European markets closed sellers rocked stocks as they enjoyed a nice push, but at the close they were well off their [...]
Stocks Rebound as European Fears Continue to Dominate
Top Current Holdings With Total Returns Since Purchase
May 18, 2010 | Comments Off
stock symbol – % return – date of purchase:
currently holding 12 longs 6 shorts (after WED opening bell)
MHR 296% 8/21/09
LCUT 138% 11/2/09
CAMT 86% 12/21/09
UPI 62% 4/26/10
RSOL 15% 5/12/10
SCCO 9% 5/11/10 (short position)
NOV 5% 5/11/10 (short position)
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