We’re still trading pretty much sideways. Rumors are causing spikes in certain issues, only to pullback hard. Most forward moves have been unable to sustain themselves so far. However, NMX is still rising on rumors of takeover, again. If you trade any of these rumors, don’t hesitate to pull the sell trigger once you have some profit.
If volume comes in after lunch, the indices are set up for an upward move. Volume has been below average all morning, but there have been individual stocks moving to the upside. Just about everything “China” today has been making gains. So far, it’s just been a rather lackluster day.
Recent Posts:
- Economic Data and Earnings Schedule for September 9 2010
- Market Update
- Economic Data and Earnings Schedule for September 8 2010
- It’s Not a Bailout – It’s An Intervention
- Headed Off To College This Year And Got A Student Loan? Sallie Mae Thanks You!
- ECRI Leading Economic Indicator Drops – Again
