Volume is back!
May 10, 2006 · Print This Article
As expected, volume moved back into the maket today. Immediately following the Fed report volume picked up and so did volatility. Unfortunately, at the end of the day the S&P basically ended up where it started. Bernanke stated that “further moves may not yet be needed to address inflation risks” and any such action “will depend importantly on the evolution of the economic outlook as implied by incoming information.” “Importantly” seemed to be the key additional word as I heard analysts breakdown the word and its contextual meaning all day. Is it really that hard?
Daily Articles of Interest
- to 5-Year High
- Traders differ from amateurs”
- Risky Investment Trends Raise a Red Flag
- SPY – 68.5 (Neutral)
- DIA – 88.4 (Very Overbought)
- QQQQ – 37.5 (Neutral)
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