Stocks Find Support on Lower Volume
Source: http://www.market-speculator.com/2009/02/12/stocks-find-support-on-lower-volume/Posted on Thursday, February 12th, 2009 | In Market Commentary
Contributed by: Market Speculator (http://market-speculator.com) -
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 by Market Speculator
- Quality Growth Stocks Lead the Way as Stocks Advance in Mixed Trade - June 2nd, 2009
- Re-Inflating the Bubble; Inflationary Pressue Lifting Stocks - June 1st, 2009
- Treasuries Begin Their Decline Striking Fear into the Stock Market - May 28th, 2009
- Follow on Twitter and Seeking Alpha - May 28th, 2009
- Sipping on a Cup of Coffee Deciphering Whether or Not The Stock Market is About to Make a Leg Down - May 11th, 2009
 About Market Speculator (http://market-speculator.com)
Market Speculator began his market career shortly before 9/11/01. The methodology he uses comes from the greatest stock market traders of all time; Livermore, Darvas, O’Neil, Dryfus, etc. Decision making is based on price and volume while stock screening is done by growth in fundamentals. Much like William O’Neil’s CAN SLIM approach to investing Market Speculator focuses on a narrow amount of stocks and lives by cutting his losses early. |
No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.