Stocks Rise on Higher Volume; Bull Run Ahead?
Posted on Wednesday, February 4th, 2009 | In Market Commentary
Contributed by: Market Speculator (http://market-speculator.com) -
Are stocks setting up for a bear market run?
Leading stocks were able to stage their second straight session of positive price action. Volume on the exchanges rose by 2%, although higher than the previous day the lack of large increase leaves an impression big institutional players aren’t yet convinced about this market. Normally, you’d want to see volume explode higher on positive days like Tuesday. Is this another headfake or is this rally for real?
If more stocks like MYGN we may see a sustainable rally from the market.
Market Speculator
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 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. |
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