Stocks Slide on Low Volume

Source: http://www.market-speculator.com/2008/12/23/stocks-slide-on-low-volume/
Posted on Tuesday, December 23rd, 2008 | In Market Commentary

Contributed by: Market Speculator (http://market-speculator.com) -

Santa Claus is coming to town, really?

Monday’s session was lackluster at best. Volume was the lowest in a week’s time and was well below Friday and Thursday’s level. A sign large institutions were not selling down this market. Holiday week’s will always be low volume as many are on vacation. Yesterday’s action helped relieve more oversold conditions. Do not make too much of the action during this week as many people are away on vacation.

It is time to be with family and enjoy the Christmas season. Time to be giving and helping out others.

I do not expect too many exciting things coming up, but there is always a chance.

Best,

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Tags for this Post:
Christmas, Market Commentary

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.