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Stocks Avoid Distribution, End well off Lows for another Bullish Day

May 14, 2008

A slew of economic data sent stocks lower in the morning, having many believe we were ready to crash. As oil neared $127 a barrel stocks could not be pushed much lower. Rather than continue to hit new lows stocks began to lift off their lows. The NASDAQ was positive by 1pm shrugging off the negativity in the market. Oil and Natural Gas, to a lessor extent have weighed on the retail and media crowd. Many are ignoring the market action, in its most simplest form. Price and … [visit site to read more]

Stocks Avoid Distribution, End well off Lows for another Bullish Day

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