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Stocks Bounce From Intra-Day Lows on Higher Volume but Still Below Average

May 29, 2008

Stocks opened positive on Wednesday as crude oil prices remained lower.  However, since the market has a laser focus on the Crude Oil market as Crude traded higher the market went lower.  The disconnect between the two markets didn’t occur until Crude’s open-cry session was complete at 2:30pmEST.  Stocks began to work towards the upside and closed near its highs of the day.  Quite a bit of support from traders, but volume continued to remain below average.  Again, the big institutional … [visit site to read more]

Stocks Bounce From Intra-Day Lows on Higher Volume but Still Below Average

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