Stocks Power Up End of the Day
April 30, 2008
Friday’s action was a bit dismal until I looked at volume statistics for the day. Volume initially ran hot but declined throughout the day. Stocks were poised to close lower on lighter trade. Not a bad day for consolidation until stocks caught a bid and roared to the highs of the day. A very bullish sign when you can get stocks to rally off the lows like Friday’s action.
I fully expect to see more low volume Monday and Tuesday, I may be wrong but 1st quarter GDP is set to be released … [visit site to read more]
Stocks Power Up End of the Day
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