What are they waiting for, 2pm to run the markets up. What is taking them so long to get this friday rally moving. I thought it would have started by now, the nasdaq is already getting a head start.
we're under resistance at the moment, that needs to be taken out before a move higher, methinks it wont happen
nah its happening slowly, be patient, nasdaq has been climbing ever so slowly without any kind of pullback since the opening, up about 16 right now at 2476, by next week it will clear 2500. Once the dow trends into the green its all up from here into the close.
FYI This is my only account ask the admins if you don't believe me. Secondly, some of you guys seem to attack any market move or idea with the slightest bit of bullish sentiment or even a balanced sentiment. For example, I am actually short today on several investments, and hoping for some follow through at the close. I am concerned that I could be too early on the mild corrective action I expect on some stocks. With respect to earnings, ignore the low ball estimates for a while and simply look at actual dollar earnings ( and associated P/E ). Numerous companies registered very strong results; this naturally makes trading more difficult right now because the market can go in either direction. Bad earnings and we'd be selling off. Didn't happen. So the most likely market now is a range somewhat higher then the range we traded earlier this year. I could be totally wrong, but my instincts are saying range with high/low underdetermined until we establish a top. But where the index goes doesn't matter to me. There are plenty of trading opportunities right now with significant stock divergence that is the sign of a healthy market.
Today is going down in my top 10 list for the slowest trading day of the year. Nasdaq stuck in a 3 point trading range Dow stuck in a 5 point trading range SPX stuck in a 1 point trading range.
SPY volume is really, really sad today. 10 minutes before the close and it didnt even break 100 million. I guess everyone is waiting for the g20 meeting. Volume: 82,206,136 Avg Vol (3m): 199,661,000