Wednesday, March 10, 2010 Market Commentary: US stocks ended higher on the tenth anniversary of the 2000 dot-com bubble. Volume, a critical gauge of institutional demand, was reported mixed compared to the prior session; higher on the Nasdaq exchange and lower on the NYSE. Advancers led decliners by a 2-to-1 ratio on the NYSE and by nearly a 2-to-1 margin on the Nasdaq exchange. There were 50 high-ranked…
Light trading volume has accompanied the market’s latest rally. Should investors worry, or care? Barron’s Mike Santoli has more.
Here’s list of 5 Fears Investors Have Right Now: US Economic Growth: The lack of job growth and ongoing stagnation in housing remains a top concern. Interest Rates: How will the massive government deficits effect interest rates? The fiscal and economic health of Greece, Spain, Portugal and Ireland (i.e. PIGS). New Bubbles: Emerging Markets or Chinese real-estate? The high price…
Since last the March 1, FTD the market and a batch of leading stocks steadily rallied. The fact that we have not seen any serious distribution days since the FTD bodes well for this nascent rally. It is also a welcome sign to see the market continue to improve as investors digest the latest round of stronger than expected economic and earnings data. Remember that now that a new rally has been confirmed, the window is open to start buying high quality breakouts. Trade accordingly.
How large cap tech shares have fared since the March 2009 market bottom
Top 5 Dow stocks since March market bottom
5 worst Dow stocks since March market bottom
S&P 500 laggards since the March 2009 bottom
Top 10 S&P 500 winners since the March 2009 bottom
Looking at the market, since last Monday’s follow-through day (FTD), the market and a batch of leading stocks, steadily rallied which is a healthy sign. The fact that we have not seen any serious distribution days show up since Monday’s FTD bodes well for this nascent rally. It is also a welcome sign to see the market continue to improve as investors digest the latest round of stronger than expected economic and earnings data. Remember that now that a new rally has been confirmed, the window is open to start buying high quality breakouts. Trade accordingly.