Day 14: Stocks Close Below Resistance

Day 14: Stocks Close Below Resistance

Thursday, February 25, 2010 Market Commentary: Stocks closed lower but off their intraday lows after the US dollar pulled back as concern eased over tepid economic data and the fate of the EU. Volume, a critical gauge of institutional demand, was higher than Wednesday’s totals which suggested large institutions were selling stocks. Decliners led advancers by a 10-to-9 ratio…

Day 13: Stocks Rally On Lighter Volume

Day 13: Stocks Rally On Lighter Volume

Wednesday, February 24, 2010 Market Commentary: The major averages rallied on the 13th day of the current rally attempt however volume, a critical gauge of institutional demand, fell compared to Tuesday’s totals. The lighter volume behind today’s advance signals large institutions are not aggressively buying stocks. Advancers led decliners by nearly a 3-to-1 ratio on the NYSE and by nearly…