Day Count Reset; Market In A Correction 2.4.10

 Thursday, February 4, 2010
Market Commentary:

Stocks got whacked on Thursday sending all of the major averages below Monday’s lows as the dollar rallied. Volume was heavier than the prior session on the NYSE and Nasdaq exchange which signaled large institutions were aggressively selling stocks. Decliners trumped advancers by over a 7-to-1 ratio on the NYSE and over a 6-to-1 ratio on the Nasdaq exchange. There were only XX high-ranked companies from the Leaders List that made a new 52-week high and appeared on the BreakOuts Page, lower than the 10 issues that appeared on the prior session. New 52-week highs outnumbered new 52-week lows on the NYSE but trailed on the Nasdaq exchange.

Dollar Up; Stocks & Commodities Down:

Continue reading