Stocks & Euro Tank On Strong Economic Data
Monday, June 1, 2010
Stock Market Commentary:
The major averages traded between positive and negative territory as investors digested the latest round stronger than expected economic data. On Tuesday, volume totals were mixed, reported slightly higher compared to Friday’s totals on the NYSE while the Nasdaq exchange’s volume total was lower. Decliners led advancers by over a 3-to-1 ratio on the NYSE and over a 4-to-1 ratio on the Nasdaq exchange. There were 5 high-ranked companies from the CANSLIM.net Leaders List that made a new 52-week high and appeared on the CANSLIM.net BreakOuts Page, sharply lower than the 12 issues that appeared on the prior session. New 52-week highs outnumbered new 52-week lows on the NYSE while new lows outnumbered new highs on the Nasdaq exchange.