Reflections on Volume

Big volume without further upside equals distribution
Big volume without further downside equals accumulation

Volume tends to peak at turning points
Volume often precedes price movement
Volume is a relative study

Friday, July 1, 2011

Stocks Seek Strong End to Weak June

NEW YORK—U.S. stocks climbed, on pace for a fourth straight day of gains, as encouraging Chicago-area economic data and a pledge from German banks to support heavily indebted Greece boosted investor sentiment as the second quarter comes to a close.

The Dow Jones Industrial Average rose 129 points, or 1.1%, to 12390. The Dow is still in negative territory for the month, but it turned positive for the quarter Thursday, led by Intel, which rose 3.6%, and Hewlett-Packard, which gained 3.5%. The blue-chip index surged 327 points over the past three sessions, marking its strongest three-day performance since mid-March.

The Standard & Poor's 500-stock index jumped 12 points, or 0.9%, to 1319, led by industrial and technology stocks. All 10 of the S&P 500's sectors traded in positive territory. The technology-heavy Nasdaq Composite advanced 33 points, or 1.2%, to 2774. Both measures are now a hair's width from positive territory for the second quarter.

Read more

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.

Related Posts Plugin for WordPress, Blogger...