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

Thursday, August 25, 2011

Stocks stage afternoon rally; Gold drops $104

NEW YORK (AP) -- Stocks are closing higher after a late afternoon surge. Gold dropped $104, the dollar and government bond yields rose as investors became less fearful.
A rise in orders for long-lasting goods like cars and aircraft in July eased fears that the U.S. was headed for another recession.

Stocks rose for a third straight day, but only after swinging from gains to losses and back again. The Dow Jones industrial average rose 144 points, or 1.3 percent, to close at 11,321 Wednesday.

The S&P 500 index rose 15, or 1.3 percent, to 1,178. The Nasdaq rose 22, or 0.9 percent, to 2,468.

More than two stocks rose for every one that fell on the New York Stock Exchange Trading volume was above average at 4.6 billion shares.

Read more

No comments:

Post a Comment

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

Related Posts Plugin for WordPress, Blogger...