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May 15, 2008 Stock Market Recap
Posted on May 15, 2008
Today was almost a replay of yesterday s session minus the last two hours of selling. The Nasdaq climbed back above its 200-day moving average and was able stay above through the end of the day. The other indices are perched just below their 200s and look poised to follow in the Nasdaq s footsteps. I would have liked to have seen stronger volume today, especially on the Nasdaq. I prefer to see these breaks of resistance happen on a big volume surge. It ll be interesting to see what effect tomorrow s options expiration has on both price and volume.Trend TableI m going to call the ...
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