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Author: Arthur Daret Created: 12/14/2008 7:24 PM
Comments on the stock markets current price and volume action, internals, and more.

Low volume consolidation

By Arthur Daret on 12/30/2008 3:58 PM

This is typically a very slow time of year for traders and volume will pick up after the first of the year.

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Stocks close just below 50-day moving price average

By Arthur Daret on 12/15/2008 1:47 PM

The 50-day moving price average is still an area of price resistance

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Stocks pull back early

By Arthur Daret on 12/12/2008 7:55 AM

Stocks declined early but are attempting to recover.

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Markets acting extremely well

By Arthur Daret on 12/9/2008 10:33 AM

Todays pullback is necessary and not surprising since we are at one of the highest overbought levels in history. Overbought however is a good thing. A pullback in the S&P 500 to the 850-860 area (roughly 5.5% from here) is where we may be heading in-order to consolidate.

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