The market traded higher at 2pm EST. All exchanges scored over 1% gain, the Nasdaq market is attack the 2100 mark. Unfortunately the volume is lacking as compared to Thursday's volume. This means less buyers today than sellers yesterday. It is not what you wanted to see in any good market. Once the market turns south, I would use this opportunity to sell my holdings.
I have a good feeling that once Nasdaq hits 2100, it will reverse to the down side. I hope I am wrong about it, but the probability is very high right now because the actions I saw in the past trading sessions.
Today's Stock Movers at 2:00 pm EST
Volume Momemtum Compared to normal days:
(Stock), (price), (+/-), (volume compared to normal)
Stocks Up:
(MWIV) 36.16 +2.18 +361
(PNK) 27.45 +1.33 +192
(AB) 65.97 +1.88 +163
(PVTB) 46.51 +1.97 +148
(WLSC) 21.20 +0.95 +140
Stocks Down:
(VLCM) 19.81 -8.59 +2,261
(RACK) 21.38 -13.53 +1,948
(USPI) 24.62 -4.77 +1,478
(CSGP) 42.41 -6.34 +1,034
(NNI) 32.17 -4.92 +925
Tags: stocks midday
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