The market is trading mixed today. It started down in the morning, it then went from its lowest back to the flat line and up for some indexes. Volume is a bit slow for the 1st day of September. September and October tend to be the worse months in the recent years. With the housing market slowing down, would the history repeats itself for going down this month?
Today's big news was oil is sinking again, it could be good news for the market. But for how long? The Iranian play is still on the back of many traders' minds. Hopefully Nasdaq can stay above 2200 and S&P can stay above the former 1308 resistence level and becomes the support level.
Today's Stock Movers at 1:30 pm EST
Volume Momemtum Compared to normal days:
(Stock), (price), (+/-), (volume compared to normal)
Stocks Up:
(IAAC) 28.10 +1.70 +639
(GROW) 28.08 +1.53 +358
(VIP) 59.30 +1.71 +254
(CHAP) 38.27 +1.77 +227
(NVEC) 30.64 +2.03 +170
Stocks Down:
(VIA) 35.49 -1.47 +890
(VIAB) 35.51 -1.46 +573
(CITP) 17.96 -0.96 +483
(SIE) 40.27 -3.42 +417
(RBAK) 16.00 -2.69 +363
Tags: stocks midday
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