Remember, we're in unprecedented times now. How is the situation here in California going to affect bondholders? Supply continues to be an issue for the Treasury. Will foreigners continue to buy our bonds in earnest? Geopolitical issues are concerning, too. The market seems to be resisting pricing in these and many other unknowns, which for me is rather dangerous.
Volume Tracker
As a big volume follower, I've noticed the market rising on lower volume. This makes sense, as the volume usually comes from the big-elephant buyers (institutions), and why would they be buying now with the markets up 33% from the lows? When prices come down is when we'll see their participation. What's holding it up? Certainly a lack of sellers, along with "scared" shorts who are afraid of the the squeeze. (If you were short May 29, you felt the pain that day and the next few!) It doesn't take much get the market to rise when the sellers are not active. Getting back to volume, I am looking for some signs of life from sellers if the market starts to break. If so, there will be a market slide and good correction upcoming.TheStreet Premium Services
Jim Cramer's Action Alerts PLUS:
Trade right alongside a Wall Street pro — enjoy access to his Charitable Trust portfolio and be sent trade alerts BEFORE he makes a move. Learn More
OptionsProfits:
Get 50+ trade ideas a week from the industry's top options experts. Plus — exclusive commentary on market trends and essential trading tools. Learn More
Real Money:
Our team of professional Wall Street Pros — including Jim Cramer, Doug Kass, and Nicholas Vardy — delivers intelligent analysis, timely trade ideas, and colorful commentary. Learn More
Stocks Under $10:
Break into the market with small- and mid-cap stocks... all $10 or less! David Peltier tells you exactly which low-priced stocks he's buying and selling. Learn MoreTo begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
blog comments powered by Disqus
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
|
|---|---|---|---|---|
| 12,393.45 | 1,310.33 | 2,827.34 | 15.81 |
Oil *
101.78
|
|
DOWN
26.41 |
DOWN
2.99 |
DOWN
10.02 |
DOWN
0.44 |
10 Yr
1.58%
SPDR Gold
151.62
|
|
-0.21%
|
-0.23%
|
-0.35%
|
-2.71%
|
Data delayed 20 minutes |
Connect with TheStreet