NEW YORK (TheStreet) -- In one of the lowest volume days in 2015, the stock indexes closed higher on Thursday ahead of the all-important jobs number that will be released on Friday before the markets open.
The DJIA closed higher on Thursday, up 38.82 points to finish at 18,135.72 while the S&P 500 was up 2.51 points to close at 2,101.04. The Nasdaq gained 15.66 to close at 4,982.80 while the Russell 2000 finished up 3.58 to close at 1,234.31.
The S&P 500 Trust Series ETF (SPY - Get Report) volume traded over 75 million shares. As has been the theme for months now, up days have a tendency to have lower volume versus the down days. Thursday was no different. It appears that buying conviction is just not there.
One sector that had a very strong performance on Thursday were the solar stocks.
Pick of the Day
It appears that there are currently a few stocks that are extremely oversold on a daily basis and should move higher over the next couple of trading days.
As a trader, both stocks can be added to on a down day if the timing is slightly off. There is minimal risk on the downside from their current price level and much higher upside. Selling is subjective, but I would look for gaining at least a 1% upside move or more before selling.