Stocks Soar on Light Trade
Posted on March 25, 2008
Filed Under Market Speculator |
CNBC and other news outlets crediting the JPM increased bid for BSC as the catalyst to push stocks higher throughout the day. Volume eased across the board, ran lighter than Thursday and Wednesday’s levels. Not a great sign for the Market Bottom crowd. Ideally, coming off the lows you want to see price gains along with volume. Low volume rallies tend to be the m.o. of Bear Market rallies. Cash continues to be king, but the end does seem to appear near. How close are we? Its a too tough to call right now, but it does seem like we are inching ever so closely.
It is time to build a watch list full of stocks who have tremendous growth #s in sales and EPS. These stocks are your real winners when fresh new bull markets emerge.
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