Friday, February 13, 2009

02.13.09 - Friday the 13th

Feels like slow action today after a morning pop back to the overnight highs and then subsequent trail back down to the five-day moving average. That has proven support so far, but note how negative the cumulative tick is as down volume continues to rise, widening its margin over advances. Even as I prepare to post this, we are seeing a bit of a low volume puke. However, from a news risk perspective another stimulus plan vote is on deck, and it seems anything could go in this light volume preholiday trade.

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