Wednesday, May 21, 2008

Wednesday Morning Activity - 05/21/08




The market started out looking like a positive day, but there was one fly in the ointment - an up trending $TRIN. Down volume brought the market down to test yesterday's low. After the test, it looks like up volume is starting to overtake down volume. However, I suspect most traders will wait for the FOMC meeting minutes to be released. Increasing oil prices is not helping either.

Charles

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