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After Market Thoughts February 13th, 2008

Posted by Blain Reinkensmeyer
February 13, 2008 at 8:51 pm

Though today’s market ended on a positive note, there are many questions that still need to be answered. The NASDAQ had the best run posting a 2.32% gain, but with such a strong showing the lack of volume across the board was concerning.

Here are the facts:

  • The NASDAQ pushed above 2370 and has now begun to fill its gap range. Volume today though was lack luster not even hitting the daily average.
  • The S&P 500s move was impressive but the lack of volume is not only lower than its average, but also lower then yesterday.

Here are the questions:

  • Is there enough steam to push the NASDAQ above 2420 to claim higher highs?
  • When the volume does come in for the major indices, will it support a bottoming market?

nasdaq-021308.png
sp500-021308.png

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