March 21st 2012 Market Recap

A very dull day for the market as the major indices creeped up through the afternoon just to give everything back in the last 30 minutes of trade and close flat. Volume was well below average once again.

Thankfully, the blogosphere and web was full of great reads today:

  • A Few Quick Reminders Why NOTHING Has Been Fixed In Europe (And Why LTRO 3 Is Not Coming) (ZeroHedge)
  • Hunger Games Giving Lions Gate (LGF) a Major Lift (Market Montage)
  • Why Using P/E Ratios Can Be Misleading (TBP)
  • Done Deal: Zynga Gets “Draw Something” Phenom By Acquiring OMGPOP for $210 Million (TechCrunch)
  • NFL Hammers Saints for Bounty Scandal (WSJ)
  • IBD 50′s Top 5 Hidden Gems In Lowly Industry Groups (IBD)

Also a heads up, FOX Business Network has an interesting special airing tomorrow at 8 PM EST, The Willis Report: Gas Price Shock which will “explore the rising cost of gas and oil in the United States. Willis will examine the key influences causing the spike in gas prices and enlist a panel of experts to offer solutions.” I have set my DVR to record and am interested to see what viewpoint ultimately comes out favored. High gas prices have fueled the demand for green technologies over the last few years, and considering that we are coming off our warmest year on record, I am an advocate for thinking GREEN with our future.

Stay frosty out there.

Join 17,000 Investors

Receive Daily Market Recaps directly in your email inbox!

Log, Store, and Analyze Your Trades

Whether you're a new or seasoned investor, StockTradingToGo Investor Tools help you trade better.
  • Import your trade history into the cloud
  • Run a full performance analysis on all your trades
  • Keep a private trade journal to record your observations
  • Improve your success rate and ultimately make more money!
Get Started Now

Comments

  1. says

    Here is the post in case readers want to read this content for themselves,

    http://www.bespokeinvest.com/thinkbig/2012/3/13/avoid-low-volume-rally-at-your-own-risk.html

    So Bespoke noted that in a nutshell that gains are gains regardless of volume. I agree. The point that CANSLIM investors, ZH, etc make is that for identifying momentum changes or overall weakness (or strength), historically volume is very useful. A breakout to new highs on heavy volume is much more reputable than one on low volume.