Stock Market Summary 12.05.12
Yesterday’s market action was neutral.
The Nasdaq finished flat for the day and volume was average. Since Monday’s heavy fall, the Nasdaq has not managed to claw those losses back however…
Stock Market Summary 11.05.12
Yesterday’s market action was neutral.
Once again the Nasdaq pulled back intraday but after reversing course managed to end the day almost flat.
Stock Market Summary 10.05.12
Yesterday’s market action was neutral.
For a second day in a row, the Nasdaq found support at 2900. Once again the tech heavy index bullishly reversed its downtrend during the session but still managed to end the day with a small loss.
Stock Market Summary 09.05.12
Yesterday’s market action was neutral.
Yesterday I said: ’‘The support (for the Nasdaq Composite) starts at around 2880 and continues up to 2940. That means if the market does continue to fall, we should see institutional investors stepping in to buy stocks.’‘
Stock Market Summary 08.05.12
Yesterday’s market action was neutral.
After two days of institutional selling, the Nasdaq Composite managed to find some support at 2940, unfortunately the rebound wasn’t that impressive.
