Stocks Move Modestly Higher on Light Trading Volume

October 28, 2014

U.S. stocks moved modestly higher on Tuesday, but on light trading volume, while the major U.S. stock market indices approached overbought levels. That type of trading action suggests that U.S. stocks are due for a pullback within the next few days.

 

In regard to recent economic developments, the U.S. Department of Commerce announced on October 28 that orders for durable goods (i.e. household furniture, automobiles, and office equipment), as well as business investments in manufacturing equipment – in capital goods –  declined during September ... read more. (More News Below).

 

10/28/14: Our research indicates that stocks will turn lower by the end of this week.

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Stocks Move Modestly Higher on Light Trading Volume

10/28/14: U.S. stocks moved modestly higher on Tuesday, but on light trading volume, while the major U.S. stock market indices approached overbought levels. That type of trading action suggests that U.S. stocks are due for a pullback within the next few days.

Read more...

Stocks Rally from Oversold Levels After Falling to Oversold Levels

10/25/14: U.S. stocks rallied sharply last week after falling to substantial oversold levels during the previous two weeks. However, the volume of trading on both the New York Stock Exchange and the NASDAQ was light, indicating that most financial market participants are concerned about the direction of stocks during the weeks ahead.

Read more...