Stocks were up across the board on Wednesday, with the SP 600 leading with a .5% gain. The action was pretty solemn all day, thanks to the Passover holiday and upcoming Easter weekend. It appears traders have taken an early leave of absence.
Volume was much lower today but that is normally the case on the start of Passover. That along with the upcoming weekend should keep volume low the next two days. Breadth was pretty much even to slightly positive.
This thin action is just the start of what should be happening the rest of the week. If you think the media or me can really tell you why the market did this or why it did that, you are wrong. There is simply no way to make any meaningful analysis out of the market action today or any market action the next two days.
I would take some time with the family and enjoy the upcoming holiday weekend. If anything crazy happens you can bet I will write about it. But if the market acts like this the next two days, you can guarantee I will not have anything to say.
Great luck out there!
New Swing Longs: AVNC -- more info on longs at Investors Paradise. Scroll down to Josh Hayes and click on 'longs.'
New Swing Shorts: NONE
Longs Outperforming Market(number is % gain since purchase): BTUI-149 SLW-130 NVDA-103 ATHR-120 VIMC-103 PETS-131 BOOM-430 WIRE-136 ASF-206 RATE-149 MFLX-192 CBG-119 NXG-106 NDAQ-297 IVAC-27 COGO-29 CLZR-61 XRTX-57 GEMS-25 LPSN RMBS-25 STRL-34 NNDS-36 CIB-43 STMP-49 LTM CYBS EAGL-63 ASVI SCHK-40 NTES SBAC-40 FFIV CVO-86 STX-26 PKE CTXS-44 BAM-27 KDN SEAB UIC-52 HEIA-33 FRGB NGPS ROK RUTH GCA ANO TXCC TFSM-42 DCEL PWR PLXT SWIR IMMR RNWK THQI ILA CPST ILSE SVNT LIOX CCI-70
Shorts Outperforming Market: NONE
Stocks On Radar Screen: HAQ HRZ TWW GIII
Take Some More Profits: LCRD
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