Stock Market Commentary for Thursday, April 7, 2005

I hate to be repetitious, but Wednesday was yet another day of the market struggling to find its feet. There was some early strength, but that was probably simply day trading off of technical considerations. Nasdaq closed about as flat as you can get, down a mere 18 cents.

People are still chattering about the price of oil and inflation, but both topics are already heavily priced into the market.

The good news is that we're not seeing any heavy selling pressure.

Nasdaq trading volume was barely moderate (1.75 billion shares), and breadth was modestly positive, with 1.10 gainers for each loser. The market remains effectively in limbo.

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-- Jack Krupansky