Stock Market Commentary for Wednesday, April 6, 2005

The market is still struggling to find its feet.  Nasdaq's moderate 8.25-point gain was certainly not very exciting, but the recent resistance to further declines is rather heartening.  As of now, there is no clear short-term trend for the market, but there are hints of a very modest up-drift emerging.

Fed Chairman Greenspan did a half-way decent job of sprinkling a little cold water on the over-heated oil speculation "bubble".

Nasdaq trading volume was light (1.71 billion shares), and breadth was modestly positive, with 1.11 gainers for each loser.  The market is effectively in limbo.

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-- Jack Krupansky