Tuesday, April 05, 2005

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.

Click here to read the entire column.

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