Thursday, July 8, 2010

DJIA
open  10,019.26
close 10,138.99 up 120.71
day high10,139.86
day low 10,032.73
today's volume 192,216,034
3mo avg. daily volume 238,692,577

DJTA
open 4,059.18
close 4,118.05 up 59.43
day high 4,122.96
day low 4,059.18
today's volume 19,527,185
3mo avg.daily volume 4,203,062

Today followed exactly as expected, pop in the morning and an afternoon sell-off.  Interesting late market trading up, and very low volume.  Yesterday saw similar movements but the rise late afternoon showed an impressive trading volume increase in the closing minutes... today did not.
Below, a 3 year Industrials chart, with my beautifully drawn green circles, noting transition periods when the 50 and 200 day averages cross.

The Unimportant Ramblings...
I suffered through some additional CNBC today.  Continued discussion about double bottoms.  Volume, price movements, primary trends, fundamental numbers... unimportant I suppose... I don't know why I watch TV.


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