Thursday, July 29, 2010

Numbers for 7.28.2010

DJIA
open 10,537.01
close 10,497.88 down 39.81
day high 10,548.52
day low 10,463.22
today's volume 162,068,915
3mo avg. daily volume 234,691,415
DJTA
open4,438.18
close 4,420.32 down 3.18
day high 4,448.50
day low 4,392.03
today's volume 17,066,102
3mo avg. daily volume 23,299.333

Hello, my name is market... and I'm bored.  No one wants to play with me, my volume is almost half what the average has been...

Let's be honest here, uncertainty is never good for anything, and volume over the past month truly shows how uncertain the public is with our markets, our governments leadership, our whole system.  Have we reached the point where people are going to do something about it?  I don't know, but it is elections coming up so we will see.

Predictions for market activity on Thursday and Friday... If I were a betting man I'd put us down about 200 points going into the weekend.  Of course, whenever I'm betting, I'd be betting on the general sentiment of the public, what the traders choose to do with these numbers is beyond me.  Perhaps since we've had such good up movement this week, they'll try to juice it a little bit to entice a little more money out of the system.  

till tonight,

slim

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