Thursday, August 12, 2010

DJIA
open 10,361.58
close 10,319.95 down 58.88
day high 10,361.65
day low 10,268.71
today's volume 220,831,964
3mo avg. daily volume 220,227,895
DJTA
open 4,254.65
close 4,236.96 down 25.28
day high 4,256.27
day low 4,176.03
today's volume 14,916,421
3mo avg. daily volume 21,291,658

Increasing volume of trades in a decreasing market is of interest to me.  Another up day for volume on the Industrials, although the transports seem bored.  Until the numbers confirm each other, perhaps it's just wishful thinking on my part.  Random note, Jim Cramer on Mad Money today came out and said he doesn't see an extension to the recover we've been in into the future due to unemployment and few other factors and even went so far as to make a hint towards at the end of his show.  He finished the thought by saying he prefers CD's, but it's gutsy for him to even mention the "evil" yellow metal that has so much power and authority to wreak havoc on an unsuspecting and improperly valued market.  Kudos to you Cramer, now when it does spike you can go back and talk about how you heavily encouraged your viewers to consider the metal.  

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