I think we can call today the calm after the storm. There were a ton of NR7s made today and volume on the Nasdaq and S&P 500 was the lowest in 7 sessions. The bulls gave it a good try by pushing the indices into the green mid-day but a last hour selloff closed the [...]
Posted by 20 April 2006
April 20, 2006 Stock Market Recap
The music stopped, if only temporarily, in many of the commodity stocks today. Silver plays PAAS and SSRI were down more than 10%, Gold stocks HMY, MDG, and GLG were down more than 8%, Stillwater Mining (SWC) was down 8%, and on & on. Perhaps people were selling all those stocks to buy GM which [...]
