Stockbee: Volatile action continues

Volatile action continues

February 7, 2008

A classic volatile bear market action. In the morning market rallied till lunch hour, making those who shorted aggressively think twice and then it went downhill post lunch.
You can see the volatility in Market Monitor numbers.
In normal market circumstances the market will rarely have 300 plus day, while in past few months this is regular occurrence.
While the volatility continues cash is best option for long term traders.

2 comments :

gosuFeb 10, 2008, 2:01:00 PM
Better alternatives to Cash for long term trades:

GLD
SLV
DBA
DBC
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UnknownFeb 10, 2008, 2:23:00 PM
CHDX - PEAD candidate? Earnings surprise 42 cents vs. 26 cents. Gap up Friday off a high base on 3.6x normal volume. Has a good history of positive earnings surprises. Closed at $37.74. Target $45 in one to three months.
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