Thursday 26 November 2009

11/26 Online Stock Trading Guide Updates

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S&P 500 Update 11-25-2009
November 25, 2009 at 1:14 pm

Not much new with the stock market lately. With this week being a holiday week, the volume is lower as to be expected.

Over the last two weeks the S&P 500 has been moving in a sideways channel, showing a lack of real direction and lack of conviction in either direction.

So far this week, the upper area of resistance just above 1110 has held but as I mentioned above, the lack of volume makes it hard to determine whether another leg higher is in store or not.
S&P 500 Update 11-25-2009
The other possibility of course is that the lack of volume this week is also contributing to a lack of sellers which would push the market lower. We’ll have to wait until next week to get a better idea of the next move.

Until then, have a Happy Thanksgiving.

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