Tuesday, May 24, 2005

Stock Market Commentary for Wednesday, May 25, 2005

The market continued its "sideways" march on Tuesday as people continue to struggle over the question of whether the run-up is finally over or simply taking a breather before resuming.  Nasdaq gained a modest 4.97 points.

Economic data continues to be mixed, but reasonably positive.

Nasdaq trading volume was not quite moderate (1.74 billion shares), and breadth was modestly negative, with 1.13 losers for each gainer.  A gain on negative breadth usually suggest that large-cap stocks did incrementally better than smaller-cap stocks.


Post a Comment

Subscribe to Post Comments [Atom]

<< Home