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Stock Markets Flounder on Low Volume

Discussion in 'Forex Daily News & Outlook' started by futuretrends24, Mar 31, 2010.

  1. futuretrends24

    futuretrends24 New Member

    Apr 30, 2009
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    Today’s sample of Futures Analysis from FuturesHound.com

    U.S. stock markets struggled most of the day to stay positive in another round of low volatility, light volume trading. Early in the session, the markets rallied following the release of a better than expected consumer confidence report but sellers took the opportunity to sell the move.

    The prospect of higher interest rates seems to be weighing on equities at this time. In addition, investors seem reluctant to buy equities ahead of Friday’s U.S. Jobs data. The E-mini S&P 500 is still in an uptrend, but threatening to break further as buyer seem to be searching for value.

    June Treasury Bonds and June Treasury Notes traded in a tight range on light volume. Last week yields in both of these instruments rose substantially as demand was less than stellar at the bond and note auctions. This week traders have been standing aside because of Friday’s U.S. Jobs Report. Traders seem to be reluctant to take a sizeable position ahead of this important report. Oversold conditions could trigger a short-covering rally as traders may lighten up positions ahead of the report.

    Read full article at FuturesHound.com as well as Futures Analysis, Futures Education and exclusive timely market Gann Analysis

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