In the current light volume holiday action, the market continues to find it hard to establish an identity. It wouldn't be surprising to see the market languish once again on Friday.
The stock market indices had an excellent day today, even though they started out somewhat mixed. The S&P 500 and the Nasdaq 100 bounced at the opening.
In the absence of serious volume, Deron Wagner doesn't expect much follow-through in the market in either direction. Under current market conditions, he is inclined to cut losses and take profits quickly.
The stock market indices had a nasty day today. The day started out with a sharp move lower early on, followed by a snapback that failed at resistance, and then a move to the morning lows around noon.
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