Today was a good day for the markets. Light volume is coming into play and we should be cautious in terms of the light volume, this is in front of the Memorial Day holiday. If we see any pullback they should be minor or intra-day ones (except Big Bad News). Light volume means that the markets tend to push rather than pull. This is only an observation of some prior market information.
Lowes and Home Depot helped the markets, also the Banks were upgrading each other before the secondary offers come up. Lowes earnings has given the Homebuilder and Home Improvement sector a boost . . .
Markets will be closed on Monday, May 25th 2009, followed by a shorten trading week.
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Monday, May 18, 2009
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