trade stock, stock market today

[Weekend Summary] Dear Member: The market fizzled a bit today after a four day movement up. There is still some positive for the bulls in that today's volume was relatively light. Frequently light volume on a down move is a down day is bullish since the direction of the move is not strongly supported by the volume. The NASDAQ did stop at a little resistance and the Dow Industrials couldn't hold above a new all time high. I suspect the bulls are still in control, but they certainly aren't raging. I did close my latest Finisar (FNSR) trade for a healthy gain of 17.9% before commission in just two weeks. I am still watching that stock since it looks like it might signal a reentry. Commontouch Software (CTCH) had a big percentage move up yesterday on great volume but lost most of it today on light volume. That still looks bullish. Mindspeed (MSPD) continues its consolidation and that's fine as long as I am patient. Emcore (EMKR) and Denny's (DENN) are both back to support levels and encourage the patience theme. I don't see a reason to bail just yet. I hope you enjoy your weekend. Bill
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