TheStockTalk.net

Dow: 8-14-08

Things looked pretty good today as stocks advanced bouncing off support. Unfortunately, things aren’t all peachy. It is scary to me to see stocks finish under the 200 SMA after being above it for a while.

So, what we are looking for tomorrow is for stocks to continue the move higher on higher than average volume. If we fall any tomorrow, it can’t be much more than 50 points or we have to start worrying about the current trend being broken at which it would be a good idea to take profits and move into cash.

TradeKing doesn’t have the capabilities of putting volume on the charts before the next day so here is a nice tool where you can get volume data with averages and past day info. Check out Shark Investing’s Volume Charts for that data.