Trader Talk

Hard to Keep Stocks Down


Hard to keep stocks down. 5-1 advancing to declining stocks, with 85 percent of the volume to the upside.

After closing not far from the lows on Friday, the S&P 500 closed at its high yesterday and is sitting just off the highs for the day as of this writing. Volume is again trending toward the heavy side.


JC Penney moving down midday, 2.5 percent. Analyst day today. They annnounced a 5 year plan that includes 5pct annual same store sales growth. Possiblely that is just too aggressive for a mall based retailer with significant competition from Target, Macy's and Kohls, traders tell me.

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