March 3, 2013:
The market today moved itself downward on higher volume this morning, but then ceased heavy trading for the rest of the day. Trading volume was overall lower than usual and early morning losses were shaved by the afternoon, but it is clear there is an air of Ukrainian conflict worry in the air.
$TSLA: A mirror image of the market today as it also trimmed early losses, but ended up higher on above average volume. While the volume isn’t as convincing as we’ve seen in recent examinations, it maintains some element of slight strength. While it holds near this high, I would not expect another move like the one we saw earlier in mid February.
$ARII: American Railcar continues it’s run! Mediocre volume and a tight close to it’s starting price today doesn’t reflect intense and rare stock share valuation, but a tight close with the overall market opinion today could reflect a sign of strength.
Hold the QQQ, the Uptrend continues!
– Wishing you “Many Happy Returns”
How much of an effect do you expect the Ukraine situation to have on the market as a whole in the short-term?
That is the ultimate question. Economic sanctions against Russian firms have been the only threat against Russian invasion. However, Ukraine’s economic footprint on our market isn’t very large, so I wouldn’t expect deep effects from a Russian invasion.
Thoughts???