Wednesday, December 01, 2010

Today was NOT an IBD Follow-through Day Randomosity

  • Heads up for the IBD follow-through day junkies! 

But volume finished lower across the board. Trade tracked higher most of the day, until it came up against a tough comparison with Tuesday's end-of-month volume surge in the final minutes.

The drop in volume dashed what otherwise would have been a bullish follow-through.

  • President Obama bans offshore oil drilling in Atlantic waters.  Great news for those of you who want to pay more at the pump. And as the US economy improves, demand for fuel will increase. 
  • Verizon’s LTE pricing may trigger rate war.
  • Geithner and lawmakers seek deal on Bush-era tax cuts. "There are going to be ups and downs in this process but I'm confident that we're going to be able to get it done," he told reporters at the White House.

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