Both the NYSE and the Nasdaq saw the lightest volume of the year but we consolidated well without giving much back.  Breadth was poor, with oil and commodity-related plays dropping.  Intel and technology helped to pick up the slack. After a flash crash in May last year, I am thinking funds may be well prepared this year going into May.  While we consolidate recent gains, everyone is probably waiting for the Ben Bernanke news conference on Wednesday.

Related posts:

  1. The Waiting Game
  2. Waiting for Earnings
  3. NAAIM Uncommon Knowledge 2010 Conference
  4. Bernanke Put
  5. Waiting on Good News