Most blue chips moved higher today as the market continue it's streak from yesterday. The Top 30 Volume seldom reflects on blue chips as it's well known to investors which are the blue chips but today something peculiar happened, the Top 6 stocks were mostly ultra penny stocks dominating the scene. Most of them had a huge % gain and currently in play with many punters and short term scalpers. From the volume you can see that it's mostly punters trying to make some quick scalp for some quick profits. It's risky to trade those stocks if you don't know what you are doing and it's even more risky to buy and hold long term if you don't know the value of these counters. I will avoid these stocks for now and focus back on the blue chips instead. Of course, there are some trading opportunities on these penny stocks if you can spot those signals.
Ronald K - Market Psychologist - A Stock Market Opportunist
