The Dow Jones blue chip index used as a proxy for U.S. economic health on Tuesday crossed the critical threshold of its 2007 highs to set a new record, trading past 14,200 to break both its record close of 14,164.53, on Oct. 9, 2007, and its intraday high of 14,198.10, which happened two days later. With investor sentiment and consumer confidence being at all-time highs we could see the markets push higher as people look to invest who were previously on the sidelines.
Shares in Nokia Corporation (NOKBF) were experiencing heavy trading in early trading on Wall Street Tuesday as the stock moved past the $3.50 level once more looking to trade past $4.00 as it did recently. Nokia shares have more than doubled over the last year as the company has reinvented itself with its new windows phone going after more market share in similar fashion to Research In Motion (RIMM).
Green Innovations (GNIN) was one of the most heavily traded stock on the OTC markets today with shares trading over $2 million well before midday on the street. Green Innovations was also trading to the upside by 6% after shares climbed back above $1.00 in trading to close last week.
Swingplane Ventures (SWVI) traded to the upside this morning in continued recovery in the price of its shares. The stock has dropped from around $1.00 to the current price of 0.30 cents over the last week. The stock is higher the morning by 5% on $5 million traded.
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AMR Corp (AAMRQ) was another name trading in a tight range today but shares higher for the second day running by 4%. AMR corp continues to trade heavy volume ahead of the merger with US Airways but certainly has pulled back since trading over $100 million per day. In mid-morning action this morning the company had traded $10 million which is a significantly higher level of trading than in Monday’s session.
Fuse Science (DROP) was a name we have not seen at the top of the volume focus list for a couple of months but was back trading $2 million before the halfway point in Tuesday’s trading session on the OTCQB market. Shares in Fuse Science were lower by 25% after being higher in Monday’s markets.
Regardless of what’s going on in the mainstream we will always keep you updated and look to be value added. We hope you have enjoyed our coverage; we will be back to you tomorrow with our daily look at the OTC markets.
We track the volume and keep in touch with any increasing trends to the upside or downside. We also cover the top stocks on the OTCQB, OTCQX, and the Pink Sheet markets.
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