Today was yet another day where the market did not do much but our longs crushed it. This time it was our recent solar stock purchases. This continues a very bullish pattern of where everything I buy continues to move higher. Once again, tonight there are four new longs and zero full sells. This has been a recurring theme and is a theme of any bullish market. Higher volume or not.

I don’t know what I can say about this market that has not already been said. I find it very difficult to BS about the market when there is nothing to BS about. But I will give it a shot.

It was another overall lower volume session as the NYSE, for the 32nd day in-a-row, came in with volume below the 50 day volume average once again. However, underneath the bullish mini-reversal that sent the Nasdaq from a .8% loss to a .8% gain, there was a TON of bullish action in stocks in a wide range of industries.

It was yet another very low volume market session that really proved nothing today that we did not already know about this market. The one bright spot that occurred today that was noticeable to me by the action in the stocks that were showing up on my price/volume scans. The IBD 100 gained a very impressive 1.5% compared to the overall market which was slightly lower across the board.

I see nice round bases everywhere in EVERY long scan and CANSLIM scan that I run. Stocks like our HA long from 3/27/08 is already up 60% and MA from 8/2/06 is up almost 500% since then and now we have a lot of pretty green BOP filled charts starting to round out and complete bases.

The market did not do much of anything today as we all bide time ahead of the release of Q1 GDP and the FOMC interest rate decision. About the only market moving news today was the talk of V and MA earnings. Both of those stocks produced excellent action today in their respective security, with MA now giving me a 450% return in a little under two years.

The IBD 100 is up 228.5% compared to SP 500’s 49.5% since 4/18/08

-IBD 85-85 and IBD 100 were down for the week (-.9% compared to Nassy .8%) but they were up over 2.5% on Friday compared to Nassy down .2%.

-This appears to be rotation of some sorts out of commodities into some new sectors

-Internet-Network Solutions up 9% this week

-Computer Software-Design up 5% this week

It was another typical day that we have seen recently where not a lot gets accomplished and we pretty much just give back whatever happened the day before in the opposite direction. Still, I do believe, that today’s gains coming with higher volume is a positive overall.

Today was not that bad, overall, minus a few stocks that were completely earnings related. However, the fact that volume did in fact pick up is still none-the-less technically a distribution day. Still with volume well below the 50 day volume average, it sure is hard to get too bearish over a day like this.

It was another great day overall for those that are long the stocks we are long (well at least until AH when one got a gnarly ride) as the market took its time drifting around today before a strong close that saw the market basically end where it started.

This means that if these bases all complete their right side, we are going to have a powerful market rally with or without volume. I am stunned by how many nice charts there are now AFTER JUST ONE bullish week where leading stocks outperformed the rest.

A commentary on the excellent action in todays market.I ask the question if we are overbought and my trades for the day

It was another wild day on Maui as more drama occurred in my personal life today. However, it is minor and it has been taken care of so hopefully I can get back to doing what I am supposed to be doing instead of wasting my time on other things.

Well, in all honesty trying to draw conclusions from a day like today is quite useless. In fact, anyone that spent any amount of time today trying to delve into the data to find something useful just spent a whole day wasting time. Today was simply a low volume pullback and nothing-more and nothing-less. I believe, without even looking, that this was the dullest day of trading for 2008.

There is an old adage that goes “never short a dull market.” I couldn’t agree with that more and want to stress that it does not say “go all-in and long a dull market.” No, it says, “never short a dull market.” If we have to get down to the core of what that statement says it is clearly telling us that when volume is no where to be found the LAST thing you want to do is go short stoc