Friday, June 12, 2009

Equity Market Volume Is Pathetic - The Air Is Getting Mighty Thin Up There

Volume for this rally has been declining for some time. In fact, pretty rapidly over the last month. Below is an average of NYSE Volume over the last handful of months. It now appears we have day traders and a handful of Wall Street banks batting stocks back and forth.

Looking at the Market Profile and Volume at Price, decision support tools we discussed quite a few years ago, we see the first level of significantly strong support is around 800 on the S&P.

posted by TimingLogic at 7:17 AM