Tuesday, May 20, 2014

Declining Volume

You got me running, going out of my mind
You got me thinking that I'm wasting time
--ELO

One strange characteristic in the market advance since 2009 is steadily declining volume. Unlike the previous advances from 2003-2007, volume has been dropping.


Yes, it has been dropping from a spike in volume the credit market meltdown, but bull markets usually invite gradual increases in volume.

Not so this time--at least so far.

position in SPX

1 comment:

dgeorge12358 said...

...central banks have become highly interventionist in their efforts to manipulate asset prices and financial markets in general as they attempt to fine-tune economic outcomes.
~Charles Plosser