S&P500 – market update

DownTrend on SP500 broke today.  So far so good.  But we need volume to confirm this up move.   What's troubling prior trends have continued with meager volume.   This has always been a concern that markets are rallying on weak volume.  Here we are again, starting a new uptrend with anemic volume.  Will have to see how this markets sorts itself out.

 

I only focus on the SPX in this port, but looking at the Dow industrials, transports and QQQQs.  They all show the same pattern.

This entry was posted on Wednesday, March 30th, 2011 at 12:31 am and is filed under Financial Markets/History, Original Articles, Trading, market commentary. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

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