Monday, June 29, 2009

NYSE "Volume" - Lowest Since January 5

Today is EOQ, yet the NYSE traded with the lowest volume since January 5. The correlation continues: low volume - market up; high volume - market plunge. Rinse. Repeat.

Also, in a complete failure for VWAP reversions, the early am shakeout on moderate volume was followed by a laughable lack of action at the day's highs untli the end of the the day, when, surprise, all the trading picked up in earnest in the last 10 seconds. What do you get when you cross Atlantic City with E-Bay? That's right - U.S. equity capital markets.

h/t Johnny "Knock Out Puts" Bravo Sphere: Related Content
Print this post
blog comments powered by Disqus