Lack of Volume Has Many Questioning This Rally

May 13, 2008

Once again volume came in lower than its 50dma across the board. Even as oil receded the Institutional Buyers stayed away. They were not quick to jump on the stock bandwagon just yet. Big Institutional Buyers have simply stayed on the sidelines as ever Tom, Dick, and Harry try to play this market. Until we see any type of action from this players its tough to pin down market direction. However, at this point we do have volume on up days higher than on down days. Regardless of how much … [visit site to read more]

Lack of Volume Has Many Questioning This Rally

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