Friday, September 24, 2010
Broad Based Advance. Where Is The Volume?
Today the major stock market indexes have all surged higher since the gap higher open. The rally is occurring on the back of the falling U.S. Dollar Index. Please take note that the U.S. Dollar Index has declined by more than 10.0 percent since early June. Everyone should know by now when the dollar falls the market will inflate and trade higher. The only negative for this move higher today is the poor volume behind the move. Normally, by late September the volume would pick up. However, that has not been the case throughout September. Therefore, when the major stock indexes do pullback or correct it could often be a fierce move lower. Stay tuned the next few weeks are going be very interesting.