When looking looking at either new high volume highs or high volume lows, I like to look for any themes that could provide insight into major trend changes or emerging investment opportunities. Previous trends include the sell off in various closed-end fund and the mortgage REITs. Another trend may be developing in the emerging markets. A good number of emerging market funds sold off on relatively heavy volume in yesterday's trading. In addition, the sell off seems rather broad based. I am going to have to do more work here, but this is an interesting development.
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