After a few days of the supply side dominating trading, traders appeared in a more jovial mood, with the market gaining about 40 basis points in value.Yesterday's results came from gains from nearly all sectors sans some of the more less-risky groups.
The overall supply/demand characteristics in the price/volume heat map were more robust than what was seen in previous trading sessions. However, one day does not make a trend and the overall daily market gains came only after traders sold into, on expanded volume, a more robust rally. The question remains, why did traders sell into strength? In one sense, it may be traders positioning themselves for lower prices or it could be the uncertainty surrounding a U.S. war with Syria (as Boehner came out in support for war). In any event, selling into a rally is always something to be mindful of.
The overall supply/demand characteristics in the price/volume heat map were more robust than what was seen in previous trading sessions. However, one day does not make a trend and the overall daily market gains came only after traders sold into, on expanded volume, a more robust rally. The question remains, why did traders sell into strength? In one sense, it may be traders positioning themselves for lower prices or it could be the uncertainty surrounding a U.S. war with Syria (as Boehner came out in support for war). In any event, selling into a rally is always something to be mindful of.
No comments:
Post a Comment