Tuesday, November 12, 2013

Cannot Catch a Bid- S&P 500 Price/Volume Heat Map Nov. 11

The market could not catch a bid yesterday, and it was the ultimate inside day. From about 11 o'clock on, price spread was nonexistent. The trading action seen could be due to a number of circumstance, one of which is indecision and uncertainty in the minds of traders as equity prices tag the highs. Another could be the lack of the trading across markets with the Veterans' Day holiday in the U.S. In any event, we are likely to see information released in today's trading.

For the most part, demand was nonexistent in yesterday's trading, but so was supply. Neutral price/volume actions essentially dominated trading.

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