A lot of churning is yesterday's trading day, with the S&P trading to the positive and negative side throughout the day but closing ultimately closing lower on yet another day of accelerated volume. Although the accelerated volume could indicate some institutions getting out of equities, the absolute levels remain within the range of average trading volume levels. Additionally, with the market ending essentially flat on the day probably indicates that the established trend remains in place.
The price/volume heat map also suggests general churning in the market with demand largely matched with supply. That said, healthcare names looked to be under some distribution.
The price/volume heat map also suggests general churning in the market with demand largely matched with supply. That said, healthcare names looked to be under some distribution.
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