I would not say there are any definitive shorts or sale candidates (or buy candidates for that matter) coming from yesterday's declining volume movers. To note though, the YINN ETF came off the highs as other China-related funds sold off ahead of the decline of equity prices in the US. I am unsure if the heavy volume is more related the general decline in Chinese stock or influenced by the index change occurring today (Dec. 12), but I would air on the side of caution with this and assume the volume was more due to the index change.
However, RMT, a micro-cap ETF, declined hard along with other small-cap and risk-weighted names. Does this all mean we are seeing a shift in risk? More later.
However, RMT, a micro-cap ETF, declined hard along with other small-cap and risk-weighted names. Does this all mean we are seeing a shift in risk? More later.
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