There was a reversal of sorts in the count of both new high volume highs
and volume coming off the highs. Not only did the initial count of high
volume highs fall off a cliff in the latest run, but so did the final
tally (shown below). This is in contrast to the number of stocks and
funds selling off from highs, as the number in the initial run and final tally expand. Does this portend a reversal in the
market? We shall see. As a side note, the standardized VIX data showed a
significant jump towards the negative end of the risk spectrum (i.e.
towards more positive measures) in today's trading.Another theme of sorts seen in today's run is that a number of New York Municipal Bond Funds saw high selling volume at or near recent highs.
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