Thursday, October 3, 2013

Volume Off the High- 10/2 Trading Day Edition

The trend continues. A limited number of names coming off the highs versus new high volume highs in a weak overall market. My opinion is that this suggests that market sentiment remains towards the upside but other events (gov't shutdown and the looming debt ceiling talks) are pushing the market down overall. This is despite continuing to believe that the economy remains weak and growth is decelerating.





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