Stock Market Rallies and Stock Market Declines
Volume is a very important aspect that needs inspection during stock market rallies and stock market declines. If we just look at the recent stock market activity, we have stock market declines on large volume and stock market rallies on low volume. Just using common sense which is not so common, there is more conviction on the selling side than the buying side.
Take this as just one piece of the puzzle. Currently the stock market is above most key moving averages. However stock market declines on heavy volume needs to be noted. More so we have 5 distribution days on the SP and the Nasdaq.
Many stock market tops are characterized by groupings of these distribution days.
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