The market put in a solid day overall. It was reassuring to see the broker group (XBD) up +2.6% for the day. Retailers were also very strong, +2.1%. Semis and biotechs lagged, and were down slightly for the day.The one thing that has been missing from the strong price action this week has been volume. Ideally, you want to see rallies come on strong volume and selloffs see lighter volume. Over the last week, we have basically seen the opposite. The rallies have been on light volume, while the pullbacks have seen rising volume. This amounts to distr[...]
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[Source: The Money Blogs]
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