Reflections on Volume

Big volume without further upside equals distribution
Big volume without further downside equals accumulation

Volume tends to peak at turning points
Volume often precedes price movement
Volume is a relative study

Wednesday, September 7, 2011

U.S. stocks drop in bleak September streak

NEW YORK (MarketWatch) — U.S. stocks tumbled for a third straight session Tuesday, marking the S&P 500’s worst September start in its five-decade history, on worries related to Europe’s debt crisis.

A rush to assets still perceived as safe sent the 10-year Treasury yield to a record low. The Swiss franc, recently a popular alternative to the euro and dollar, fell the most since the formation of the euro after the Swiss central bank capped the exchange rate.

The day’s action resulted in the roughest September start for U.S. stocks in years if not decades. Still, the close marked a recovery from session lows.

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