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, May 8, 2013

Dow ends above 15,000 for first time, S&P closes at record

NEW YORK (Reuters) - The Dow closed above 15,000 for the first time on Tuesday and the S&P 500 ended at another record high, extending the market's rally as more investors rushed to join the party and German industrial data beat expectations.
It was the fourth straight record close for the S&P 500. Both the Dow and the S&P 500 hit intraday record highs as well.
"People are concerned they're missing the boat if they're not fully invested in the stock market right now," said Eric Kuby, chief investment officer of North Star Investment Management Corp., in Chicago.

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