Dave’s Daily MARKET COMMENT
September 14, 2009
LIGHT VOLUME DIP BUYING CONTINUES
With volume this light bulls could easily send bears back to their caves. It’s easy for Da Boyz to pump things in these conditions. The overall news today was negative with a fresh Chinese trade dispute but again markets are, um, forward looking. The few folks trading must like whatever is forthcoming from earnings and economic data.
Volume on SPY was a measly 140 million shares or so while breadth was quite positive given the early selling.