[Sent to premium subscribers on Sunday night…]
Spotlight Chart: Declining Volume
Each week, I’ll select one chart that’s very timely to the current market to spotlight in the Sunday post. This week, that chart is the ratio of declining volume. This shows what percentage of volume is traded on declining stocks. When it becomes extremely low, it tells us that buying and selling pressure may have become unbalanced in the short-term. This has marked the prior three minor pullbacks ranging from -5.5% in April, -8.5% in the summer, and -4% in September.
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