Unfortunately for the bulls it’s not the kind of volume you want to see. breadth is 5:1 in favor of the bears and down volume is 3.5 times higher than up volume. Overall volume is well over 1B shares – one of the highest readings we’ve seen in many weeks. 76% of all volume is selling:
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.
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