Here’s a quick blurb from my weekly piece over at TraderPlanet:
Most recently we’ve seen a fairly large divergence in buying volume, lasting almost the entire rally since July. Buying pressure has nearly fallen off a cliff during this recent bout of weakness in the S&P 500, a sign that equity bulls either had weak hands to begin with as they pull the trigger to exit their longs or there just hasn’t been very many bulls coming to the party the last few months, which if true, will create more heartache for those still holding long and strong.
Go read the rest here: Forget Elvis, Buyers Have Left the Building (TraderPlanet)
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