Increase in Volume

I just wanted to mention that it could be worth checking the volume. Maybe an increase in daily volume is not big in the Nasdaq 100, S&P 500, DJI and NYSE Composite sectors, however some indexes (like Russell 2000 and S&P 400) show quite strong daily volume. This is summer time and current volume increase could be considered worth attention at this period of time.

I do not want to say that this is is a signal to sell. As I mentioned before in the "Index Trading" post on July 10, 2010, an uptrend does not usually ends suddenly - as a rule there is couple of trading sessions in the sideway action at the resistance level. Yet, if we see further increase in daily volume it may halt the current advance.

At this moment the majority indicators continue to be bullish and, personally, I would expect to see positive and sideway trading during this week. Still, the market likes surprises and it is already sixth positive session in a row in the Nasdaq 100 index In addition it is options expiration week So, an advice from my side could be only one - monitor charts on the daily basis.