Monday, October 18, 2010

Volume Down

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Going back to the 15- and 30-minutes charts. I would expect to see decrease in volume today.

As a response to the Thursday-Friday strong bearish trading on the S&P 500 financial and strong bullish trading on the Nasdaq 100 we have today Nasdaq 100 attempts to push lower while Financial sector pushes stock market up. Possibly, we may see such sentiment for a whole day.

It looks like US Dollar Index is going up since Friday. I would keep my eye on it as well. If the dollar will continue to go up, it could be one of the reasons for investors to pull money out of the stock market into currency market.

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