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IBDvalueinvestin (99.68)

Major Upside reversal possible today, selling has been on extremely low volume.

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January 12, 2012 – Comments (0) | RELATED TICKERS: SPY , SPXL , TNA

Volume is the tell tale of what is going on, and that is not many investors want to sell any shares today.

So don't be surprised if you see a major reversal to the upside later today.

 

I have scanning volumes on stocks this morning that are down, and I notice one thing in common. Majority are down by less than -1/shr on very thin volume. So if you just got brave and took a gamble today on shorting some shares? Just a warning that anything that goes down on thin volume can go up just as fast on same type of volume.

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