This Could Be The Lightest Volume Day Of The Year
Where is the trading volume today? Yes, Monday's are usually a lighter volume trading session, however, the volume today is simply ridiculous. Does anyone realize that there is a crisis in Japan, the Middle East , and in Europe. This market is being driven by computer algorithms today. The human hand has not been seen at all today. When the major stock indexes looked as if they had a chance of breaking down this afternoon the price of oil just dropped and helped the major stock indexes rebound a little. The trading volume on The SPDR Trust(NYSE:SPY) as of 2:55 pm EST is just 65 million shares. The three month average volume is 168 million shares a day. That means that today's volume is nearly 100 million shares below the three month average.