A strong advance
on heavy trading volume is a measure of determined sponsorship in the face of disagreement.
At the time of writing, Facebook's shares were up by around 2 % for the day,
on heavy trading volumes.
Not exact matches
In this February 22 post
on our
trading blog, which was published immediately following two days of
heavy selling
on February 20 and 21, we said, «If and when the S&P attempts to bounce from its current level, the subsequent price and
volume action that immediately follows any recovery attempt will be extremely important at -LSB-...]
Among widely followed indicators, we can see some of this in the declining number of individual stocks achieving new 52 - week highs when the major market indices push higher, by the tendency for
trading volume to become dull
on advances and expand
on declines (or what is a similar observation, the tendency for the market to make little progress
on heavy up -
volume and substantial downside progress
on light down -
volume), and in the recent explosion of insider selling.
In our last blog post, Benefits of a rules - based
trading system, we said the following: «
On May 1 (Tuesday), the combination of
heavy volume selling in the Nasdaq, bearish «stalling action» in the S&P 500, and a «distribution day» (higher
volume selling) the prior day forced us to cut long exposure in our model swing
trading portfolio from approximately 38 % down to 17 % by the following day's open (May 2).
Shares of Netflix, Inc. (NASDAQ: NFLX) were
trading in negative territory Tuesday, but surged higher
on heavy volume late morning.
MBIA, one of the largest municipal bond issuers, saw its stock plummet about 20 percent
on heavy volume in Monday
trading.
Specifically, bear markets don't typically end in a crescendo of fear and panic, but more often
on a feeling of «despair and disillusionment,» while strong bull markets tend to feature
heavy trading volume.
On the closing of the first day of
trading, in spite of website congestion due to
heavy traffic, CBOE posted a
volume of over 4,000 contracts.