Sitting Tight for Respectable Volume
It was another day of nice gains for the market Friday, but also another day of light volume on the NYSE and the Nasdaq. So it goes as the market enters the summer doldrums.
Is it really realistic to believe the market can continue to rally here, even though institutional investors still seem hesitant to buy? The short answer is that anything is possible. Few people trusted Wednesday's strong gains, and even fewer people had any faith in Friday's nice gains, when Nasdaq volume totaled a measly 1.4 million shares. Volume on the NYSE was equally unimpressive at 625 million shares. With so many seemingly expecting this rally to fail, it very well could continue for a while....530 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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