Thursday, October 15, 2009

10.15.09 - Mild Recuperation Belies Weak Internals


Title says it all... We have largely recovered from the preopen gap lower, but internals are flat to weak at best.  News risk looks to continue to predominate trade, and, save the pattern of higher lows and highs on a falling VIX, which I don't wish to diminish, we otherwise look to be well within a range-day modality.

2 comments:

Trade Doctor said...

Jeff,

Who is trading this market? The volume seems pathetic.

Jeff Pietsch CFA said...

It's about as good as it has been during the last two weeks, which is to say, very thin! Europeans sure aren't... I don't think retail is... hmmm...