Friday Was Another Low Volume Rally

The market rallied nicely on Friday but volume came in quite a bit below the previous few days. Strong up days on low volume have been creamed lately. A few recent examples would include 9/30, 10/13, 10/20, and 11/4. The table below shows results following all one-day gains of 2.5% or more that were accompanied by volume under the 10-day average.

Much more on this study was published in last night’s Subscriber Letter. If you haven’t yet trialed it then simply email with your name and email address an I’ll send you last night’s Letter along with 3 upcoming ones.