This chart (click on chart to enlarge) of SH (short the S&P 500) shows an interesting volume pattern. In October, November, and March SH peaked as trading volume was soaring well above average.
The pattern has changed lately. SH has declined from $93 to $66 with below average volume. Recently, however, volume has soared and SH stopped declining, showing a small advance. SH may be moving higher if trading volume remains high. Time will tell.
To find out more about my in depth view of the markets and my strategy just visit our website https://www.peterdag.com/ where you can review The Peter Dag Portfolio. You can also call me at 1-800-833-2782 to discuss your specific money management needs. I will be happy to speak to your investment group on how the business cycle impacts investment strategies and the choice of asset classes. George Dagnino, PhD
Editor, since 1977
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