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Lowest SPY Volume Day For 2009

Tyler Durden's picture





 

The SPY just hit a 2009 low in volume, and markedly below the comparable period last year.

NYSE volume also dropped below a 100 and 200 DMA, and declined materially from the prior week's volume increase.

hat tip McBlondy

 


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Mon, 08/10/2009 - 16:48 | Link to Comment Joanito
Joanito's picture

Green shoot

Mon, 08/10/2009 - 16:51 | Link to Comment deadhead
deadhead's picture

Turn those machines back on, damnit.

Mon, 08/10/2009 - 16:52 | Link to Comment Nolsgrad
Mon, 08/10/2009 - 16:53 | Link to Comment Comrade de Chaos
Comrade de Chaos's picture

hi, i am your new friend, low volume - profit generator robot "awsomo." I will handle all of your portfolio re-balancing and trading needs. At the same time, I'll lower your overall transaction costs. And don't you worry, your secrets and strategies are safe with me...

Mon, 08/10/2009 - 16:59 | Link to Comment RatherBFlying
RatherBFlying's picture

Gee, Awsomo... you're my best friend.

Mon, 08/10/2009 - 16:59 | Link to Comment IE
IE's picture

Low volume = no buyers = bullish signal = green shoot?  Or maybe wilting shoot?

I think I'm smelling stimulus 2 coming to a country near you in Q3 ... to put another 25% of icing on this cake before the bluebird of fundamental happiness comes in & craps on it.

Mon, 08/10/2009 - 17:26 | Link to Comment cougar_w
cougar_w's picture

u r 2 funny

Mon, 08/10/2009 - 18:35 | Link to Comment MinnesotaNice
MinnesotaNice's picture

I agree that Stimulus Two is coming our way... there is too much chatter being put out by the Administration that it is not coming... they are floating it out in the media for discussion, to test the concept, and get the sheep used to the thought that there could be a Stimulus Two... so when it happens the masses will willingly follow.  Along the same theme as the "stress tests" that were talked to death until it was a non-event.

Mon, 08/10/2009 - 17:05 | Link to Comment Sancho Ponzi
Sancho Ponzi's picture

Simple: All the money got diverted to Freddie Mac;)

Mon, 08/10/2009 - 17:07 | Link to Comment Ned Zeppelin
Ned Zeppelin's picture

Does anyone have a thumbnail number to put on the S&P p/e ratio as of the close of Q2? Understanding that frail retail numbers are yet to be heard this week.

Mon, 08/10/2009 - 17:13 | Link to Comment Anonymous
Mon, 08/10/2009 - 17:43 | Link to Comment Anonymous
Mon, 08/10/2009 - 18:23 | Link to Comment deadhead
deadhead's picture

clearly a steal at those ratios.

Tue, 08/11/2009 - 21:40 | Link to Comment Ned Zeppelin
Ned Zeppelin's picture

Thank you. What do you think of those ratios?

It always rains in September, around the middle of the month.

Mon, 08/10/2009 - 17:17 | Link to Comment Assetman
Assetman's picture

I'm thinking low volume in SPY and the equity decline today was a test. With a lower market, would there be support for the dollar and lower Tresury yields (it helps as auctions are upcoming)?

Mission accomplished.

Now, the Fed can commence buying Treasuries around the auctions and weaken the $ until we get to QE decision time in September.

Mon, 08/10/2009 - 17:26 | Link to Comment Sancho Ponzi
Sancho Ponzi's picture

Roger that, Assetman. BTW, has anyone else noticed the recent grand scale disappearance of Obama bumper stickers from the boots of cars?

Mon, 08/10/2009 - 17:35 | Link to Comment Anonymous
Mon, 08/10/2009 - 19:18 | Link to Comment Anonymous
Mon, 08/10/2009 - 19:45 | Link to Comment Anonymous
Tue, 08/11/2009 - 08:32 | Link to Comment ivant
ivant's picture

brilliant!

Mon, 08/10/2009 - 23:01 | Link to Comment Anonymous
Tue, 08/11/2009 - 01:01 | Link to Comment Anonymous
Mon, 08/10/2009 - 17:31 | Link to Comment kote
kote's picture

Weren't prices supposed to go up on low volume?  What'd I miss here?  Are we switching to high volume on up days low volume on down days?  This market already is nowhere near making any sense... sigh.

Mon, 08/10/2009 - 17:34 | Link to Comment Screwball
Screwball's picture

Off topic - Fast Money just had a guy on talking about HFT.  Might want to check that out TD.

Mon, 08/10/2009 - 17:51 | Link to Comment Anonymous
Mon, 08/10/2009 - 18:23 | Link to Comment Anonymous
Mon, 08/10/2009 - 22:34 | Link to Comment Assetman
Assetman's picture

I wouldn't go quite that far, anon... but they were pretty quiet on the whizzbangs today. 

Someone did a little gunning in the last hour, obviously after the T-market shut down for the day.  Let's go down... just not too far down.

Mon, 08/10/2009 - 18:42 | Link to Comment Anonymous
Mon, 08/10/2009 - 19:15 | Link to Comment Anonymous
Mon, 08/10/2009 - 21:06 | Link to Comment newera22
newera22's picture

I definitely agree with you Anon 32236. People all holding to see how much more money Tim and Ben can print into their account. Once the party ends everyone showing up at the Valet line at the same time. Usually, these types of parties have lots of valet drivers (shorts) to help the customers. But times are tough for the shorts and there won't be anyone around like usual. Shorts are doing buy and hold now. Market would have to drop at least near 1000 points before shorts might even be interested in covering. There's nothing left.

Mon, 08/10/2009 - 21:22 | Link to Comment Anonymous
Mon, 08/10/2009 - 20:23 | Link to Comment Anonymous
Mon, 08/10/2009 - 21:03 | Link to Comment newera22
newera22's picture

Lower volume means taxpayers purchasing less S&P futures to prop the market up. Green shoot. Tim and Ben's Excellent Bubble of '09 lives on.

Mon, 08/10/2009 - 21:33 | Link to Comment Anonymous
Mon, 08/10/2009 - 22:13 | Link to Comment nogeithner (not verified)
Mon, 08/10/2009 - 23:09 | Link to Comment Arm
Arm's picture

Low volume of course means even a grandmother buying or selling shares will move this market.  Up or down.

Mon, 08/10/2009 - 23:27 | Link to Comment Anonymous
Tue, 08/11/2009 - 00:51 | Link to Comment Anonymous
Tue, 08/11/2009 - 02:20 | Link to Comment Anonymous
Tue, 08/11/2009 - 04:39 | Link to Comment Anonymous
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