I know Cramer likes to tell everyone to "Stop Trading" and I guess everyone is listening to him the past two days. The volume has been anemic lately. This is the same chart as below but updated. Today there was even less volume then yesterday.
The lack of volume could be because the market has basically done Nothing! SPX is still within its range and today it tested the upper end of it, but failed to get above it. The market has failed to close its gap at 920 and today closed below its 200EMA again.
XLF this used to be the sector to watch. I guess someone gave the market-maker on XLF the past 2 weeks off because this stock has done nothing. Today the news was that some of the banks will be paying back our money and XLF moved a big .73%. But again XLF failed to get above its 200MA. I went long some FAZ at this level.
