William J. O'Neil
Strong Gains Come On Heavier Volume; Volume Still Below The 50 Day Volume Average (Institutions Were Not Buying On Tuesday)
Read the full article: http://www.bigwavetrading.net/strong-gains-come-on-heavier-v...
Today was a very strong day for all the market indexes, as laggard stocks led the market higher on higher volume. However, that higher volume was below the 50 day volume average on the NYSE and the Nasdaq. Not only that, the IBD 100 and IBD 85-85 index, which is loaded with leading stocks that historically outperform the market by a 2.5x margin during uptrends, were up 3% and 2.7% respectively.
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