Friday's Volume Down Significantly

Where did all the volume go?

Must have gone the way of May flowers. Lowest volume day in a couple months (see below). Indices are mixed at the mid-day with a moderately falling VIX.

Click to enlarge:

Other internals are also generally mixed and SPX is sitting right on the VWAP, which in turn is tracing slightly above the rising intra-day five-day moving average. Although I retain a moderately negative bias for the day, it could be one of those days to hit the linx/ water early.

Enjoy your weekend and don't forget to check out the weekly rewind.

Click to enlarge:

Comments

[dcb:]

OK, but what does that imply.

May 02 06:02 PM

[Alan Young:]

Please, if you're going to post charts, make them legible? I can't see where the volume is among your dozen indicators, much less how it compares to other days.
Anyway, this is not news. Volume has been declining for weeks, which is why this whole "rally" is so precarious.

May 02 08:21 PM

[boisterousbob:]

Rubbish.



On May 02 10:35 PM Cetin Hakimoglu wrote:

> Friday volume is almost always weak.

May 02 10:42 PM

[KIT:]

Where did all the volume go?

The Hartford Posts $1.2 Billion Q1 Loss (HIG)
5/1/2009 11:19:20 AM
Washington Post Shares Plunge on Q1 Loss (WPO)
5/1/2009 10:59:34 AM
ConEdison Q1 Profit Plummets 40% (ED)
5/1/2009 10:45:10 AM
MetLife Badly Misses Estimates, Swings to $574 Million Q1 Loss (MET)
5/1/2009 10:38:09 AM
MasterCard Q1 Profit Falls 18%, (MA)
5/1/2009 10:06:20 AM

May 02 11:16 PM

[capital pains:]

Was this silly article phoned in ? So what ?? Friday's are usually lighter in volume ..Especially so, now that the market traders anxiously await the results of the absurd stress tests ..

May 03 08:40 AM

[jgpietsch:]

Hi, I post a mid-day update each and every single day. Sometimes SA decides to post them as if they are stand along works, which clearly they are not. I do not control which ones they select, or how they edit them (sometimes subtly changing meaning even). If the article seems out of context, I'd encourage you to read my whole blog. The volume was the lowest in months. Cheers, Jeff

May 03 11:51 AM

[Northstar10000:]

Cetin
You continue to amaze. Friday volume was a disaster and no one except the big traders know it. Do you even know what day it was?

May 03 12:24 PM

[Kunst:]

Don't waste your time arguing with Cetin.


On May 03 12:24 PM Northstar10000 wrote:

> Cetin
> You continue to amaze. Friday volume was a disaster and no one except
> the big traders know it. Do you even know what day it was?

May 03 02:04 PM

[Manifestor:]

Possibly because Friday was May Day, a holiday in many countries around the world.

May 03 03:37 PM

[adan:]

the lighter the volumne, the easier (it seems) to spike the market up or down within just a few minutes, like friday's close

give us free transparent markets, so we all have a chance to make our share of the american dream....

May 03 10:45 PM