Saturday, November 15, 2014

We Don't Need No Stinking Volume...

The Market Trend Model (http://bitly.com/M_Trend_Model) continues to show a positive bias as the market indices continue higher.  As has been common this year, volume continues to decline to anemic levels even as the market grinds to record levels almost every day.

The Nasdaq advance-decline volume (http://scharts.co/19gNyzU) and the NYSE advance-decline volume (http://scharts.co/19gPAQt) both continue to decline as the market holds steady, suggesting a rest period before the current trend resumes.

I continue to watch the 10-year treasury note yield (http://scharts.co/1vdl5Wp), as it again showed weakness on Friday.  It should be noted the market declined sharply in September when the 10-year began its move lower.

At least for now, the market doesn't need no stinking volume to continue higher.