In a full day of trading with no obvious vacation disruption, SPY traded ~99 million shares today (the count as of 3:24 pm central). To put this in context, SPY volume has not traded below 100M shares in the last 2 years except for half days or days where the first stringers were likely to be on vacation, and the second stringers were running the show:
Nov 26, 2010 (half day after Thanksgiving = vacation/second stringers).
Dec 24-31, 2009 (half day on Dec 24, followed by short week to close the year = vacation/second stringers).
Dec 22, 2009 (second stringers).
Dec 24-26, 2008 (half day plus vacation = second stringers).
The 200-day moving average of volume in SPY is over 205M shares per day.
![[Most Recent Quotes from www.kitco.com]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_skw60viofXFLQ9ZSZEbWBDaDswqqEn_AsJGd2xn_cW8u-44k8uWkQWwrvFryoHvll4DVJ3en6NBQQQfp7RfvaBku40pJQWmFknl73k1jYeaak=s0-d)
![[Most Recent USD from www.kitco.com]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_uDhlFRX9niVEIUZKZ7SumDqQyZMD5PA2liQPNh8PSY0BGlyANEjgMy8cfv88Y0m_ZIVYQCCaitz4OgxM0ugfh9bjw3fMrw1uq9N6tn5FLRTrlP6OzLtyF6=s0-d)
Posts
It would be nice to see volume pick up on this sell off if this late afternoon move carries into tomorrow.
ReplyDeleteHannaka is the 1st throught 9th.
ReplyDeleteso, wouldn't mid holiday be a time of second stringers?
similar to low volume proceded sell off around April
ReplyDeleteMaybe people are waiting for tax cut news.
ReplyDeleteWe need constitutional amendments to stop the economic suicide and save democracy. God bless America.
ReplyDelete