NASDAQ Volume Still Signals Lower Levels

As I noted for the past few weeks in my newsletter, and again on the WCRN AM 830 radio show on Monday, filling in for Carolann Brown, we need to see greater volume on up days to convince me the market is turning. I pointed out that Friday might have been an up day, but the volume on the NASDAQ was under 2 billion shares (1.7). Each of the three preceding down days, the volume was over 2 billion shares.

Today’s Score reading was the lowest in over two years. It looks like the elevator has not gotten to the basement yet.