Light Volume Markets Dominate The Day

Today, all of the major stock indexes rallied in the morning on declining volume. This type of action is common on a Monday when trading volume is usually light. Yesterday, was the Super Bowl in the United States and many traders and investors are still recovering from that national holiday event.

Traders that follow the SPDR Dow Jones Industrial Average ETF can watch the $121.10 as short term intra-day support. There will also be more support for the popular DIA around the $120.85 level. It is important to remember that light volume markets generally favor the upside, therefore, support levels look attractive as scalp trades.

About Nicholas Santiago 575 Articles


Nicholas Santiago started trading in 1991. In 1997, he became a licensed Series 7 and 63 registered representative. He managed money for a large, affluent private client group. After applying his knowledge to his client base, he decided it was time to begin teaching those interested in learning his methods. He is an expert in Technical Analysis. He has become an accomplished technician in the studies of Elliot Wave, Gann Theory, Dow Theory and Cycle Theory. In 2007, he partnered with Gareth Soloway to form InTheMoneyStocks.Com and realize his dream of educating others about the truth of the markets.

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