Many traders must have taken Veteran's Day off. Trading was very slow. SPX traded up $1 to close at $1772 and RUT rose $2 to close at $1102. The VIX fell almost a half point to 12.5%. Trading volume fell off dramatically with 1.6 billion shares of the S&P 500 stocks trading (2.4B traded Friday). Trading fell 35% on the NYSE and volume dropped 19% on NASDAQ.
No economic news was released today.
Unless you own PriceLine, it was a slow day. PCLN is trying to break through $1100 per share. It managed it this morning but then it pulled back.
My thanks to all of you veterans. We owe you big time.
Slow Day
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- Written by Dr. Duke
- Category: Dr. Duke's Blog
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