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Anemic Trading Volume For Monday

The trading volume in this market has been just terrible on Monday's. What is going with this ridiculous light volume. Are the markets even open? Today, the SPDR S&P 500 Trust(NYSE:SPY) is trading just 69 million shares as of 2:49 pm EST. Last Monday the trading volume was very similar to today as the SPY traded just 108 million for the entire session. 

There are a lot of geopolitical events going on in the world right now that should certainly help the trading volume, however, the volume is simply horrible. Traders and investors must remember that it is very difficult to sell short dull markets and this is as dull as it gets. Today the major stock indexes are struggling to stay positive. If there was trading volume today the major stock indexes would likely be trading down further. When there is light volume there is simply no selling pressure and this is something that traders must understand and respect.
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John Murphy has written extensively about Intermarket Analysis - the study of the key relationships between the four major financial markets and how those markets affect each other in the long run. To study Intermarket relationships we use our Intermarket PerfChart that displays the percent performance of the major index for each of the four markets - $SPX for stocks, $CRB for commodities, $USB for bonds, and $USD for the US Dollar.

http://stockcharts.com/help/doku.php?id=support:chartwatchers

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