Wrap up will be out around 10

What I see right now doesn't surprise me a bit taking a quick look.

Remember, there are 4 possible price volume relationships:

Price Up/ Volume Up-the most Bullish
Price Up/ volume Down-the most Bearish
Price Down/ Volume Up- at the start of a down trend this indicates panic selling and is bearish. After a prolonged downtrend it can indicate capitulation and that we are nearing a bottom
Price Down/ Volume Down- is the most commonly seen relationship in a bear market and doesn't tell us much.

Here are the dominant P/V relationships today:

Dow 30: 29 stocks -Price up/ Volume down
NASDAQ 100: 76 -Price up/ Volume down
S&P-500 397-Price up/ Volume down
Russell 2k -1500 -Price up/ Volume down
Russell 3k -2214 -Price up/ Volume down


As I expected by seeing the volume today, the P/V dominant relationship for all the majors was the most bearish possible on a breakout day. As I stated before, all price advances are not equal.