Wednesday, July 12, 5:37 pm EST. Yes, the metals rose some, and yes… some of the miners rose, but nearly half the symbols I track didn’t.
Charting them all… All rose, but closed near their lows… And volume? Forget volume! It was off by 17% from the 50-day avg of volume. All price managed to do, in most cases, was to close the most recent gap down, and then sell-off from there. It was a yawner of a day, and I’m glad I didn’t try get involved yet.
It’s not yet officially dead, but if it can find no life soon, selling will recommence.