LOW VOLUME

Yesterday had extremely low volume and volatility which was a surprise to me given the fact that it was the day after expiration, earnings season, and we also had some news. Keep in mind that continued market advances need increasing volume to sustain moves and we are not seeing buy programs which means the larger institutions are on the sidelines at these levels. Octobers are generally pretty volatile so we will see if things can pick up here in the next two weeks.