Standard and Poor's 500 Recap Week Ending 7/16/10 (all about the volume)

As noted in prior posts, we are experiencing a common pattern in the U.S. equity market. DOWN days in the market consistently generate greater volume than UP days. Last week was no exception. Friday was the highest volume day of the week and the Standard and Poor's 500 closed down 31.60 points. Friday's volume (a.k.a. down day) was 656.9 million shares higher than the Up 16.59 points day on Tuesday.

Standard and Poor's 500 Week ending 7/16/10

7/16/10  DOWN 31.60   Volume:  5,297,350,000

7/15/10  UP 1.31            Volume:  4,552,470,000

7/14/10  DOWN 0.17     Volume:  4,521,050,000

7/13/10  UP 16.59          Volume: 4,640,460,000

7/12/10 UP  0.79            Volume 3,426,990,000