In March 2009, the S&P 500, and the Dow Jones Industrial Average found a low and staged a sharp recovery rally into April 2010. Throughout that time that the market rallied higher the volume was extremely light. However, when the stock market indexes had corrections in June 2009, and January 2010, the volume on the decline was very strong telling us that this was institutional selling and not the traditional retail investor selling stocks. When the major stock market averages topped out in April 2010 the market declined on heavy volume again telling us that this was again institutional selling. Yesterday’s stock market decline was very interesting for one important reason and that is because the stock market actually declined on very light volume. Since March 2009, the stock market has normally rallied higher when the major stock market indexes traded such light volume. Yesterday the SPDR S&P 500 Index ETF (NYSE:SPY) traded just 166 million shares. This…

The hand of “GOD” or maybe just the Plunge Protection Team The markets were looking ugly this morning, hanging onto a master trend line support on the daily chart that would dictate whether the Hindenburg Omen would play out in a crash scenario.  Yesterday, the markets gave up almost all the gains from the Friday rally, a very bearish signal. A move lower today would have sealed the fate of this market, the SPDR S&P 500 ETF (NYSE:SPY) headed towards $101.00 and then $95.00 easily. As of now, the hand of “GOD” or maybe, just maybe the Plunge Protection Team saved the day. First, at 9:00am ET, the Case Shiller Index was released.  The Case Shiller Index for June rose 4.23%. Analyst had expected 3.1%. This gave the futures a small bid off their lows but the markets remained weak. Then at 9:45am ET, the Chicago PMI was released…