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"That is what you are seeing in the weak volume".
Last week, the market appeared to suffer from extremely weak volume.
There was really weak volume and intense price competition for domestic beers.
The SPX closed the week with a loss of 1.1% on extremely weak volume.
"However, technical analysis shows a strong downtrend and weak volume is unlikely to support a strong recovery in the short term". Joe DiPasquale, CEO of cryptocurrency fund of hedge funds BitBull Capital, offered a similar point of view.
It begs the question, "Has this indicator become a little too crowded?" At the very least, it warrants a little caution as we prepare to enter a week plagued with extremely weak volume and light economic news.
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"The positive rating outlook reflects that HCA has been able to offset industry pressures, such as increasing bad debt expense and weak volumes, and realize solid earnings growth," Dean Diaz, a Moody's analyst, wrote in a research note.
Prescription volumes in the United States have been softer than anticipated since 2001, according to Richard T. Evans, an analyst with Sanford C. Bernstein, who said the weak economy appeared to be contributing to the weak volumes, particularly for drugs that treat chronic diseases that are not immediately life-threatening like those taken to lower cholesterol.
"It's all about the economy," says Barnes, noting that truckers have seen weak volumes recently.
Our findings are also limited to the management of cardiovascular disorders and we cannot say whether similarly weak volume-quality relationships would occur in the management of other diseases in primary care.
Coca-Cola Enterprises, Coke's largest bottler, also reported earnings yesterday that reflected weaker volume.
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