NYSE short sales and daily volume are trending lower, suggesting that selling pressure is fading.
S&P 500: Market risk remains elevated
NYSE daily volume and short sales declined Thursday & Friday, indicating selling pressure is easing.
There is no sign yet on the daily chart, however, with 21-day Twiggs Money Flow respecting the zero line from below. Breach of support at 1900 would warn of another decline. Follow-through below 1870 would confirm. Recovery above 2000 is unlikely at present, but would suggest that the correction is over.
Daily VIX indicates market risk remains elevated.
The market is closed Monday 7th for Labor Day.
NYSE short selling rises
NYSE short sales and daily volume dipped slightly on Wednesday but remain elevated, warning of selling pressure.
NYSE Short Sales
NYSE short sales and daily volume are only published 24 hours after the close of trade, but are still a useful indication of where the market is headed. Short sales over 500 million on Monday, remain elevated. Keep an eye out for any increase above 600 million this week — which would warn of rising selling pressure and a likely breach of support.
NYSE to Pay $5 Million Penalty to SEC – WSJ.com
By CHAD BRAY
NYSE Euronext NYX +2.23% agreed to pay a $5 million penalty to settle allegations by the Securities and Exchange Commission that technology issues at the New York Stock Exchange gave some customers an “improper head start” on trading information. The case marks the first time the SEC has ever brought a case that resulted in a monetary penalty against an exchange.