Volume Analysis | Flash Market Update – 3.25.24

S&P 500 capital inflows surged past outflows by nearly a 3:1 margin last week. Inflows exceeded the norm, totaling nearly $61 billion, while outflows remained notably subdued at $21 billion. Throughout the week, the generals (Invesco QQQ Trust ETF) resumed control once again, finishing up 2.72%, while the troops (iShares Russell 2000 ETF) tiptoed along, up 1.35%.

S&P 500 Capital-Weighted Volume and Dollar Volume both reached new all-time highs as did SPY (SPDR S&P 500 ETF), up 2.14% for the week, breaking through its doji resistance. Despite the S&P 500’s breakout, the troops still remain below their former doji resistance.  Meanwhile, the NYSE Advance-Decline Line reached a new yearly high, illustrating good liquidity. Overall, volume remains a leading indicator, confirming the market’s upward trajectory.

Grace and peace my friends,

BUFF DORMEIER, CMT®

Updated: 3/25/2024. Historical references do not assume that any prior market behavior will be duplicated. Past performance does not indicate future results. This material has been prepared by Kingsview Wealth Management, LLC. It is not, and should not, be regarded as investment advice or as a recommendation regarding any particular security or course of action. Opinions expressed herein are current opinions as of the date appearing in this material only. All investments entail risks. There is no guarantee that investment strategies will achieve the desired results under all market conditions and each investor should evaluate their ability to invest for the long term. Investment advisory services offered through Kingsview Wealth Management, LLC (“KWM”), an SEC Registered Investment Adviser.