March 6, 2023

Volume Analysis | Flash Update – 3.6.23

The S&P 500 broke through 4000 resistance this past week. Capital inflows exceeded outflows $47.3 Billion to $31.2 Billion.Both capital weighted volume and dollar volume rose for the week, yet both remain below trend. Capital weighted dollar is very close to breaking above trend. This occurrence would signal a Volume Analysis Bull Market.

The Advance Decline moved higher, closing the week near February lows. S&P 500 resistance is nearing mild resistance at 4050 and 4060.Price is leading the charge higher but volume has been gaining ground in 2023. Presently, the markets appear balanced and capable of swinging either direction.

Grace and peace my friends,


Updated: 3/6/23

Historical references do not assume that any prior market behavior will be duplicated.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. 

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