Summer volume starting to kick in high gear on the stock market.

The volume buzz on the TC200’s charting platform has their proprietary volume buzz indicator at -55% today, and continues to fade into the afternoon trading session. I suspect we will continue to see much of this throughout the next couple months, like we did last year during the summer, outside of major news days. 

Last week the market saw five days of consolidation, which was completely necessary following the prior week’s rally. However, if this market  rallies out of the bull flag that was formed, which is where I am leaning, I don’t suspect you’ll see any earth shattering moves or volume surges. 

But seeing Apple (AAPL) on the bullish swing-trading list today as well as Amazon (AMZN) is a good sign for the market, because if they can rally, much of the market is likely to follow suit as well. I also wouldn’t be surprised to see the small caps attract some buyers this week as well, as there are a lot more stocks with valuable trade setups to them, then what you have with the large caps, which are a bit stretched at this point. 

Here’s the bullish watch-list for the shortened week.