Capital flows are reflected to some extent in trading activity:
$SOXLB fell below 62.33, hitting a 90-day low. At the moment it broke below that level, anyone who had bought in the past 90 days was sitting on an unrealized loss.
At this point, trading volume rose to 2.7 times the daily average. Most of the selling is likely from stop-loss orders; what really matters is whether large investors are buying at these levels. If there’s enough buying support, the price may rebound after becoming oversold. If not, it may keep falling in search of buyers.
#SOXLB
$SOXLB fell below 62.33, hitting a 90-day low. At the moment it broke below that level, anyone who had bought in the past 90 days was sitting on an unrealized loss.
At this point, trading volume rose to 2.7 times the daily average. Most of the selling is likely from stop-loss orders; what really matters is whether large investors are buying at these levels. If there’s enough buying support, the price may rebound after becoming oversold. If not, it may keep falling in search of buyers.
#SOXLB
