The XLF (chart above) is rallying and the volume seems to be missing in action. Is it me or does this bother anyone else. <img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 200px;[More...]
Money managers clean up portfolio holdings before the end of their tax year. Over 48% of US mutual funds close their books between late October and December. Managers sell stocks with large losses to avoid reporting them on their year-end report to shareholders. This causes downward pressure on stocks trading within ...