2014 has been an unusual year so far. The worst start for stocks in decades stunned many but has been saved by the best rally in a few years’ asset-gatherers proclaim it was the dip to be bought but volume never came back to buy that dip (despite its exuberant surge). So where is all the volume in 2014? Nanex has the answer… investors have been geting ‘high’ by weeding-out OTC stocks…
Where The Action Went…
1. Comparing shares traded per day between OTC stocks, NYSE listed stocks and Nasdaq Global Market stocks.
Trading volume in OTC has exploded (green line).
2. Comparing trade executions per day between OTC stocks, NYSE listed stocks and Nasdaq Global Market stocks.
This chart takes into account that the much lower priced OTC stocks will have higher volume per trade. Trading in OTC stocks is exploding.
3. Where is the increased trading activity coming from in OTC stocks?
So the real volume; the real action has been in Medical Marijuana OTC stocks… speculative bubble? not according to Janet Yellen…
via Zero Hedge http://ift.tt/1nuyJ1B Tyler Durden