The CBOT's Mar07Corn contract this week spent much of it's time in a sideways trade, after an aggressive rally the previous week, which included a limit-up day. Click on the Chart-Ex volume at price link for the Mar07Corn chart to view the gap areas with its volume distribution. The gaps areas are 3802-3964 and 3964-4024, with a high volume number at 4030; Corn link.
Will the low volume area near the weekly and monthly low for the Mar0710Yr.Note finally become a rejection area, so the market can get some legs? Click on the Chart-Ex volume at price Mar0710Yr.Note link to gauge the markets strength or weakness for next week's heavy economic calendar; 10Yr.Note link.
The Bull for the Mar07mini-sized Dow brought its horns in a little bit last week. The question becomes: Is the bull pulling back a bit to gather more steam to continue it's charge or is it losing steam? Click on the Chart-Ex volume at price link for the Mar07min-sizedDow link to gauge the volume distribution for next week's heavy earnings reports; mini-sized Dow link. Notice how much of the volume traded was above the 12550 area.