Volume Analysis | Flash Market Update
Published on 01/02/2024
Source: Volume Analysis Flash Market Update, by Kingsview Investment Management
January 2, 2024

Update

Capital Weighted Volume and Dollar Volume were light on the shortened week. Despite a slight upward movement in the broader markets, both Capital Weighted Volume and Dollar Volume showed declines. The Volume Momentum Indicator (VMI), currently at 29, is approaching levels indicative of a potential washout, suggesting that the market may be overbought. While a robust bull market can push through overbought conditions, a moderate bull market often takes a pause, and a weak bull market typically undergoes a correction. The last instance of VMI reaching this level was on July 29th (VMI 28), highlighting that phase of the bull market as weak.

Wishing you a fantastic '24!

Shared content and posted charts are intended to be used for informational and educational purposes only. The CMT Association does not offer, and this information shall not be understood or construed as, financial advice or investment recommendations. The information provided is not a substitute for advice from an investment professional. The CMT Association does not accept liability for any financial loss or damage our audience may incur.

About the Author | Buff Dormeier, CMT

As the Chief Technical Analyst at Kingsview Wealth Management, Buff Dormeier, CMT, helps RIAs and IARs grow and preserve their affluent and institutional client’s wealth. By combining comprehensive wealth management strategies with proprietary state-of-the-art analysis, he creates an income plan for life and a legacy for beyond. A private portfolio manager, Buff developes goal-based portfolio investment strategies tailored to the financial plan of the end client.

As a volume evangelist, Buff is a regularly featured speaker and enjoys sharing his research and investment theories. He literally wrote the book on volume analysis, authoring Investing With Volume Analysis, and was awarded 2012’s Technical Analyst Book of the Year / Trader Planet’s Top Book Resource 2011.

Buff also enjoys publishing his commentary and research. That information can be found via a weekly market commentary, a host of media partners, and various technical journals.

RANKED AMONG THE ELITE

STAND UP AND BE RECOGNIZED

Act now and we'll send you a detailed synopsis of each author's findings.

CLICK TO LEARN MORE

Join the greatest network of technical analysts in the world

INNOVATING FOR FIFTY YEARS

Take advantage of over fifty years of technical analysis innovation to gain an edge in your career.

CLICK TO GET STARTED
© 2025 – CMT Association