NYSE UP Volume In Decline

The NYSE Up Volume to Down Volume ratio is one of the indicators that appears to be on the rise. What's interesting to note is that the absolute volume of up volume is in decline. The above chart is a 14d moving average of the Up volume.



The level of down volume is also declining; essentially there is less volume all around. The chart below is the 14d simple moving average of NYSE total volume. You can see that market volume is extremely low at the present time.