Why did $SPX.X volume more than double in late 2016 and on?

Discussion in 'Trading' started by Bakinec, Aug 3, 2020.

  1. Bakinec

    Bakinec

    Just noticed this. Not a technical error. I've seen the same thing in CNN as in TDAmeritrade. Can you explain?
     
  2. guru

    guru

    What's SPX.X? I can't find it at my broker or even on Google.
    SPX itself is an index, so doesn't have volume.
     
  3. Bakinec

    Bakinec

    Yeah the S&P 500 index. I think it's the overall volume of all the stocks making up the index. It more than doubled in late 2016 and continued onwards.
     
  4. Bakinec

    Bakinec

    Any explanation?
     
  5. Overnight

    Overnight

    Does there need to be one? Just go with the flow.
     
  6. guru

    guru

    Indexes don’t have volume. S&P 500 index doesn’t have volume.

    I don’t believe the market/trading volume has doubled since 2016. Why make misleading statements and then ask why? Do you also ask why God exists without presenting any evidence?
     
  7. themickey

    themickey

    I don't use Tradingview much so don't know my way to navigate around the website, but here they show volume.
    https://www.tradingview.com/chart/?symbol=SP:SPX
    Some indexes indicate volume, but often delayed, ie only after close of market.
    Norgate data often have volume on some indexes.
     
  8. guru

    guru


    Index cannot be traded and cannot have volume. So what would that volume correspond to? S&P futures volume? SPY etf volume? Individual stocks/constituents volume? Would all those volumes combined be meaningful? Or only one/some of them?
    I’ve looked at SPY volume and it doesn’t seem different.
    That’s why making statements (by the OP) without any supporting information and then asking “why?” seems looney to me.
     
  9. themickey

    themickey

    With Amibroker/Norgate data which I had for many years, I'd always assumed index volume was as you mentioned, total stock constituents. But never dug down deep to find out as it wasn't important to me.
    With Commsec broker in Australia, they have index volume but only after mkt close.
    Barcharts.com don't display index volume.
     
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