When the closing price rises above the VWAP, it signifies that the closing price is higher than the average price at which it was traded throughout the day, with the average being weighted by trading volume.
Markets have been highly volatile over the past few months, shifting rapidly between ups and downs. However, Bank of America strategist Savita Subramanian sees a strong ‘Buy’ signal that investors should note. Subramanian is pointing out the Sell Side Indicator, a sentiment gauge with an accurate history of identifying shifts in sentiment on Wall Street. Currently, the indicator is three times closer to ‘Buy’ than ‘Sell,’ a position that suggests a bullish future for equities.” “The SSI has been