With the stock market acting poorly, commentators are constantly searching for good news or encouraging statistics in a bid to stir up bullishness. They are wasting their time. The markets do not move on current news.

The real story is in the action of the stock market itself. I refer to the Lowry’s statistics. They show that the urge to buy stocks (demand) is weak and sluggish. Conversely, the urge to sell stocks (supply) is strong and surpasses the desire (demand) to buy. These are not guesses. The Lowry’s figures are derived from the actual daily transactions, based on daily volume and total points gained or lost each day, on the NYSE.