Fallon Financial Commentary: Disappointing volume - not oversold either Get the latest market commentary and stock trading ideas from Declan Fallon

You would think one of the worst one-day losses would bring about some interest on the part of traders or at least push markets into oversold territory - but neither happened. The former you could argue against with a sizable surge after days of limp volume, but volume was well off the frenzy of a couple of weeks back when the background news turned into the forefront news.

More worringly, none of the markets turned oversold and breadth indicators remain frothy, especially the Summation Indices.