Tim Biggam talks about how volume is low going into the three day weekend. The market is showing its first down day in a while. Heading into the long-weekend, volume is extremely low and the market is finally letting up, down a little bit today. The Nasdaq has been up 11 days in a row, the second longest rally ever. Price-to-sales ratios are at their highest levels since the Nasdaq peak in 2000, and share repurchases are fueling these runs with corporations are taking on debt at record low interest rates to pay for buybacks. Implied volatility on many high volume momentum names such as AMZN, NFLX, and TSLA, is at all-time low levels, setting up possible out-of-the-money options trades.