Price Time Volume Investing

Today I want to look at the various time frames of the VLE. First the long term range from 1990 to 2002. Notice how price never went parabolic as the Nasdaq did in 1998-2000. Therefore it did not really correct until the summer of 2002 when it had a nice shakeout down to the

Discussion of why I believe the October low will be “the” low before a new five wave bull market. While the SP500 Index (SPX) e-wave charts do little to support this guess, the total market is in much better shape.

Price finally busted above the rally day six high with a strong outside day that finished at the high on Friday. Volume was off a little from Thursday but the weekly volume was well above average. Volume on the Nasdaq Composite (COMPQ) was about equal to Wednesday and Thursday’s volume. This is day 18 of the rally and the COMPQ looks very strong.

The Smallcap 600 Index (SML) had the best week of all stock indices. It has been up four straight weeks on good volume. Last week was basically a lower volume consolidation week for the other indices. The SP500 Index (SPX) and Nasdaq Composite Index (COMPQ) both finished up but about where they started the week. The Dow Jones Industrial Average (INDU) finished slightly down.

Weekly recap of the stock markets with end of week summary analysis.

Looking back to the 1987 crash as a low the SPX is in pretty good shape. Price followed the 1:2 line until 1997. Had price corrected here and then resumed the trend the SPX would be exact in the same place as it currently is.

Price continues to make new lows on volume. I have noticed a few divergences to go along with the II and AAII surveys as positives.

The daily swing chart shows that the SP500 Index (SPX) is in bad shape. The weekly swing is in just as bad shape, but the monthly swing is in position to turn up in July. The market is constantly making lower lows with retraces of only a few days.

Charts and analysis for premium subscribers has been updated.

First day of summer. Big distribution day. Gann said the equinox could be a turning point. But which way? Trend is down so a turn is up?

This week I am going to walk through the dynamic SPX charts (available at The SPX Charts link on the right). The intent is to provide the thought process I go through to determine the status of the market.

I started out in the investing/trading world as a price and volume guy. Almost everything you need is in the price and volume.

Recap of recent posts.

This week’s outlook will be short due to the holiday. I see all the internals are rolling over after price hit the 1440 level on SP500 Index (SPX).

Options expiration provided some volatility in the lower volume market this week. But price appears to be magnetized higher. I am looking at SPX 1440 (360+90 degrees off the March low).

Let’s look at a couple of the SPX charts for this week. These free charts can be found here.

Random thoughts at the end of the week.