The SP500 Index (SPX) and Nasdaq Composite Index (COMPQ) had a high volume large range accumulations day on Wednesday.
Entries Tagged as 'Accumulation Day'
LROD Closing At High Leads To More Accumulation
March 18th, 2009 No Comments
Tags: Accumulation Day · Nasdaq Charts (IXIC)
High Volume But Below Yesterday’s High
February 5th, 2009 No Comments
Little price appreciation makes today’s high volume move suspect.
Tags: Accumulation Day · Dow Jones Industrial Average (DJI) · Nasdaq Charts (IXIC) · Russell 2000 Smallcaps · Volume
Rally Day 11 Into Overbought Market
December 8th, 2008 No Comments
Today is day 10 or 11 (depending on how you count) of the rally. Price made a higher low on the one day thrust down on December first. Volume was up today showing some accumulation of stocks out there.
Tags: Accumulation Day · Advance-Decline · Market Internals · New York Stock Exchange (NYSE)
Accumulation Day Reversal
November 18th, 2008 1 Comment
Price reversed to the upside on volume today. I am still waiting for price to take out the October 14th high before I get interested again.
Tags: Accumulation Day · Advance-Decline
Rally Day Nine – Another Test of the Low
October 23rd, 2008 2 Comments
The SP500 Index tested the October 10 low again and reversed back up on higher volume today. This action is an accumulations day. Unfortunately, the Nasdaq ended the day about 0.7% lower on higher volume which is distribution. The Dow moved similar to the SPX in an accumulation day.
Tags: Accumulation Day · Distribution Day · Dow Jones Industrial Average (DJI) · Swing Charts
Accumulation Day and Possibly a Follow Through
October 16th, 2008 9 Comments
This chart show definite accumulation today. Technically, today was also a follow through day with a 1.7% move on higher volume. But price remains well be low the high and I want to see price exceed this high on volume before I relax a little.
Tags: Accumulation Day · Nasdaq Charts (IXIC) · Volume
Double Bottom Accumulation Day on SPX
September 11th, 2008 No Comments
The SPX and COMPQ had accumulation days after a big gap down today. Both remain below the 50 day moving average and I am not ready to call a bottom without real buying next week.
Tags: Accumulation Day · Double Bottom · Nasdaq Charts (IXIC)
NDX Remains Below 1×1 Gann Angle
August 28th, 2008 2 Comments
The Nasdaq 100 cannot break through the significant 1:1 Gann angle as it provides resistance. If this happens then price should move higher quickly.
Tags: Accumulation Day · Gann Angle Fan · Nasdaq Charts (IXIC) · Volume
Possible A-B-C Correction Complete
August 26th, 2008 2 Comments
One bullish possibility is that an A-B-C Elliott Wave correction has completed after five waves up from the July low. At this point there is a setup for possible upside. Until a move up starts, my guesses are for weakness.
Tags: A-B-C Correction · Accumulation Day · Distribution Day · Elliott Wave Analysis · Growth Stocks (RUT) · Nasdaq Charts (IXIC)
High Volume Up Week for Markets
July 18th, 2008 No Comments
Today was a good pause on lower volume for the SP500 Index (SPX) and DOW (INDU). The SPX is within 2% of a monthly high while the DOW is up for the month of July. The NDX had a lower volume down day. But a couple big stocks knocked it down and they could be where the markets wants them now.
Tags: Accumulation Day · Dow Jones Industrial Average (DJI) · Nasdaq Charts (IXIC) · Volume
Accumulation Day for the Indices
July 17th, 2008 2 Comments
Price movement on higher volume than the previous day is good. The follow-through needs to occur after the third day to be meaningful. But it is never a bad thing to have a high volume move up off a low.
Tags: Accumulation Day · Nasdaq Charts (IXIC) · Swing Charts
Bounce is One Year from SP500 Selloff Last July
July 16th, 2008 No Comments
Today is July 16th 2008 and we had a large volume up day. It remains to be seen if this was a short term reflex reaction on the 52 week anniversary, or if a sustained move up occurs.
Tags: Accumulation Day · Gann Angle Fan · Powershares QQQ Trust (QQQQ) · Price Retrace · Square of Range · Value Line Arithmetic Index (VLE) · Volume
Good (not great) Day on High Volume
July 10th, 2008 No Comments
Volume was up on the SP500 Index (SPX) and Powershares QQQ Trust (QQQQ). Price was up over 1% but below the high of yesterday. Price needs to take out the recent highs quickly or the oversold condition will work itself off and bulls will be in big trouble.
Charts courtesy of Stockcharts.com
Tags: Accumulation Day · Powershares QQQ Trust (QQQQ) · Volume
Weekend Outlook – 07Jun08
June 7th, 2008 17 Comments
I started out in the investing/trading world as a price and volume guy. Almost everything you need is in the price and volume.
Tags: Accumulation Day · Breakout · Cup with Handle · Distribution Day · Market Outlook · Roadmap · Slope · Volume
Weekly Market Outlook 02May08
May 2nd, 2008 No Comments
Overall, this week was very positive for the market. The daily and weekly volume shows mild accumulation. Price is higher than any time since the January decline.
Tags: Accumulation Day · Gann Angle Fan · Market Outlook · Powershares QQQ Trust (QQQQ) · Roadmap · Square of Range · Volume