Price Time Volume Investing

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. Continue reading

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. Continue reading

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. Continue reading

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. Continue reading

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. Continue reading

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. Continue reading

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. Continue reading

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. Continue reading

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. Continue reading

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 Continue reading

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

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. Continue reading