Price Time Volume Investing

Volume was up on a second down day on the major indices. But as bad as the press coverage of the last two days are, the actual chart looks in good shape. Tomorrow is day three and an afternoon reversal back up is a possibility. 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

The recent move from October 10th has had two test stabs down. Price is in a position where it must move higher now or risk downside below the recent low. Continue reading

Volume was higher than yesterday and price was down. This is the definition of a distribution day. Continue reading

The markets reversed the gap down open on lower volume than yesterday. Continue reading

A move up was sold on high volume. Price has not yet broken the 50 day moving average yet. Continue reading

The bears could not have asked for a better day. I’ve been looking for a break based on the price volume action of the past week. The gap up was sold off on volume with a let up in selling in the last hour of the day. All indices closed with significant distribution. 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

After another low volume down day, my assessment is the upside needs to prove it to me. Continue reading

The Nasdaq 100 had a low volume down day and is in the process of working off an overbought condition. Today was a minor distribution day. Continue reading

High volume distribution at the end of the day is not what we would like to see. The daily price bar remains above the low from yesterday. Ideally, I would like to see an accumulation day tomorrow on higher volume than today. Continue reading

It would be tough to find a weaker chart than the BKX. It is hard to imagine the market going up with the banks at least stabilizing. Continue reading

I don’t know what it is but the market just isn’t acting right . There was the Fed today, and funds going out of business into the end of the month, and Russell re-balancing. My breadth stats were terrible again today. It looks to me like another distribution day. Continue reading

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? Continue reading

Definitely a night for a Rum-Runner… The internals are at or approaching a trading low. I heard/read in the last few days of hedge funds being forced to liquidate in the week and this action has that look. Options expiration is also next week and Wednesday/Thursday the previous week is often a setup to get the options players leaning the wrong way. 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

I thought the market looked “OK” yesterday with good price movement of the indices and higher volume on the Nasdaq (COMPQ). When I looked deeper at the breadth of my top 100 growth stocks (mechanically generated each day) Continue reading

The volume was up today on a down price day which is a negative. How much of a negative remains to be seen as price moved up will after 3PM on big volume. Continue reading