Volume on up days has been anemic throughout October and the Summation Index charts show the weakening breadth very clearly.
Entries Tagged as 'Market Internals'
Low Volume Reversal as Summations Index Weakens
October 23rd, 2009 8 Comments
Tags: Market Internals
Oversold Bounce with Little Volume
October 5th, 2009 No Comments
The Nasdaq McClellan Oscillator 10 day moving average is oversold and setup for a bounce. There have been three lower highs since March indicating a decline of momentum over time.
Tags: Market Internals · McClellan Index
Nasdaq Moving Toward Parallel Angle
September 16th, 2009 3 Comments
The price of the Nasdaq Composite dipped from the parallel angle trend line as the time cycle completed into September. Price looks like it is trying to get back to that angle and is not far from it as of today’s close.
Tags: Market Internals · Nasdaq Charts (IXIC)
Market Up While Summation Index Rolls Over
September 14th, 2009 4 Comments
Yesterday I stated that the market was strong and this is true from a price and volume standpoint. But the Nasdaq and NYSE Summation Index 10 day moving averages have rolled over and are not making new highs with price. This is a divergence to be aware of.
Tags: Market Internals
Weekend Outlook – 19Jul09
July 19th, 2009 No Comments
The internals are pointing higher for the Nasdaq. The Advancing minus Declining volume continues to make a new highs along with the Nasdaq. The NAUD is actually leading the Nasdaq Composite higher.
Tags: DJIA-Dow Crash 1929-1942 · Market Internals · Market Outlook · McClellan Index · Nasdaq Charts (IXIC)
McClellan Oscillators In Oversold Area
June 22nd, 2009 No Comments
The McClellan Oscillators show the market as slightly oversold as price continues higher.
Tags: Market Internals
Nasdaq Low Volume Pullback with Strong BPCOMPQ
June 8th, 2009 3 Comments
The Nasdaq Composite (COMPQ) index paused at the parallel 1×1 descending angle on low volume. Price finished at the top half of the daily bar. The Nasdaq Composite Bullish Percent Index (BPCOMPQ) continues to trend higher.
Tags: Market Internals · Nasdaq Charts (IXIC)
Advance-Decline Versus Up-Down Volume
June 3rd, 2009 No Comments
I compare the 2002-2003 market internals with the current internals and also compare the cumulative volume versus the issue differential.
Tags: Advance-Decline · Market Internals
Nasdaq Internals Show Strength
June 2nd, 2009 10 Comments
The cumulative Nasdaq advancing issues minus declining issues confirm the recent breakout in price.
Tags: Market Internals · Nasdaq Charts (IXIC)
NYSE Summation Index and McClellan Oscillator
April 28th, 2009 No Comments
The NYSE Summation Index looks very strong and has not weakened during the recent churning of the market.
Tags: Market Internals · McClellan Index · New York Stock Exchange (NYSE)
Internals Overbought But Weakening
April 21st, 2009 No Comments
The Percent Price Oscillator is a internal metric I use to judge trend strength. The two parts are the lines and the histogram. Often the histogram signals a change a week or two before price changes direction.
Tags: Market Internals · McClellan Index
COMPQ and VLE Up Year to Date
April 14th, 2009 2 Comments
The Nasdaq Composite (COMPQ) and ValueLine Arithmetic (VLE) indices are positive for the year. The Russell 2000 index remains the weakest index.
Tags: Market Internals · Value Line Arithmetic Index (VLE) · Volume
Market Overbought with Positive Internals
April 6th, 2009 No Comments
The Nasdaq Composite Bullish Percentage Index is a good measure of the strength of the market. Two things to watch are the direction it is moving – up now, and the strength of the move relative to the market.
Tags: Market Internals
New Lows On Nasdaq Less With Each Thrust Down
March 26th, 2009 3 Comments
On each thrust down for the Nasdaq Composite index, the number of new 52 week lows has decreased. I view this as a long term positive divergence.
Tags: Market Internals · Nasdaq Charts (IXIC)
Follow Through Watch Starts Friday
March 11th, 2009 1 Comment
Bill O’Neil of Investors Business Daily has a good process for determining a solid market bottom. Wait three days after the reversal day before judging a low. The idea is that short covering or bear market rallies can last three days. But most markets that make a new high after the third day are good candidates to watch for a bottom.
Tags: About · Market Internals
Who Is Buying The Calls?
March 5th, 2009 No Comments
The Nasdaq Composite is a few points above the November low while the number of new lows expands. The put/call ratio is too low and shows sentiment is not as bad as expected.
Tags: Market Internals · Nasdaq Charts (IXIC)
Lower Volume on the Decline Today
March 3rd, 2009 2 Comments
The market continues down but the volume is lessening each day.
Tags: Market Internals · McClellan Index · Volume
Nasdaq Bullish Percent Moving Down
February 26th, 2009 No Comments
The Bullish Percent Index is moving down which is negative for the market in the short term.
Tags: Market Internals
Market Internals Weak
February 21st, 2009 No Comments
The market internals such as the advance-decline, high-low, and summation lines are very weak.
Tags: Advance-Decline · Market Internals · McClellan Index · Nasdaq Charts (IXIC) · New York Stock Exchange (NYSE)
New Highs In 2009 Rare
February 19th, 2009 2 Comments
The continue to be hundreds of new lows each day an only a handful of new highs.
Tags: Market Internals