Price Time Volume Investing

Tomorrow is day four of the move off the lows last week. The market remains in position to move higher as price is above the low of the high volume up day last week. Tomorrow would be a good day for another big up bar on volume. I don’t have any idea if we get it. But a second thrust up on day four would be encouraging. Continue reading

The market internals show a possible rally setup, while the long term Elliott wave analysis shows a potential for more significant downside. The suggested strategy is to not guess and wait for the market to show it’s hand before allocating cash. Continue reading

The SPX has had 6 days up and 5 days down. There is no trend in either direction. But price remains above the October 10th low and the low on the 28th which started the six day move up. Continue reading

This move certainly isn’t a strong trend up. A four day retrace is not a good sign - but not the end of the world. The chart from the October 10th low shows somewhat of a cup-with-handle formation. Today was inside the second day of the retrace on lower volume. While not bullish, it does setup a bullish thrust (if that is what the market wants to do). Continue reading

The internals of the market remain oversold after large move today. Continue reading

The big bad futures drop this morning turned out to be a big nothing on the SPX. Volume was down and the October 10th low held. The COMPQ test was a little deeper (and possibly better), but volume was relatively lower. 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

The 10 day moving average of the Nasdaq and NYSE McClellan Oscillators has turned up. This is almost always a good sign after a long oversold period. Continue reading

The market is oversold. The time cycle turned last week. The key from this point is the price action at the point the internals become over bought again. At this point I am neither bullish or bearish. The trend for the remainder of the year will be obvious over the next few weeks. Continue reading

One set of charts I’ve been watching over the past several years uses cumulative advancing minus declining issues and volume. Continue reading

I check the breadth of my Top 100 Stocks each day to determine what is going on with the best fundamental stocks with strong relative strength. The breadth here has been weak for some time. But recently I have seen some buying of these stocks occurring. Continue reading

The 10 day moving average of advance-decline lines are as oversold as I have seen them. Continue reading

This market will turn when it wants to turn - or when it is time to turn. But the VIX and Put/Call ratios are in position that rallies have happened from in the past. Continue reading

Volume was lower today and price retraced 50% of yesterday’s move which is not bullish. The put/call and VIX is still up but I don’t think we have seen the low. Continue reading

The price volatility as measured by the average true range (ATR) of the Nasdaq Composite index is at a long term high. This has always led to higher prices. Continue reading

Market volatility and high minus low metrics are discussed. Continue reading

Post contains a few charts I found interesting during last night’s analysis. Continue reading

Today’s drop was not without high volume and fear. The VIX was over 30 today. It should spike higher in the morning unless some news removes the fear. The put/call was very high. The equity put/call was even higher. The new lows today were less on a new price low than previous price lows. Continue reading

Multiple metrics show the equity markets are in a very weak position. Continue reading

Weekly outlooks shows the market not only is ready to move up now - it must it the rally is to continue. Continue reading