Price Time Volume Investing

The charts of these major indices have not moved beyond the 2000-2002 bear market low. The SPX must contain more financial stocks that are heavily weighted as compared to the other indices. Continue reading

The SPX had a large range outside day (LROD to Jeff Cooper followers) on volume. Price broke the October 10th low for a short period of time and then the volume buyers came in. From here we need one or more follow through days. We also need break the October 14th high and remain up there beyond the 12th day of the rally. Continue reading

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 (SPX) corrected after six days without a move below the low of the previous day. A move back toward the 20 day moving average is expected. Volume was lower today than yesterday and all days last week. CSCO warned after the bell putting pressure on the indices. Continue reading

The Nasdaq 100 (NDX) has had seven days without a new low. It is rare for a move to go beyond 7 days without a correction of a day or two. Continue reading

Ignoring the late selling, today was a good consolidation day after yesterday’s move. Continue reading

The SPX swing chart remains above the October 10th low which ended an 11 day drop. Continue reading

The equity markets are reacting to the cycle turn of October 10. So far, no strength is evident to support significant buying. 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

Not much happened today with the indices. The SPX had an inside day with less volume than yesterday. The COMPQ had an inside day with slightly more volume than yesterday. The volume level was well below the 50 day moving average. Continue reading

There was nothing to get excited about today. Growth stocks did well. Indices were all up. But volume was the lowest in a long time. 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

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

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

Reader Kurt asked about a comparison of the 2000-2002 bear market to the current market environment. I looked at this a few different ways and decided the best way to do it is to compare the 2000 bear market at 12 months to the current drop after one year. Continue reading

The 1987-2000 range of the SPX shows the 50% end retrace line about 20% below today’s close at 883. This will be a retest of the 2002 lows. Continue reading

The VLE is testing the July low which could hold. But the odds are against it. 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

Ignoring all the extracurricular activity, price has bounced off the 50 day moving average as expected in the SPX and COMPQ. Volume is suspect, but lower on the pullback. Continue reading

There was definitely buyers of stocks today with a big range massive volume up day. Continue reading