Price Time Volume Investing

The Dow Jones Transportation Average (TRAN) drops over 8% today and 12% for the week. This is the first signal of the recession that the economist have promised us. Continue reading

So far the markets are holding up. But all it will take to start the cascade is the failure of a couple banks. Continue reading

I got home last night and looked through the charts. There really isn’t anything to discuss that hasn’t been covered. We are waiting for congress to decide what to do. Continue reading

I have mention here that the fact that the smallcaps were holding up well was a sign that these businesses were not having trouble receiving loans. Small companies do not have large cash reserves and need to finance growth. Continue reading

The smaller growth companies cannot function in a recession or a weak credit environment. They do not have the resources to sustain a downturn with large damage. Unless this chart move below the August low I am long term bullish. Continue reading

The Russell 2000 Index is moving up strong off the July low. Price started up the 8:1 Gann angle and have moved to the 4:1 angle. Price is now at the 50% price retrace which is a natural place for a pause. Continue reading

The Nasdaq Composite climbed on higher volume today while the SP500 Index (SPX) rose on lower volume - which maybe be due to more big cap energy issues in the SP500 than on the Nasdaq. Continue reading

The Nasdaq and the Semiconductor Holders were the best indices on the day. The Smallcaps held up well on lower volume. The big selling was in the SP500 Index. Continue reading

Volume was off a little today but I would not call it light. Price of the SP500 Index (SPX) finally moved above the swing high but did not close above this point. Price did finish at the highest close of the swing though. I’m still not super excited because we are nearing overbought and only marginally higher than we were 11 days ago. Continue reading

The Smallcap 600 Index (SML) had the best week of all stock indices. It has been up four straight weeks on good volume. Last week was basically a lower volume consolidation week for the other indices. The SP500 Index (SPX) and Nasdaq Composite Index (COMPQ) both finished up but about where they started the week. The Dow Jones Industrial Average (INDU) finished slightly down. Continue reading

The NDX is in a strong position while the RUT has formed an upside down cup-with-handle which is not bullish at all. Continue reading

Weekly recap of the stock markets with end of week summary analysis. Continue reading

Volume was off on the SPX, NDX, INDU, OEX, and RUT today. The market is weak and could go as low as 1160ish on my charts. SPX 1153 is 720 degrees (two full 360 degree cycles) down from the May high. Of course, it could bounce from any point. But I am getting tired of writing that.

Charts courtesy of Stockcharts.com Continue reading

Price continues to make new lows on volume. I have noticed a few divergences to go along with the II and AAII surveys as positives. Continue reading

High volume outside day that finishes flat for the COMPQ. The same for the NDX but it finished up about half a percent. The SPX was the same and finished down 0.8 percent. Continue reading

The Russell 2000 Index (RUT) is testing the 1:1 Gann Angle and continues to look strong. Continue reading

The Russell 2000 (RUT) broke out above the 50% price retrace that served as resistance since early May. Unfortunately, time is running out for the total market and the 1:1 descending Gann Angle sits above. Continue reading