Price Time Volume Investing

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 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

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

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

The swing chart of the Nasdaq Composite has closed below the support of the upside swing highs. Price is now at the 50% retrace level and not in good position to move higher. Continue reading

While I am still biased to the downside today, if price gets to a new high by next Monday I would switch back to a weak uptrend. Continue reading

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

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 Nasdaq 100 (NDX) remains range bound after today. Price action was very positive and volume was good. The SP500 Index (SPX) swing chart action has price below the day six high - even after todays big move. I assume that the open will take out this high. But where they close them is more important than where they open them. 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 Standard and Poors 500 Large Cap Index (SP500) bounced off the low and made a thrust upward before correcting for three days. Price is now above the 20 day moving average and has been moving up on higher volume than the down days. Continue reading

Lower volume move down in price today; and the percent price movement was impressive. But selling volume was limited. Continue reading

The Nasdaq Composite (COMPQ) made a new high today on higher volume than yesterday. The SP500 Index continue up on higher volume and looks good at this point. Continue reading

The Nasdaq Composite (COMPQ), SP500 Index (SPX), Dow Jones Industrial Average (INDU), and Smallcap 600 (SML) all finished at highs on high volume. The Nasdaq 100 (NDX) finished at a high but about flat - which is not bad considering earnings misses. The SPX swing chart is very constructive. Continue reading

Price movement on higher volume than the previous day is good. The follow-through needs to occur after the third day to be meaningful. But it is never a bad thing to have a high volume move up off a low. Continue reading

The daily swing chart shows that the SP500 Index (SPX) is in bad shape. The weekly swing is in just as bad shape, but the monthly swing is in position to turn up in July. The market is constantly making lower lows with retraces of only a few days. Continue reading

The NDX and QQQQ are bouncing right where they should. We need follow-through. But a high volume reversal day on all indices is a welcome sight for the bulls. Continue reading