Markets hung in there today with SPY consolidating in a tight 1 point range near the highs, digesting yesterday’s swift comeback move. Things did heat up quite a bit volume-wise as the HG climbed up again all the way to +22, but this time overall volume took a breather. The ebb and flow of advancing…
The spotlight on today’s massive post-shakeout/snapback was fixed firmly on the NASDAQ, with a huge volume boost (over 4 times up over down-volume) fueling the move, but the other indices contained their excitement as volume fell marginally overall. Nevertheless, the index many love to call the leader had an all-time closing high only a few…
The trading day started off with not so bad economic data, but the futures had already decided the fate of today’s market by leaving it to open right at the edge of the SPY 212 support level. As we mentioned last week, this where all of the so-called smart traders place their stops to protect…
As the words of the Fed start to clarify the intention of their future actions, investors seem to be getting more and more unclear about how that affects them… from a volume perspective that is. Divergences in up and down-volume across the indices suggest that indecision is out there, but since Friday was a low…
Today after a quick flush (with our sub-SPY 212 stops narrowly escaping certain peril for now), the market closed at an all-time high… again, but this time we’re singing a slightly different tune. Big institutions finally saw fit to jump up from the sidelines and inject a small but decent amount of volume accumulation into…
The Fed is apparently putting the rate hike on hold and the bullish half the market seems to think it’s a good thing, while the other half thinks… well, that it’s also a good thing. From a volume perspective, bulls and bears were split virtually right down the middle as our Heat Gauge cooled down…
The powers that be sent a warning shot across the bow today, telling the SPY breakout crew that these uncharted waters may not be as welcoming as they seem. The TVO Heat Gauge shot up to +37, quickly filling the so-called volume-less void of the past several sessions. Interestingly though our trusty oscillator has shifted…
Since the beginning of May, overall market volume has been declining more and more with every session. Yet, with exception of the 5/5 to 5/6 dip (incidentally the only 2 days this month that had any serious volume behind them), the investors who were supposed to sell in May have apparently not gone too far…
The time has come again to hurry up and wait for what the Fed has to say, and lack of volume right now is telling us that the big bets may have already been made as to which way it will go. The Heat Gauge is just barely less than zero, so the bulls are…
In just a week’s time SPY has gone from the brink of the abyss below the 50 dma to just a mere stones throw away from 213. But the star of the show today in terms of volume was the NASDAQ, logging more than double the up-volume over down, pushing the HG to -3. The…
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