Today was yet another session where volume failed to show decisive direction (6 days straight is getting close to the record), but the Heat Gauge at -1 hints that the bulls may have the upper hand at this point. So why does SPY keep settling in and around 210 then? Well, it takes a long…
The gap in SPY has been closed, but yet many folks are going on how today’s close was “bearish.” Well as far as volume goes it wasn’t particularly bullish either (according to those folks it seems like it has to be one way or the other), so it’s fitting to say that now with a…
As we pointed out yesterday, filling the gap could bring the bulls the gift of a lower entry, but it seems that now many are starting to look the gift horse in the mouth. Maybe the SPY 210 level is just not as enticing as it was back in April. Or perhaps it’s because the…
Friday’s employment number rang true for the powers that be, and the Dow and the NASDAQ gapped right back up to the familiar 18k-5k levels, respectively. So do we fill the gaps? The Heat Gauge was around -7 which indicates decent up-volume, but overall volume continues to drop and the bulls may need a second…
Today the Heat Gauge fell below zero (-1), which tells us that up-volume came in ahead of down-volume. However, overall volume took a drop, which is generally viewed as not a good sign for the bulls. To all the fine dedicated readers of this blog I’m sure this sounds familiar, but now with TVO HG…
When I developed TVO, there was a suspicion that the time frame might turn out to be a bit too slow for some of the more active traders out there. So… Enter the Total Volume Oscillator Heat Gauge (TVO HG). I’ve been in the woodshed so to speak working on this for some time and…
Wall Street staged a dramatic finish in what turned out to be not such a bad month for SPY (+2 points or so). The bears finally turned up the heat pushing things south of the 50 day for the second time in April (but with a little less force than on 4/17), and those bulls…
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