The interesting thing about today’s SPY hammer (a sight for sore bulls eyes) is that even though it turned out green, the bears still managed to dish out a bit more volume distribution. This has knocked TVO into “panicky” mode… and we’re not referring to any last-minute holiday shoppers here (far too early), so we must…
Six of the first nine trading days in December brought significant levels of volume distribution to the market. And what did the other days bring? [Hint: it’s not a partridge in a pear tree.] Even though the gift giving season is underway, the bulls so far have come up empty-handed, and the way the bears…
As you might suspect, today’s slip and slide action was accompanied by a significant boost in volume overall from Tuesday’s session. What you might not suspect is that the up/down volume ratio on SPY was evenly distributed right down the middle, so yes, Virginia, there are buyers out there. On the Nasdaq, however, down volume…
The Monday morning flush today caused the up/down volume ratio to flip-flop from Friday. Other than shift things around a bit, though, very little was accomplished in terms of resolving the volume stalemate of the past few sessions. Slight distribution on the Nasdaq has finally bumped TVO slightly downward, however (despite another scorching day on…
Even if you slept in past noon you still would have been able to endure some of today’s market meltdown in real-time. But you would have also missed some of the buying as well. Buying? How so? On SPY even though declining volume trumped (no political pun intended) advancing, there was at least a 30%…
Call it reactionary selling, price resistance, Beige Book mania or whatever you like. Today’s action was one of clear distribution and the shorts that were certainly waiting in the wings had their day, and it seems like the worst is over… or is it? The selloff raised our Heat Gauge to a sizzling +60, which…
The bears sank their teeth in a little bit during today’s session, however, overall volume didn’t budge… so the shorts may want to contain their excitement over this non-distribution day. There is still time before Friday’s employment numbers for them to try to stick a fork in this thing, but from the looks of TVO,…
For the past week the market has been logging days of distribution (the HG has been in the red since 7/17), but the ball has been passed around a bit among the indices. Last Friday, however, the forces that be have started to see eye to eye, and the resulting selloff kicked our Heat Gauge…
The distribution continued today with overall volume increasing by a whopping 13%, suggesting that the phrase “As Apple goes, so goes the market” will start to earn its place more and more as a prominent fixture of the Wall Street lexicon. The rumor was bought big time and the news was sold in an even…
Slowly but surely, distribution is starting to creep into this recent parabolic rise (who told you markets never go straight up?), last Wednesday and then again on Friday. Most of the hidden selling is taking place beneath the surface of SPY, while the mighty NASDAQ is holding out and standing tall, but the two can’t…
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