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…
Friday’s snap back rally was accompanied by a healthy dose of up volume (a cool -4 on HG). There was, however, a drop in volume overall (-6%), so the bulls may not want to stay too complacent if they’re hoping that Santa will arrive on time this year. If you’re wondering why TVO seems to…
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…
Sorry bulls, but today is not the accumulation day you’re looking for. Considering the unusually large volume we had yesterday, though, the bears may want to hold off on calling today’s breakout a trap until further notice. TVO gave us a long signal Monday and, according to a chilly HG today at -4, a lot…
On Cyber Monday volume sprang back with a vengeance, as thousands of Wall Streeters awoke from their turkey comas (in my case vegan lasagna) and kicked up overall volume by a whopping +183%. TVO, our volume oscillator, has been slowly declining since we went to cash in mid November and has now swung around from…
After the S&P 500’s rise from the ashes in October (which TVO followers rode the whole way – just like we did in October 2014), since the start of November all that can be said is that fund managers have been shifting things around a bit. With one big accumulation day on the books this…
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,…
At first glance it would appear that today’s hawkish Fed rate announcement came as a surprise, but volume stats suggest otherwise. Since 10/21 (When our HG gave us a long signal) there were 2 solid days of accumulation, but Tuesday’s spike in down volume gave the impression that the “December Possibility” cat was already out…
As SPY looms higher and higher back towards the 200 DMA, the market internals (namely volume) have been shifting in their own direction. And with our Heat Gauge reading at zero for 3 days in a row, that direction in the short-term doesn’t look to be too firmly established. Overall volume has been declining, but…
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