Eman93
4,750 posts
msg #93655
- Ignore Eman93
modified |
6/8/2010 9:17:02 PM
ohnpaulca
- Ignore johnpaulca 6/7/2010 4:40:38 PM
The NYSE Up Volume % came in under 1% on Friday. In other words, over 99% of the volume was in declining securities. Breadth this extreme is remarkable. According to my database there have only been 4 other days since 1970 where the NYSE Up Volume % came in at under 1%. I've listed them below along with their next-day returns.
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Worked for the SPY nice info..
QQQs and RUT did not go green today charts still look ugly.
Not ready to go long yet other than scalp.....
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Eman93
4,750 posts
msg #93659
- Ignore Eman93 |
6/9/2010 2:32:19 AM
CRERY off the volume scan
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jrbikes
624 posts
msg #93683
- Ignore jrbikes |
6/10/2010 2:49:30 AM
JP, NLIA took off today, I missed it because they called me in early today, I did not see it till I pulled up the chart at break! I was really upset, LOL, maybe tommorrow it takes a new high
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johnpaulca
12,036 posts
msg #93684
- Ignore johnpaulca |
6/10/2010 8:34:15 AM
Thanks JR.
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straken
469 posts
msg #93688
- Ignore straken |
6/10/2010 11:12:39 AM
straken
- Edit message 6/7/2010 2:49:50 PM
I'm buying 50 calls of the CHRW 57.5
Sold to close 50 CHRW 57.5 calls. Nice little profit
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straken
469 posts
msg #93689
- Ignore straken |
6/10/2010 11:13:37 AM
straken
- Edit message 6/8/2010 3:41:27 PM
BTO PLL JUN35 Calls
STC PLL JUN30 Calls. Nice big profit.
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johnpaulca
12,036 posts
msg #93690
- Ignore johnpaulca |
6/10/2010 12:14:54 PM
Sweet !!!
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straken
469 posts
msg #93694
- Ignore straken |
6/10/2010 2:31:58 PM
JP
Today appears to have started off with a bang, I believed it would due to the staggering losses on both sides of the coin in the last few weeks and with index options expiring tommorow........But..Only a handful of stocks (15) are currently trading at 2 x their 10 day average volume and the S&P looks to be having a lower than average volume day.
Whats your take on it? Its a little too early to call just yet but it appears buyers are exhausting themselves.
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johnpaulca
12,036 posts
msg #93695
- Ignore johnpaulca |
6/10/2010 3:22:37 PM
Too early to tell, an open and close above wma21 would be a good start for me.
Here is a piece I read today:
Thursday begins the June to September rollover in earnest. Thursday will mark the first day that September is the "top step" or more commonly known as the "front month." Expect both the June and September contracts to have light volume in each, as traders are clearly up positions in June and just opening them in September. In other words, volume will be split in half.
Wednesday's early report showed that without the free government cheese for housing, mortgage applications continue to fall. This is the natural order of things after such a ridiculous level of malinvestment in housing and the government is only wasting YOUR MONEY by trying to prop up this sector. To believe otherwise is folly.
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johnpaulca
12,036 posts
msg #93699
- Ignore johnpaulca |
6/10/2010 7:28:23 PM
There are four phases of day-trading.
The opening fade, the 9:30 reversal, the lunch break and the 1 pm professional period.
The opening fade is the most reliable of the 4 day trade periods.
Look for the fade to
1. Make a 3-5 day high on the daily charts.
2. Hit some key level on the daily charts (ie 10, 20, 50, 100, or 200 day MA).
3. Hit a swing high intraday.
4. Hit a pivot point intraday.
You will be surprised how often these signals occur at the same time.
Source: Market Direction
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