Archive for Intraday Commentary

Jul
28

SPX Falls 1% Intraday, New 20-day Lows Fail to Expand

Posted by Rennie on Wednesday, July 28th, 2010 at 3:54 pm

Interesting to note that with the S&P500 trading more than 0.5% below yesterday’s low, new 20-day lows remain at…
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Jul
27

Cluster of Lopsided Positive Breadth Sessions

Posted by Rennie on Tuesday, July 27th, 2010 at 12:47 pm

S&P futures have posted six consecutive higher highs as of today, a price pattern that typically leads to a lower S&P close 2-4 trading days later. That’s something to keep in mind, but…
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Jul
20

NYSE TICK Hits Multi-Year High Second Time in a Week

Posted by Rennie on Tuesday, July 20th, 2010 at 3:27 pm

Strong NYSE TICK action today – maybe a little…
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Jul
16

Seasonal Tendencies Surrounding July Options Expiration

Posted by Rennie on Friday, July 16th, 2010 at 2:07 pm

Big moves down on expiration Friday often lead to a upside reversal the following Monday, but seasonal factors…
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Jul
14

First Down Day in Seven Sessions

Posted by Rennie on Wednesday, July 14th, 2010 at 3:10 pm

The S&P500 is in the process of posting its first down day in seven sessions. Below are each of the last thirty instances in which…
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Jul
09

Volume Collapses to Multi-month Lows

Posted by Rennie on Friday, July 9th, 2010 at 2:23 pm

Note from the relative volume charts for SPY and E-Mini S&P futures that we’re tracking 30-35% below levels at this time Thursday. That tells us closing volume figures will most likely come in…
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Jul
08

When ES Open Interest Falls on a Strong Rally Day

Posted by Rennie on Thursday, July 8th, 2010 at 1:06 pm

Interesting to note that open interest in E-Mini S&P futures fell 1% on Wednesday’s surge. This…
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Comments, data and trading signals herein are for informational purposes only and are not recommendations to buy or sell. All information presented is believed to be accurate but is not guaranteed.