The 10-day Up/Down Volume Thrust for the NYSE is calculated by summing up volume over the last ten days and dividing that by the sum of up & down volume over the last ten days. The result is multiplied by 100 to create a percentage between 0-100%. See this on an interactive chart via this link (when the chart loads, click on each of the UDT’s in the chart legend except UDT10 to remove them from the chart). Today this percentage is set to…
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It’s only happened 15 times in the history of the index, but it’s nonetheless noteworthy that on Friday VXO posted…
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Cumulative TICK recently slipped below the -20,000 level, continuing the negative TICK trend that’s been in effect this entire week. Today’s action is noteworthy when you consider that the market has…
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On Thursday SPY closed below Steenbarger’s S3 price target. Today markets have reversed, and SPY is currently trading just above R3 at 125.80. In recent years, when SPY closes above R3 immediately after closing below S3 the previous session, it’s led to…
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Currently we have 52 NYSE common stocks at new 52-week highs vs. 67 on Thursday, despite the fact that the S&P500 traded 0.7% above Thursday’s high. This type of divergence has historically led to volatile conditions over the next week with…
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