Archive for End-of-Day Commentary
CBOE Equity Put/Call Ratio Hits New Low for 2010
By: on Wednesday, March 10th, 2010 at 2:25 amOur version of Standard & Poors’ Oscillator closed over 7.0 on Tuesday. While this is traditionally ‘overbought territory, more reliable signals are triggered in the…
Login | Subscribe
Cumulative TICK Hits New High for 2010, Down Volume Hits New Low
By: on Sunday, March 7th, 2010 at 5:40 pmA technically strong day on Friday, with bullish NYSE TICK action and a surge in new 20-day and 52-week highs. While the board was somewhat mixed towards the end of last week, I continued to favor the long side because short-term buys were continuing to be triggered despite overbought conditions. In general I find it’s best to overweight short-term buy signals in an overbought market or short-term sells in an oversold market…
Login | Subscribe
Unprecedented Readings from the Nasdaq/NYSE Volume Ratio
By: on Thursday, March 4th, 2010 at 2:39 amExchange volume remains abnormal, with NASDAQ volume outpacing NYSE volume by more than a 2.5:1 margin for the third consecutive session. We’ve never even seen two consecutive readings that high much less three, and while it’s tempting to label it bearish, it’s best to tread carefully when the action is unprecedented. Also note from the longer-term chart that the same ratio utilizing consolidated volume is…
Login | Subscribe
Russell 2000 Hits New High for Year
By: on Wednesday, March 3rd, 2010 at 1:24 amMajor market averages gave back early gains Tuesday, although the Russell 2000 held on to close up nearly 1% after trading above its January high earlier in the session. S&P futures price action indicates…
Login | Subscribe
NASDAQ Volume Higher Despite Sharp Dropoff for NYSE Volume
By: on Tuesday, March 2nd, 2010 at 1:55 amS&P futures kicked off March with an unfilled upside gap. Cumulative TICK closed at +60,000, marking the fifteenth consecutive session with positive NYSE TICK action. TICKscore closed at +18, sending the Cumulative TICKscore line…
Login | Subscribe
Thursday’s Recovery Day Sends Last Hour Indicator Up 185
By: on Friday, February 26th, 2010 at 2:41 amPull up today’s relative volume chart for E-mini S&P futures and note the sharp pickup in volume around 2pm ET. Prior to that point Thursday’s volume was running below the 30-day median, but once it crossed the median it never looked back. That was a good indication the afternoon rally had legs…
Login | Subscribe



Spotting Intermediate-term Tops with the Equity Put/Call Ratio
By: Rennie on Thursday, March 11th, 2010 at 2:00 amFollowing up on last night’s abbreviated column on the CBOE equity put/call ratio, I reviewed some of my older research on the indicator and came across notes regarding the…
Login | Subscribe