We usually discuss up & down volume as a percentage of total volume, but another way of looking at the data is to take a ratio of up volume divided by down volume. On Wednesday, this ratio was over 20:1 (see chart). While we’ve actually seen a few 20+ readings in…
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Preliminary open interest figures released by the CME this evening reveal…
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With the S&P currently up 3% for the month of September, now’s a good time to remember that September is a pivotal month in terms of…
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Stocks surged higher Friday, fulfilling short-term buy signals related to the recent contraction in new lows. It was the largest range day for S&P futures in over a month and a 90% up volume day. That 90% up volume comes right after…
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After trading 1% lower early in the session, stocks recovered to close with modest gains Wednesday. Probably the most noteworthy development was the contraction in…
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S&P futures posted an unfilled downside gap and a fifth consecutive lower close Tuesday. Five down days for the S&P used to be a reliable short-term buy. From 1992 through 2005 this pattern occurred 27 separate times, all of which led to a higher S&P close within two sessions. But in a sign of the times, this price pattern has…
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Volume in E-Mini S&P futures was off 26% from Thursday’s level, triggering the short-term bullish setup mentioned Friday. Only five stocks within the OEX closed under their lower bollinger bands Friday vs. 11 on the prior Friday (see chart), setting up a positive divergence with the S&P. We saw a sharp expansion in new 20-day lows, rising from 1,279 on Thursday to just over…
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