AI
Friday, November 27, 2015 9:52:48 AM
Buy:sell, daily shorts & pps 11/25 2015 EOD
An odd day, initially, that morphed into what's been seen all to often. Trading opened flat from the close ($1.79), moved marginally higher ($1.80) in the first few minutes, dropped to the first of the day's lows ($1.75) in the next few minutes, went sideways with falling highs, and then had a big-volume rocket up 10:13-10-17 to $1.92. It then went wide-spread sideways with lows $1.82 and rising while highs did $1.90 and falling through 10:40, after which a medium and high volume push up took price to $1.95 at 11:10 (~71K that minute). That ended the good news, which was followed by the morphing.
On high and then medium volume, price plummeted to $1.75 by 11:19, went sideways on falling volume and highs $1.75/$1.86 and ended at $1.79/1.81 at 11:35. The the rest of the day through 15:35 went flattish in two ranges encompassed by $1.77/9, with a few brief one-minute excursions higher or lower. The end of day trading, beginning at 15:35, took us down to a new intra-day low, $1.72 at 15:42 and we ended barely better with a last few minutes closing at $1.75.
There were no pre-market trades.
Trading opened with a 914 share buy for $1.79, trading $1.77/$1.80 that minute, and went no/low-volume $1.77/$1.83 a few minutes and then began wide spread sideways with the low at $1.75 and the high descending from $1.83 to $1.76 by 9:56 and went sideways $1.76/7 to end the period there at 10:11. 10:12-10:27 began with medium and rising to very high volume beginning a strong climbing price which hit $1.92 by 10:17 and was followed by the high falling back to $1.86 and again rising to $1.92 accompanied by lows rising from $1.82 to $1.89 and ending the period at $1.86/92. 10:28-11:09 began with ~22.8K taking price back down to $1.81 followed by high-moving-to-medium volume trading $1.81/5 until 10:34 when volume went to low-to-medium and price spread narrowed to $1.83/5. Volume moved to medium-to-high at 10:47 and price hit $1.90 by 10:51, followed by a series of medium-volume, and declining, steps lower to hit $1.86 at 11:06 and go sideways to end the period at $1.86. 11:10-11:11 did a two-minute ~73.2K trading at $1.86/$1.95. 11:12-11:30 began with an ~80.8K four-minute drop to $1.76/80, did a couple minutes sideways and then did a two-minute ~20.8K drop to $1.75/8 followed by a ragged step back up to $1.86 by end of period, ending at $1.80/6. 11:31-11:45 was a period os medium-to-low volume steps down to end at $1.75/7. 11:46-15:34 began a no/low-volume $1.75/8, with narrowing range moving at 12:08 to a very low-volume $1.76/9, with very slowly declining highs, until 13:13 saw a 6.6K move $1.76->$1.79 and resumed very low-volume $1.77/9 trading, ending the period at $1.77. 15:35-15:45 (no trades last minute) started a series of steps down with a ~3K drop to $1.76/7 and then, on rising volume, dropped to $1.75 by 15:38 on ~12.2K and another 9.6K through 15:42 dropped price to $1.72 and the next minute did $1.72/5 on ~6K ending the period at $1.73. 15:46-16:00 started a high-volume step up to hit $1.74/6 at 15:48 and started doing sideways $1.74/6 on medium-to-low volume and, on low volume the last five minutes, ended the period and day with a 146 share buy for $1.75.
There were no AH trades.
Excluding the opening and closing trades (didn't qualify) there were larger trades (>=5K) totaling 109,568 shares, 10.13% of day's volume, with a $1.8531 VWAP.
Because of the intra-day behavior described in the opening stanzas above, I draw no goo conclusions at all from any of these movements.
As with yesterday { Temper these thoughts, all around, with the possibility of holiday-week effects. }
On my minimal chart we got a squeaker confirmation of yesterdays { Good news! We closed above the descending wedge's resistance today! If we do it again we have a confirmation that the descending wedge is not in control. How much is holiday-induced I can't say but this broke a bit sooner than expected, if it confirms. }
Like I said though, it's a squeaker. With today's volume almost exactly the same as 11/11 I think strength would have shown up by a close nearer the high than the low. Closing where it did, the "clearance" above the line is almost non-existent. With the line falling though we could minimally fall and still remain above it.
Speaking of the volume, the prior time we had this volume we got two essentially sideways days. Let's hope we hold at least that well during the 1/2 day of trading tomorrow.
On my one-year chart the price closed the small gap above the long-term descending channel support. So we are riding it down still.
The oscillators I watch had RSI, momentum, and accumulation/distribution marginally weakened while full stochastic, MFI (untrusted by me), and ADX-related marginally improved. Williams %R was flat.
The 13-period Bollinger limits have converged substantial now with the mid-point still above, but falling towards, our price range.
In aggregate I maintain my possible cautious optimism while still be concerned about the holiday effects during tomorrows shortened trading day.
VWAP rose almost 2% today, vs. yesterday's drop of almost 3%. This is probably not as positive as one might think because o
f the high-volume "rocket" higher and subsequent drop to very low price range the rest of the day, as described above.
Percentages for daily short sales and buys moved in the same direction and short percentage went to the bottom, vs. yesterday's top, of my desired range (needs re-check) while buys moved even further below the area needed to suggest any upward movement near-term.
The price spread widened again and, in conjunction with being in a down trend, suggests more price weakness near-term.
Combined with the large volume, no good can come of this I think.
All in, I'm still awaiting a positive trend development.
As always, much is experimental and should be treated as such.
Bill
An odd day, initially, that morphed into what's been seen all to often. Trading opened flat from the close ($1.79), moved marginally higher ($1.80) in the first few minutes, dropped to the first of the day's lows ($1.75) in the next few minutes, went sideways with falling highs, and then had a big-volume rocket up 10:13-10-17 to $1.92. It then went wide-spread sideways with lows $1.82 and rising while highs did $1.90 and falling through 10:40, after which a medium and high volume push up took price to $1.95 at 11:10 (~71K that minute). That ended the good news, which was followed by the morphing.
On high and then medium volume, price plummeted to $1.75 by 11:19, went sideways on falling volume and highs $1.75/$1.86 and ended at $1.79/1.81 at 11:35. The the rest of the day through 15:35 went flattish in two ranges encompassed by $1.77/9, with a few brief one-minute excursions higher or lower. The end of day trading, beginning at 15:35, took us down to a new intra-day low, $1.72 at 15:42 and we ended barely better with a last few minutes closing at $1.75.
There were no pre-market trades.
Trading opened with a 914 share buy for $1.79, trading $1.77/$1.80 that minute, and went no/low-volume $1.77/$1.83 a few minutes and then began wide spread sideways with the low at $1.75 and the high descending from $1.83 to $1.76 by 9:56 and went sideways $1.76/7 to end the period there at 10:11. 10:12-10:27 began with medium and rising to very high volume beginning a strong climbing price which hit $1.92 by 10:17 and was followed by the high falling back to $1.86 and again rising to $1.92 accompanied by lows rising from $1.82 to $1.89 and ending the period at $1.86/92. 10:28-11:09 began with ~22.8K taking price back down to $1.81 followed by high-moving-to-medium volume trading $1.81/5 until 10:34 when volume went to low-to-medium and price spread narrowed to $1.83/5. Volume moved to medium-to-high at 10:47 and price hit $1.90 by 10:51, followed by a series of medium-volume, and declining, steps lower to hit $1.86 at 11:06 and go sideways to end the period at $1.86. 11:10-11:11 did a two-minute ~73.2K trading at $1.86/$1.95. 11:12-11:30 began with an ~80.8K four-minute drop to $1.76/80, did a couple minutes sideways and then did a two-minute ~20.8K drop to $1.75/8 followed by a ragged step back up to $1.86 by end of period, ending at $1.80/6. 11:31-11:45 was a period os medium-to-low volume steps down to end at $1.75/7. 11:46-15:34 began a no/low-volume $1.75/8, with narrowing range moving at 12:08 to a very low-volume $1.76/9, with very slowly declining highs, until 13:13 saw a 6.6K move $1.76->$1.79 and resumed very low-volume $1.77/9 trading, ending the period at $1.77. 15:35-15:45 (no trades last minute) started a series of steps down with a ~3K drop to $1.76/7 and then, on rising volume, dropped to $1.75 by 15:38 on ~12.2K and another 9.6K through 15:42 dropped price to $1.72 and the next minute did $1.72/5 on ~6K ending the period at $1.73. 15:46-16:00 started a high-volume step up to hit $1.74/6 at 15:48 and started doing sideways $1.74/6 on medium-to-low volume and, on low volume the last five minutes, ended the period and day with a 146 share buy for $1.75.
There were no AH trades.
Excluding the opening and closing trades (didn't qualify) there were larger trades (>=5K) totaling 109,568 shares, 10.13% of day's volume, with a $1.8531 VWAP.
On the traditional TA front, movements of the open, low, high, close and volume were -1.65%, -1.71%, 3.72%, -2.23%, and 619.73% respectively vs. yesterday's 1.68%, 0.00%, -1.05%, -2.72%, and -35.82% respectively.Ending Period Period Period Per. Trade_ Period_ % Day_ Per. End
Period Volume Low High Dollar Val. VWAP___ Volume Buy ~%
10:11 49326 $1.7500 $1.8300 $87,615.47 $1.7763 4.56% 39.70%
10:27 373510 $1.7500 $1.9200 $695,599.54 $1.8623 34.53% 45.44% Incl 10:15 $1.8600 5,900 10:17 $1.8840 5,700
10:23 $1.8701 5,000
11:11 264898 $1.8100 $1.9500 $494,237.86 $1.8658 24.49% 41.29% Incl 10:49 $1.8500 5,000 11:00 $1.8700 10,200
11:10 $1.8800 6,700 $1.9300 13,100 14,568
11:30 166784 $1.7500 $1.8995 $300,405.72 $1.8012 15.42% 38.90% Incl 11:30 $1.8566 5,000 $1.8200 9,700
11:45 32134 $1.7500 $1.8150 $57,480.97 $1.7888 2.97% 38.11% Incl 11:32 $1.8040 5,000
15:34 117978 $1.7500 $1.7900 $208,849.95 $1.7702 10.91% 37.08% Incl 12:01 $1.7501 5,000 12:15 $1.7798 7,800
15:31 $1.7701 5,300
15:44 35006 $1.7200 $1.7700 $61,175.77 $1.7476 3.24% 36.17%
16:00 35145 $1.7300 $1.7600 $61,114.88 $1.7389 3.25% 35.74% Incl 15:46 $1.7301 5,600
Because of the intra-day behavior described in the opening stanzas above, I draw no goo conclusions at all from any of these movements.
As with yesterday { Temper these thoughts, all around, with the possibility of holiday-week effects. }
On my minimal chart we got a squeaker confirmation of yesterdays { Good news! We closed above the descending wedge's resistance today! If we do it again we have a confirmation that the descending wedge is not in control. How much is holiday-induced I can't say but this broke a bit sooner than expected, if it confirms. }
Like I said though, it's a squeaker. With today's volume almost exactly the same as 11/11 I think strength would have shown up by a close nearer the high than the low. Closing where it did, the "clearance" above the line is almost non-existent. With the line falling though we could minimally fall and still remain above it.
Speaking of the volume, the prior time we had this volume we got two essentially sideways days. Let's hope we hold at least that well during the 1/2 day of trading tomorrow.
On my one-year chart the price closed the small gap above the long-term descending channel support. So we are riding it down still.
The oscillators I watch had RSI, momentum, and accumulation/distribution marginally weakened while full stochastic, MFI (untrusted by me), and ADX-related marginally improved. Williams %R was flat.
The 13-period Bollinger limits have converged substantial now with the mid-point still above, but falling towards, our price range.
In aggregate I maintain my possible cautious optimism while still be concerned about the holiday effects during tomorrows shortened trading day.
VWAP rose almost 2% today, vs. yesterday's drop of almost 3%. This is probably not as positive as one might think because o
f the high-volume "rocket" higher and subsequent drop to very low price range the rest of the day, as described above.
Percentages for daily short sales and buys moved in the same direction and short percentage went to the bottom, vs. yesterday's top, of my desired range (needs re-check) while buys moved even further below the area needed to suggest any upward movement near-term.
The price spread widened again and, in conjunction with being in a down trend, suggests more price weakness near-term.
Combined with the large volume, no good can come of this I think.
All in, I'm still awaiting a positive trend development.
As always, much is experimental and should be treated as such.
Bill
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