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Monday, March 09, 2015 11:11:25 AM
I haven't seen any "loading"- as the higher volume days have all closed RED that I'm aware of? Friday being a perfect example. Closing red means net selling- not accumulation or "loading" by anyone, it's "un-loading" which is the opposite IMO.
Again, this so far is a lower volume "blip-up" as has happened several times in the past few months (sell/dump days have been 3 million shares on the low side and closer to 4/5 million shares on most "avg" days now). A few moments in time does not maketh a trend. Avg daily vol is now up at 2.5 million shares a day- it'd need to break that and much more in the green for many days to really start setting a trend. 1.3 million on the Ask, sell side all need to go first and Bid move up before it goes anywhere that I can see.
Way to early to "call" a trend here IMO. Friday AM looked "better" too- only to get bulldozed by mid-day with an explosion of volume to the red side and then ole BMAK, the 10K share block moved right back to sitting on the Ask the rest of the afternoon, never getting "filled", never disappearing- just sitting there as the "daily cap" as I now see it.
Way too early here IMO and not much volume to any upside yet. And a key thing- the Bid barely moves lately, if at all. It's stuck- as it's been for months. The Bid would need to move up rapidly to match the Ask on any real strong "up-trend" or heavy buying day. It's parked at .0093 or .0094, the Bid right now, which means to me the MM's just have it trading on a wide open spread again (10% spread minimum), not any real strength. The MM's are just fishing for some buyers to take a bite at that 10% spread IMO. It's done this too many times to count just since start of 2015- but never set a trend yet, not even close.
My 2 cents.
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