AI
Tuesday, May 09, 2017 2:44:10 PM
Buy:sell, daily shorts & pps 05/08 2017 EOD
There were no pre-market trades.
B/a just before open was 300:1K $0.68/$0.70.
09:30-10:19 opened the day with a 6,569 buy for $0.71 & $0.70 x 300, $0.6818 x 295. B/a just after open was 16.8K:700 $0.68/$0.70. Then came 9:31's b/a 26.3K:1.5K $0.68/9, 9:33's 1.6K 140 $0.6800/50/99/50/00, 9:34's b/a 25.3K:800 $0.6800/82, 9:35's 340 $0.68, 9:36's 14K $0.6800/80 (880)/00, 9:37's 3.1K $0.68, 9:38's 2.2K $0.68.
A step down was done on 9:39's 19.1K $0.6800/$0.6715 (495)/27 (406)/$0.68/$0.6700 (3K)/09 (100) to begin low/medium/high-volume $0.6700/60. B/a at 9:52 was 3:2.9K $0.6710/50 (bids backed by presented 15.3K $0.67), 9:54 13.3K:2.7K $0.6700/29. The following traded $0.67 flat: 9:58's 400, 9:59's 400, 10:00's b/a was 13.3K:2.7K $0.6700/39, 10:00's 400, 10:01's 2.3K, 10:02's 2.2K, 10:03's 400, 10:04's 300.
10:05's 1K kicked off $0.6700/1 mostly low-volume trading. B/a at 10:14 was 4K:112 $0.6700/9. The period ended on 10:19's 1.2K $0.6700/1 (140)/0.
10:20-11:17 began extremely low/no-volume $0.6640/9 after 10:20's 22.3K $0.6700 (8.1K)/$0.6601 (5.6K)/00 (4.9K)/$0.6651 (1.5K)/00 and 10:21-:25's 1.7K $0.6600/82. B/a at 10:23 was 53.8K:400 $0.6600/81, 10:29 8.9K:100 $0.6641/5, 10:37 5.8K:700 $0.6641/5, 10:46 5.6K:1.4K $0.6641/2. The period ended on 11:17's 200 $0.6640.
11:18-11:59 began extremely low/no-volume $0.6613/28 on 11:18's 300 $0.6640/13 before sagging lower. B/a at 11:24 was 2.2K:1K $0.6613/21. The sag lower occurred on 11:44's 1.5K $0.6613/07 and 11:46's 200 $0.66. B/a at 11:46 was 58.1K:1K $0.6600/1 and trade began extremely low/no-volume $0.6600/1. B/a at 11:54 was 55K:1K $0.6600/1. The period ended on 11:59's 100 $0.66.
12:00-12:05 did a high-volume (34.73% of all volume through 12:00) push up on 12:00's 30.1K $0.6600/50 (1.8K)/45/01/$0.67 (27K), 12:01's 28.8K $0.6700 (2.8K)/$0.6697 (1K)/$0.67 (2.3K)/$0.6648/96/97/49/48/49/48/97/$0.6700/$0.6649/$0.6700 (12.1K)/$0.6658/40 (1.8K)/70 (6.4K), 12:02's 30.3K $0.67, 12:03's 14.4K $0.67, 12:04's 1.6K $0.6701/0 (1.5K), and 12:05's 12K $0.67. B/a at 12:01 was 54.3K:3.2K $0.6600/7.
12:06-13:58 began extremely low/no-volume $0.6602/97, with falling highs, after 12:08's 400 $0.67 and 12:11's 13.1K $0.6695. B/a at 12:11 was 54K:1.5K $0.66/8, 12:32 200:1.2K $0.6602/93 (offers falling). Price was interrupted by 12:43's 400 $0.67. B/a at 12:44 was 2.7K:1.6K $0.6697/99 (bid manipulation attempt? Next best was 52K $0.66), 13:03 200:1.5K $0.6620/89. The lows moved up to $0.6620 at 13:03. B/a at 13:20 was 8.4K:1.8K $0.6620/52. Pecking the bids began to predominate going forward. B/a at 13:32 was 6.6K:1.4K $0.6620/45, 13:47 4K:1.4K $0.6620/35. The period ended on 13:58's 200 $0.6620.
13:59-14:35 began extremely low/no-volume $0.6600/16, with falling highs, on 14:00's 200 $0.66. B/a at 14:02 was 50.3K:1.7K $0.6600/17, 14:17 44K:1.6K $0.6600/12, 14:34 33.8K:1.5K $0.6600/1. The period ended on 14:35's 200 $0.66.
14:36-15:45 began mostly extremely low-volume $0.66/7, with several high-volume minutes throughout the period, on 14:36's 11.4K $0.6601 (1.6K)/$0.67. B/a at 14:37 was 2.1K:1.2K $0.6601/99, 14:47 60:1.1K $0.6601/95 (bids backed by presented 35.5K $0.66). Volume was interrupted by 14:55's 35.1K $0.6600/21/49/42/49/42/$0.67/$0.6621/$0.6695 (1.3K)/$0.67 (30K incl blks of 11.7K, 13.3K, 4.5K)/$0.6624. B/a at 15:01 was 560:4.7K $0.6601/96. Volume was interrupted by 15:05's 6.2K $0.6696 (6K)/01. B/a at 15:10 was 500:4.8K $0.6601/96, 15:18 600:4.9K $0.6601/94, 15:32 4.2K:5K $0.6601/93. The period ended on 15:45's 601 $0.6647.
15:46-16:00 began low/medium-volume $0.6601/20 after 15:46's 4.4K $0.6601/47. B/a at 15:47 was 3.7K:300 $0.6601/40. The period and day ended on 15:59's 2.5K $0.6618/00/35 (1.9K) and 16:00's 115 $0.6660.
There was one AH buy of 100 for $0.6950. It's not as late as most manipulative trades, but being 100 @ 4.35% above the close, I have to be suspicious.
Including the opening trade (closing didn't qualify), there were 28 larger trades (>=5K & 7 4K+) totaling 191,806, 33.38% of day's volume, with a $0.6696 VWAP. Excluding the opening trade, there were 27 larger trades totaling 185,237, 32.23% of day's volume, with a $0.6682 VWAP.
The counts, for the day's trade volume, seems reasonable and the percentage of day's volume is only marginally high. But I observed a lot of larger trades that got "chunked" to include 1K - 3K trades that aren't included in my metrics so the count and percentage of day's volume is likely higher than what is shown here.
The VWAPs are wrapped around the day's $0.6684 with the group including the open trade above and the group exclusive of the opening trade slightly below.
I have no idea whom, other than shorters and MMs doing covering buys, would be buying, Looking at the buy buy percentages below, maybe nobody. Seriously, I guess there could be some short-term traders and retail investors but I can't see that reflected in the data I process.
Pay attention to that 12:05 period below - six minutes and 20%+ of day's volume is impressive. Somebody was getting serviced and apparently buying if the buy percentage is accurate. We don't know because of the larger (block?) trades suggest some went off "behind the curtain".
On the traditional TA front, movements were:
On my minimal yesterday I ended up with { All this leaves me seeing a chance that we do finally enter the consolidation but with a test of $0.66 included. }. We did test $0.66 and it held, but ...
We continued the trend of trading below the short-term descending resistance (descending orange line) with our high touching exactly, AFAICT, the descending line. We also traded mostly below the $0.70 support we violated yesterday and closed well below it, confirming we have a break down from that particular support level. Not only that, but after the first minute all trading was below the line until the late AH suspicious trade occurred and that was also below by 1/2 penny.
By 10:20 we had hit $0.66 and tested it several more times during the day.
We continued "pushing" the lower experimental 13-period Bollinger band limit for the seventh consecutive day, not a good sign. Trading range was again completely, and substantially, below the falling mid-point, $0.7293.
Both the fast and slow EMAs continue to decline with the fast below the slow. The gap from the slow down to the fast is now $0.0457 (was $0.0420).
If I were to stop my analysis right here, my best guess would be we have more downside left, although I think it would be minimal and we would enter a short consolidation based somewhere around that $0.66, plus or minus a bit.
On my one-year chart, for the seventh consecutive day, trading range was completely below all SMAs, all of which are falling with the 10-day below the 50-day SMA. The 20-day made the cross below the 50-day I had been projecting, saying yesterday { ... but I believe the 20 will cross below the 50 tomorrow, or maybe the next day. }
Yesterday the oscillators I watch had very marginal improvement in RSI, momentum and Williams %R. Weakening occurred in accumulation/distribution, MFI (untrusted by me) and full stochastic. ADX-related began to flatten. Everything was below neutral. Still oversold was RSI, Williams %R and full stochastic. MFI was barely above oversold.
Today had weakening in accumulation/distribution, RSI (entered oversold), MFI (just above oversold - untrusted by me), momentum, Williams %R (still deeply oversold), full stochastic (still deeply oversold), and ADX-related. Nothing is above neutral.
The experimental 13-period Bollinger limits, $0.6604 and $0.7983 ($0.6756 and $0.7998 yesterday), continued diverging as both limits declined, the lower faster than the upper. The mid-point is falling.
All in, yesterday I said { We got the reducing volume and still can't see a definite suggestion that the bottom is in even though the low was up 2/10ths of a cent. If we factor in the oscillators going from all weakening to mixed we might be tempted to stick our neck out and say the bottom is in but today was Friday and we have to give less credence to those suggestions than we would on other days. }
Well, the positive suggestions of conventional TA oscillators et al didn't work out and we did weaken today. Near-term I don't see any strengthening yet and my best case scenario is entering consolidation with a mild negative bias evident.
Percentages for daily short sales and buys moved in the same direction, a normal and "good" thing, but both metrics are well away from their desired ranges, with the sort percentage being below what I think is normal (needs re-check) and the buy percentage continuing to wallow in the mud offering no hope of near-term appreciation.
The spread is too wide to think that price movement is unlikely. Adding in the trend, it suggests more near-term weakness is most likely.
The VWAP's rolling average of the last twenty-four movements, after holding steady for three days at 15 negatives and 9 positives, deteriorated to 16 and 8 respectively. Change since 04/03 is -$0.1193, -15.15%, and the averages of the rolling 24-day period seen in the last few days (latest first) are now -0.6491%, -0.4703%, -0.5319%, -0.4198%, -0.2739%, -0.1888%, -0.1311%, 0.1088%, 0.0842%, and -0.2035%.
The VWAP has dropped for seven consecutive days now.
All in, there are no signs here of positive near-term movements. Best case would be entering consolidation but even that would have a mild negative bias.
Bill
There were no pre-market trades.
B/a just before open was 300:1K $0.68/$0.70.
09:30-10:19 opened the day with a 6,569 buy for $0.71 & $0.70 x 300, $0.6818 x 295. B/a just after open was 16.8K:700 $0.68/$0.70. Then came 9:31's b/a 26.3K:1.5K $0.68/9, 9:33's 1.6K 140 $0.6800/50/99/50/00, 9:34's b/a 25.3K:800 $0.6800/82, 9:35's 340 $0.68, 9:36's 14K $0.6800/80 (880)/00, 9:37's 3.1K $0.68, 9:38's 2.2K $0.68.
A step down was done on 9:39's 19.1K $0.6800/$0.6715 (495)/27 (406)/$0.68/$0.6700 (3K)/09 (100) to begin low/medium/high-volume $0.6700/60. B/a at 9:52 was 3:2.9K $0.6710/50 (bids backed by presented 15.3K $0.67), 9:54 13.3K:2.7K $0.6700/29. The following traded $0.67 flat: 9:58's 400, 9:59's 400, 10:00's b/a was 13.3K:2.7K $0.6700/39, 10:00's 400, 10:01's 2.3K, 10:02's 2.2K, 10:03's 400, 10:04's 300.
10:05's 1K kicked off $0.6700/1 mostly low-volume trading. B/a at 10:14 was 4K:112 $0.6700/9. The period ended on 10:19's 1.2K $0.6700/1 (140)/0.
10:20-11:17 began extremely low/no-volume $0.6640/9 after 10:20's 22.3K $0.6700 (8.1K)/$0.6601 (5.6K)/00 (4.9K)/$0.6651 (1.5K)/00 and 10:21-:25's 1.7K $0.6600/82. B/a at 10:23 was 53.8K:400 $0.6600/81, 10:29 8.9K:100 $0.6641/5, 10:37 5.8K:700 $0.6641/5, 10:46 5.6K:1.4K $0.6641/2. The period ended on 11:17's 200 $0.6640.
11:18-11:59 began extremely low/no-volume $0.6613/28 on 11:18's 300 $0.6640/13 before sagging lower. B/a at 11:24 was 2.2K:1K $0.6613/21. The sag lower occurred on 11:44's 1.5K $0.6613/07 and 11:46's 200 $0.66. B/a at 11:46 was 58.1K:1K $0.6600/1 and trade began extremely low/no-volume $0.6600/1. B/a at 11:54 was 55K:1K $0.6600/1. The period ended on 11:59's 100 $0.66.
12:00-12:05 did a high-volume (34.73% of all volume through 12:00) push up on 12:00's 30.1K $0.6600/50 (1.8K)/45/01/$0.67 (27K), 12:01's 28.8K $0.6700 (2.8K)/$0.6697 (1K)/$0.67 (2.3K)/$0.6648/96/97/49/48/49/48/97/$0.6700/$0.6649/$0.6700 (12.1K)/$0.6658/40 (1.8K)/70 (6.4K), 12:02's 30.3K $0.67, 12:03's 14.4K $0.67, 12:04's 1.6K $0.6701/0 (1.5K), and 12:05's 12K $0.67. B/a at 12:01 was 54.3K:3.2K $0.6600/7.
12:06-13:58 began extremely low/no-volume $0.6602/97, with falling highs, after 12:08's 400 $0.67 and 12:11's 13.1K $0.6695. B/a at 12:11 was 54K:1.5K $0.66/8, 12:32 200:1.2K $0.6602/93 (offers falling). Price was interrupted by 12:43's 400 $0.67. B/a at 12:44 was 2.7K:1.6K $0.6697/99 (bid manipulation attempt? Next best was 52K $0.66), 13:03 200:1.5K $0.6620/89. The lows moved up to $0.6620 at 13:03. B/a at 13:20 was 8.4K:1.8K $0.6620/52. Pecking the bids began to predominate going forward. B/a at 13:32 was 6.6K:1.4K $0.6620/45, 13:47 4K:1.4K $0.6620/35. The period ended on 13:58's 200 $0.6620.
13:59-14:35 began extremely low/no-volume $0.6600/16, with falling highs, on 14:00's 200 $0.66. B/a at 14:02 was 50.3K:1.7K $0.6600/17, 14:17 44K:1.6K $0.6600/12, 14:34 33.8K:1.5K $0.6600/1. The period ended on 14:35's 200 $0.66.
14:36-15:45 began mostly extremely low-volume $0.66/7, with several high-volume minutes throughout the period, on 14:36's 11.4K $0.6601 (1.6K)/$0.67. B/a at 14:37 was 2.1K:1.2K $0.6601/99, 14:47 60:1.1K $0.6601/95 (bids backed by presented 35.5K $0.66). Volume was interrupted by 14:55's 35.1K $0.6600/21/49/42/49/42/$0.67/$0.6621/$0.6695 (1.3K)/$0.67 (30K incl blks of 11.7K, 13.3K, 4.5K)/$0.6624. B/a at 15:01 was 560:4.7K $0.6601/96. Volume was interrupted by 15:05's 6.2K $0.6696 (6K)/01. B/a at 15:10 was 500:4.8K $0.6601/96, 15:18 600:4.9K $0.6601/94, 15:32 4.2K:5K $0.6601/93. The period ended on 15:45's 601 $0.6647.
15:46-16:00 began low/medium-volume $0.6601/20 after 15:46's 4.4K $0.6601/47. B/a at 15:47 was 3.7K:300 $0.6601/40. The period and day ended on 15:59's 2.5K $0.6618/00/35 (1.9K) and 16:00's 115 $0.6660.
There was one AH buy of 100 for $0.6950. It's not as late as most manipulative trades, but being 100 @ 4.35% above the close, I have to be suspicious.
Including the opening trade (closing didn't qualify), there were 28 larger trades (>=5K & 7 4K+) totaling 191,806, 33.38% of day's volume, with a $0.6696 VWAP. Excluding the opening trade, there were 27 larger trades totaling 185,237, 32.23% of day's volume, with a $0.6682 VWAP.
The counts, for the day's trade volume, seems reasonable and the percentage of day's volume is only marginally high. But I observed a lot of larger trades that got "chunked" to include 1K - 3K trades that aren't included in my metrics so the count and percentage of day's volume is likely higher than what is shown here.
The VWAPs are wrapped around the day's $0.6684 with the group including the open trade above and the group exclusive of the opening trade slightly below.
I have no idea whom, other than shorters and MMs doing covering buys, would be buying, Looking at the buy buy percentages below, maybe nobody. Seriously, I guess there could be some short-term traders and retail investors but I can't see that reflected in the data I process.
Pay attention to that 12:05 period below - six minutes and 20%+ of day's volume is impressive. Somebody was getting serviced and apparently buying if the buy percentage is accurate. We don't know because of the larger (block?) trades suggest some went off "behind the curtain".
The buy percentages and VWAPs makes it look like another day of ATM usage, but we'll never know. There was also some disconnect between buy percentages and VWAPs, but not severe.Ending Period Period Period __Per. Trade_ Period_ % Day_ Per. End
Period Volume Low High _Dollar Val._ VWAP___ Volume Buy ~%
10:19 166068 $0.6700 $0.7100 $111,952.67 $0.6741 28.90% 10.56% Incl 09:30 $0.7100 6,569 09:39 $0.6750 4,000
09:43 $0.6700 5,000 09:44 $0.6750 4,000
09:52 $0.6700 8,614 10:08 4,000 4,800
10:08 $0.6700 6,000
11:17 67376 $0.6600 $0.6700 $44,750.74 $0.6642 11.72% 14.61% Incl 10:20 $0.6700 7,150 $0.6600 4,930
10:20 $0.6601 5,600 10:37 $0.6645 7,000
11:59 19294 $0.6600 $0.6640 $12,761.64 $0.6614 3.36% 17.22%
12:05 117184 $0.6600 $0.6766 $78,473.01 $0.6697 20.39% 22.44% Incl 12:00 $0.6700 24,900 12:01 9,000
12:03 $0.6700 4,300 12:05 8,500
13:58 64028 $0.6602 $0.6700 $42,630.56 $0.6658 11.14% 23.61% Incl 12:11 $0.6700 5,000 12:54 $0.6694 5,000
13:10 $0.6627 5,000 13:13 $0.6620 5,000
14:35 37294 $0.6600 $0.6620 $24,631.40 $0.6605 6.49% 23.85% Incl 13:59 $0.6600 5,843 14:17 $0.6600 5,000
14:17 $0.6611 5,000
15:45 72143 $0.6600 $0.6700 $48,155.13 $0.6675 12.55% 23.29% Incl 14:36 $0.6700 6,200 14:55 4,500 11,600
14:55 $0.6700 13,300 15:05 $0.6696 6,000
16:00 25670 $0.6600 $0.6660 $17,002.57 $0.6624 4.47% 23.84%
16:50 100 $0.6950 $0.6950 $69.50 $0.6950 0.02% 23.86%
On the traditional TA front, movements were:
In spite of a much higher open, the low, high and close were all lower on rising volume. This does not bode well. It does continue the recent trend though.__Open_ ___Low_ __High_ _Close_ Volume_
Today 2.94% -1.79% -0.53% -2.06% 36.53%
Prior -6.16% 0.30% -2.88% 0.01% -31.00%
On my minimal yesterday I ended up with { All this leaves me seeing a chance that we do finally enter the consolidation but with a test of $0.66 included. }. We did test $0.66 and it held, but ...
We continued the trend of trading below the short-term descending resistance (descending orange line) with our high touching exactly, AFAICT, the descending line. We also traded mostly below the $0.70 support we violated yesterday and closed well below it, confirming we have a break down from that particular support level. Not only that, but after the first minute all trading was below the line until the late AH suspicious trade occurred and that was also below by 1/2 penny.
By 10:20 we had hit $0.66 and tested it several more times during the day.
We continued "pushing" the lower experimental 13-period Bollinger band limit for the seventh consecutive day, not a good sign. Trading range was again completely, and substantially, below the falling mid-point, $0.7293.
Both the fast and slow EMAs continue to decline with the fast below the slow. The gap from the slow down to the fast is now $0.0457 (was $0.0420).
If I were to stop my analysis right here, my best guess would be we have more downside left, although I think it would be minimal and we would enter a short consolidation based somewhere around that $0.66, plus or minus a bit.
On my one-year chart, for the seventh consecutive day, trading range was completely below all SMAs, all of which are falling with the 10-day below the 50-day SMA. The 20-day made the cross below the 50-day I had been projecting, saying yesterday { ... but I believe the 20 will cross below the 50 tomorrow, or maybe the next day. }
Yesterday the oscillators I watch had very marginal improvement in RSI, momentum and Williams %R. Weakening occurred in accumulation/distribution, MFI (untrusted by me) and full stochastic. ADX-related began to flatten. Everything was below neutral. Still oversold was RSI, Williams %R and full stochastic. MFI was barely above oversold.
Today had weakening in accumulation/distribution, RSI (entered oversold), MFI (just above oversold - untrusted by me), momentum, Williams %R (still deeply oversold), full stochastic (still deeply oversold), and ADX-related. Nothing is above neutral.
The experimental 13-period Bollinger limits, $0.6604 and $0.7983 ($0.6756 and $0.7998 yesterday), continued diverging as both limits declined, the lower faster than the upper. The mid-point is falling.
All in, yesterday I said { We got the reducing volume and still can't see a definite suggestion that the bottom is in even though the low was up 2/10ths of a cent. If we factor in the oscillators going from all weakening to mixed we might be tempted to stick our neck out and say the bottom is in but today was Friday and we have to give less credence to those suggestions than we would on other days. }
Well, the positive suggestions of conventional TA oscillators et al didn't work out and we did weaken today. Near-term I don't see any strengthening yet and my best case scenario is entering consolidation with a mild negative bias evident.
Percentages for daily short sales and buys moved in the same direction, a normal and "good" thing, but both metrics are well away from their desired ranges, with the sort percentage being below what I think is normal (needs re-check) and the buy percentage continuing to wallow in the mud offering no hope of near-term appreciation.
The spread is too wide to think that price movement is unlikely. Adding in the trend, it suggests more near-term weakness is most likely.
The VWAP's rolling average of the last twenty-four movements, after holding steady for three days at 15 negatives and 9 positives, deteriorated to 16 and 8 respectively. Change since 04/03 is -$0.1193, -15.15%, and the averages of the rolling 24-day period seen in the last few days (latest first) are now -0.6491%, -0.4703%, -0.5319%, -0.4198%, -0.2739%, -0.1888%, -0.1311%, 0.1088%, 0.0842%, and -0.2035%.
The VWAP has dropped for seven consecutive days now.
All in, there are no signs here of positive near-term movements. Best case would be entering consolidation but even that would have a mild negative bias.
Bill
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