Sunday, July 02, 2017 9:14:31 PM
Buy:sell, daily shorts & pps 06/28 2017 EOD
Trying to ignore my disgust at what is being done here is difficult. Regardless, everything suggests near-term improvement is most likely. If this continues just a little while longer the price and volume alert notifications will start popping up and draw in various short-term traders and maybe some retail investors too. I doubt we'll see any increase in institutional holders or holdings as the fundamentals still are floated on a lot of unrealized optimistic projections which have almost never been realized.
Today was essentially one long flattish, narrow range after the usual open high, drop and recover, today to set the day's high around 10:30. There were the usual one-minute volume spikes and price excursions, but they were always followed by return to trend. The only variation came in the last hour, which had a small move lower in range and, more specifically, in the last 15 minutes which had a wide range on generally higher volume that resulted in a close below the open, for the second consecutive day, by 2.4 cents today.
There was 1 pre-market trade sell of for 100 $0.6401.
B/a just before open was 100:10 $0.6401/$0.6790.
09:30-10:30 opened the day with a 175 buy for $0.70 & $0.70 x 80, $0.6999 x 80. B/a just after open was 300:6.6K $0.67/$0.70. Then came 9:34's 10 $0.6701, 9:37's 363 $0.67, 9:39's 100 $0.70, 9:45's b/a 100:12K $0.66/$0.70, 9:53's 900 $0.6502/0/$0.6678 (400), 9:56's b/a 9.7K:300 $0.65/9, 10:00's 350 $0.6901, 10:16's 500 $0.6917,10:17's b/a 500:11.9K $0.6916/$0.70, 10:20's 300 $0.6999, 10:23's 12K $0.70, 10:24's 1K $0.7015. The period ended on 10:30's 200 $0.6933/$0.71.
10:31-15:45, after three no-trades minutes, began extremely low/no-volume $0.68/$0.709, with very slowly rising lows, on 10:34's 5K $0.7067 and 10:35's 100 $0.71. B/a at 10:37 was 200:14K $0.68/$0.71, 10:47 100:58 $0.68/$0.70 (offers backed by presented $0.7066 x 3, $0.71 x 24K), 11:05 200:100 $0.6901/$0.7066, 11:19 1.8K:100 $0.67/$0.7090, 11:29 294:100 $0.68/$0.7090, 11:47 294:100 $0.68/$0.7090. Volume was interrupted by 12:00's 5.1K $0.7050/90. B/a at 12:02 was 100:5.1K $0.69/$0.7090. Price and volume were interrupted by 12:40's 725 $0.65/$0.6906 (500)/$0.70 (100). B/a at 12:41 was 200:1.9K $0.68/$0.70, 12:49 100:1.9K $0.68/$0.70, 13:02 100:1.8K $0.68/$0.70, 13:17 300:6.7K $0.68/$0.70, 13:32 100:7.1K $0.68/$0.70. Volume was interrupted by 13:41's 6.3K $0.6899 (3K)/$0.70 (3.3K). B/a at 13:47 was 100:5.5K $0.68/$0.70, 14:02 300:5.5K $0.68/$0.70, 14:17 100:4K $0.68/$0.6970, 14:32 100:4K $0.68/$0.6970, 14:49 200:3.8K $0.68/$0.6970. Price was interrupted by 14:56's 300 $0.6839. B/a at 15:02 was 300:3.8K $0.68/$0.6970, 15:19 200:3.8K $0.68/$0.6970, 15:32 985:3.8K $0.68/$0.6970. The period ended on 15:45's 3.1K $0.6960/52/61/56/61/54 60 (600)/52/50/61/51/$0.6970.
15:46-16:00, after one no-trades minute, began mostly medium and low-volume normal EOD volatility with a wide range of $0.665/$0.697, with a falling high, on 15:47's 2.3K $0.69 (500)/$0.6800 (865)/99 (500)/$0.69/$0.6897/$0.69. B/a at 15:48 was 985:3.6K $0.68/$0.6970. The period ended on 16:00's 225 $0.6760.
There were no AH trades.
Excluding the opening and closing trades (didn't qualify), there were 5 larger trades (>=5K) totaling 26,786, 31.10% of day's volume, with a $0.7016 VWAP. For the day's volume - what there was of it - I guess the count is alright. The percentage of day's volume is in the normal range. The VWAP id much higher than the day's $0.6935. My best guess, when I look at the buy percentage below, is day traders and/or retailers were taking this volume.
N.B.If allowed, the pre-market $0.6401 x 100 would be day's low, making the following low movement 2.33%.
On the traditional TA front, movements were:
On my minimal chart the trade range was about 50% above and below the descending channel's (descending blue lines) resistance (upper line), ~$0.68, and the close of $0.676 was below both that and the open of $0.70. This leaves us still considered trading in, and constrained by, the channel resistance, which we confirmed breaking into yesterday.
The fast EMA, $0.6680, continued the rise begun yesterday and is about a 3/4ths penny below below the now also rising slow EMA, $0.6755.
On my one-year chart, today's trade was no longer completely below the falling 10-day's $0.6912 (was $0.6917) and the falling 50-day SMA's $0.6865 (was $0.6891). Today topped barely above, and traded mostly below, the 10, 50 and the now-rising 20-day SMA at $0.6786 (was $0.6761).
It still appears the 20-day SMA, $0.6819, will cross above (erroneously said "below" yesterday) the 50-day, $0.6842, in one more day. The 10-day, $0.6768, continues to fall and is below the 50.
Yesterday the oscillators I watch had improvement in accumulation/distribution, RSI, momentum, Williams %R (exited oversold), full stochastic and ADX-related. Weakening occurred in MFI (entered oversold and untrusted by me).
Today had weakening in accumulation/distribution. Everything else improved. RSI was right at neutral and everything else is below neutral, with MFI (untrusted by me) barely above oversold.
The experimental 13-period Bollinger limits, $0.6201 and $0.7622 ($0.6237 and $0.7629 yesterday), continued diverging with yesterday's slightly falling mid-point continuing to slightly decline.
All in, similar to yesterday, today only the lower volume suggests no strength in the move up and the oscillators and intra-day breakdown continue to strongly suggest near-term upside is most likely. The intra-day breakdown buy percentages and VWAP movements also suggest continuation of the apparent leg up.
Percentages for daily short sales and buys moved in the same direction again, good, and the short percentage is just inside the top of my desired range (needs re-check) while the buy percentage has become ridiculous. Normally I would suggest that the latter item would have to shortly return to a more normal range but with what's going on here, why would they?
The spread continues to widen, but keep in mind that if we use the official low of $0.65 it would have narrowed to 9.23%. That's still plenty wide enough to continue suggesting movement. With the current readings and what I feel is going on, that would be up.
The VWAP continued improving, moving us from three positives in ten days to four positives in eleven days.
The VWAP's rolling average of the last twenty-four movements held steady at 13 negatives and 11 positives for the second consecutive day. Change since 05/24 is $0.0514, 8.00%, and the averages of the rolling 24-day period seen in the last few days (latest first) are now 0.3592%, 0.2367%, 0.1251%, 0.1050%, 0.2012%, 0.0999%, 0.2079%, 0.2379%, 0.2486%, and 0.2622%.
All in, the 24-period averages, along with the day-to-day VWAP changes, are now in a trend in the right direction. The short and buy percentages are indicating near-term improvement as most likely and the spread suggests movement is likely.
Bill
Trying to ignore my disgust at what is being done here is difficult. Regardless, everything suggests near-term improvement is most likely. If this continues just a little while longer the price and volume alert notifications will start popping up and draw in various short-term traders and maybe some retail investors too. I doubt we'll see any increase in institutional holders or holdings as the fundamentals still are floated on a lot of unrealized optimistic projections which have almost never been realized.
Today was essentially one long flattish, narrow range after the usual open high, drop and recover, today to set the day's high around 10:30. There were the usual one-minute volume spikes and price excursions, but they were always followed by return to trend. The only variation came in the last hour, which had a small move lower in range and, more specifically, in the last 15 minutes which had a wide range on generally higher volume that resulted in a close below the open, for the second consecutive day, by 2.4 cents today.
There was 1 pre-market trade sell of for 100 $0.6401.
B/a just before open was 100:10 $0.6401/$0.6790.
09:30-10:30 opened the day with a 175 buy for $0.70 & $0.70 x 80, $0.6999 x 80. B/a just after open was 300:6.6K $0.67/$0.70. Then came 9:34's 10 $0.6701, 9:37's 363 $0.67, 9:39's 100 $0.70, 9:45's b/a 100:12K $0.66/$0.70, 9:53's 900 $0.6502/0/$0.6678 (400), 9:56's b/a 9.7K:300 $0.65/9, 10:00's 350 $0.6901, 10:16's 500 $0.6917,10:17's b/a 500:11.9K $0.6916/$0.70, 10:20's 300 $0.6999, 10:23's 12K $0.70, 10:24's 1K $0.7015. The period ended on 10:30's 200 $0.6933/$0.71.
10:31-15:45, after three no-trades minutes, began extremely low/no-volume $0.68/$0.709, with very slowly rising lows, on 10:34's 5K $0.7067 and 10:35's 100 $0.71. B/a at 10:37 was 200:14K $0.68/$0.71, 10:47 100:58 $0.68/$0.70 (offers backed by presented $0.7066 x 3, $0.71 x 24K), 11:05 200:100 $0.6901/$0.7066, 11:19 1.8K:100 $0.67/$0.7090, 11:29 294:100 $0.68/$0.7090, 11:47 294:100 $0.68/$0.7090. Volume was interrupted by 12:00's 5.1K $0.7050/90. B/a at 12:02 was 100:5.1K $0.69/$0.7090. Price and volume were interrupted by 12:40's 725 $0.65/$0.6906 (500)/$0.70 (100). B/a at 12:41 was 200:1.9K $0.68/$0.70, 12:49 100:1.9K $0.68/$0.70, 13:02 100:1.8K $0.68/$0.70, 13:17 300:6.7K $0.68/$0.70, 13:32 100:7.1K $0.68/$0.70. Volume was interrupted by 13:41's 6.3K $0.6899 (3K)/$0.70 (3.3K). B/a at 13:47 was 100:5.5K $0.68/$0.70, 14:02 300:5.5K $0.68/$0.70, 14:17 100:4K $0.68/$0.6970, 14:32 100:4K $0.68/$0.6970, 14:49 200:3.8K $0.68/$0.6970. Price was interrupted by 14:56's 300 $0.6839. B/a at 15:02 was 300:3.8K $0.68/$0.6970, 15:19 200:3.8K $0.68/$0.6970, 15:32 985:3.8K $0.68/$0.6970. The period ended on 15:45's 3.1K $0.6960/52/61/56/61/54 60 (600)/52/50/61/51/$0.6970.
15:46-16:00, after one no-trades minute, began mostly medium and low-volume normal EOD volatility with a wide range of $0.665/$0.697, with a falling high, on 15:47's 2.3K $0.69 (500)/$0.6800 (865)/99 (500)/$0.69/$0.6897/$0.69. B/a at 15:48 was 985:3.6K $0.68/$0.6970. The period ended on 16:00's 225 $0.6760.
There were no AH trades.
Excluding the opening and closing trades (didn't qualify), there were 5 larger trades (>=5K) totaling 26,786, 31.10% of day's volume, with a $0.7016 VWAP. For the day's volume - what there was of it - I guess the count is alright. The percentage of day's volume is in the normal range. The VWAP id much higher than the day's $0.6935. My best guess, when I look at the buy percentage below, is day traders and/or retailers were taking this volume.
With today's volume and the apparent unidirectional trading, based on buy percentage, there's not much I can say about this.Ending Period Period Period __Per. Trade_ Period_ % Day_ Per. End
Period Volume Low High _Dollar Val._ VWAP___ Volume Buy ~%
10:30 15811 $0.6401 $0.7100 $11,011.87 $0.6965 18.36% 86.72% Incl 10:23 $0.7000 6,343 5,443
15:45 50556 $0.6500 $0.7100 $35,310.68 $0.6984 58.70% 85.22% Incl 5,000 10:34 $0.7067 12:00 $0.7050
5,000 15:06 $0.6970
16:00 18586 $0.6650 $0.6970 $12,592.85 $0.6775 21.58% 69.39%
N.B.If allowed, the pre-market $0.6401 x 100 would be day's low, making the following low movement 2.33%.
On the traditional TA front, movements were:
The leg up begun yesterday on low volume continues on even lower volume today. I guess we'll hit $1 if we can get volume down near zero, which seems not that far away now. This manipulation is completely disgusting. If there's any retail folks buying this I really feel badly for them.__Open_ ___Low_ __High_ _Close_ Volume_
Today 4.17% 3.92% 2.90% 0.88% -37.71%
Prior -0.59% 0.08% 2.07% 5.11% -26.81%
On my minimal chart the trade range was about 50% above and below the descending channel's (descending blue lines) resistance (upper line), ~$0.68, and the close of $0.676 was below both that and the open of $0.70. This leaves us still considered trading in, and constrained by, the channel resistance, which we confirmed breaking into yesterday.
The fast EMA, $0.6680, continued the rise begun yesterday and is about a 3/4ths penny below below the now also rising slow EMA, $0.6755.
On my one-year chart, today's trade was no longer completely below the falling 10-day's $0.6912 (was $0.6917) and the falling 50-day SMA's $0.6865 (was $0.6891). Today topped barely above, and traded mostly below, the 10, 50 and the now-rising 20-day SMA at $0.6786 (was $0.6761).
It still appears the 20-day SMA, $0.6819, will cross above (erroneously said "below" yesterday) the 50-day, $0.6842, in one more day. The 10-day, $0.6768, continues to fall and is below the 50.
Yesterday the oscillators I watch had improvement in accumulation/distribution, RSI, momentum, Williams %R (exited oversold), full stochastic and ADX-related. Weakening occurred in MFI (entered oversold and untrusted by me).
Today had weakening in accumulation/distribution. Everything else improved. RSI was right at neutral and everything else is below neutral, with MFI (untrusted by me) barely above oversold.
The experimental 13-period Bollinger limits, $0.6201 and $0.7622 ($0.6237 and $0.7629 yesterday), continued diverging with yesterday's slightly falling mid-point continuing to slightly decline.
All in, similar to yesterday, today only the lower volume suggests no strength in the move up and the oscillators and intra-day breakdown continue to strongly suggest near-term upside is most likely. The intra-day breakdown buy percentages and VWAP movements also suggest continuation of the apparent leg up.
Percentages for daily short sales and buys moved in the same direction again, good, and the short percentage is just inside the top of my desired range (needs re-check) while the buy percentage has become ridiculous. Normally I would suggest that the latter item would have to shortly return to a more normal range but with what's going on here, why would they?
The spread continues to widen, but keep in mind that if we use the official low of $0.65 it would have narrowed to 9.23%. That's still plenty wide enough to continue suggesting movement. With the current readings and what I feel is going on, that would be up.
The VWAP continued improving, moving us from three positives in ten days to four positives in eleven days.
The VWAP's rolling average of the last twenty-four movements held steady at 13 negatives and 11 positives for the second consecutive day. Change since 05/24 is $0.0514, 8.00%, and the averages of the rolling 24-day period seen in the last few days (latest first) are now 0.3592%, 0.2367%, 0.1251%, 0.1050%, 0.2012%, 0.0999%, 0.2079%, 0.2379%, 0.2486%, and 0.2622%.
All in, the 24-period averages, along with the day-to-day VWAP changes, are now in a trend in the right direction. The short and buy percentages are indicating near-term improvement as most likely and the spread suggests movement is likely.
Bill
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