Buy:sell, daily shorts & pps 05/-9 2016 EOD
Nothing positive to report and a whole lot of negative seems our near-term future.
After the market closed there was a PR about a Poison Pill by another name change.
Today was again a bit unusual in that we opened high, as with yesterday, but this time plunged immediately to the first intra-day low of $1.37 (exactly on the minimal chart's rising potential support, orange line) by 9:33 instead of taking a bump up and then falling. After some $1.39/40 no/low-volume minutes, we got the next intra-day low of $1.36 by 9:52. By 9:58 we recovered to start mostly no/low-volume $1.37/$1.40 through 10:54. Then a longish fall on mixed volume, including 11:01-:03's ~50% of day's prior volume, to new a low of $1.34 at 11:12 led to mostly no and low volume, with some interruptions of high volume, $1.34/6 through ~11:20.
Range move to $1.35/6 and very low/no-volume there went through 11:50, moved back to $1.34/5 and dropped to a new intra-day low of $1.33 at 12:06. By 12:22 range recovered to do a long stint of mostly no/low-volume $1.34/5 through ~14:05. 14:06-:15 did a quick low/no-volume bump up to $1.40, and a quick higher-volume drop back to $1.35 by 14:24. 14:39 did 61.4K did $1.35/7. 14:47-15:19 did a low/no-volume sideways $1.34/6 and 15:20-:45 did low/no-volume $1.35/6. 15:46-16:00 did the usual EOD volatility with a bump up to $1.39 by 15:50, a fall down to $1.36 through 15:59 and closed 2 cents up from there on a 1,665 buy for $1.38.
There were no pre-market trades.
09:30-09:47 opened the day with a 2,365 buy for $1.45 and traded another 1,030 shares as low as $1.42. Next was 9:33's ~3K $1.41->$1.37 (exactly on the minimal chart's rising potential support, orange line), and 9:35's ~2.4K $1.39/$1.40 introduced 9:38-09:47's low/medium-volume $1.39/$1.40 which ended the period on 09:47's $1.39/$1.40.
09:48-10:54 stepped down on 9:48's ~2.4K $1.39->$1.38, 9:49-:50's ~7K $1.39->$1.38->$1.37, and ceased the fall on 9:52's ~2.8K $1.36. Then 9:53-9:55's ~15K $1.36->$1.38 began a no/low-volume $1.37/8 through 10:02's 1K $1.37. After two no-trades minutes 10:05's 10.5K $1.38 began 10:06-10:16's very low/no-volume $1.38/9, 10:17 began very low/no-volume on 200 $1.39/40 ended by 10:22's ~7.7K $1.39->$1.37. 10:23's 1.1K $1.38/9 started a mostly no (e.g. no trades 10:24-:30), some low, volume $1.38/$1.395 through 10:46. 10:47-:48's 11.3K $1.39->$1.37 began $1.37/8 very low/no-volume and ended the period on 10:54's 200 $1.38.
10:55-11:11, after a no-trades minute, began a very low/no-volume $1.36/$1.37 with 10:56's 1.6K $1.37->$1.36 (matching the low). The low volume was interrupted by 11:01-:03's ~46.6K (near 1/3rd of day's volume through then, meaning ~1/2 of all prior volume) $1.36->$1.37->$1.36. The period ended on 11:11's 283 $1.37.
11:12-12:04 moved range lower on 11:12's ~17.7K $1.36->$1.37->$1.34 (new low) to do low and high volume (totaling ~26.8K) $1.34/6 11:14-:17. Then low/no-volume $1.34/5 commenced, moved to $1.35/6 at 11:22, dropped back to $1.34/5 at 11:51 and ended the period on 12:04's 8.4K $1.34/5.
12:05-14:05, after a no-trades minute, did 12:06's 231 $1.3310 (new low), did a couple low-volume minutes there, did 12:13's ~3.2K $1.34->$1.32->$1.33 (new low $1.32), did 12:14-:17's ~19.4K $1.33->$1.34->$1.35->$1.36, 12:18's 100 $1.35, 12:19's 27.9K $1.35/6, and 12:20-14:05's very low/no-volume $1.34/5 and ended the period on 14:05's ~1.3K $1.34/5. 12:20-14:05's pattern was interrupted by 13:26's ~51.1K and 13:40's 4.2K, both $1.35/6.
14:06-14:44 began a typical late-day low-volume climb up on 14:06's 200 $1.36, did 14:09's 600 $1.37/8, 14:15's 600 $1.38/40. Everything between was mostly no, some low, volume. 14:22-24's ~10.1K $1.39->$1.37->$1.35 brought range back to just above where it was before and began low-volume $1.35/6, interrupted by 41:39's 61.4K $1.35/7, and ended on 14:44's 2K $1.35/6.
14:45-15:19, after a no-trades three minutes, began low/no-volume $1.34/$1.35 after 14:48-:49's ~4.2K $1.34. 14:59 and 15:02 touched $1.36 on low volume but didn't move the range. 15:19's 600 $1.35 ended the period.
15:20-15:45 began low/no-volume $1.35/6 and ended on 15:45's 700 $1.36.
15:46-16:00 began the EOD volatility (and typical rise now due to you-know-what) on 15:46's 300 $1.38, hit $1.39 on 15:50's ~1.3K $1.37/9, fell back to $1.37 on 15:51-:52's ~7.6K $1.38->$1.37 and 15:56's 2K $1.37->$1.36, and did $1.36/7 through 15:59 and ended the period and day on a 1,665 buy for $1.38.
There were no AH trades.
Excluding the opening and closing trades (didn't qualify), there were 16 larger trades (>=5K) totaling 194,950, 35.03% of day's volume, with a $1.3594 VWAP. Without the 59.5K & 43.6K block trades, the percent of day's (adjusted) volume would be 20.26% and VWAP would be $1.3569.
Without the 59.5K & 43.6K block trades the day's VWAP would be $1.3598 instead of the $1.3602 we got. Ending Period Period Period __Per. Trade_ Period_ % Day_ Per. End
Period Volume Low High _Dollar Val._ VWAP___ Volume Buy ~%
09:47 18042 $1.3700 $1.4500 $25,351.90 $1.4052 3.24% 58.70%
10:54 79643 $1.3600 $1.4000 $109,789.08 $1.3785 14.31% 31.42% Incl 10:39 1.3801 4,800
11:11 57377 $1.3600 $1.3700 $78,341.98 $1.3654 10.31% 36.85% Incl 11:01 1.3600 4,200 5,800 1.3601 4,200
11:02 1.3699 7,200 1.3700 7,200
12:04 83245 $1.3400 $1.3650 $112,316.91 $1.3492 14.96% 35.93% Incl 11:12 1.3600 5,800 11:16 1.3500 13,064
14:05 155133 $1.3200 $1.3600 $209,015.33 $1.3473 27.88% 32.16% Incl 12:16 1.3300 4,200 12:19 1.3500 10,100 9,100
13:26 1.3500 43,599 13:56 1.3401 5,000
14:44 86237 $1.3500 $1.4000 $117,859.42 $1.3667 15.50% 39.53% Incl 14:22 1.3601 6,187 14:39 1.3700 59,500
15:19 27182 $1.3400 $1.3550 $36,609.89 $1.3468 4.88% 40.27%
15:45 15447 $1.3500 $1.3600 $20,959.47 $1.3569 2.78% 40.97%
16:00 30710 $1.3550 $1.3900 $41,943.00 $1.3658 5.52% 41.81% Incl 15:52 1.3653 5,000
On the traditional TA front, movements were: __Open_ ___Low_ __High_ _Close_ Volume_
Today 0.69% -2.22% -2.03% -4.17% 36.77%
Prior -2.04% -3.57% -3.90% -1.37% 28.26%
On my minimal chart the big deal is closing below the rising support (rising orange line) on rising volume. Close below tomorrow would confirm a break down. Even if we remove the two exceptional block trades we still have 453,379 shares traded, 11.43% above yesterday's volume. We ar now in an area where the start of a head & shoulders pattern could begin to develop. It would be a bit raggedy though as we wouldn't have as much symmetry as is desirable. Regardless, there would be a very short-term trade opportunity presented if it does begin to develop. It would certainly be high-risk IMO.
With a higher open but lower low, high and close on higher volume added in it does look like we'd see more near-term downside before the right shoulder could begin to for and if I was to do a short-term trade I'd wait at least for indications that the shoulder was beginning to form and had some upside available.
The only confirmed support below us right now is down in the $1.15/6 area.
On this chart, nothing bullish or suggesting a reversal other than the possibility of starting an H & S right shoulder, and that wouldn't really be bullish over a slightly longer period.
On my one-year chart the 10-day SMA continues to decline and will now begin to accelerate lower unless a rise in trading range is seen, which is possible if we are going to begin forming the right shoulder of an H & S pattern. Regarding the 20-day SMA I said { Price did decline and the "few days" is reduced to one day, at most, if price range declines as I expect. }. Well we got the decline, a bit larger than expected thanks to the bonus of a much lower trading range. Sans a move up the decline will immediately begin to accelerate.
The 50-day SMA rate of rise should continue a slow rise - now down to 4-5 days at best - unless our price range tanks big-time. If price should rise big time - ROTFLMAO - the 50 will continue to rise.
The oscillators I watch switched from mixed yesterday to all but MFI (untrusted by me) weakening. MFI actually improved marginally. Oversold is indicated on MFI and Williams %R. Full stochastic exit that condition, but only marginally and is unlikely to be able to remain out of oversold I think. everything remains well below neutral.
The 13-period Bollinger limits, $1.3295 and $1.8459 ($1.3605 and $1.8871 yesterday) stopped converging and both limits visually are parallel downward not. You know what that means for the mid-point - going lower which suggests lower upside potential down the road.
All in, nothing to say but "crapola!". Nothing positive here and on increasing volume it's definitely a lot of negative here.
Percentages for daily short sales and buys moved in the same direction, something normal for a change, but both readings far from where they need to be for sustained appreciation. Add in that buy percentage is moving in the wrong direction.
The spread is way too wide and was produced in the usual fashion with multiple intra-day new lows. This suggest more near-term downside.
VWAP movement has now given us eleven negative moves in the last fourteen readings.
All in, continued doom and gloom seem the most likely near-term scenario.
As always, much is experimental and should be treated as such.
Bill
News 
Market Data 
Discover 
