介么小的gap down,会补的啦,另外,这也意味着今天可能很boring。
http://cobrasmarketview.blogspot.com/2009/08/08262009-pre-market-briefing.html,老trader朋友给俺的信,有兴趣地可以看看。俺agree,学会等待是好的trader的基本素质。
Chart A: Daily Volume trending on the SPY
Some of the Institutional investors were concerned about the dropping volume as the market rallied. This first chart below, show's the SPY and its volume with a 14 day simple moving average. During this bear market, there were 6 occasions where the volume's 14 SMA moved down and then broke a resistance line to the upside. On all 6 occasions, the SPY went lower afterwards.
Today: As you can see on the chart, the SPY started trending up in March, and its 14 day SMA shows that the volume subsequently trended down. Yesterday, the SPY's Volume was slightly ABOVE its resistance line again (a caution) ... but note that it is not rising or falling, but going sideways. (The SPY's Volume is NOT shooting up like past instances and is meandering sideways. This is not the same profile of the past conditions yet.) The NYA Down Volume was below its blue resistance line, so this remains a positive condition under duress due to the sideways trending of the SPY's Volume.
Chart B: Liquidity Inflows and Outflows
Liquidity inflows are critical to the market's action. If indicators are weakening while Liquidity is flowing in, then the liquidity inflow will take precedence and hold the market up. Liquidity inflows had a slight down tick again while in extreme high territory.
Chart C: Institutional Accumulation/Distribution
The Institutional Investors were in Accumulation with the Buy/Sell spread decreasing ever so slightly. Institutional buying decreased slightly, and Institutional selling increased slightly.
*** Conclusion on above charts: Conditions are net positive. The major indexes are starting to show the possibility of MACD negative divergences building which will increase risks levels.
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