This is disturbing. Not so much for the market, but for the reliability of the indicator.
https://schrts.co/aYRTQmyh
Posted 02 February 2021 - 11:40 AM
This is disturbing. Not so much for the market, but for the reliability of the indicator.
https://schrts.co/aYRTQmyh
Mark S Young
Wall Street Sentiment
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Posted 02 February 2021 - 11:54 AM
As expected from this end...but better to wait for EOD for better analysis.
Fib
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“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
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Posted 02 February 2021 - 01:14 PM
Something's very strange about the volume data at stockcharts.com until sometimes very late the next day. According to them the declining and advancing volumes are about equal today. A day in which the DJIA is up 600 points and has been up all day. I just don't believe it. $TRIN = ($NYADV/$NYDEC)/($NYUPV/$NYDNV). Note that the advance/declines in the plot below is still high, pretty much unchanged from yesterday, but the advancing volume/declining volume has dropped sharply to about even. That has made $TRIN jump up today.
Regards,
Douglas
Posted 02 February 2021 - 01:53 PM
1) Something's very strange about the volume data at stockcharts.com until sometimes very late the next day.
2) According to them the declining and advancing volumes are about equal today.
3) A day in which the DJIA is up 600 points and has been up all day.
4) I just don't believe it.
1) This has been going on for a while now since they changed their data source...NAUD has been good though, NYUD might be corrected the next day as are the Canadian issues.
2) They are by 3 other sources as well.
3) It's only an index of 30 issues as opposed to the broader market of both the NYSE and NASDAQ
4) It is what it is until it isn't...just be happy that this kind of data is still available since the NYSE makes almost impossible to get it these days.
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
Technical Watch Subscriptions
Posted 02 February 2021 - 01:57 PM
Looking at the meme stocks that were 'pumped by WSB'(PLTR, BB, GME, AMC, NOK, SLV etc.), you'd think we were in the middle of a 7%+ down day on an index.
Edited by brucekeller, 02 February 2021 - 01:58 PM.
Posted 02 February 2021 - 07:51 PM
Something's very strange about the volume data at stockcharts.com until sometimes very late the next day. According to them the declining and advancing volumes are about equal today. A day in which the DJIA is up 600 points and has been up all day. I just don't believe it. $TRIN = ($NYADV/$NYDEC)/($NYUPV/$NYDNV). Note that the advance/declines in the plot below is still high, pretty much unchanged from yesterday, but the advancing volume/declining volume has dropped sharply to about even. That has made $TRIN jump up today.
Regards,
Douglas
Data especially advance and decline volumes were unsable due to the meme's last week, think about it, when GME trades by itself a billion shares a day.
Edited by slupert, 02 February 2021 - 07:54 PM.
Posted 02 February 2021 - 08:57 PM
Something's very strange about the volume data at stockcharts.com until sometimes very late the next day. According to them the declining and advancing volumes are about equal today. A day in which the DJIA is up 600 points and has been up all day. I just don't believe it. $TRIN = ($NYADV/$NYDEC)/($NYUPV/$NYDNV). Note that the advance/declines in the plot below is still high, pretty much unchanged from yesterday, but the advancing volume/declining volume has dropped sharply to about even. That has made $TRIN jump up today.
Regards,
Douglas
Data especially advance and decline volumes were unsable due to the meme's last week, think about it, when GME trades by itself a billion shares a day.
now ur talking.......one big volume stock is all it takes.......up down volumn is worthless......
Posted 02 February 2021 - 09:56 PM
Posted 03 February 2021 - 09:51 AM
Is it possible to get up and down volume on a single stock or ETF like IBB?
Thanks, gis
I don't know how you could do it exactly but; OBV can really be affected y say, a big down day, now look at the accum. distr.. indicator, might not have moved or moved much at all, accum/distr. I believe is the best, but for a ST move, cross reference with OBV. (JMHO)
Posted 03 February 2021 - 11:15 AM