Let's Take a Test Drive by Pay$ense

Discussion in 'Journals' started by paysense, Dec 9, 2008.

  1. weeklyanalysis11272010

    Euro-zone fears and worries over the financial sector pressured stocks, but they fought back to a mixed finish Monday.
    The Nasdaq rose 0.6% after having been down as much as 0.7%. It found support near the 2500 level. The NYSE composite fell 0.4%, while the Dow and S&P 500 lost 0.2% each. All three were down between 1.3% and 1.5% at session lows. Volume fell on both exchanges.
    A number of leaders had a nice day. About 78 stocks in the IBD 100 ended higher.

    Worries over the euro zone and a brief artillery exchange between North and South Korea, 60 years after the two countries went to war, sent stocks deeper into a correction Tuesday. Unlike the past three sessions where stocks rebounded to close near their intraday highs, there was no such comeback Tuesday.
    The NYSE composite dropped 1.8% and closed below its 50-day moving average for the first time since Aug. 31, the day before the market's most recent follow-through. The Dow fell 1.3%, closing a tad above its 50-day line. The Nasdaq and S&P 500 lost 1.5% and 1.4%, respectively. Volume rose across the board.

    Stocks logged big gains Wednesday as investors set aside global fears and focused on better-than-expected jobless claims and sentiment data.
    The Nasdaq rallied 1.9% and the S&P 500 1.5%. The Dow and NYSE composite gained 1.4% each. Despite the big moves, volume fell sharply across the board.
    Some retailers again showed nice gains. The S&P retail index tacked on 2.6% and neared a seven-month high.

    U.S. Markets were closed in observance of the Thanksgiving Day holiday.

    Stocks fell in light, post-holiday trading Friday as euro-zone debt worries and Korean tensions resurfaced.
    The NYSE composite slid 1%, the Dow 0.9%, the S&P 500 0.7% and the Nasdaq 0.3%. Volume dropped sharply on both exchanges as the market closed three hours early.
    For the week, the major indexes finished mixed. The Nasdaq was the only gainer, rising 0.7%. The NYSE composite dropped 1.8%, the Dow 1%, the S&P 500 0.9%.

    weeklyobservations11272010
    (reverse chrono)

    -
    -F
    Indexes close down in mixed volume during a shortened trading session.
    Leadership accumulation, muted.
    Stocks recover majority of losses, but still end in distribution.
    Trade jumped from Friday's anemic levels - but was not quite above average.
    -W
    NASDAQ-100 vaults 50 points in lower trade.
    Nasdaq at 2535 resistance.
    Stocks logged big gains Wednesday as investors set aside global fears and focused on better-than-expected jobless claims and sentiment data. The Nasdaq rallied 1.9% and the S&P 500 1.5%. The Dow and NYSE composite gained 1.4% each. Despite the big moves, volume fell sharply across the board. Some retailers again showed nice gains.
    -Tu
    Korean conflict ignites gap lower for stocks.
    Market falls substantially in mixed (NYSE +) volume.
    Stocks end much lower in elevated trade.
    IBD 100 falls 1.6%.
    -M
    Stocks open much lower, but suddenly move back up to 1200 resistance level.
    then plunged sharply to much lower new levels.
    Stocks then fight to a mixed finish, considering Euro worries.
    Trade lessened and fell below average.
    IBD 100 surges 1.7%.

    weeklyanalysis11202010

    The major indexes finished mostly lower Monday after climbing out of the gate on merger news.
    The Dow rose 0.1%, while the Nasdaq shed 0.2% and the NYSE and S&P 500 lost 0.1%. Volume was down across the board, according to preliminary data.

    The major indexes tumbled in a broad sell-off Tuesday, as concerns about a slowdown in China and Ireland's debt problems appeared to weigh on the market.
    The NYSE shed 1.9%, while the Nasdaq fell 1.8%. The S&P 500 and Dow each lost 1.6%. Volume climbed across the board, and all four major indexes picked up a distribution day.
    Nearly all of IBD's 197 industry groups lost ground. Solar stocks and specialty steel firms were hit the hardest as commodities took many of the punches.

    Stocks tried to bounce back from the prior session's beating Wednesday, but they had to settle for a narrowly mixed finish.
    The Nasdaq and NYSE composite rose 0.2% each, while the S&P 500 ticked up a fraction. All three rose for the first time in five sessions. The Dow slipped 0.1% but again closed just above its 50-day moving average. Volume dropped sharply from Tuesday's pace, suggesting no support from institutions after Tuesday's sell-off.
    Some retailers showed strength.

    Stocks surged and added to recent rebound efforts Thursday, thanks to easing fears over Ireland's sovereign debt and a round of mostly upbeat economic data. The market fell into a correction Wednesday.
    The NYSE composite climbed 1.8%, while the Dow and Nasdaq gained 1.6% each. Meanwhile, the S&P 500 climbed 1.5%. Intraday, the benchmark S&P index bumped into resistance at 1200. Volume jumped on both major exchanges.

    Stocks shrugged off overseas news to end slightly higher Friday. China raised bank reserve requirements for a second time in efforts to cool inflation.
    The S&P 500 rose 0.3%, closing just a hair under resistance at the 1200 level. The NYSE composite also gained 0.3%, while the Dow climbed 0.2% and the Nasdaq 0.1%. Volume dropped sharply across the board.
    For the week, the NYSE composite rose 0.2% and Dow 0.1%. The S&P 500 rose a fraction and the Nasdaq eased a fraction. Despite this, all four found support at their 10-week moving averages.
    Leaders put in a strong performance.

    weeklyobservations11202010
    (reverse chrono)

    -
    -F
    Stocks end slightly higher.
    Volume cooled.
    Some leaders participate.
    -Th
    Stocks open w/ a blast higher as dollar slides, attempting to re-take key levels.
    Currently +1.7%
    NYSE trade zooms due to GM IPO (not so much NASDAQ).
    Accumulation huge in the early going, yet waned to "good".
    SPX is stalling at 1200.
    Not much volume into leading stocks.
    Top-rated stocks started strong, but volume faded as the day progressed.
    The IBD 100 advanced 1.8%.
    -W
    Stocks close mixed.
    Volume fell sharply.
    Some leaders accumulated.
    -Tu
    Stocks take a beating on global concerns.
    Volume surged adding distribution across the board.
    Market falls into a correction.
    -M
    Stocks end a volatile session - mixed in lower trade.
    Leadership wanes.

    weeklyanalysis11132010

    Stocks finished narrowly mixed Monday as a higher dollar pressured the broader market. But techs nudged higher. Equities have come a long way since the Sept. 1 follow through. Last week, all four of the major averages hit two-year highs.
    The Nasdaq rose a fraction, while the Nasdaq 100 edged up 0.1%. Meanwhile, the Dow lost 0.3%. The NYSE composite and the S&P 500 slipped 0.2% each. Volume fell sharply on both major exchanges.

    Stocks reversed lower as the dollar rallied Tuesday.
    The NYSE composite slumped 1%, the S&P 500 0.8%, Nasdaq 0.7% and Dow 0.5%. Volume jumped across the board, giving all four of the major indexes a distribution day. Five to six distribution days over a few weeks can derail a rally.
    A distribution day involves a sizable loss in a major index in rising volume. It points to institutional selling.
    A number of leaders sold off in heavy volume Tuesday.

    Stocks reversed higher Wednesday and gained back lost ground after the prior session's distribution. But turnover fell across the board, dampening the significance of the gains.
    The Nasdaq and NYSE gained 0.6% each, while the S&P 500 rose 0.4%. The Dow edged up 0.1% as gains in Chevron (CVX) and 3M (MMM) were offset by a 3% loss in Boeing (BA). Volume fell across the board ahead of Thursday's Veterans Day.

    Cisco Systems' (CSCO) weak outlook and a higher dollar didn't provide a positive backdrop for stocks. Equities bounced back from another bad start, but still ended lower Thursday.
    The Nasdaq dropped 0.9%, up from a 2.1% deficit. The Dow lost 0.7%, the S&P 500 0.4% and the S&P 500 0.3%. NYSE volume fell sharply. Nasdaq trade surged as Cisco traded more than 400 million more shares than it did Wednesday.

    Worries that China might raise its interest rates pressured stocks Friday. Equities also erased the bulk of last week's work.
    The Nasdaq dropped 1.5%, the NYSE composite lost 1.3%, the S&P 500 shed 1.2% and the Dow fell 0.8%. Volume rose on the NYSE, giving the Dow, NYSE composite and S&P 500 a distribution day. The Nasdaq avoided a distribution day as volume fell.
    For the week, the Nasdaq fell 2.4% and NYSE composite 2.3%. The Dow and S&P 500 fell 2.2% each.

    weeklyobservations11132010
    (reverse chrono)

    -
    -F
    Worries that China might raise its interest rates pressured stocks Friday. Equities also erased the bulk of last week's work.
    The Nasdaq dropped 1.5%, the NYSE composite lost 1.3%, the S&P 500 shed 1.2% and the Dow fell 0.8%. Volume rose on the NYSE, giving the Dow, NYSE composite and S&P 500 a distribution day. The Nasdaq avoided a distribution day as volume fell.
    For the week, the Nasdaq fell 2.4% and NYSE composite 2.3%. The Dow and S&P 500 fell 2.2% each.
    On Friday, the Nasdaq finished below its April 23 high.
    Market now "under pressure".
    Big-cap leaders took hit.
    -Th
    Stocks end lower, but well off deep lows.
    Leaders modestly hit.
    NYSE trade lower as Nasdaq distributed.
    -W
    Stocks gain modestly after recouping large losses.
    Volume ended mixed as some leaders rose.
    Cisco report plunges futures after hours.
    -Tu
    Volume spikes as market engages in distribution.
    Dollar gains steam.
    Distribution occurs in above-average volume.
    -M
    Market vacillates in the early going - thus far holding key levels - in much lower trade.
    Leadership scant.
     
    #241     Dec 11, 2010
  2. weeklyanalysis12112010

    Worries over a weak economic recovery and European debt concerns weighed on stocks Monday, but they battled back to a slightly mixed finish.
    The Dow slipped 0.2%, while the NYSE composite and S&P 500 edged down 1% each. But the Nasdaq rose for the fourth straight session, rising 0.1%. Bellwethers Apple (AAPL), Amazon.com (AMZN), Baidu (BIDU) and Google (GOOG) all added gains.

    The major indexes gave up solid gains on Tuesday, as they ended roughly flat or up slightly following a late sell-off.
    The Nasdaq composite and S&P 500 each added 0.1%. Meanwhile, the NYSE composite and Dow both dipped fractionally. Turnover increased across the board, according to preliminary data.

    Most of the major indexes wavered to modest gains Thursday. Only blue chips lagged. Stocks had opened higher on news of a bigger-than-expected drop in weekly jobless claims, but soon faded. They spent the remainder of the session slowly crawling back.
    The NYSE composite and S&P 500 both rose 0.4%. The Nasdaq climbed 0.3%, extending its recent win streak to seven sessions. But the Dow slipped a fraction. Volume rose on Nasdaq and fell on NYSE.

    Most of the major indexes wavered to modest gains Thursday. Only blue chips lagged. Stocks had opened higher on news of a bigger-than-expected drop in weekly jobless claims, but soon faded. They spent the remainder of the session slowly crawling back.
    The NYSE composite and S&P 500 both rose 0.4%. The Nasdaq climbed 0.3%, extending its recent win streak to seven sessions. But the Dow slipped a fraction. Volume rose on Nasdaq and fell on NYSE.

    Stocks extended their winning ways Friday. Two of the four major averages hit multiyear highs, but turnover dropped off across the board.
    The Nasdaq nabbed its eighth straight gain, rising 0.8%. It closed at its highest level since Dec. 31, 2007. Meanwhile, the S&P 500 rose 0.6%, closing at its highest since Sept. 19, 2008. The NYSE composite and Dow climbed 0.5% and 0.4%, respectively. Volume dropped sharply on the Nasdaq and dipped on the NYSE.
    For the week, the Nasdaq gained 1.8%, the S&P 500 1.3%, the NYSE composite 0.9% and the Dow 0.2%. Generally, it's better to see gains accompanied by heavy volume.

    weeklyobservations12112010
    (reverse chrono)

    -
    -F
    Stocks extend gains as volume fades, again.
    Good leadership participation.
    Most indexes reach multi-month and even -year highs.
    -Th
    Most of the major indexes wavered to a mixed finish Thursday.
    Volume rose on Nasdaq and fell on NYSE.
    SPX finds support at 1227.
    Scant leadership participation.
    The IBD 100 rose 0.4%.
    -W
    Stocks add small gains in slower trade.
    Some leaders participated.
    -Tu
    Stocks gave up big gains to end narrowly mixed Tuesday in a bearish reversal for the market.
    Volume increased sharply on both major exchanges.
    -M
    Thus far indexes going nowhere in sketchy trade and lower volume.
    Stocks battle back to a mixed finish.
    Volume falls sharply again, compared to Friday' slight trade.
    Some leaders accumulated.

    weeklyanalysis12042010

    Stocks recovered well from the morning slump, with investors working through Europe's ongoing financial woes.
    At the bell, the Nasdaq was down 0.4%, but it had been off as much as 1.5%. The Dow also fell 0.4%, the NYSE composite 0.2% and the S&P 500 just 0.1%.
    NYSE volume more than doubled from Friday's half-day session, an easy comparison to improve upon. Nasdaq volume figures were not available.

    The major indexes finished lower Tuesday after a rally attempt in the afternoon faded.
    The Nasdaq composite shed 1.1%, the NYSE composite dropped 0.7% and the S&P 500 fell 0.6%. The Dow closed down 0.4% after briefly turning positive. Volume was higher across the board, according to preliminary data.

    The major indexes marched ahead and closed near the day's peaks on Wednesday, though turnover was below Tuesday's levels.
    The NYSE composite and Dow each jumped 2.3%, while the S&P 500 climbed 2.2%. The Nasdaq composite advanced 2.1%.
    After tracking higher for much of the session, volume ended up being lower across the board, according to the most recent data. The market faced a tough comparison with Tuesday's final minutes of trading, when turnover surged as the month of November ended.

    For the second day in a row, the major indexes achieved solid gains and closed near the session's peaks, but with volume lower across the board.
    The NYSE composite climbed 1.4% while the S&P 500 rose 1.3%. The Nasdaq composite added 1.2%, the Dow 1%. Turnover was slightly lower on both the NYSE and the Nasdaq, according to preliminary data.
    Roughly 90% of IBD's 197 industry groups gained ground.

    The market climbed for a third-straight day Friday as a late flurry of buying took all major indexes higher for the day.
    The Nasdaq and NYSE composite rose 0.5%, the S&P 500 0.3% and the Dow 0.2%. Volume was lower across the board.
    The Nasdaq made its highest close in nearly three years. Indexes opened lower after the jobs report for November came in weaker than expected. The market shook off the disappointment and started trimming losses, closing near session highs for the third-straight day.
    For the week, all major indexes made gains of more than 2%.

    weeklyobservations12042010
    (reverse chrono)

    -
    -F
    The market climbed for the 3rd straight day in declining volume.
    Nasdaq makes its highest close in 3 years, closing near session highs.
    Good leadership participation.
    Vix falls to 18, IBD resumes uptrend - despite lack of follow-through.
    IBD 100 rose 2% for week, underperforming the rest of the market.
    -Th
    More gains as daily volume questionable.
    Semis continue to surge in really low trade.
    Financials testing 200 dma overhead resistance.
    Trade came in mixed.
    Several leaders fell, as the IBD 100 again underperformed.
    -W
    The major indexes closed sharply higher and near the session's peaks Wednesday, powered by encouraging economic reports from China and the U.S.
    SPX closes above 1200.
    Volume fell temporarily avoiding a "confirmed uptrend".
    Leaders gain modestly.
    IBD underperformed w/ 1.8% gain.
    -Tu
    Stocks languishing w/ losses.
    Nasdaq trade higher.
    The major indexes finished lower Tuesday after a rally attempt in the afternoon faded.
    -M
    Europe tanks along with US stocks in the early going.
    Volume up huge.
    Even still some retailers catching a bid.
     
    #242     Dec 11, 2010
  3. I will be discontinuing this chronicle or journal. I currently have a number of product offerings and am going to have to streamline some activities.

    This is one of them. Although it became very helpful in detailing market changes - wrt to index price and volume, as well tracking institutional participation amongst leading stocks - during all the malaise, I think it is safe to say this exactly needed criteria (including worst-case) is now well understood without the help or need for rephrasing here the same IBD* info I get and trade from.

    This thread which was started in Dec 2008 has seen many views (11,487). I used Collective2 to shift my trading strategy into futures and ETF's and these are now fully developed. This journal finally evolved into just tracking PA, volume and leadership.

    I encourage you to now take note of THE final result and continue to follow all of my system trades.

    See more at - http://www.elitetrader.com/vb/showthread.php?s=&threadid=209389 or <b>The IBD Experiment: Trade $100k into $1M In (4) Years</b> started a few months ago.

    Also do not miss timely updates following me on twitter:

    http://twitter.com/hedgefundsguru/

    ("A twitter link shouldn't be any problem." Moderator)

    Please note: If you search my Use Name, "paysense", you can find all my past and follow any current ET threads.

    You may PM (Private Message) me at any time and I have changed my ET account options to allow receipt of email.

    Also more info regarding my trading system links are under my <b>Profile</b> (click "paysense" at left and see "Occupation").

    * Investor's Business Daily
     
    #243     Jan 18, 2011