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Breadth Indicators

Spontaneous remission from a terminal prognosisBMY recently has had poor lung cancer treatment results and is getting sold off, movement compounded by Mercks recent promising results in the the same treatment field. Today was another huge down day, with a push past 3 standard deviations according to a 20 day closing Bollinger Band. Long because On Balance Volume has been improving while the price has been falling, and it might be at a short term reversal. In at 49.91 with a target of 5% or 52.40 from an anticipated short term correction tomorrow. Price is holding in this range with a low of 49.72, and high of 51.30 for the day.
NYSE:BMYLong
by LuckyDinAZ
Wyckoff Accumulation Phases of Credit SuisseSome remarks on the price evolution of CS Credit Suisse stock was in a downtrend which ended with a selling climax (SCLX) on February 11 this year. After that CS showed signs of being accumulated. The Brexit vote initiated a huge shake out. During this shake out it broke below its trading range, after which it trended back up into the trading range. Here it tested the 12.56 support twice; once on the Deutsche Bank fine news and also today after CEO Tidjane Thiam said he expects a challenging third quarter. Currently it is in Phase D, or alternatively it might still be in phase B. Notice the volume peaks on down swings. This is a sign of buying pressure caused by the Composite Operator (or Insiders as Anna Coulling calls them) which buy in the lower end of the trading range, as discussed in the book "A Complete Guide to Volume Price Analysis " by Anna Coulling. I posted this idea before (linked below). On that chart you see the On Balance Volume indicator. Notice the explosion of the on balance volume for CS, right after the Brexit. And you know what they say: "volume precedes price". I also labeled the chart of CSGNZ. Notice the differences in volume, particularly during the selling climax: Some facts that support the hypothesis suggested by the technical analysis: STRONG HANDS HOLDING CS A very large part of CS shares is held by a few very large long-term investors that don't sell on weakness but use it to add to their core position (smart money). In fact they've added just recently. These kinds of buyers and shareholders explain the pattern we see in the CS and CSGNZ charts. In the last couple of weeks more than 20 percent of Credit Suisse shares is owned by three shareholders: Harris Associates (with David Herro as fund manager) owns more than 10 percent of shares ( August 22 , 2016). The Saudi Arabian Olayan Group , through its registered entity Crescent Holding GmbH, holds more than 5 percent of shares and about 5 percent in convertible bonds ( September 12 , 2016) and is/was represented by someone on the board. The Capital Group holds more than 5 percent of shares ( August 30 , 2016). www.credit-suisse.com www.thecountrycaller.com www.finews.com Besides these shareholders there is the state fund of Qatar that owns more than 5 percent of shares and about 13 percent in convertible bonds ( June 17 , 2016) and is represented by someone on the board. Considering the long and intimate relationship of the Qatar state fund and Credit Suisse it is safe to assume they didn't sell in the past 3 months and this would imply no less than 25% of shares being owned by no more than 4 shareholders in the past month. Another shareholder worth mentioning is the Norwegian Sovereign Fund (Norges Bank), which claimed beneficial ownership the day after the selling climax on February 11 (owning 5 percent of shares on February 12). These are the shareholders that were required to file a Schedule 13D with the SEC, due to beneficial ownership. But I bet there are a lot of other institutions buying CS without reaching beneficial ownership.
NYSE:CSLong
by Undertow
$SPY Bearish Market Internals on the S&P and NYSE Overall, the AMEX:SPY was trading below its 100-period SMA for a majority of the day, with the 5-minute chart well below the 100-period SMA - Breadth Ratio ( NYSE:UVOL / USI:DVOL ) was showing a ratio of greater than 2.0 which a sign to look for bearish/shorting opportunities on the day - Net Advance/Decline Line ( USI:ADVN.NY - USI:DECL.NY ) was below its 21-period EMA showing bearish sentiment and was below 0 for the entire day, illustrating that bears were in control, although net declining issues never passed below the -1000 mark, which would indicate a very bearish sentiment. Either way 07/19/2016 turned out to be a day where trades to the downside should have been preferred; although overall it wasn't a very strong bearish day. - $JOY; -$STX were a few that I looked into.
AMEX:SPYShort
by TraderR0BERT
Contrast Weekly vs Daily Timeframe OBV and RSI indicate a possible bounce to the upside. Keep eye on intraday for continuation downward or break to the upside. If you wanna play both sides a straddle or strangle option strategy two or three months out might be ideal. For a one sided trade check OTM (out-the-money) contracts and the Vol in the options contracts relative to the strike price before purchase - 220 and 125 or 200 and 140 strike price might be ideal. Also don't wait to long to purchases options contract, because as directional price movement becomes more apparent and as Implied Volatility creeps up the more expensive the options become.
NASDAQ:BIDU
by TraderMD
(1D) XAUUSD v US30 - gold rush. There seems to be an inverse correlation between XAUUSD and US30. Interestingly Gold began taking off before the recent mini-crash. OBV on Gold was steadily rising whilst OBV on US30 was falling (even while price was recovering). BREXIT has caused deep uncertainty in a number of markets. GOLD has always been a major safe haven. We saw this at every major world financial crisis. They can't just print the stuff or do quantitative easing on GOLD - can they? LOL. I'm short on US30 and I've been happily long on Gold. My stop losses are in the right places relative to my account size. Cool. Disclaimer: no liabilities accepted for losses arising by relying on this post.
FX:XAUUSDLong
by Captain_Walker
(1D) US30 - WALL STREET - possible crash comingI'm no expert at Elliott waves, so my waves may be wrongly counted or drawn on this. But I'm watching a number of other things adding up. I see trend strength weakening. I see OBV probably heading down in a struggling bullish market. There is a similar wavy pattern emerging, similar to that around Nov 2015 to Jan 2016. I'd be delighted if others who know more about Elliot Waves can help out. But do share any other ideas. This idea is not a prediction .
FX:US30Short
by Captain_Walker
4
Day of reckoning has come for oilThis last bullrun on oil prices wasn't really supported by volume and we can see that reflected on the OBV which increased only a fraction of what it fell when prices went from 34 top to 26 bottom. That is, volume was way lower on this 15 USD rally than it was on a drop of only half that amount ! This fake out, is confirmed by the money flow index, now coming back from oversold levels and breaking the wedge. This indicator has been rarely oversold and last time it did, price was around 100. I believe we will re test 0,23 and maybe 0,5 both of them at signifcant levels from past peaks.
FX:USOILShort
by purpurato59
A Clear 3rd of a 3rd Elliot Wave Down is underway - continuationv of iii circle of 3 appears to have begun in today's afternoon reversal ending the relief rally. Since v would be equal to i at 183, short of iii's termination, expect v to extend to 1.618 of i and end around 178 before the next short term relief rally to circle iv. Main point is that the waves clearly indicate that the main trend has reversed. Also note that on balance volume has been negative all of 2015 and began a continuing outflow to to deeper negative territory at the end of (3) of last year's terminating ending diagonal. Say goodbye to 200 in SPY...I don't think we will see it again for many years...
AMEX:SPYShort
by broughro
What is McClellan Oscillator saying about the major averages?Although I have a bearish view on the major global stock market indices from a longer term cyclical perspective ( see older post ) and growing bearish momentum in the beginning of 2016 may well be a starting point, the McClellan oscillator, historically during a deeper market correct when oversold (below -80) has price resume an upward rally. Seeing this in the American markets may be a sign of some possibly temporary buying relief. Nonetheless price cyclicity will lead the way in informing a more pronounced down trend/bear market as some other major indices. Seen too in NAS100 and DIA a relief rally may ensue. NAS100 DIA
FX:SPX500
by amanpaulbhogal
4