Traders appear to be looking back at technology. Semiconductors are performing better and the NASDAQ Volume Ratio indicates some buying.
The late-morning RSI readings from the CQG Custom QuoteBoard, using 15-minute bars for the equity derivative products are indicating neutral price action for the E-mini S&P (EPH7), the DJ Euro STOXX 50 (DSXH7), and the NASDAQ […]
Currently, 22-percent of the 228 ETFs I track are showing a positive gain today. Semiconductors and energy ETFs are the top ten performing ETFs for the day. Excel is linked to CQG for the data.
After the daily bar chart of the 10-year T-note futures contract traded through the support zone, the market is currently trading back into what should not be a resistance level. However, the ongoing weak RSI readings indicate the trend is down. Barring some positive news that could bring in short covering, the price action should […]
Yesterday, the market closed down, but it did not violate the up trend line plotted along the rising lows of the RSI study. Today, the market is back above the high at $54.49 based on the March contract, which was the high of January 16th. At the moment, the market is tracing out a pivot […]
The market has moved down and has tested the support zone for a second time. Buyers appear to be coming in. The RSI readings broke the uptrend line yesterday, signaling downside momentum.
The Constant Volume Bar chart is set to 250 contracts with the CQG ChartTrader shows the RSI readings are indicating upside momentum.
The morning look […]
Yesterday, sellers came into the gold market with the price in the resistance zone, and the market ultimately closed below the mid-point of the day’s range. The RSI has back-to-back readings just on the other side of 62, providing a somewhat dubious up trend signal. This morning, the market has tested the demand line of […]
I use Constant Volume Bars to compress the trading action. I add the RSI to spot trend action and trading range action based on concept detailing in this link. We can see the RSI readings were flashing a weak market for most of this view.
Using the one-tick version of the TradeFlow chart we can see […]
Traders appear to have switched from their buying mode yesterday to a selling mode today. Still, the current NYSE and NASDAQ exchange volume ratio readings are not that weak, yet.
The late-morning RSI readings from the CQG Custom QuoteBoard, using 15-minute bars for the equity derivative products are indicating selling pressure for the E-mini S&P (EPH7), […]
Currently, just 9-percent of the 228 ETFs I track are showing a positive gain today. REITS, Technology and Metals ETFs are the top ten performing ETFs for the day. Excel is linked to CQG for the data.
The daily bar chart of the 10-year T-note futures contract traded right through the support zone. The ongoing weak RSI readings indicated the trend.
The Constant Volume Chart (set to 10,000 contracts) with the RSI and ChartTrader show the clearly defined down trend. I include the volume study to know when a bar is about to […]