Monday, April 22, 2013

dWbShadowTrader Quad

Advance/Decline Breadth started the day in positive territory. A PPS sell signal was issued at the first print on the breadth and Up/Down Volume ratio. Cumulative Tick sold off very, quickly reaching the zero line in the first few minutes. Soon thereafter, breadth on the NYSE went negative in the NASDAQ was chopped in half. Price paused temporarily at the VAH, oscillated here for a few minutes, before targeting POC and VAL. VAL proved the low point for the day, as the market mounted a comeback that the prices higher for the remainder of the afternoon. VAL was very near the POC of the five day Value Area Profile. The real breakout from the lows occurred when the breadth and volume ratio indicators found support from their MA's. Price closed off of the highs, and the high-tick was the top of the five-day Value Area Profile. Volume was lower today, with a 15.69% decrease in overall volume on the NYSE; NASDAQ was down 5.17%. The $VIX finished the day at 14.39, down $.58