Dec 4:  Closing X

4 Charts:  The Trades Only Accumulator showing continued accumulation all day today.

At the Bid/Ask shows the Accumulator simply following price.

Here's the Tick Accumulator...also following price.

And the 5 minute Bid/Ask Accumulator showing continued buying.  Overall, X continues to show strong accumulation.

Dec 4:  12:20pm

Top chart is X Bid/Ask Accumulator, lower chart is tick.  Both show some buying now appearing.  Seat of the pants trading only here

Dec 4:  11:20am

Below is the Tick accumulator showing down tick volume over up tick.  I'm very tempted to take on a long trade here but I want to wait to see if the gap fills.  I don't like situations where the Primary turns back up like this because we cannot expect a 'normal' cycle.  Part of my philosophy of working with the Delineator and trading X is I want all the variables lined up in a normalized fashion.  This isn't happening today.

Dec 4:  Opening X

After an hour, the X chart Bid/Ask Accum.  I'm not doing anything yet due to the nature of today's opening.

Dec 3:  Closing X

Interesting X charts at the close today.  The top chart here is the Trades Only (volume above or below the bid/ask)...continued Accumulation throughout the entire day.  That's a 107,000 share sell spike at 10:03 and that spike up at the end of the day on the Accumulator line most likely represents short covering.

This is the Bid/Ask (volume only at the bid or offer) Accumulator which pretty much again follows price but overall was up on the day.  Our next opportunity to consider building a trading position in X will be when we get to the opposite side of the current down cycle on the Primary.  

Dec 3:  2:55pm

The Bid/Ask only Accumulator continues to follow price higher.  The slope change down has confirmed on the Primary.  Our next potential trade will be as the Primary reaches the point when the down cycle is almost ending--when a slope change up is pending.

Dec 3:  11am

The Bid/Ask Accumulator showing selling just after X traded to 46, now flattening.

Dec 3:  Opening X

I'm still flat on X as we're late in the up cycle on the Primary.  I won't consider another trade until we're late in the next down cycle on the Primary.  The chart below is the Bid/Ask accum.

Dec 2:  Closing X

3 charts:  top chart the Trades Only Accumulator showing continued strong accumulation.

Bid/Ask Accumulator showing continued accumulation especially during the mid day decline.

and the Tick Accumulator showing uptick volume swamping downtick volume.  All 3 Accumulators showing strong buying action all day.

Dec 2: X

Signal weight +1100, X Bid/Ask Accumulator flat.  I rarely retrade during a cycle.

Dec 2:  Opening

I'm not doing anything with X today as I have appointments away and cannot watch the charts today.

Dec 1:  Closing X

Just after I got stopped X started moving lower as the Change approached zero.  The Trade Only Accumulator (top chart) continues to show strong accumulation.  The Bid/Ask only Accumulator (lower chart) shows a flattening just after the move to the highs around 1:45pm.  I fully expect X to trade back to the highs tomorrow given modestly positive signal weight and part of me wishes I still had a position in X.  But I'm sticking to the pattern of building a position just prior to a slope change up and beginning to exit as the Change reaches zero and as the Primary changes slope back down.  I admit that a lot of this is trading skill, but you'll acquire that if you stick to your entry positions based upon the motion of the Primary and not the price action of X.  Over the long term, sticking to trading in this manner will leave money on the table but will provide a solid basis for entering and exiting a position that is repeatable.

Dec 1:  2:20pm

My stop just got triggered at 45.68.  Made a buck from yesterday's trade, nothing on today's.  I dislike gaps other than for setting targets.

Dec 1:  1:30

I do not use stop losses, but I do use protective profit targets and stops.  With signal weight +1848, the Change +27 and X making new highs, I am placing a sell stop (market) just above my cost for today's trade, 45.62.  You could put yours higher if you so desire.  The surprise continues to the upside.

The Bid/Ask Accumulator showing buying into the highs. But the tick only or raw tick shows more volume trading on a down tick than an up tick over the past few minutes (lower chart).

Dec 1:  12:30

X testing the highs of the day with signal weight +1739, the Change +37.  My sense here is that when the Change reaches single digits, we should reassess X if it's making a new high at the time.  Once the Change gets to zero, we know what typically happens...reversals.  I've mentioned the fact that X typically tops after a slope change down on the Primary, so the surprise continues to the upside and selling later rather than earlier is typically rewarded.  Any slope change down on the Primary wouldn't come today however, tomorrow at the earliest.  the Bid/Ask Accumulator continues to follow price higher as shown below.

Dec 1:  10:47am

That's a 300,000 share buy spike on the Trades Only Accumulator.

Dec 1:  10:38am

The Bid/Ask Accumulator showing selling for the first part of the morning.  It's starting to rise at this posting.  

Dec 1:  10:17

We need to watch the Change level today.  With this big opening gap, and very strongly positive signal weight, we could get an exhaustion by mid-day in the Change.  Boy, I dislike big opening gaps.

Dec 1:  10am

The enter long has confirmed and I purchased more X at 45.65.

Dec 01:  Opening X

10 mins before the open, we're going to get an up opening.  As soon as we see what level of signal weight is present, we should look to establish a position in X.

At the open, the slope change up has confirmed and an early enter long signal has also been issued.  I've purchased some more X just after the open and will buy more on the confirmation of the enter long and any decent decline within an hour of that signal.

Here's the daily chart of X. The target for this trade is 48+- or the conclusion of the signal.  While I fully expect to see X to trade to the highs from September.

Nov 30:  Closing X

The upper chart is Trades Only, the lower at the Bid/Ask only.  Both continue to show strong accumulation in X.  If the slope change up confirms tomorrow, and there's good positive signal weight, I'll be completing a long position at the confirmation of the slope change.

Nov 30:  3:50pm

Signal weight has turned weakly positive at +250, and a slope change up is pending.  I bought a little X at 44.60 a minute or so ago.  The change to positive signal weight at the moment is more a function of end of day trades than a shift in sentiment.  I typically try to avoid new longs at the end of a day, as I would rather sell into a rising market near the close than buy.  But I fully expect a slope change up tomorrow, and given the heavy accumulation in X and its relative outperformance, I'm not to worried about building a position too early.

Nov 30:  3pm

The Bid/Ask only Accumulator continues to show buying in X.  I won't get interested in a trade until the Primary is 1 bar from a slope change up and signal weight is positive.

Nov 30:  12:30pm X

The Bid/Ask only Accumulator is basically following price today.  I'm doing nothing with X today as we are still hours away from any slope change up on the Primary.

Nov 30:  Comment on EK

I've also been following Kodak (EK).  The Trades Only Accumulator has identified consistent buying in EK as well.  While I'm not planning on following EK on these pages, such a consistent rise in the TO Accumulator is notable.

Nov 30:  Opening X

Here's the 5 minute Bid/Ask Accumulator showing overall buying in X over the past 20 trading days.  X is up this morning due to a report by Goldman that steel prices have bottomed.  Until the Primary can be in a position to turn back up, there's not yet an opportunity to reenter a trade on X.

And here's the Trades Only Accumulator over the same period showing very heavy buying over the same period.