Dec 24: Closing X
Geez Louise....57 eh? Hum...The Trades only Accumulator continues straight up.
Dec 24: Opening X
Still more upside? I must admit I'm very tempted to take a bit of my portfolio position I established weeks ago off...but maybe I'll just do some pushups instead (and add in 15minutes of jumping jacks). Trades only shown below.
Dec 23: Closing X
Straight up again today..both price and the Trades Only Accumulator. Over the past 5 days, the Trades Only Accumulator as gained over 2 million shares net! This is solid buying and reinforces the notion that higher prices are coming. You can easily see at what price the volume came in today by looking at the white bars at the left. More than 4 points now from the signal for this cycle.
Dec 23: 10am
We should get an end to the up cycle today. Shown below the TO Accumulator, 3 points from the signal price. If anyone is still in this trade still expect X to peak at or just after a slope change down.
Dec 22: Closing X
3 Charts...notice the large volume spike (horizontal) at 53.12.
1st chart: TO Accumulator, 70,000 sell spike at the close (aggregated trades printed a penny below the bid). Accumulator up up up.
the Bid/Ask Accumulator
and just the raw tick. Great buying shown on all 3 charts with the top chart the most important.
Dec 22: 12pm Show Me The Volume
So where's the volume on X from the last move up from 36? The 5m Trades Only Accumulator chart shows where: 39.37, 41.37, 42.74, 45.53 and 49.12 the largest of the bars. These then will be major support levels for any move down. And the TO straight up.
Dec 22: 11:11am
A series of buy spikes near the lows of the day has the Trades Only Accumulator continuing to rise. Since I'm not affected by OTD (obsessive trading disorder) I have no problem watching X do whatever it will do until we're a couple of hours away from the next slope change up.
(Which brings to mind something: do you sit on your losses longer than your profits? If so, next time you're long and getting that feeling...push-ups, dozens and dozens of push-ups help. Nervous energy increases your heart rate, as does exercise. But exercise releases brain calming chemicals into your blood that will combat all that negative nervous energy. Not only will you get stronger, but you'll make more money as well.)
Dec 22: 10:45am
I just got stopped out on X just under 52. Signal weight has erroded to +545. Very nice trade, probably my last for the year.
Dec 22: 10:22am
X Trades Only top chart, at the Bid/Ask only lower chart. Signal weight has improved from the opening. I'd expect X to trade back near the highs as long as signal weight is strongly positive.
Dec 22: X at the open
X test 53 this morning just after the open. Shown below the Trades Only which continues to rise. As long as signal weight remains positive, there's no reason to exit this trade too early.
Dec 21: Closing X
From the signal price of 50.40, X closed at 52.40+- with continued accumulation shown in the Trades Only Accumulator. X is now above the previous recovery high from the March lows so we don't have any easy targets to identify. I must admit that I haven't seen in years the level of accumulation on the TO Accumulator we're seeing in X. It's quite amazing and bodes for significantly higher prices assuming the recovery is gaining strength. As long as we continue to see this pattern, when in doubt, stay in as the surprise will be to the upside.
Here the Bid/Ask Accumulator.
Dec 21: 3pm Kodak
I posted EK last week and as can be seen on the chart, the Trades Only Accumulator rose as it broke through 4. I also said it didn't correlate to the S&P and you had to buy it when it was down and sell when it was up. As it's now up about 10% from 3.95, now's a good a time as any to exit this trade if you took it.
Dec 21: 2:25pm
X trading past 52.40 two points from the signal. The trades only accumulator shown below continues to rise.
And below the Bid/Ask only Accumulator showing more volume at the bidside from 12:15 to about 1:30, X taking all the selling quite easily before beginning to rise again. I've raised my trailing stop to just below 52. At 52.40 taking two points from the signal price this morning is decent enough profit to want to just take the money and be done for the week (up to you as to how much is enough).
Dec 21: 11:45am
I just put a sell stop at 51.44 on 1/2 of my trading position because I have to leave shortly. X continues to show good accumulation on the Trades Only Accumulator shown below. Taking a full profit now wouldn't be a bad idea either as the trading goal of 51.50 has been achieved, but I think it has more to go and it typically peaks after a slope change down.
Dec 21: 11am
Just as X traded past 51, a series of big buy spikes were triggered (over 160k shares). These are most likely stops or limits being run.
11:10: 51.50 target has been achieved. (I'm still in my position waiting for a point when the Change gets to zero then I'll reassess.)
Dec 21: 10:45am
X continues higher with strong accumulation showing on all accumulators. The trades only below.
So, obviously buying on Friday as the slope was in the process of changing had its advantages this time. But if you review the archive section you'll see that it isn't always the case. Part of trading is making decisions based upon what we know will happen to the Primary. Even if the Primary had continued lower today with negative signal weight, we know that it will change slope back up at some point. So, managing one's cost in a trade becomes important at that time. There's no reason to take a loss unless an exogenous event changes the outlook for a company completely. So if we're early, we just need to be sure that adding to a position as it's declining actually lowers our cost to a point that if even a weak bounce during an upcycle happens, we can trade out at a profit.
Dec 21: 10am
The signal has confirmed, X was 50.47 at the enter long confirmation. The target for this move will be the recent high, 51.50+ or near the next slope change down on the Primary. Trades only shown below. My 50 target from the prior low (37+-) has obviously been achieved.
If you look at your longer term charts on X you'll see that its prior high was 200+. As the economy recovers, so will X. We can expect that if the recovery is in place, over the intermediate term X will trade past 100 again.
Dec 21: Opening X
The slope change has confirmed, an early enter long issued that will confirm at 10am. Buy any downward price action during this bar or the next. Below the Trades only accumulator.
Dec 21: Pre-Opening
It appears we're going to get a slope change up confirmation and a new confirmed up cycle on the Primary. X is already trading near 50. Any downward price action from the open should be bought if it happens, otherwise we should go long some X at the slope change confirmation and again if an enter long confirms.
Dec 18: Near the close
The early slope change has issued and X started lower. The best of all possible worlds is for a slope change to confirm followed by a downward price move in X.
Nice move in EK today...shown is the trades only accumulator. EK doesn't much correlate to the S&P, it's in a world of its own; have to buy it when it's down, sell it when it's up.
Dec 18: 12:20pm
Typical end of the day, end of the week positioning so I fully expect to see prices rise into the close as any day trading shorts are most likely being taken off rather than held over the weekend. We can expect an early slope change up signal during the last bar of the day. Given X's overall bullish behavior I've picked up a bit in the 49.20 area. I know this is early and a Friday but I don't mind holding a little long X. The trades only accumulator shown below.
Dec 18: 1:20
It's still a bit early to expect a slope change up, but with signal weight managing to get only weakly negative, we should be starting to get interested in X again. And also remember that SPY's price is .59 cents lower because of the ex-dividend...so that visual image is resulting in a more negative price image on the charts. With the Change +33, signal weight flat and the Slope -150, if signal weight were to suddenly increase to modestly positive, then a slope change would be anticipated shortly and a small purchase in X at that time especially if X were lower, would be appropriate.
Shown below the Bid/Ask Accumulator.
