NASDAQ Cumulative Volume Trends Negative

May 19, 2010 12:00pm by Barry Ritholtz

NASDAQ Cumulative Volume

The chart above represents the cumulative total of daily up volume plus down volume on the NASDAQ. The red and black lines are 10 and 40 day moving averages of the raw data. When the 10 day moving average is below the 40 day it typically suggests distribution and negative price action, thus we remain cautious.

Only when this condition reverses should we expect a more sustained bounce.

Internals Distributive, Volatility High

As seen in the table above sellers still remain the dominant player on the tape as down volume and decliners once again dominated today’s trading.
>

Nasdaq 52 week Hi-Lows

Chart courtesy Fusion Analytics

So far internals remain distributive and deteriorating. On a positive note however they are moving towards conditions that would suggest an oversold relief rally can occur soon.

~~~

For more information on Fusion Analytics research and trading, please contact Peter Greene:

-Telephone 212.661.2022
-Email pgreene AT fusioninvest DOTcom

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment. The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client. References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others. The Compound Media, Inc., an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers Please see disclosures here: https://ritholtzwealth.com/blog-disclosures/

twitter

facebook