Posts filed under “Technical Analysis”

Short Interest Spike Presages Furious Sell-Off and Rally

For nimble traders only:  The last time the New York Stock Exchange short interest ratio broke below a key trendline, the U.S. equity market had a short and sharp selloff — one that was later followed by a major upside blow-off

The gray area on the chart is SPX; Blue line is NYSE short interest:
<spacer>

  click for larger chart
Shortinterestspx

Source: Michael
Panzner
, Rabo Securities USA

 

On the basis of monthly short interest data for the period ending October 14th (released yesterday by the NYSE) and average daily volume for the first two weeks of the month, the most recent SI reported works out to approximately 4.74 days.

That is the lowest level since January 2004. This places a measure below a major uptrend dating back to the September 2001 lows.

Michael
Panzner
asks: "Time for deja vu all over again?"

Category: Psychology, Technical Analysis, Trading

Technical Tools That Work

Category: Financial Press, Technical Analysis

Walk It Off

Category: Investing, Markets, Psychology, Technical Analysis

Keeping Tabs on the Market

Category: Investing, Markets, Technical Analysis

Technical Analysis from A to Z

Category: Books, Technical Analysis

Prudential kills its Technical Analysis Group

Category: Technical Analysis

Market Technicals Clarify Q4 Action

Category: Economy, Investing, Psychology, Technical Analysis, Trading

Chart of the Week: NASDAQ 100 Net 52 Week Highs/ 30 Day Highs

Category: Technical Analysis

Chart of the Week: Net NYSE Up Thrust Days v Down Thrust Days

Category: Investing, Technical Analysis

Finding A Floor?

Category: Technical Analysis