Tom McClellan - Low QQQ Volume a Sign of a Top (February 09, 2017)

FundStudent

When investors get complacent, they do certain things. They show up as bullish in the various surveys. They bid tiny premiums on options, driving down the VIX. They put all of their cash to work, letting money market fund levels get down really low. And they trade tiny volumes on QQQ.

This week’s chart looks at a 10-day simple moving average in the daily trading volume of QQQ, the largest of the ETFs which tracks the Nasdaq 100 Index. Low readings like this are associated with investor complacency, and thus with important price tops

http://www.mcoscillator.com/learning_center/weekly_chart/low_qqq_volume_a_sign_of_a_top/

VintageFreak

NYSE 52 week lows have been higher each of the last 3 days market has gone up. If market keeps going up and the 52 week lows keep increasing it will demonstrate that only a narrow section of the stock market is leading this rally. Which is basically what does happen in a cap weighted index, but I'm feeling so smart typing this and also calling a market top, someone needs to start publishing what I'm saying.

I want to be a smart-ass too. Just saying...

DanHardy

http://www.mcoscillator.com/learning_center/weekly_chart/a-d_line_new_high/
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