TraderWise

As readers know, I use relative volume to estimate likely movement during the market day. Identifying shifts in relative volume can also be useful in gauging breakout moves in stocks.

Here are median values of ES volume for each 15-minute period during the trading day (last 12 full trading days). The fifteen minute periods begin with the times noted below, Central Time:

Another day of accumulation, but the market wasn’t ready to follow-through.  The big story of the day was Iran announcing it was able to enrich uranium.  Stocks initially sold off on the news as volume was lighter than Wednesday.   Once again selling dried up and stocks began to stage a strong rebound.  The market, however, [...]

Stocks End Just Off their Highs as Volume Jumps

Moody's Corp (MCO) ; Gap down on increased volume. Broke main support level around $23.7.
Anglogold Ltd Ads (AU) ; Gap down on increased volume ; was that latest break out a fake move ? (right above the $42.8 levels).
Agrium Inc. (AGU) ; A few days ago, price broke above the resistance (from early May), it now reversed, and testing it again as a support level ; will it hold ?

The second most important aspect of my trading strategy (behind support and resistance) is using volume to classify stocks that are under accumulation and distribution. Distribution is under way when, over a period of time, stocks show higher volume on down days and lower volume on up days. In a bullish trend, this predicts the trend will pullback or fail. In a bearish trend, expect the trend

The following stocks face a high probability pattern (Price will continue in the current direction of the trade)
Anadarko Petroleum ( APC ) ; Gap up on high volume (clean break out)
CPFL Energia ( CPL ) ; Long base, ABC pattern break out, Gap, volume
Petroleo Brasileiro S.A. Ads ( PBR ) ; Long base break out
GAP Inc ( GPS ) ; ABC pattern confirmed
Market Vectors Rare Earth/Str Metals ETF ( REMX ) ; Pattern, news, volume, all confirm that the trend is intact

Another day of accumulation for the market with small cap stocks taking the lead on the day.  Volume was up across the board with large cap technology stocks weighing down the NASDAQ.  The S&P 500 finished the day with above average volume, showing strong institutional support was displayed.  This uptrend is beginning to gain strength [...]
Stocks Come under Accumulation, Big Cap Tech takes a Back Seat

Another day of accumulation for the market with small cap stocks taking the lead on the day.  Volume was up across the board with large cap technology stocks weighing down the NASDAQ.  The S&P 500 finished the day with above average volume, showing strong institutional support was displayed.  This uptrend is beginning to gain strength [...]

Stocks Come under Accumulation, Big Cap Tech takes a Back Seat

Another day of accumulation for the market with small cap stocks taking the lead on the day.  Volume was up across the board with large cap technology stocks weighing down the NASDAQ.  The S&P 500 finished the day with above average volume, showing strong institutional support was displayed.  This uptrend is beginning to gain strength [...]
Stocks Come under Accumulation, Big Cap Tech takes a Back Seat

1) Citigroup Inc ( C ); clear resistance @ its 50 days exp MA. We now need a clear break out above $3.50 on increased volume. See the volume pattern recently ? Way too quiet, needs a break out !
2) Ford Motor Co ( F ) ; all signals are bullish. Was that break out a false move ? Price did reverse on increased volume). Raise your stop to $11.75.