Comments on: Midday Check on Market Internals for Sept 15

By: A Look at End of Day Market Internals Sept 15 | Penny Stock Trading System Blog

Thu, 17 Sep 2009 00:31:44 +0000

[...] this afternoon, I posted a standard “Mid-Day Check of Market Internals” which suggested that market internals were giving an edge to the upside (for higher prices [...]

By: The Technical Analysis Professor Shows Us How to Use Internals | Wall St. Cheat Sheet

Wed, 16 Sep 2009 03:04:06 +0000

[...] this afternoon, I posted a standard “Mid-Day Check of Market Internals” which suggested that market internals were giving an edge to the upside (for higher prices yet [...]

By: A Look at End of Day Market Internals Sept 15 | Afraid to Trade.com Blog

A Look at End of Day Market Internals Sept 15 | Afraid to Trade.com Blog — Tue, 15 Sep 2009 23:04:42 +0000

[...] Internals Sept 15 Sep 15, 2009: 6:04 PM CST // Earlier this afternoon, I posted a standard “Mid-Day Check of Market Internals” which suggested that market internals were giving an edge to the upside (for higher prices [...]

By: Corey Rosenbloom, CMT

Corey Rosenbloom, CMT — Tue, 15 Sep 2009 22:45:01 +0000

Good point – the market has traveled higher since this post was written and internals are even stronger.

I think shorts are so defeated they're just hanging back instead of trying to be aggressive (which has resulted in these quick “stop-pop” bursts up). You can only get beat so long.

Great point about the Market Delta – I don't use that but would certainly find it valuable at key expected intraday turning points.

By: BalaB

BalaB — Tue, 15 Sep 2009 22:37:08 +0000

Thanks Man...

" I just worry that a quick snapshot cannot do justice for a day that
is particularly volatile." - IMO, what's more important is
acknowledging the frame work of the day thus far.

Looks like the probing of rally highs and prior level of significant
selling volume (1047.25) didn't produce a short covering burst.
Snicker.....

Re: Market Delta......I'm trying to see how divergence forms within
these charts to get a deeper understanding of the buying/selling
dynamics intraday

By: Corey Rosenbloom, CMT

Corey Rosenbloom, CMT — Tue, 15 Sep 2009 22:15:16 +0000

Thanks BalaB!

I'll try to keep doing these mid-day posts – I just worry that a quick snapshot cannot do justice for a day that is particularly volatile.

Nice charts you have there – I especially like the Market Delta chart shown from Ninja Trader.

Keep up the great work!

By: BalaB

BalaB — Tue, 15 Sep 2009 21:28:12 +0000

Thanks Corey….The midday updates are beneficial. It compliments nicely the lessons taught in the Idealized Trades report.

btw, Post from this morning: http://implicittrading.blogspot.com/2009/09/i-l...

By: Corey Rosenbloom, CMT

Corey Rosenbloom, CMT — Tue, 15 Sep 2009 17:45:01 +0000

Good point – the market has traveled higher since this post was written and internals are even stronger.

I think shorts are so defeated they're just hanging back instead of trying to be aggressive (which has resulted in these quick “stop-pop” bursts up). You can only get beat so long.

Great point about the Market Delta – I don't use that but would certainly find it valuable at key expected intraday turning points.

By: BalaB

BalaB — Tue, 15 Sep 2009 17:37:08 +0000

By: Corey Rosenbloom, CMT

Corey Rosenbloom, CMT — Tue, 15 Sep 2009 17:15:16 +0000

Thanks BalaB!

I'll try to keep doing these mid-day posts – I just worry that a quick snapshot cannot do justice for a day that is particularly volatile.

Nice charts you have there – I especially like the Market Delta chart shown from Ninja Trader.

Keep up the great work!