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Thread: coolhand's Account Talk

  1. #6073

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    Default Re: coolhand's Account Talk

    What does that measure? It says "advance-decline volume". Is that like breadth? So this is showing pretty much zero stocks are down today? Not sure if I'm reading it right.

    Quote Originally Posted by coolhand View Post
    Check out the spike on the NYUD. Is that for real?



    Attachment 33663

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  3. #6074

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    Default Re: coolhand's Account Talk

    NYUD is a method of keeping track of volume by subtracting down volume from up volume; in this case it's on the NYSE. The net result is a number that is either above the zero line (more up volume than down volume) or below the zero line (more down volume than up volume). In the first 60-90 minutes of the trading day, the majority of days it sets the tone for what volume is going to do for the remainder of the session and is extremely reluctant to change. Once the direction has been established for the day, there is often a huge volume burst in the final few minutes of trading which 'finalizes' that trend for the day. Let's see how it ends today. At the moment, the S&P 500 is about 1 point from closing at a fresh all-time high.

    Also, I do not think the apparent spike in NYUD is accurate today. It's likely got some corrupt data. It should get corrected sometime after the close.

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  5. #6075

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    Default Re: coolhand's Account Talk

    Thanks for sharing that. LOL whenever I read one of your posts I hear the terminator or Det John Kimble speaking.

    PO


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  7. #6076

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    Default Re: coolhand's Account Talk

    NYUD.png

    They finally corrected NYUD. My take on Friday's rally is that it appears to be setting the stage for another attempt to take out the all-time on the S&P 500. A close well above 2120 is required. The next couple of trading days should be interesting.

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  9. #6077

    Default Re: coolhand's Account Talk

    Quote Originally Posted by coolhand View Post
    NYUD.png

    They finally corrected NYUD. My take on Friday's rally is that it appears to be setting the stage for another attempt to take out the all-time on the S&P 500. A close well above 2120 is required. The next couple of trading days should be interesting.
    Coolhand,

    Thanks for clarifying yesterday's post, because this is an excellent indicator.

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  11. #6078

    Default Re: coolhand's Account Talk

    Thanks for the post! I forgot all about NYUD. I used to look at it every morning when we had daily trades....now if only I can figure out how to use it with 2 trades a month!

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  13. #6079

    Default Re: coolhand's Account Talk

    Quote Originally Posted by coolhand View Post
    NYUD is a method of keeping track of volume by subtracting down volume from up volume; in this case it's on the NYSE. The net result is a number that is either above the zero line (more up volume than down volume) or below the zero line (more down volume than up volume). In the first 60-90 minutes of the trading day, the majority of days it sets the tone for what volume is going to do for the remainder of the session and is extremely reluctant to change. Once the direction has been established for the day, there is often a huge volume burst in the final few minutes of trading which 'finalizes' that trend for the day. Let's see how it ends today. At the moment, the S&P 500 is about 1 point from closing at a fresh all-time high.

    Also, I do not think the apparent spike in NYUD is accurate today. It's likely got some corrupt data. It should get corrected sometime after the close.
    Was re-reading some of your posts and this one is very interesting. Thank you!

    it looks like NYUD Advance Decline Volume chart (on NYSE pricing you showed earlier) means volume is advancing upward more than it is decreasing. So, if this chart is upward in morning does this mean the volume also tends to end the way that day (because of the late day advance that tends to happen)?? But as for price, high volume just means big moves ...not price direction. Right? But it sounds like this is telltale on price direction. If so this would be awesome to study each morning if wanting To buy or sell.
    Last edited by DreamboatAnnie; 05-21-2015 at 02:07 AM.
    Don't take my comments as trading advice /IFT: 2-13-24=100G/https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410

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  15. #6080

    Default Re: coolhand's Account Talk

    Quote Originally Posted by Mcqlives View Post
    Thanks for the post! I forgot all about NYUD. I used to look at it every morning when we had daily trades....now if only I can figure out how to use it with 2 trades a month!
    Mcqlives,

    As a reference point, I will appreciate if you can explain how you used NYUD for daily trades, what helpful signs you were looking for, and how effective indicator did you find it for your daily trades? Tia.

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  17. #6081

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    Default Re: coolhand's Account Talk

    Hi DA,

    I think it benefits very short term traders more than us in TSP. But it is a chart that I watch (among about 200 others) and so was very intrigued when it spiked the way did. I use NYAD with longer term settings as a breadth indicator, which helps me discern liquidity levels, but also market direction. NYUD can do largely the same thing imo.

    Quote Originally Posted by DreamboatAnnie View Post
    Was re-reading some of your posts and this one is very interesting. Thank you!

    it looks like NYUD Advance Decline Volume chart (on NYSE pricing you showed earlier) means volume is advancing upward more than it is decreasing. So, if this chart is upward in morning does this mean the volume also tends to end the way that day (because of the late day advance that tends to happen)?? But as for price, high volume just means big moves ...not price direction. Right? But it sounds like this is telltale on price direction. If so this would be awesome to study each morning if wanting To buy or sell.

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  19. #6082

    Default Re: coolhand's Account Talk

    Quote Originally Posted by airlift View Post
    Mcqlives,

    As a reference point, I will appreciate if you can explain how you used NYUD for daily trades, what helpful signs you were looking for, and how effective indicator did you find it for your daily trades? Tia.
    I would actually look at NYUD and NYAD and treat the DOW TRANS as a leading indicator. Like others have said, the volume of trades off of both of these A/D charts during the first part of the day set the "mood" for the day...at lease generally speaking. If that Volume was higher with the markets moving positive, with a weak dollar especially, I would look for re-allocating my funds. Say I was 100% C and the US Markets were going strong with a 1+% gain going into the cut-off on high volume with a falling Dollar. I would then look at doing a transfer into the I fund in anticipation of a good day the next day. Most of the time it paid off very nicely.

    Inversely, with the markets headed down on high volume, I would tend to bail to G, sometimes F, depending on the strength of the dollar.

    For example, with NYUD as the example and starting in the G fund, I would have done this recently (all dates would be COB prices) ...Go to C on the 6th, Go to I on the 7th, out to G or F on the 8th and then back into C or I on the 12th. The next move, if I had landed in C would have been to go I yesterday and then bail to G today.

    On low volume, I would not, usually, make a change no matter which direction the markets were headed.

    I can't say this was a "system" per say but it worked for me. I, and a few friends, made good ching back then. Too bad I didn't have the balance then I have now.
    Last edited by Mcqlives; 05-21-2015 at 05:06 PM. Reason: recent

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  21. #6083

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    Default Re: coolhand's Account Talk

    I don't watch many financial videos the way I once did, but I found this one to be very insightful and having been around the markets for quite some time now, what Jeremy had to say resonated with me.

    First, an introduction on who the speaker is:

    Jeremy Grantham is a British investor and co-founder and chief investment strategist of Grantham Mayo van Otterloo (GMO), a Boston-based asset management firm. GMO is one of the largest managers of such funds in the world, having more than US $118 billion in assets under management as of March 2015. Grantham is regarded as a highly knowledgeable investor in various stock, bond, and commodity markets, and is particularly noted for his prediction of various bubbles. He has been a vocal critic of various governmental responses to the Global Financial Crisis. Grantham started one of the world's first index funds in the early 1970s.

    In 2011 he was included in the 50 Most Influential ranking of Bloomberg Markets magazine.

    Grantham to Investors: Brace Yourselves

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  23. #6084

    Default Re: coolhand's Account Talk

    Hi Coolhand,

    Very good video.... and yes very insightful. Thank you!!
    Don't take my comments as trading advice /IFT: 2-13-24=100G/https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410


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