The Wyckoff Wave Continues Its Rally Off The Lows

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave continued its rally of the last month.  Volume has not been impressive on the rally. The O-P was also up for the week. The Force Index flat for the week. The Technometer is overbought.   The OP and Wyckoff Wave is showing no major divergences or inharmonious action for the past week.   We was expecting the Wave to begin a correction this past week.  We did get an overbought Technometer this …

The Wyckoff Wave Extended Its Gains

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave continued its rally of the last 3 weeks.  Volume was not impressive on the rally. The O-P was up slightly for the week. The Force Index rallied for the week as well. The Technometer is not yet overbought.   The OP and Wyckoff Wave is showing no major divergences or inharmonious action.   We was expecting further strength this past week, and that possibly leading to the Technometer registering an overbought condition.  …

The Wyckoff Wave Continued Its Recovery As Expected

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave continued its rebound off of recent oversold levels.  Volume was lower for the holiday period. The O-P was up slightly for the week. The Force Index rallied for the week as well. The Technometer is still trading above neutral, but not overbought.   The OP showed some slight outperformance to the upside this past week, but nothing to warrant any trades.   We was expecting further strength this past week, and that …

The Wyckoff Wave Rebounded As Called For

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave rebounded this week as we had expected.  Volume was lower for the holiday period. The O-P also rallied for the week. The Force Index rallied for the week as well. The Technometer is trading above neutral.   The OP rallied in lockstep with the Wyckoff Wave this past week.  No divergences to report.   We was looking for a short term low when the week began.  We was looking for those stocks …

The Wyckoff Wave Correction Continues As Expected

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave continued its correction this week.  Volume increased to the downside as the week progressed. The O-P continued hitting fresh new lows for the correction. The Force Index was slightly lower for the week. The Technometer trading near oversold levels.   The OP has continued with its out performance to the downside.  It closed on its lows for the week except for the last 5 minutes of Friday’s session.   We was hoping …

The Wyckoff Wave Continued Lower For The Week

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave continued its correction last week.  Volume was at average levels. The O-P continued hitting fresh new lows for the correction. The Force Index was lower for the week as well. The Technometer came off a deeply oversold condition at Monday’s lows.   The OP has continued with its out performance to the downside.  It closed on its lows for the week. There are small positive divergences when compared to the price low …

The Wyckoff Wave Experienced a Sharp Correction

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave turned sharply lower as we was expecting.  Volume was slightly higher when compared to the previous rally. The O-P went to another new low for this correction . The Force Index was lower for the week. The Technometer is near an oversold condition.   The OP had made a new low for the recent correction.  It closed on its lows for the week. There is a small positive divergence when compared to …

The Wyckoff Wave Rallied Off Of Support As Expected

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave recovered last week as we was expecting.  Volume did not increase on the rally, but did have nice five day push higher. The O-P was also higher for the week. The Force Index was up sharply for the week. The Technometer is near an overbought condition.   The OP had made a new low for the recent correction coming into the week, which we pointed out was a bullish divergence.   It did …

The Wyckoff Wave Continued its Correction Last Week

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave continued its correction last week.  Volume was slightly lower for the week as we tested previous lows. The O-P was lower for the week, and went to another new low for this recent selloff. The Force Index was also lower for the week. The Technometer is registering an oversold condition.   We had expected the Wyckoff Wave to rally last week but it continued lower to test the previous lows.  The OP …

The Wyckoff Wave Corrected the Recent Advance as Called For

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave corrected as expected last week.  Volume was at average levels for the week. The O-P was lower for the week, and also went to a new low for this recent selloff. The Force Index was also lower for the week. The Technometer is registering a deeply oversold condition.   We had expected further weakness this last week and it occurred.  The OP continued its recent downtrend as well and traded weak into …

The Wyckoff Wave Corrected the Recent Decline

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave extended its gains as expected last week.  Volume was slightly lower for the week. The O-P was slightly higher for the week. The Force Index was also higher for the week. The Technometer is in an overbought condition.   We had expected further rally this past week and it occurred.  The OP did trade in lockstep with the Wyckoff Wave.   With the Spring occurring at the bottom of the range as …

The Wyckoff Wave Rallied As Expected

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave rallied off oversold levels as expected last week.  Volume was also higher for the week. The O-P was slightly lower for the week. The Force Index was also lower for the week. The Technometer is trading slightly below neutral.   We had expected a rally this past week and got one.  The OP did not respond as well as we would have liked for the bull argument.   The one year daily …