Wyckoff Wave Still In The Midst Of A Correction

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave opened Monday sharply lower, then rallied into Thursday, before succumbing to a selloff on Friday.  For the week the Wave was up slightly.   Volume gave no strong clues during the week, but showed some supply still present. The Technometer spent the week trading near neutral and finished Friday slightly above neutral. Volatility picked up on Monday’s selloff and then settled back down to close slightly lower for the week.  VIX closed …

Wyckoff Wave Continues Its Correction

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave spent the past week extending its correction of the last month.  Volume increased on the selloff and shows supply present. The Technometer spent the week trading near neutral and finished Friday slightly below neutral. Volatility picked up slightly and is at the high end of the range for the last year or so.  VIX closed the weak at $12.96. The S&P and Nasdaq Indices were both down appoximately 1.4% for the week. …

Wyckoff Wave Trading in a Narrow Range

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave spent the past week trading sideways with very little movement, and closing slightly lower for the week.   The price and volume relationship shows supply still present.  It was not dominant, but still present. The Technometer was nearing oversold early in the week, but now back to above a neutral reading.    Any further rally in the Wave, will take the Technometer to overbought quickly. Volatility has not picked up, and we …

New addition to our Wyckoff Indices

Todd Butterfield Market Opinion-Free 0 Comments

Due to interest from our subscriber list, we have just added a new indice to our arsenal of tools to help us navigate the stock market. We have added WWN, which is “Wyckoff Wave New” and its symbol components are a who’s who of the most important sectors in the current market. Biotech – Amgen/AMGN Consumer Discretion – Amazon/AMZN Consumer Staples – Procter & Gamble/PG Financial – Wells Fargo/WFC Healthcare – Johnson & Johnson/JNJ Industrial …

Markets Under Pressure

Todd Butterfield Market Opinion-Free, Model ETF Portfolio, Model Stock Portfolio 0 Comments

Last Thursday we posted on Twitter to liquidate our long positions in  SPY,  XLE, VNQ, GE, XOM, and MSFT.  Our Wyckoff Tools showed us an overbought market and one that was due for some type of pullback.  Friday was a day of intense selling and so far today we have the same.  Wyckoff Wave is currently trading at 36,269. As Jim O’Brien has been discussing in all of his writings, we have been waiting for …