Market Comment

The following report was provided to subscribers on Wednesday, July 31. *** The stock market continues to represent above-average risk. For starters, the Nasdaq Composite is eight weeks into a rally following a five-week, 10.8% correction. Yet there has only been one major accumulation day if one doesn’t count June 28, the final day of…

Intraday volume calculation

So it is the middle of the trading day and the stock that you have been stalking finally makes the move you have been waiting for and breaks out of that textbook basing pattern. But how do you know whether volume is likely to end the day at least 40% or 50% above average? This…