Spring of the trading range

Todd Butterfield Week In Review Leave a Comment

The Wyckoff Wave experienced a sharp sell off into late Wednesday/early Thursday, and then finished the week recovering some of the losses.  For the week we closed lower on an increase in volume, which shows supply was present. The Technometer registered an oversold reading on the selloff. The S&P was down approximately .4% for the week and the Nasdaq was down  .6%. The Wyckoff Wave had a quick selloff thru the support of the recent …

Dull Sideways Action Continues

Todd Butterfield Week In Review Leave a Comment

The Wyckoff Wave spent another week moving sideways to slightly lower.  Volume was lethargic as well.  Our indicators show slight supply present. The Technometer spent the week trading neutral. The S&P was down approximately .5% for the week and the Nasdaq up over .3% for the week. The Wyckoff Wave spent the week drifting slightly lower.  We have been in the midst of a correction with no indications yet of leaving the trading range in …

Wyckoff Wave drifting…

Todd Butterfield Week In Review Leave a Comment

The Wyckoff Wave spent the majority of the week drifting lower before a slight recovery on Friday.  Volume was slightly lower for the week. Our indicators show slight supply present. The Technometer spent the week trading near oversold/neutral. The S&P was up approximately .7% for the week and the Nasdaq up over .9% for the week. The Wyckoff Wave spent the week drifting slightly lower.  We have been in the midst of a correction with …

Wyckoff Wave at the top of the range…

Todd Butterfield Week In Review Leave a Comment

The Wyckoff Wave began the week strongly higher Monday/Tuesday, then spent the rest of the week trading sideways in a narrow range. Volume was slightly higher on the rally, then trailed off the last three days on the pullback.  Our indicators show slight demand present, then supply came back in again. The Technometer spent the week trading near neutral. The S&P was up approximately 1.5% for the week and the Nasdaq up over 2.0% for …

Wyckoff Wave still continuing in this sideways, low volatility range

Todd Butterfield Week In Review Leave a Comment

The Wyckoff Wave opened higher Monday, and then spent the rest of the week trading basically sideways.  Volume was slightly higher this week but still trading average levels.  Our work showed some supply still present. The Technometer spent the majority of the week trading below neutral near oversold, and closed there. The S&P was up approximately .75% for the week and the Nasdaq up over 1.5% for the week. The Wyckoff Wave spent the week …

Wyckof Wave has its lowest close since February 10th

Todd Butterfield Week In Review Leave a Comment

The Wyckoff Wave opened higher Monday, and stair stepped lower the rest of the weak.  For the week the Wave was down 750 points.  Volume was at normal low levels and showed supply present. The Technometer spent the majority of the week trading near neutral and finished the week slightly below neutral. The S&P and Nasdaq Indices were both down over 1% for the week. The Wyckoff Wave spent the week slowly working lower.  We …

Dull Sideways Action….

Todd Butterfield Week In Review Leave a Comment

The Wyckoff Wave opened lower Monday, then rallied into Wednesday before succumbing to a sharp reversal.  The Wave then spent Thursday/Friday trading sideways.  For the week the Wave was up slightly.   Volume gave no strong clues during the week, but showed supply still present. The Technometer spent the week trading near neutral and finished Friday slightly below neutral. The S&P and Nasdaq Indices were both down slighlty for the week. The Wyckoff Wave spent …

Wyckoff Wave Still In The Midst Of A Correction

Todd Butterfield Week In Review Leave a Comment

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 Leave a Comment

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 Leave a Comment

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 …

Reaction Continues

Todd Butterfield Week In Review Leave a Comment

The Wyckoff Wave continued the reaction that began the week before.  It did not make much downside progress, but a continued slight correction nonetheless.   The price and volume relationship shows supply still present. The Technometer was extremely overbought a week and a half ago, but with volume coming in on the downside on this reaction, it has brought the Technometer back to below a neutral reading.  It currently sits at 40.10, with a reading …

Reaction Off The Highs

Todd Butterfield Week In Review Leave a Comment

The Wyckoff Wave spent the first two days of last week trading in a narrow range, until Wednesday’s strong rally to point J.  Then it proceeded to give up some of the gains at the end of the week.  Volume was slightly higher on Wednesday’s rally, but still not coming in strongly. The Technometer was extremely overbought going into Wednesday’s rally and possibly helped stop the rally from materializing into much more than a one …