Trending High Volume Stocks - Preview, 09/13/09
Trending High Volume Stocks - Preview
This is the early output of the Trend Day Indicator applied to the current list of high volume stocks whose price is greater than five dollars. The chart was made at the close of 9/11/2009 but is a real time indicator that runs throughout the day helping us tell trend days from range days, and highlight trending stocks and potential pairs trades.Things to Notice - (9/11/09 Closed Relatively Unchanged on the Day):
- The majority of stocks aren't trending indicating a range day
- The stocks that are trending are only nominally trending
- The number of non-trending stocks is greater than the number of trending stocks implying a range day and not a trend day
- The number of stocks trending up is about equal to the number of stocks trending down again implying a range day and not a trend day
- There are interesting pairs trades that show up between stocks trending up and stocks trending down
Rough Preview Chart of the Trend Day Indicator Applied to High Volume Stocks