This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Custom ActivityBar Study - September 16, 2013

While the S&P 500 is trading near all-time highs, it is interesting to take a step back and see how recent activity relates to past trading activity. The chart reveals a custom ActivityBar study that shows the cumulative price distribution of the E-mini S&P 500 Continuous Contract (@ES) roughly since 1998, using a volume filter of 50,000. The distribution follows a general bell-shaped curve as may be expected, but notice that there are a number of unfilled areas. In fact, trading above 1,450.00 has been quite choppy with a number of unfilled areas. Three different levels are marked on the chart below (i.e., DT1-3), reflecting potential downside targets where support might be found. These three levels, which may go unnoticed on a regular price chart, come in at 1,633.50, 1,584.50, and 1,512.50. The index remains in an uptrend for now, but if the index experiences a pullback, the discussed levels could come in handy as potential targets.

You can read more of this blog here.

Written by Frederic Palmliden, CMT, Senior Quantitative Analyst, TradeStation.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
SYM TRADE IT LAST %CHG
AAPL $125.01 -0.63%
FB $78.10 0.70%
GOOG $524.22 -1.24%
TSLA $230.43 -1.08%
YHOO $41.66 0.87%

Markets

DOW 17,841.98 -86.22 -0.48%
S&P 500 2,080.15 -9.31 -0.45%
NASDAQ 4,919.6440 -19.6830 -0.40%

Partners Compare Online Brokers

Free Reports