On an intraday basis it's been noteworthy that the NYAD has rarely fallen below 1 in the past two weeks. Shown below is the 30 minute bar chart of the NYAD for the past 12 days. While there were 2 instances of the NYAD running in the mid .5 range most of the day, we have not seen the .3 levels that normally presage the NYAD dips to the low teens, which are characteristic of reversals. Bottom line . . there has solid accumulation during this period and while it may have been of the low volume variety most of the time, shorts have had a very hard time finding any traction.
Asute readers may have noticed I've made a few changes to the blog layout to expedite loading time and avoid the occasional browser crashes that a few readers have complained about associated with the multiple FSC real time Qs and GE charts. Those charts have been migrated to a another site, which actually contains even more BZB preformatted charts designed to facilliate daytrading the Qs VIXEN, the GE VIXEN and the DIG/FAS pair. This is a work in progess and may eventually be a stand alone product with daily updates of the VIX PDQ Dashboard and pair trading ideas.