"No warning can save people determined to grow suddently rich" - Lord Overstone

  • 14 hours Is This The Death Of The iPhone X?
  • 15 hours Is London Still The Financial Capital Of The World?
  • 16 hours Is Gold Staging A Comeback?
  • 17 hours The $200 Million ‘Golden Parachute’ For Rupert Murdoch
  • 18 hours Bitcoin’s Breakout Is Not As Bullish As it Seems
  • 20 hours Farmers On Edge As Trade War Hits U.S. Grain Shipments
  • 22 hours Is Silver Poised For A Massive Break Out?
  • 2 days Meet The Hedge Fund Billionaires Club
  • 2 days The Next Housing Crisis Could Be Right Around The Corner
  • 2 days Cartel's, Pirates And Corruption Cost Mexico $1.6 Billion Per Year
  • 2 days Africa’s Fastest Growing Economy
  • 2 days The Blockchain Boom Hits The Utilities Sector
  • 2 days Why Smart Money Is Selling Off Right Before The Bell
  • 2 days Tech Giants Rally Ahead Of Earnings Reports
  • 3 days Global Debt Hits 225% Of GDP
  • 3 days The World’s First Trillionaire Will Be A Space Miner
  • 3 days How Student Debt Could Cause The Next Real Estate Crisis
  • 3 days This $550 Billion Industry Is Betting On Bitcoin
  • 3 days One Commodity Set To Soar On Russian Sanctions
  • 3 days China’s New Car-Market Rules
Oligarch Risk: The New Red Flag For Investors

Oligarch Risk: The New Red Flag For Investors

Investors are scrambling to diversify…

Investors Bullish As Earnings Season Kicks Off

Investors Bullish As Earnings Season Kicks Off

The first round of earnings…

3 Stocks to Watch This Earnings Season

3 Stocks to Watch This Earnings Season

Stocks began Friday with a…

readtheticker

readtheticker

We are financial market enthusiasts using methods expressed by the Gann, Hurst and Wyckoff with a few of our own proprietary tools. Readtheticker.com provides online…

More Info

Alphabet Inc Suffers Distribution

Feather

There is something going on at GOOGLE.

Large down swings on high volume over the last 6 months. Kinda get the feeling the month end earnings report (April 27 2017) may have a few negative surprises. We have seen the stories that advertisers are unhappy with the shot gun approach used by google to apply advertising dollars. Some one is unloading!

A high volume downswing can be bullish if the damage to the trend is not too bad and are infrequent, but when you see 5 down swings where the volume is greater than the up swing, you just have to conclude prices are being held up by the market makers to allow some big whale to sell at very good average prices.

Our readtheticker.com customised OBV tool (RTTOBV-Trend (Daily)) shows the trend has changed for the price volume pressure as it shows divergence. Warning, and suggest to investors be careful out there!

It is true however the Wyckoff law of Effort vs Results would suggest with all this volume on the down swing and it has yet to do serious price damage it can be considered bullish. This is true, however it still is not a great sign, while other stocks can be considered as they show better price and volume action health.

The point is the next high volume swing, maybe a feather that breaks the trend.

Alphabet Inc. Daily Chart
Larger Image

Investing Quote...

"At long as a stock is acting right, and the market is right, do not be in a hurry to take profits." ~ Jesse Livermore Trading Rule

"If it's obvious, it's obviously wrong." ~ Joe Granville

"It is better to have few stocks and to watch them carefully." ~ Bernard Burach

"Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected." ~ George Soros

"If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he is wrong." ~ Bernard Baruch

 

Back to homepage

Leave a comment

Leave a comment