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AXPW: IntraDay Trade & Buy:Sell Inflection Point Charting Beginning 12/01/2014 $AXPW http://seekingalpha.com/p/237ad Nov 29, 2014

(UQM) Short Interest Table $UQM http://seekingalpha.com/p/233uh Nov 27, 2014

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AXPW SplitAdjusted FailsToDeliver Charts 2014 Onward
A brief discussion of why I am maintaining this blog occurs in "AXPW FailsToDeliver Charts 2/11/2013" along with charts that maintain the presplit adjustment volumes and prices through the end of 2014.
As before, I will update the charts here approximately every two weeks as data from the SEC becomes belatedly available. It is not timely or useful for assessing current behavior at all.
As before, keep in mind that volume of fails are aggregate volumes at a point in time, not daily volume changes. This means you can not see the addition of new failures or the closing of prior failures in discrete terms, except at the beginning and end of a period in which some appear and finally disappear.
The following charts are reversesplit adjusted. Note that the volume charts are logarithmic, so movements are visually "magnified" at the lower ranges and "reduced" in the upper ranges.
(click to enlarge)
(click to enlarge)
Disclosure: The author is long AXPW.
Additional disclosure: Most of my stuff is experimental. I'm still early in the learning curve. I have a tinfoil hat and hate our socalled regulatory process.
AXPW: IntraDay Trade & Buy:Sell Inflection Point Charting Beginning 01/02/2015
Links to blogs older than the 01/01/2014 version, PIPE discussions, one year charts will be found only in that and older blogs. Most historical short sales related stuff has also been chopped.
In the below chart the volume is inverted to enhance readability! Be aware when you view it!
(rightclick and open in new tab, position cursor over image to be able to zoom and scroll)
Next are modified inflection point calculation charts bracketing a price chart for comparison.The next two identically calculated inflection points are calculated differently from the original above. I have two different presentations of this newer version. The top one has all periods on the same scale. The bottom one has longer periods on the left scale and shorter periods on the right scale. The hope is that shorter period changes will be easier to spot. More work to do, this is a start, hopefully.
Other changes I want to try are still waiting for me to work on them.
(rightclick and open in new tab, position cursor over image to be able to zoom and scroll)
Older stuff for "2013 Dly Sht % of 'sells' values", Weekly 85% price summaries going back to 6/14/2012, and some daytoday VWAP changes stuff going back to 10/09 are available in AXPW: IntraDay Trade & Buy:Sell Inflection Point Charting Beginning 10/1/2013.
N.B. It occurred to me that some may wonder why my high, low or close may not match with what's reported by various services you reference. The reason is that rules prohibit using oddlot trades for certain critical metrics presented to the retail investor. I honor no such prohibition. I can see only selfinterested reasons from the financial community justifying such rules.
01/23/2015: EOD stuff partially copied to the concentrator.
# Trds: 174, MinTrSz: 40, MaxTrSz: 6600, Vol: 87168, AvTrSz: 501
Min. Pr: 0.3801, Max Pr: 0.4179, VW Avg. Tr. Pr: 0.3947
# Buys, Shares: 89 51085, VW Avg Buy Pr: 0.3981
# Sells, Shares: 74 26579, VW Avg Sell Pr: 0.3881
# Unkn, Shares: 11 9504, VW Avg Unk. Pr: 0.3943
Buy:Sell 1.92:1 (58.61% "buys"), DlyShts 18940 (21.73%), Dly Sht % of 'sells' 71.26%
There were 8,140 exempt short shares included in the short total, bringing the total down to 10,800 from 18,940 if these are excluded. The short percentage would move from 21.73% to 12.39%. The short exempt quantity came from the NASDAQ, which reported only 8,640 shorted. So the "exempt" was 94.21% of the NASDAQ shorted volume and, with NASDAQ traded volume of 44,299, the 8,640 NASDAQ short volume was 19.5% of the total NASDAQ traded volume for the day.
I could get used to what's being seen the last two days in some of the metrics. Since 1/21 we had the buy percentage improve by 78.67% and then 62.70%, going from 20.2% to 36% and then 58.6% today. Too bad the volume went the opposite direction though  +183.12% and then 32.71%, going from ~46K to ~130K and then ~87K. But maybe it was just a "Friday effect"? After all, 87K is well above (double or better) the prior day's averages, in thousands, of 43.54, 41.76, 42.93, 42.65 for the respective 10, 25, 50 and 100day averages?
This produced a big drop in the VWAP deterioration  down only 4.60% after two (worsening) days in excess of 21% each day. Even the daily short percentage "behaved", rising as did buy percentage, just like it should in a somewhat "normal" market for us. Of course, I have begun to question if that directional (not in magnitude though) correlation holds in the new market we're in, so I wouldn't place any weight on this oneday behavior.
Have the attacks on share price ceased or just taken a temporary hiatus?. Check out the breakdown by time where an absence of intraday weakening, in both VWAP and buy percentages, is a big change. N.B. That buy percentage weakening may be an artifact of my attempts to break things where price or buy/sell behavior changed. A regular interval might not show these variations.
We broke the pattern of the highs being set by the first trades of the day (six of seven days). Today it was the low that was set then. We also did not set the lows, or even near them, at the end of the day (a recent shortterm pattern that had already been broken). We closed at $0.4089 (albeit a single 1,225 share trade at the close), 2.48% above the midpoint of the day with good support leading into it as prices remained >= $0.40 from 14:42 onward. It was only 17 trades comprising only ~6.3% of the day's volume though, so it could have been better (said the man looking the gifthorse in the mouth).
OTOH, volume on prices of >=$0.40 comprised about 21% of the day's volume. After a VWAP of $0.3947 yesterday it is good to see a decent portion above that.
This is where I would normally throw some cold water on what's just been said, so here goes!
"Ahem" my rosecolored glasses friend! 79% of volume had a VWAP well below yesterday's VWAP! We need to see improved buy percentage, VWAP, intraday price behavior on "normal", or at least occasional rising, volume rather than only when volume is falling. Without this condition we can't really have any faith in the positives we find while searching so hard for them.
That includes my inflection point calculations. Fortunately they bring a spark of sanity. They are so far underwater ATM and have none of "the pattern" I look for so we can only read reduced weakening from them, not yet strengthening. Being very sensitive to volume and buy percentage, this is as it should be for the moment.
Today's low, high, VWAP, trade volume, and daily short sales moved 2.45%, 14.73%, 04.60%, 32.71% and 2.72%. Price spread today was 9.94% vs. 36.49%, 20.26%, 14.60%, 10.82%, 27.13%, 16.48%, 9.64%, 7.22% and 1.02% on prior days.
Here's a trading breakdown by arbitrary timeframes.
09:3009:30: 000100 shrs, 00.11% of vol, VWAP $0.3801, 000.0% buys
09:3209:38: 013900 shrs, 15.95% of vol, VWAP $0.4088, 096.4% buys
09:3909:59: 008115 shrs, 09.31% of vol, VWAP $0.3858, 020.9% buys
10:0410:05: 002420 shrs, 02.78% of vol, VWAP $0.3889, 087.6% buys
10:1710:59: 008048 shrs, 09.23% of vol, VWAP $0.3804, 019.9% buys
11:0611:45: 002700 shrs, 03.10% of vol, VWAP $0.3838, 092.6% buys
11:5612:48: 014000 shrs, 16.06% of vol, VWAP $0.3920, 080.0% buys
13:0813:22: 008500 shrs, 09.75% of vol, VWAP $0.3950, 092.9% buys
13:3013:59: 011820 shrs, 13.56% of vol, VWAP $0.3956, 039.8% buys
14:0414:39: 012100 shrs, 13.88% of vol, VWAP $0.3944, 019.8% buys
14:4214:49: 002500 shrs, 02.87% of vol, VWAP $0.4072, 084.0% buys
15:2415:59: 001740 shrs, 02.00% of vol, VWAP $0.4015, 013.8% buys
16:0016:00: 001225 shrs, 01.41% of vol, VWAP $0.4089, 100.0% buys
Here's a trading breakdown by arbitrary price ranges. Note the comments above about intraday high and low when looking at the high and low ranges.
$0.3801$0.3839: 012976 shrs, 14.89% of vol, VWAP $0.3804, 020.8% buys
$0.3858$0.3880: 004987 shrs, 05.72% of vol, VWAP $0.3870, 028.1% buys
$0.3900$0.3945: 031920 shrs, 36.62% of vol, VWAP $0.3925, 062.4% buys
$0.3950$0.3984: 018320 shrs, 21.02% of vol, VWAP $0.3964, 055.1% buys
$0.4000$0.4045: 003100 shrs, 03.56% of vol, VWAP $0.4002, 035.5% buys
$0.4080$0.4090: 007265 shrs, 08.33% of vol, VWAP $0.4088, 100.0% buys
$0.4100$0.4100: 007600 shrs, 08.72% of vol, VWAP $0.4100, 100.0% buys
$0.4179$0.4179: 001000 shrs, 01.15% of vol, VWAP $0.4179, 100.0% buys
Some daytoday VWAP changes, with the end date shown and the percentage change from the prior day. Buy percentage is the last value on each line.
01/09 $0.9720 02.55% 65.1%
01/12 $0.9372 03.57% 09.5%
01/13 $0.7896 15.75% 56.1%
01/14 $0.8088 +02.44% 34.1%
01/15 $0.8122 +00.42% 31.0%
01/16 $0.7856 03.28% 81.0%
01/20 $0.6815 13.25% 25.9%
01/21 $0.5360 21.35% 20.2%
01/22 $0.4137 22.82% 36.0%
01/23 $0.3947 04.60% 58.6%
The larger trades (>= 500) occurred on 39 of the 174 trades, 22.41%. These 67,386 shares were 77.31% of day's volume, and traded at a VWAP of $0.3953. 27 of the larger trades, 69.23%, were buys of 41,125 shares, 61.03% of the larger trades volume, and traded at a VWAP of $0.3991. 10 trades, 25.64%, were sells and accounted for 17,861 shares, 26.51% of the larger trade volume, and traded at a VWAP of $0.3870. 2 trades, 5.13%, were unknowns and accounted for 8,400 shares, 12.47% of the larger trade volume, and traded at a VWAP of $0.3947.
The other 135 trades, 77.59%, traded 19,782 shares, 22.69% of the days volume. The VWAP was $0.3924. 62 trades, 45.93%, were buys and accounted for 9,960 shares, 50.35% of the smaller trade volume, and traded at a VWAP of $0.3944. 64 trades, 47.41%, were sells and accounted for 8,718 shares, 44.07% of the smaller trade volume, and traded at a VWAP of $0.3903. 9 trades, 6.67%, were unknowns and accounted for 1,104 shares, 5.58% of the smaller trade volume, and traded at a VWAP of $0.3915.
"Dly Sht % of 'sells'" and inflection point changes here are omitted from the concentrator.
Here's my newer inflection points, oldest to newest. The calculations for all periods reflect a better day with lower volume and higher buy percentage that produced a reduction in the VWAP rate of deterioration  down "only" 4.6% today. See the notes above about buy percentage and volume, the key components of the calculations.
_5day_ 10day_ _25day_ _50day_ _100day_ _200day_
022.47 0120.13 0155.36 0777.84 01418.04 03365.74
019.45 0112.53 0176.29 0786.61 01625.42 03775.90
016.45 0109.11 0201.45 0868.43 01846.47 04123.38
025.93 0110.23 0345.66 1400.79 03082.64 06819.85
026.98 0080.18 0289.67 1156.73 02562.99 05687.40
027.40 0059.50 0282.67 0969.46 02220.37 04970.58
021.03 0045.87 0256.03 0892.22 02073.01 04679.71
053.60 0080.22 0383.85 1098.41 02805.30 06170.42
094.50 0137.62 0567.41 1418.96 04123.08 08837.13
150.06 0231.54 0807.31 1949.31 05658.61 11966.68
120.40 0197.95 0704.42 1679.91 05032.67 10525.67
On my ORIGINAL inflection point calculations, readings for 5, 10, 25, 50, 100 and 200 day periods:
 1day change 
01/14 839.3% +12.7% 13.1% 03.1% 00.6% 00.5%
01/15 113.2% +04.6% 21.9% +01.8% 01.0% 01.5%
01/16 +45.0% +32.5% +08.8% +03.2% +02.7% +01.8%
01/20 264.3% 69.3% 30.0% +04.8% 03.8% 03.4%
01/21 110.6% 47.8% 13.1% +14.0% 02.8% 02.9%
01/22 34.7% 48.1% 13.9% 05.2% 02.0% 02.3%
01/23 +39.3% +27.7% +12.5% +01.1% +03.8% +03.6%
 5day change 
01/14 046.7% 016.7% 066.1% 058.2% 032.5% 031.1%
01/15 071.9% 009.7% 338.7% 005.7% 115.1% 054.0%
01/16 +021.6% 006.1% +027.7% 051.0% +362.7% +032.2%
01/20 313.2% 037.7% 217.3% +044.6% 231.9% 330.7%
01/21 258.3% 140.2% 062.1% +075.6% 256.6% 129.3%
01/22 021.8% 197.8% 014.8% 005.6% 028.0% 030.6%
01/23 +053.0% +044.3% +052.6% 004.6% +072.0% +063.9%
 5day rate of change 
01/14 287.0% 043.6% 139.7% 094.5% 050.2% 040.1%
01/15 077.1% 029.1% 921.0% 224.4% 173.4% 037.2%
01/16 +012.2% 043.2% +021.7% 583.2% +036.6% 043.3%
01/20 046.6% 181.8% 094.0% 002.4% 175.3% 337.6%
01/21 037.0% 409.6% 054.1% +012.0% 090.1% 105.2%
01/22 +006.9% 015.5% +005.4% +108.8% 001.2% 011.4%
01/23 +057.6% +023.1% +078.2% +005.3% +084.7% +062.0%
On my NEWER inflection point calculations, for those same periods:
 1day change 
01/14 004.04% +027.26% +016.20% +017.42% +016.86% +016.61%
01/15 001.55% +025.79% +002.42% +016.19% +013.37% +012.60%
01/16 +023.22% +022.90% +009.42% +007.97% +006.64% +005.85%
01/20 154.84% 074.87% 049.93% 023.11% 035.33% 031.85%
01/21 076.28% 071.56% 047.82% 029.18% 046.97% 043.22%
01/22 058.80% 068.25% 042.28% 037.38% 037.24% 035.41%
01/23 +019.77% +014.51% +012.75% +013.82% +011.06% +012.04%
 5day change 
01/14 072.89% 001.11% +024.48% 021.93% +029.47% +029.71%
01/15 173.49% +012.20% 014.60% +036.44% +017.59% +026.02%
01/16 +067.90% +009.93% +037.37% +044.89% +044.21% +043.68%
01/20 2250.00% 056.65% 128.75% 117.76% 114.22% 126.49%
01/21 084.52% 194.79% 021.57% +092.10% 008.51% +001.45%
01/22 079.51% 452.60% 133.43% 4262.15% 197.53% 211.27%
01/23 +024.44% +008.53% +018.52% +010.36% +009.15% +011.53%
 5day rate of change 
01/14 034.26% 036.47% +039.06% 056.17% +042.89% +045.71%
01/15 071.45% 092.28% 086.77% 081.94% 061.71% 045.66%
01/16 +020.46% +318.70% +049.82% +033.21% +058.76% +065.24%
01/20 050.20% 439.20% 080.37% 034.33% 081.86% 145.09%
01/21 +014.71% 059.04% +064.40% +137.27% +133.63% +153.24%
01/22 039.11% 150.37% 444.68% 314.39% 724.32% 484.35%
01/23 +032.14% +003.08% +027.58% 005.64% +005.28% +003.88%
Rolling 5day ORIGINAL inflection point calculation aggregate change:
******* ******* *5 Day** *10 Day * * 25Day ** 50 Day **100Day* 200 Day
01/14 5 day +25.68 +88.2050 +12.3380 +79.6360 +21.7964 +20.5127
01/15 5 day +7.211 +79.6860 29.4560 +75.1160 3.2824 +9.4384
01/16 5 day +8.766 +74.8570 21.3010 +36.7860 +8.6245 +12.4740
01/20 5 day 18.686 +46.6640 67.5790 +53.1950 11.3767 28.7732
01/21 5 day 66.946 18.7480 109.5380 +93.4160 40.5750 65.9841
01/22 5 day 81.512 55.8320 125.6970 +88.1480 51.9500 86.1650
01/23 5 day 38.284 31.0730 59.5850 +84.0760 14.5444 31.1004
Average change/day, 5 days
____ **5 Day *10 Day *25 Day *50 Day 100 Day 200 Day
01/14 007.37 +014.86 001.22 +002.53 +005.98 +011.02
01/15 013.05 +010.53 012.47 003.15 004.39 +006.92
01/16 011.47 +005.98 009.76 021.51 002.79 +003.93
01/20 016.81 004.89 018.94 022.03 007.67 009.33
01/21 023.03 024.93 029.18 019.39 014.57 019.15
01/22 021.44 028.81 027.61 +001.70 014.75 021.34
01/23 009.10 022.15 006.03 +001.79 002.25 008.11
Rolling 5day NEWER inflection point calculation aggregate change:
******* ******* *5 Day** *10 Day * * 25Day ** 50 Day **100Day* 200 Day
01/14 5 day +0006.70 +0054.04 0111.09 0301.47 0973.53 2169.42
01/15 5 day 0004.93 +0060.63 0127.31 0191.62 0802.33 1604.83
01/16 5 day 0001.58 +0066.65 0079.74 0105.61 0447.59 0903.82
01/20 5 day 0037.16 +0028.89 0182.41 0229.98 0958.83 2047.03
01/21 5 day 0068.56 0027.39 0221.75 0018.17 1040.44 2017.28
01/22 5 day 0123.08 0151.36 0517.64 0792.58 3095.62 6279.27
01/23 5 day 0093.00 0138.45 0421.75 0710.45 2812.30 5555.09
Average change/day, 5 days
____ **5 Day *10 Day *25 Day *50 Day 100 Day 200 Day
01/14 0010.68 +0009.41 0024.81 0075.31 0166.66 0323.72
01/15 0018.31 +0000.73 0046.33 0137.02 0269.49 0471.54
01/16 0014.57 +0003.04 0023.25 0091.52 0111.14 0163.89
01/20 0021.88 0010.32 0041.93 0122.93 0202.13 0401.67
01/21 0018.66 0016.41 0014.93 +0045.81 +0067.98 +0213.86
01/22 0025.96 0041.08 0081.31 0098.22 0424.42 0821.97
01/23 0017.61 0039.82 0058.89 0103.77 0401.99 0790.05
Dly Sht % of 'sells' values JIC it turns out to be useful...
============ 2014 ===============
Mon. 11/03 35.23% 70.11% 15.35% 9.91% 22.90%
Mon. 11/10 20.40% 19.13% 19.89% 77.14% 10.63%
Mon. 11/17 0.76% 9.92% 29.76% 81.50% 35.07%
Mon. 11/24 8.37% 1.54% 2.72% 1.84%
Mon. 12/01 24.17% 7.27% 3.41% 18.13% 0.00%
Mon. 12/08 0.63% 14.29% 14.21% 80.06% 135.25%
Mon. 12/15 22.26% 29.38% 26.21% 32.95% 5.67%
Mon. 12/22 0.00% 5.76% 1.95% 7.50%
Mon. 12/29 2.04% 6.62% 5.72%
============ 2015 ===============
Fri. 01/02 36.27%
Mon. 01/05 10.77% 0.0% 0.0% 15.74% 147.98
Mon. 01/12 34.02% 60.12% 0.0% 19.58% 323.19%
Tue. 01/20 23.36% 22.62% 24.94% 71.26%
============ 2014 ===============
Aug Avg: 22.78%, min: 00.11%, max: 115.70%
Sep Avg: 136.70%, min: 02.84%, max: 174.10%
Oct Avg: 71.56%, min: 03.86%, max: 424.30%
Nov Avg: 24.85%, min: 00.76%, max: 081.50%
Dec Avg: 20.16%, min: 00.00%, max: 135.25%
============ 2015 ===============
Jan Avg: 52.66%, min: 00.00%, max: 323.19%
0123 Vol 0087168, Sht 0018940 21.73% LHC 0.3801 0.4179 0,4089 b:s 1.92:1[210]
0122 Vol 0129538, Sht 0019469 15.03% LHC 0.3710 0.4901 0.4000 b:s 1:1.67[209]
0121 Vol 0045754, Sht 0008127 17.76% LHC 0.4470 0.6101 0.5120 b:s 1:3.90[208]
0120 Vol 0068543, Sht 0011632 16.97% LHC 0.6100 0.7500 0.6100 b:s 1:2.81[207]
0116 Vol 0018459, Sht 0010339 56.01% LHC 0.7400 0.8899 0.7400 b:s 4.68:1
0115 Vol 0027381, Sht 0003700 13,51% LHC 0.7659 0.8777 0.7659 b:s 1:2.23
0114 Vol 0028348, Sht 0000000 00.00% LHC 0.7600 0.8422 0.8422 b:s 1:1.88
0113 Vol 0063686, Sht 0016700 26.22% LHC 0.7000 0.8899 0.8277 b:s 1.29:1[206]
0112 Vol 0011642, Sht 0003552 30.51% LHC 0.8300 0.9668 0.9200 b:s 1:9.47[205]
0109 Vol 0015657, Sht 0008090 51.67% LHC 0.9120 0.9999 0.9120 b:s 1.86:1[204]
0108 Vol 0026420, Sht 0002160 08.18% LHC 0.9700 1.0400 0.9700 b:s 1:1.18
0107 Vol 0011400, Sht 0000000 00.00% LHC 0.9900 1.0001 0.9999 b:s 1:1.04
0106 Vol 0009700, Sht 0000000 00.00% LHC 0.9600 1.0100 0.9900 b:s 1:6.70[203]
0105 Vol 0014580, Sht 0001525 10.46% LHC 0.9600 1.0100 0.9701 b:s 1:141.66
0102 Vol 0022950, Sht 0004300 18.74% LHC 0.9500 1.0700 1.0100 b:s 1:1.07
1231 Vol 0073762, Sht 0002400 03.25% LHC 0.9301 1.0199 0.9400 b:s 1:1.41[202]
1230 Vol 0045077, Sht 0001762 03.91% LHC 1.0000 1.1400 1.0100 b:s 1:2.18[201]
1229 Vol 0053055, Sht 0000900 01.70% LHC 1.0100 1.0800 1.0200 b:s 1:5.79
1226 Vol 0045513, Sht 0002300 05.05% LHC 0.9600 1.0800 0.9900 b:s 1:2.75
1224 Vol 0029020, Sht 0000400 01.38% LHC 0.9700 1.0500 1.0000 b:s 1:2.59
1223 Vol 0056894, Sht 0001900 03.34% LHC 0.9600 1.0601 1.0400 b:s 1:1.61
1222 Vol 0070262, Sht 0000000 00.00% LHC 1.0500 1.1900 1.0500 b:s 1:2.16
1219 Vol 0079646, Sht 0002492 03.13% LHC 1.0700 1.3300 1.0700 b:s 1:1.54[200]
1218 Vol 0046147, Sht 0007000 15.17% LHC 1.1000 1.3800 1.2000 b:s 1.09:1[199]
1217 Vol 0014703, Sht 0001900 12.92% LHC 1.1000 1.1500 1.1200 b:s 1:1.03
1216 Vol 0035900, Sht 0006447 17.96% LHC 1.0900 1.1520 1.1500 b:s 1:1.77
1215 Vol 0016749, Sht 0001500 08.96% LHC 1.1501 1.2000 1.1800 b:s 1.25:1[198]
1212 Vol 0006139, Sht 0003357 54.68% LHC 1.1500 1.2298 1.2001 b:s 1.34:1
1211 Vol 0046260, Sht 0010458 22.61% LHC 1.0800 1.2300 1.1800 b:s 2.27:1
1210 Vol 0026882, Sht 0002000 07.44% LHC 1.0500 1.2300 1.1500 b:s 1:1.38[197]
1209 Vol 0024256, Sht 0000100 00.41% LHC 1.0600 1.2000 1.0900 b:s 31.87:1[196]
1208 Vol 0080616, Sht 0000200 00.25% LHC 0.9450 1.2620 1.2600 b:s 1.26:1[195]
1205 Vol 0017864, Sht 0000000 00.00% LHC 1.2400 1.2999 1.2500 b:s 1:3.65[194]
1204 Vol 0039526, Sht 0004183 10.58% LHC 1.2630 1.3600 1.2899 b:s 1:1.43
1203 Vol 0010278, Sht 0000200 01.95% LHC 1.3200 1.4280 1.3300 b:s 1:1.91
1202 Vol 0016040, Sht 0001000 06.23% LHC 1.3000 1.4400 1.3210 b:s 1:7.33
1201 Vol 0033221, Sht 0004429 13.33% LHC 1.3000 1.3745 1.3050 b:s 1:1.66
[210] There were 8,140 exempt short shares included in the short total, bringing the total down to 10,800 from 18,940 if these are excluded. The short percentage would move from 21.73% to 12.39%. The short exempt quantity came from the NASDAQ, which reported only 8,640 shorted. So the "exempt" was 94.21% of the NASDAQ shorted volume and, with NASDAQ traded volume of 44,299, the 8,640 NASDAQ short volume was 19.5% of the total NASDAQ traded volume for the day.
[209] There were 2,820 exempt short shares included in the short total, bringing the total down to 16,649 from 19,469 if these are excluded. The short percentage would move from 15.03% to 12.85%. The short exempt quantity came from the NASDAQ.
[208] The close ws a 75 share sell at $0.5120. Since rules don't allow an oddlot trade to set the close, the prior 600 share sell for $0.5121 is the reported close. There were 600 exempt short shares included in the short total, bringing the total down to 7,527 from 8,127 if these are excluded. The short percentage would move from 17.76% to 16.45%. The short exempt quantity came from the NASDAQ.
[207] There were 300 exempt short shares included in the short total, bringing the total down to 11,332 from 11,632 if these are excluded. The short percentage would move from 16.97% to 16.53%. The short exempt quantity came from the NASDAQ.
[206] 100% of the ARCA trades were short sells, 4K; 100% of the BATS trades were short sells (600 shares, but note that BATS Y were not, 200 shares); 1.5K of the 1.7K EDGX volume was short; 10.6K of 49.4K of the NASDAQ trades were short sales.
There were 2,400 exempt short shares included in the short total, bringing the total down to 14,300 from 16,700 if these are excluded. The short percentage would move from 26.22% to 22.45%. The short exempt quantity came from NASDAQ (2,400 shares).
[205] FINRA volume is missing 2,748 shares from the OMX facility. Ignoring the lateday oddlot trades, our low would be $0.9200. The real low(s) of the day were from a 70 share oddlot sell for $0.8300 and a preceding 30 share buy for $0.9000, both at 15:59:30, and a preceding sell of 70 shares for $0.9000 at 15:39:35. These will not appear on your normal resources. I believe the earlier 70 and 30 share transactions were a single trade and don't have anything but a TFH theory as to why this would be broken up to effectively hide the low from the market. As before, they could be market trades foolishly entered very near the close when bids and offers are being withdrawn.
[204] There were 1,100 exempt short shares included in the short total, bringing the total down to 6,990 from 8,090 if these are excluded. The short percentage would move from 51.67% to 44.64%. The short exempt quantity came from the NASDAQ (1,100 shares).
[203] The low of the day was from a 20 share oddlot trade at the open  first trade of the day. The official low is $0.9900.
[202] There were 200 exempt short shares included in the short total, bringing the total down to 2200 from 2400 if these are excluded. The short percentage would move from 03.25% to 02.98%. The short exempt quantity came from the NASDAQ (100 shares) and the NYSE (100 shares) exchanges.
[201] There were 260 exempt short shares included in the short total, bringing the total down to 1502 from 1762 if these are excluded. The short percentage would move from 03.91% to 03.33%. The short exempt quantity again came from the NASDAQ exchange.
[200] There was a large block at the close of 26,981 shares, 33.88% of day's volume. It traded 3.60% below the next higher price. If this block is removed from the day's volume, the volume drops to 52,665 and the short percentage would go to 4.73% from 3.13%. The buy:sell would go from 1:1.54 to 1.69:1 (35.94% buys to 54.35%).
[199] There were 200 exempt short shares included in the short total, bringing the total down to 6800 from 7000 if these are excluded. The short percentage would move from 15.17% to 14.74%. The short exempt quantity again came from the NASDAQ exchange.
[198] There were 400 exempt short shares included in the short total, bringing the total down to 1100 from 1500 if these are excluded. The short percentage would move from 8.96% to 6.57%. The short exempt quantity again came from the NASDAQ exchange.
[197] There were 300 exempt short shares included in the short total, bringing the total down to 1700 from 2000 if these are excluded. The short percentage would move from 7.44% to 6.32%. The short exempt quantity again came from the NASDAQ exchange.
[196] There were 100 exempt short shares included in the short total, bringing the total down to 0 from 100 if these are excluded. The short percentage would move from 0.41% to 0.00%. The short and exempt quantity came on the NASDAQ exchange.
[195] For the second consecutive day we see low shorts, 0 yesterday and 200 today, both from ARCA. This exchange was the one seen in the past that was a key indicator of price being under pressure intraday from PIPErs, a deal set up by MAXIM, the same "investment bank" that's "helped" us with this one by inserting a "cashless conversion" feature into the financing agreement after most investors had been lured in. MAXIM also states in the SEC filing that they may trade, in all manners, the stock on the open market. They have stock inhouse (both in customer accounts and their own) from the financing and their MM function allows them to be on both sides of the trade, by SEC/FINRA rules, simultaneously. The low shorts and today's "twitchy" action (including large intraday gaps in price) suggests MAXIM and/or their minions were present today. BTW, I'm not suggesting ARCA is the exchange used by MAXIM. That would be hard to ascertain because exchanges with no shorts that day may not report their trade volumes and ARCA had only 800 shares traded (meaning 25% short). Some exchanges do report even when they have no short volume. Today they reported 19,920, 15,120 of which was from EDGX. I would suspect either EDGX or one of the ones that didn't report as the exchange used by MAXIM.
[194] To have 0 shorts with this volume is extremely unusual. This says that either a lot of MMs were shortterm *very* long  recent trade and short volumes make long positions sufficient to have 0 shorts unlikely IMO  or there was a lot of intraMM/broker trading, which seems most likely. With this volume though that also seems to suggest consideration of who is doing the selling and buying for these trades. Is it really reasonable that "retail" beneficial owners that are selling would hit only buyers within their MM/broker sphere at constantly collapsing intraday VWAPS and in "bursts" (second consecutive day)? OTOH, if these are "negotiated" trades, the "bursts" of activity would be quite reasonable. In that case I would presume that some "PIPErlike" players were involved, maybe planning on a cashless conversion play down the road by forcing everlower prices? Since we again have Maxim and at least one prior PIPEr involved ...
01/22/2015: EOD stuff partially copied to the concentrator.
# Trds: 239, MinTrSz: 1, MaxTrSz: 11613, Vol: 129538, AvTrSz: 542
Min. Pr: 0.3710, Max Pr: 0.4901, VW Avg. Tr. Pr: 0.4137
# Buys, Shares: 71 46659, VW Avg Buy Pr: 0.4258
# Sells, Shares: 155 78077, VW Avg Sell Pr: 0.4064
# Unkn, Shares: 13 4802, VW Avg Unk. Pr: 0.4142
Buy:Sell 1:1.67 (36.02% "buys"), DlyShts 19469 (15.03%), Dly Sht % of 'sells' 0.00%
Today seems to be another attack on share price. Volume was very high (for us  see below), a couple noticeable trades came in 17.56% and 17.33% below the prevailing price at the time (and "prevailing" price at the time wasn't at widely separated times either), the intraday VWAP trend was generally lower (although some "resistance" was seen, though "futile"), and short percentage was low (indicating a broker or MM controlling shares was doing a lot of the selling). Selling pressure still dominated with sell percentage of 60.3% and buy percentage of ~36%, both improved from yesterday's 78.5% and 20.2% though. VWAP down another 22.82%.
For the sixth day out of seven we have the high set by the first trade(s) of the day (the first three trades, all buys, from 09:38 to 09:42 totaling 700 shares). For the second consecutive day we did NOT follow the recent pattern of three consecutive days setting the low in the last trade(s). Instead a 399 (I suspect 400) share trade, a buy for $0.3710 at 10:52, and a 3.5K sell for $0.3720 at 10:48 set the lows. These two trades were ~3% of day's volume. The first low with real volume came at $0.38 (see breakdown by price). These two low trades were 2.37% and 2.11%, respectively, below that $0.38 level.
An interesting thing about these two trades is that price with volume coming into them was $0.45 and above (albeit falling), and after them price was $0.40 and rose, briefly, back up to $0.44. So, relative to price coming in (and with volume and in a proximate time period), these two trades were down 17.56% and 17.33%, respectively, from the range before them. See the trading breakdown by time.
Mission accomplished, I guess, as price then eroded until just before the last trade of the day (400 shares for $0.40 at 16:00) and the VWAP was back down to $0.3827.
Kiss yesterday's low volume trading being not straight down on VWAP goodbye. Yesterday I said "I would like to read a lot of positive into this but lowvolume induces caution ... ". What little potential it held was wiped out by today's highvolume crushing of VWAP another 22.82%. See "Some daytoday VWAP changes" below for a broader dour view.
Volume was the highest since the 163.39K of 11/16 and then 11/6's ~170K and 10/28's ~182K. The urge to call it "capitulation volume" is tempered by how many times before we've seen such.
Short percentage weakened marginally as buy percentage rose to ~36% from yesterday's ~20%. I still don't think it means anything. In this particular environment, it's appearing that these behaviors have no semireliable correlation.
Today's low, high, VWAP, trade volume, and daily short sales moved 17.00%, 19.67%, 22.82%, 183.12% and 139.56%. Price spread today was 36.49% vs. 20.26%, 14.60%, 10.82%, 27.13%, 16.48%, 9.64%, 7.22%, 1.02% and 5.21% on prior days.
Here's a trading breakdown by arbitrary timeframes. Tough day at the races.
09:3809:42: 000700 shrs, 00.54% of vol, VWAP $0.4900, 100.0% buys
09:4809:52: 004860 shrs, 03.75% of vol, VWAP $0.4894, 100.0% buys
10:1010:34: 002300 shrs, 01.78% of vol, VWAP $0.4667, 014.1% buys
10:4010:46: 009416 shrs, 07.27% of vol, VWAP $0.4500, 000.0% buys
10:4810:52: 003900 shrs, 03.01% of vol, VWAP $0.3719, 010.3% buys
10:5611:51: 020920 shrs, 16.15% of vol, VWAP $0.4035, 048.8% buys
11:5211:57: 003000 shrs, 02.32% of vol, VWAP $0.4235, 096.7% buys
12:0213:17: 013100 shrs, 10.11% of vol, VWAP $0.4442, 061.1% buys
13:1814:18: 006417 shrs, 04.95% of vol, VWAP $0.4245, 074.8% buys
14:2615:03: 009576 shrs, 07.39% of vol, VWAP $0.4245, 077.0% buys
15:0415:15: 006186 shrs, 04.78% of vol, VWAP $0.4112, 000.0% buys
15:1715:23: 016013 shrs, 12.36% of vol, VWAP $0.4006, 000.0% buys
15:2915:37: 009260 shrs, 07.15% of vol, VWAP $0.3969, 000.0% buys
15:4415:59: 023490 shrs, 18.13% of vol, VWAP $0.3827, 028.5% buys
16:0016:00: 000400 shrs, 00.31% of vol, VWAP $0.4000, 100.0% buys
Here's a trading breakdown by arbitrary price ranges. Note the comments above about intraday high and low when looking at the high and low ranges.
$0.3710$0.3720: 003899 shrs, 03.01% of vol, VWAP $0.3719, 010.2% buys
$0.3800$0.3820: 018440 shrs, 14.24% of vol, VWAP $0.3801, 036.3% buys
$0.3900$0.4099: 050543 shrs, 39.02% of vol, VWAP $0.3999, 020.0% buys
$0.4100$0.4275: 018040 shrs, 13.93% of vol, VWAP $0.4146, 042.2% buys
$0.4300$0.4470: 021340 shrs, 16.47% of vol, VWAP $0.4407, 074.8% buys
$0.4500$0.4631: 010591 shrs, 08.18% of vol, VWAP $0.4515, 000.9% buys
$0.4700$0.4897: 005985 shrs, 04.62% of vol, VWAP $0.4858, 085.0% buys
$0.4900$0.4901: 000700 shrs, 00.54% of vol, VWAP $0.4900, 100.0% buys
Some daytoday VWAP changes, with the end date shown and the percentage change from the prior day. Buy percentage is the last value on each line.
01/08 $0.9974 +0.004% 43.9%
01/09 $0.9720 02.55% 65.1%
01/12 $0.9372 03.57% 09.5%
01/13 $0.7896 15.75% 56.1%
01/14 $0.8088 +02.44% 34.1%
01/15 $0.8122 +00.42% 31.0%
01/16 $0.7856 03.28% 81.0%
01/20 $0.6815 13.25% 25.9%
01/21 $0.5360 21.35% 20.2%
01/22 $0.4137 22.82% 36.0%
The larger trades (>= 500) occurred on 56 of the 239 trades, 23.43%. These 103,884 shares were 80.20% of day's volume, and traded at a VWAP of $0.4141. 25 of the larger trades, 44.64%, were buys of 37,435 shares, 36.04% of the larger trades volume, and traded at a VWAP of $0.4264. 29 trades, 51.79%, were sells and accounted for 62,722 shares, 60.38% of the larger trade volume, and traded at a VWAP of $0.4069. 2 trades, 3.57%, were unknowns and accounted for 3,727 shares, 3.59% of the larger trade volume, and traded at a VWAP of $0.4115.
The other 183 trades, 76.57%, traded 25,654 shares, 19.80% of the days volume. The VWAP was $0.4120. 46 trades, 25.14%, were buys and accounted for 9,224 shares, 35.96% of the smaller trade volume, and traded at a VWAP of $0.4231. 126 trades, 68.85%, were sells and accounted for 15,355 shares, 59.85% of the smaller trade volume, and traded at a VWAP of $0.4046. 11 trades, 6.01%, were unknowns and accounted for 1,075 shares, 4.19% of the smaller trade volume, and traded at a VWAP of $0.4235.
"Dly Sht % of 'sells'" and inflection point changes here are in the latest daily post above.
01/21/2015: EOD stuff partially copied to the concentrator.
# Trds: 56, MinTrSz: 1, MaxTrSz: 7453, Vol: 45754, AvTrSz: 817
Min. Pr: 0.4470, Max Pr: 0.6101, VW Avg. Tr. Pr: 0.5360
# Buys, Shares: 18 9224, VW Avg Buy Pr: 0.5479
# Sells, Shares: 35 35930, VW Avg Sell Pr: 0.5328
# Unkn, Shares: 3 600, VW Avg Unk. Pr: 0.5420
Buy:Sell 1:3.90 (20.16% "buys"), DlyShts 0 (00.00%), Dly Sht % of 'sells' 0.00%
If today was another attack on share price it's not as obvious or certain. Look at the trading breakdowns by time and price and note the buy percentages, VWAP trend (which had some recovery during the day), and "gapiness". Add in the reduced volume and the determination of an attack is less certain. Regardless, VWAP movement of another 21.35% would suggest an attack was underway since the buy percentage was again anemic at ~20.2%. This reading indicates selling pressure was dominant.
For the fifth day out of six we have the high set by the first trade(s) of the day. We did break the recent pattern of three consecutive days setting the low in the last trade(s) (ignoring the 75 share oddlot sell at 15:59:38  see below).
Today was low volume but we did see a change  trading breakdown by arbitrary time was not straight down on VWAP  we had some bumpiness, "gapiness" (seen in the price breakdown), and a close above the (reported) low by 2.42%.
I would like to read a lot of positive into this but lowvolume induces caution because this sort of behavior is not uncommon with low volume. Refreshing, regardless.
Yesterday's volume was 143.72%, 92.18%, 54.38% and 66.46% above the 10, 25, 50 and 100day averages, respectively, while buy percentage fell to 25.9% and VWAP was down 13.25%. The prior day was low volume (~18.K) with an ~81% buying spree. Today we are (maybe?) moving back to the recent "normal" with ~45.8K traded, still above the averages, but only a smidgen above the 50 and 100day readings yesterday of 41.9K and 41.5K respectively. Again moving towards the recent "normal", the buy percentage dropped to ~20.2% and VWAP is down again, this time by another 21.35%.
The short percentage remained essentially flat as buy percentage declined around 20%. For two days daily short percentage and VWAP had behaved as expected. Yesterday's "considering what we know I don't think it means anything" still holds IMO.
Note the low I show, $0.4470, was a single 1share buy at 9:43:22. Ignoring that trade would give a reasonable low of $0.50 (2 sells totaling ~10K). Using that as the low the following low movement would be 18.03% instead of 26.72% and the spread would be 22.02% rather than 36.49%.
Today's low, high, VWAP, trade volume, and daily short sales moved 26.72%, 18.65%, 21.35%, 33.25% and 30.13%. Price spread today was 36.49% vs. 20.26%, 14.60%, 10.82%, 27.13%, 16.48%, 9.64%, 7.22%, 1.02% and 5.21% on prior days.
Here's a trading breakdown by arbitrary timeframes.
09:3009:40: 005447 shrs, 11.90% of vol, VWAP $0.6095, 004.8% buys
09:4109:41: 001301 shrs, 02.84% of vol, VWAP $0.6000, 000.1% buys
09:4309:43: 001001 shrs, 02.19% of vol, VWAP $0.5802, 100.0% buys
10:0111:15: 002788 shrs, 06.09% of vol, VWAP $0.5457, 003.6% buys
11:2411:29: 012700 shrs, 27.76% of vol, VWAP $0.5178, 000.0% buys
11:4912:40: 006680 shrs, 14.60% of vol, VWAP $0.5305, 060.5% buys
12:4815:21: 003562 shrs, 07.79% of vol, VWAP $0.5429, 088.8% buys
15:2515:25: 010000 shrs, 21.86% of vol, VWAP $0.5102, 006.6% buys
15:4815:59: 002275 shrs, 04.97% of vol, VWAP $0.5121, 000.0% buys
Here's a trading breakdown by arbitrary price ranges.
$0.4470$0.4470: 000001 shrs, 00.00% of vol, VWAP $0.4470, 100.0% buys
$0.5000$0.5121: 019008 shrs, 41.54% of vol, VWAP $0.5035, 000.0% buys
$0.5200$0.5200: 001100 shrs, 02.40% of vol, VWAP $0.5200, 000.0% buys
$0.5400$0.5520: 017797 shrs, 38.90% of vol, VWAP $0.5418, 044.2% buys
$0.5600$0.5797: 000101 shrs, 00.22% of vol, VWAP $0.5795, 100.0% buys
$0.5803$0.5803: 001000 shrs, 02.19% of vol, VWAP $0.5803, 100.0% buys
$0.6000$0.6101: 006747 shrs, 14.75% of vol, VWAP $0.6076, 003.9% buys
Some daytoday VWAP changes, with the end date shown and the percentage change from the prior day. Buy percentage is the last value on each line.
01/07 $0.9973 +00.11% 48.2%
01/08 $0.9974 +0.004% 43.9%
01/09 $0.9720 02.55% 65.1%
01/12 $0.9372 03.57% 09.5%
01/13 $0.7896 15.75% 56.1%
01/14 $0.8088 +02.44% 34.1%
01/15 $0.8122 +00.42% 31.0%
01/16 $0.7856 03.28% 81.0%
01/20 $0.6815 13.25% 25.9%
01/21 $0.5360 21.35% 20.2%
The larger trades (>= 500) occurred on 26 of the 56 trades, 46.43%. These 41,154 shares were 89.95% of day's volume, and traded at a VWAP of $0.5344. 9 of the larger trades, 34.62%, were buys of 8,200 shares, 19.93% of the larger trades volume, and traded at a VWAP of $0.5461. 17 trades, 65.38%, were sells and accounted for 32,954 shares, 80.07% of the larger trade volume, and traded at a VWAP of $0.5315. There was no unknown.
The other 30 trades, 53.57%, traded 4,600 shares, 10.05% of the days volume. The VWAP was $0.5497. 9 trades, 30.00%, were buys and accounted for 1,024 shares, 22.26% of the smaller trade volume, and traded at a VWAP of $0.5621. 18 trades, 60.00%, were sells and accounted for 2,976 shares, 64.70% of the smaller trade volume, and traded at a VWAP of $0.5470. 3 trades, 10.00%, were unknowns and accounted for 600 shares, 13.04% of the smaller trade volume, and traded at a VWAP of $0.5420.
"Dly Sht % of 'sells'" and inflection point changes here are in the latest daily post above.
01/20/2015: EOD stuff partially copied to the concentrator.
# Trds: 86, MinTrSz: 1, MaxTrSz: 6000, Vol: 68543, AvTrSz: 797
Min. Pr: 0.6100, Max Pr: 0.7500, VW Avg. Tr. Pr: 0.6815
# Buys, Shares: 20 17741, VW Avg Buy Pr: 0.6726
# Sells, Shares: 65 49803, VW Avg Sell Pr: 0.6845
# Unkn, Shares: 1 999, VW Avg Unk. Pr: 0.6900
Buy:Sell 1:2.81 (25.88% "buys"), DlyShts 11632 (16.97%), Dly Sht % of 'sells' 23.36%
Today was another obvious attack on share price IMO. Look at the trading breakdowns by time and price and note the buy percentages and VWAP trend.
For the fourth day out of five we have the high set by the first trade(s) of the day. For the third consecutive day the low is set in the last trade(s). See below.
Yesterday, after noting volume was below all my averages, I said "This should mean continued volatility". Voila! Today volume was 143.72%, 92.18%, 54.38% and 66.46% above the 10, 25, 50 and 100day averages, respectively, while buy percentage fell to 25.9% and VWAP was down 13.25%.
For the second day daily short percentage and VWAP behaved as expected, today each making a big decrease. But as with yesterday, considering what we know I don't think it means anything.
Note the low of $0.61 was set by a 1 share (14:57:38) and a 100 share trade (last of the day), and the high was set by single 500 share trade at 09:30:10, third of the day. The next lower price was $0.7499 (trades totaling 3K shares  I think it was really a single order as the two trades were both buys in the same second, 09:36:38), followed by $0.7401 (one sell of 1K at 9:45:05). Discounting all of those in favor of some with multiple trades and some volume, we could use $0.63 and $0.74 as the extremes. The following low and high movement and the spread would become 14.86%, 16.84% and 17.46%.
Today's low, high, VWAP, trade volume, and daily short sales moved 17.57%, 15.72%, 13.25%, 271.33% and 12.51%. Price spread today was 20.26% vs. 14.60%, 10.82%, 27.13%, 16.48%, 9.64%, 7.22%, 1.02%, 5.21% and 5.21% on prior days.
Here's a trading breakdown by arbitrary timeframes. Keep in mind the comments above about the low (last period) and high (first period).
09:3009:36: 003700 shrs, 05.40% of vol, VWAP $0.7494, 094.6% buys
09:4009:43: 007300 shrs, 10.65% of vol, VWAP $0.7400, 000.0% buys
09:4509:57: 014701 shrs, 21.45% of vol, VWAP $0.7072, 000.0% buys
10:0710:55: 012100 shrs, 17.65% of vol, VWAP $0.6842, 041.3% buys
10:5712:19: 010300 shrs, 15.03% of vol, VWAP $0.6601, 000.0% buys
12:3414:50: 007641 shrs, 11.15% of vol, VWAP $0.6499, 009.7% buys
14:5715:59: 012701 shrs, 18.53% of vol, VWAP $0.6326, 066.9% buys
16:0016:00: 000100 shrs, 00.15% of vol, VWAP $0.6100, 000.0% buys
Here's a trading breakdown by arbitrary price ranges. Keep in mind the comments above about the low and high.
$0.6100$0.6100: 000101 shrs, 00.15% of vol, VWAP $0.6100, 000.0% buys
$0.6300$0.6400: 012840 shrs, 18.73% of vol, VWAP $0.6326, 067.3% buys
$0.6500$0.6610: 017801 shrs, 25.97% of vol, VWAP $0.6558, 003.4% buys
$0.6799$0.6800: 009000 shrs, 13.13% of vol, VWAP $0.6800, 033.3% buys
$0.6900$0.7000: 013901 shrs, 20.28% of vol, VWAP $0.6992, 014.4% buys
$0.7100$0.7200: 002000 shrs, 02.92% of vol, VWAP $0.7150, 000.0% buys
$0.7400$0.7500: 012900 shrs, 18.82% of vol, VWAP $0.7427, 027.1% buys
Some daytoday VWAP changes, with the end date shown and the percentage change from the prior day. Buy percentage is the last value on each line.
01/06 $0.9963 +01.65% 10.3%
01/07 $0.9973 +00.11% 48.2%
01/08 $0.9974 +0.004% 43.9%
01/09 $0.9720 02.55% 65.1%
01/12 $0.9372 03.57% 09.5%
01/13 $0.7896 15.75% 56.1%
01/14 $0.8088 +02.44% 34.1%
01/15 $0.8122 +00.42% 31.0%
01/16 $0.7856 03.28% 81.0%
01/20 $0.6815 13.25% 25.9%
The larger trades (>= 500) occurred on 38 of the 86 trades, 44.19%. These 61,398 shares were 89.58% of day's volume, and traded at a VWAP of $0.6833. 10 of the larger trades, 26.32%, were buys of 16,100 shares, 26.22% of the larger trades volume, and traded at a VWAP of $0.6752. 27 trades, 71.05%, were sells and accounted for 44,299 shares, 72.15% of the larger trade volume, and traded at a VWAP of $0.6861. 1 trade, 2.63%, was unknown and accounted for 999 shares, 1.63% of the larger trade volume, and traded at a VWAP of $0.6900.
The other 48 trades, 55.81%, traded 7,145 shares, 10.42% of the days volume. The VWAP was $0.6658. 10 trades, 20.83%, were buys and accounted for 1,641 shares, 22.97% of the smaller trade volume, and traded at a VWAP of $0.6470. 38 trades, 79.17%, were sells and accounted for 5,504 shares, 77.03% of the smaller trade volume, and traded at a VWAP of $0.6714. There were none unknown.
"Dly Sht % of 'sells'" and inflection point changes here are in the latest daily post bove.
01/16/2015: EOD stuff partially copied to the concentrator.
# Trds: 40, MinTrSz: 1, MaxTrSz: 10000, Vol: 18459, AvTrSz: 461
Min. Pr: 0.7400, Max Pr: 0.8899, VW Avg. Tr. Pr: 0.7856
# Buys, Shares: 19 14960, VW Avg Buy Pr: 0.7927
# Sells, Shares: 20 3199, VW Avg Sell Pr: 0.7554
# Unkn, Shares: 1 300, VW Avg Unk. Pr: 0.7500
Buy:Sell 4.68:1 (81.04% "buys"), DlyShts 10339 (56.01%), Dly Sht % of 'sells' 323.19%
Well,my TFH went wild today. In a saner moment I took a mop to my ramblings and eliminated much of the cruft.
BEWARE! The fabulous buy percentage was 66.84% a single 10K buy that was extremely likely satisfied by a single short sale through NASDAQ. See below.
For the third day out of four we have the high set by the first trade(s) of the day. For the second consecutive day the low is set in the last trade(s). For a couple days, including today, these trades are only a few hundred shares and today the high first trade was 100 shares and the low close was only 200 shares.
Most of today's volume came from a single 10K buy at 11:06 for $0.8000, the secondhighest price of the day. Likely related is the 12,938 shares (70.09% of the day's volume) traded through NASDAQ that shorted 10,199 shares, 78.83%. The NASDAQ short sales were 98.65% of the total shorted and 55.25% of trade volume today. At the secondhighest price of the day I presume this was one of the folks convinced by the recent open/close high/low action that an exit (or a short position?) was best and they entered a (short?) sell order.
This would suggest that short percentage should plummet again unless volume comes in strongly. It also suggests that VWAP will not fall dramatically in the next day or two if we presume the MM has control if these shares now.
The trouble with those suggestions is we don't know what price the MM paid, or even if an MM was involved. So it is possible the MM, if involved, may not need (choose) to support the price. With VWAP below that $0.80 mark and ~45% of days volume trading with a price below $0.80, the MM may have done covering buys already or may haven chosen to just let the shares backing the sell order go straight to the DTCC to net out the MM short position. If covering buys were done the MM will get a shortterm long position as the backing shares come under the MM control. This would lead to price being supported for a bit.
However, the trade qualified as a "block trade" and occurred in one of the many intraday windows NASDAQ has established for "behind the curtain" trades. If this was one of those the MM would likely not be involved and again would have no reason to keep price up a bit.
Volume was below all my averages for the 10, 25, 50 and 100day periods, in thousands, of 22.73, 34.77, 45.60 and 40.56. All but the 100day average are falling rather quickly.
This should mean continued volatility.
Daily short percentage and VWAP behaved as expected, with each making a big increase. But considering what we know, I don't think it means anything today.
ARCA a small volume (460 shares) and none were short sales.
Yesterday I said "Right now I'm thinking we're still in the period where MMs will let price remain somewhat stable ... This may be the last day ... or not. With that large block trade discussed above, all bets about that have to be set aside for now. We'll need to see truly normal behavior before we can try to assess "what's next".
Note the low was a single 200 share trade, last of the day, for $0.74 and the high was a single 100 share trade, first of the day, for $0.8899. Discounting both of those and using $0.75 and $0.80 as the extremes, the following high and low movement and the spread would become 2.08%, 8.85% and 6.67%. Of course I could argue that the 10K $0.80 should be discounted too, but to ignore over 50% of volume seems unreasonable even to my TFH.
Today's low, high, VWAP, trade volume, and daily short sales moved 3.38%, 1.39%, 03.28%, 32.58% and 179.43%. Price spread today was 20.26% vs. 14.60%, 10.82%, 27.13%, 16.48%, 9.64%, 7.22%, 1.02%, 5.21% and 5.21% on prior days.
Here's a trading breakdown by arbitrary timeframes. Keep in mind the comments above about the low (last period), high (first period) and 10K buy (second period). Only those trades are included in the mentioned periods.
09:3009:30: 000100 shrs, 00.54% of vol, VWAP $0.8899, 100.0% buys
10:5810:58: 001000 shrs, 05.42% of vol, VWAP $0.7900, 100.0% buys
11:0611:06: 010000 shrs, 54.17% of vol, VWAP $0.8000, 100.0% buys
11:2514:10: 000960 shrs, 05.20% of vol, VWAP $0.7524, 000.0% buys
14:3715:23: 003760 shrs, 20.37% of vol, VWAP $0.7724, 100.0% buys
15:2715:49: 001040 shrs, 05.63% of vol, VWAP $0.7600, 000.0% buys
15:5515:59: 001399 shrs, 07.58% of vol, VWAP $0.7554, 007.1% buys
16:0016:00: 000200 shrs, 01.08% of vol, VWAP $0.7400, 000.0% buys
Here's a trading breakdown by arbitrary price ranges. Keep in mind the comments above about the low, high and 10K trades, which appear by themselves in the appropriate range.
$0.7400$0.7400: 000200 shrs, 01.08% of vol, VWAP $0.7400, 000.0% buys
$0.7500$0.7550: 001559 shrs, 08.45% of vol, VWAP $0.7510, 000.0% buys
$0.7600$0.7699: 002140 shrs, 11.59% of vol, VWAP $0.7615, 018.7% buys
$0.7700$0.7700: 003000 shrs, 16.25% of vol, VWAP $0.7700, 100.0% buys
$0.7900$0.7900: 001460 shrs, 07.91% of vol, VWAP $0.7900, 100.0% buys
$0.8000$0.8000: 010000 shrs, 54.17% of vol, VWAP $0.8000, 100.0% buys
$0.8899$0.8899: 000100 shrs, 00.54% of vol, VWAP $0.8899, 100.0% buys
Some daytoday VWAP changes, with the end date shown and the percentage change from the prior day. Buy percentage is the last value on each line.
01/05 $0.9801 02.08% 0.69%
01/06 $0.9963 +01.65% 10.3%
01/07 $0.9973 +00.11% 48.2%
01/08 $0.9974 +0.004% 43.9%
01/09 $0.9720 02.55% 65.1%
01/12 $0.9372 03.57% 09.5%
01/13 $0.7896 15.75% 56.1%
01/14 $0.8088 +02.44% 34.1%
01/15 $0.8122 +00.42% 31.0%
01/16 $0.7856 03.28% 81.0%
The larger trades (>= 500) occurred on 3 of the 40 trades, 7.50%. These 12,400 shares were 67.18% of day's volume, and traded at a VWAP of $0.7942. All were buys.
The other 37 trades, 92.50%, traded 6,059 shares, 32.82% of the days volume. The VWAP was $0.7679. 16 trades, 43.24%, were buys and accounted for 2,560 shares, 42.25% of the smaller trade volume, and traded at a VWAP of $0.7857. 20 trades, 54.05%, were sells and accounted for 3,199 shares, 52.80% of the smaller trade volume, and traded at a VWAP of $0.7554. 1 trade, 2.70%, was unknown and accounted for 300 shares, 4.95% of the smaller trade volume, and traded at a VWAP of $0.7500.
"Dly Sht % of 'sells'" and inflection point changes here are in the latest daily post above.
01/15/2015: EOD stuff partially copied to the concentrator.
# Trds: 51, MinTrSz: 15, MaxTrSz: 3000, Vol: 27381, AvTrSz: 537
Min. Pr: 0.7659, Max Pr: 0.8777, VW Avg. Tr. Pr: 0.8122
# Buys, Shares: 14 8480, VW Avg Buy Pr: 0.8048
# Sells, Shares: 37 18901, VW Avg Sell Pr: 0.8155
# Unkn, Shares: 0 0, VW Avg Unk. Pr: 0.0000
Buy:Sell 1:2.23 (30.97% "buys"), DlyShts 3700 (13.51%), Dly Sht % of 'sells' 19.58%
Volume was essentially flat, remaining below all but the 10day average of ~23.2K.
Daily short percentage and VWAP behaved as expected, with each making a small improvement.
For the third consecutive day we have the high set at the first trade(s) of the day. For the second consecutive day the low is set in the last trade(s).
ARCA again had a small volume (1,200 shares) that were 100% short sales.
Right now I'm thinking we're still in the period where MMs will let price remain somewhat stable as they finish disposing of their (few?) remaining long positions (generated as shares backing prior sell orders from the highvolume selloff flow in). This may be the last day ... or not. When that happens, normal market action should start to return. Probably continued falling volume. I can't speak to price though since I don't know the cause of that highvolume selloff.
Discussing the zero daily short sales and price spread, I said "... the marketmakers had plenty of opportunity to cover their short sales at a large profit. This should leave them temporarily long as shares ... also suggests a higher VWAP price would occur, which it did today, as the MMs keep prices up a bit to sell those incoming shares for even more profit ... Going forward this suggests several(?) more days of low daily short percentages. Unfortunately, it doesn't suggest a lot of price appreciation, but will likely result in just "flattish to slightly higher" trading".
Thus far, spot on as short percentage only made 13.5% today and VWAP bumped up another 0.42%. With buy percentage slowly sinking, maybe one or two more days before the MMs are back to normal?
Note the low was a set of three sells from 15:31 through 15:36 which were the last trades of the day. The high was a single 1K buy at 09:44.
Today's low, high, VWAP, trade volume, and daily short sales moved 0.78%, 4.22%, 00.42%, 3.41% and infinity (yesterday was zero). Price spread today was 14.60% vs. 10.82%, 27.13%, 16.48%, 9.64%, 7.22%, 1.02%, 5.21%, 5.21% and 12.63% on prior days.
Here's a trading breakdown by arbitrary timeframes. Note the comment above about the low (in the last period) and high (in the first period). These two periods include only those trades, respectively.
09:4409:44: 001000 shrs, 03.65% of vol, VWAP $0.8777, 100.0% buys
09:5609:56: 000900 shrs, 03.29% of vol, VWAP $0.8500, 022.2% buys
09:5609:56: 000815 shrs, 02.98% of vol, VWAP $0.8302, 100.0% buys
13:0113:14: 004985 shrs, 18.21% of vol, VWAP $0.8500, 000.0% buys
13:2713:38: 010000 shrs, 36.52% of vol, VWAP $0.8080, 030.0% buys
13:4115:09: 004681 shrs, 17.10% of vol, VWAP $0.7999, 009.9% buys
15:2115:21: 002000 shrs, 07.30% of vol, VWAP $0.7800, 000.0% buys
15:3115:36: 003000 shrs, 10.96% of vol, VWAP $0.7659, 100.0% buys
Here's a trading breakdown by arbitrary price ranges. Note the comment above about the low and high, which appear by themselves in the first and last ranges respectively.
$0.7659$0.7659: 003000 shrs, 10.96% of vol, VWAP $0.7659, 100.0% buys
$0.7800$0.7900: 002100 shrs, 07.67% of vol, VWAP $0.7805, 000.0% buys
$0.7900$0.8101: 014666 shrs, 53.56% of vol, VWAP $0.8054, 023.5% buys
$0.8300$0.8420: 000830 shrs, 03.03% of vol, VWAP $0.8304, 100.0% buys
$0.8500$0.8500: 005885 shrs, 21.49% of vol, VWAP $0.8500, 003.4% buys
$0.8777$0.8777: 001000 shrs, 03.65% of vol, VWAP $0.8777, 100.0% buys
Some daytoday VWAP changes, with the end date shown and the percentage change from the prior day. Buy percentage is the last value on each line.
01/02 $1.0010 +02.15% 48.3%
01/05 $0.9801 02.08% 0.69%
01/06 $0.9963 +01.65% 10.3%
01/07 $0.9973 +00.11% 48.2%
01/08 $0.9974 +0.004% 43.9%
01/09 $0.9720 02.55% 65.1%
01/12 $0.9372 03.57% 09.5%
01/13 $0.7896 15.75% 56.1%
01/14 $0.8088 +02.44% 34.1%
01/15 $0.8122 +00.42% 31.0%
The larger trades (>= 500) occurred on 13 of the 51 trades, 25.49%. These 22,216 shares were 81.14% (vs. yesterday's 89.42%) of day's volume, and traded at a VWAP of $0.8086 (vs. yesterday's $0.8093). 5 of the larger trades, 38.46%, were buys of 7,300 shares, 32.86% of the larger trades volume, and traded at a VWAP of $0.8037. 8 trades, 61.54%, were sells and accounted for 14,916 shares, 67.14% of the larger trade volume, and traded at a VWAP of $0.8110. There were none unknown.
The other 38 trades, 74.51%, traded 5,665 shares, 20.69% of the days volume. The VWAP was $0.8278. 10 trades, 26.32%, were buys and accounted for 1,680 shares, 29.66% of the smaller trade volume, and traded at a VWAP of $0.8169. 29 trades, 76.32%, were sells and accounted for 3,985 shares, 70.34% of the smaller trade volume, and traded at a VWAP of $0.8324. There were none unknown.
"Dly Sht % of 'sells'" and inflection point changes here are in the latest daily post above.
01/14/2015: EOD stuff partially copied to the concentrator.
# Trds: 32, MinTrSz: 2, MaxTrSz: 12000, Vol: 28348, AvTrSz: 886
Min. Pr: 0.7600, Max Pr: 0.8422, VW Avg. Tr. Pr: 0.8088
# Buys, Shares: 19 9671, VW Avg Buy Pr: 0.8117
# Sells, Shares: 12 18197, VW Avg Sell Pr: 0.8075
# Unkn, Shares: 1 480, VW Avg Unk. Pr: 0.8043
Buy:Sell 1:1.88 (34.12% "buys"), DlyShts 0 (00.00%), Dly Sht % of 'sells' 0.00%
Before I forget, I want to mention that two days consecutive days have extraordinary prices on buys at the close. Yesterday was 800 shares for $0.8277 when the trades in the prior few minutes, including up to just 18 seconds earlier, had a string of $0.79xx trades, mostly $0.7900 and a bit lower before that. Today the closing trade was 500 shares at $0.8422 when the trades in the preceding few minutes were mostly $0.8100. Percentagewise, it's a large variation. "Who" and "why" said the owl.
With yesterday's attacking horde apparently taking a break, we were able to get a small recovery, with VWAP up 2.44%. Unfortunately, we have no defending horde and the volume fell back to recently seen normal levels, yesterday being 29.49K for the 10day average (keep in mind yesterday bumped it up, because of the higher volume, from 28.42K the prior day).
Daily short sales of zero didn't surprise me. I almost opened my yap yesterday to say sort percentage would plummet, but thought better of it. The reason is that with such a large spread and "high" volume, the marketmakers had plenty of opportunity to cover their short sales at a large profit. This should leave them temporarily long as shares backing the original sell orders flow in. That also suggests a higher VWAP price would occur, which it did today, as the MMs keep prices up a bit to sell those incoming shares for even more profit.
Going forward this suggests several(?) more days of low daily short percentages. Unfortunately, it doesn't suggest a lot of price appreciation, but will likely result in just "flattish to slightly higher" trading.
This could be thwarted by a sudden large influx of the defending horde I mentioned. Not likely?
I want to mention what has been happening to the average trade size over the last month or so. Take a look at the chart. In the past this is one of the metrics I would add in as a positive indicator. Now I don't see it as anything but a negative. Maybe someday it will again be a positive, bit for now it is not. I suspect now it's just an artifact of reduced share price.
In the following, note the day's low was a single 100 share sell. If we use $0.8000, which had multiple trades and some volume, as the low, the low movement would be 14.29% instead of 8.57% and the spread would be 5.28% instead of 10.82%. Note also the high was a single 500 share buy at $0.8422. The next lower price was a single 100 share buy for $0.8200. If we use $0.8128, which was in the $0.81xx range with multiple trades and good volume during the day, the high movement becomes 8.66% instead of +2.44% and the spread would be 6.95%. Combining the suggested low and high we get a spread of 1.60%.
Today's low, high, VWAP, trade volume, and daily short sales moved 8.57%, 5.36%, 02.44%, 55.49% and 100.00%. Price spread today was 10.82% vs. 27.13%, 16.48%, 9.64%, 7.22%, 1.02%, 5.21%, 5.21%, 12.63% and 9.65% on prior days.
Here's a trading breakdown by arbitrary timeframes. Note that this is the second day in a row that the closing trade was a buy above the displayed offers at the time (yesterday was 800 shares for $0.8277).
09:5609:56: 000100 shrs, 00.35% of vol, VWAP $0.7600, 000.0% buys
09:5711:01: 018018 shrs, 63.56% of vol, VWAP $0.8101, 022.9% buys
11:0915:38: 006000 shrs, 21.17% of vol, VWAP $0.8029, 026.7% buys
15:4315:54: 003450 shrs, 12.17% of vol, VWAP $0.8100, 100.0% buys
15:5815:58: 000280 shrs, 00.99% of vol, VWAP $0.8000, 000.0% buys
16:0016:00: 000500 shrs, 01.76% of vol, VWAP $0.8422, 100.0% buys
Here's a trading breakdown by arbitrary price ranges.
$0.7600$0.7600: 000100 shrs, 00.35% of vol, VWAP $0.7600, 000.0% buys
$0.8000$0.8099: 006280 shrs, 22.15% of vol, VWAP $0.8028, 025.5% buys
$0.8100$0.8128: 021368 shrs, 75.38% of vol, VWAP $0.8100, 035.0% buys
$0.8200$0.8200: 000100 shrs, 00.35% of vol, VWAP $0.8200, 100.0% buys
$0.8422$0.8422: 000500 shrs, 01.76% of vol, VWAP $0.8422, 100.0% buys
Some daytoday VWAP changes, with the end date shown and the percentage change from the prior day. Buy percentage is the last value on each line.
12/31 $0.9800 07.20% 40.3%
01/02 $1.0010 +02.15% 48.3%
01/05 $0.9801 02.08% 0.69%
01/06 $0.9963 +01.65% 10.3%
01/07 $0.9973 +00.11% 48.2%
01/08 $0.9974 +0.004% 43.9%
01/09 $0.9720 02.55% 65.1%
01/12 $0.9372 03.57% 09.5%
01/13 $0.7896 15.75% 56.1%
01/14 $0.8088 +02.44% 34.1%
The larger trades (>= 500) occurred on 13 of the 32 trades, 40.63%. These 25,350 shares were 89.42% (vs. yesterday's 91.86%) of day's volume, and traded at a VWAP of $0.8093 (vs. yesterday's $0.7919). 7 of the larger trades, 53.85%, were buys of 8,150 shares, 32.15% of the larger trades volume, and traded at a VWAP of $0.8120. 6 trades, 46.15%, were sells and accounted for 17,200 shares, 67.85% of the larger trade volume, and traded at a VWAP of $0.8080. There were none unknown.
The other 19 trades, 59.38%, traded 2,998 shares, 10.58% of the days volume. The VWAP was $0.8053. 12 trades, 63.16%, were buys and accounted for 1,521 shares, 50.73% of the smaller trade volume, and traded at a VWAP of $0.8100. 6 trades, 31.58%, were sells and accounted for 997 shares, 33.26% of the smaller trade volume, and traded at a VWAP of $0.7985. 1 trade, 5.26%, was an unknown and accounted for 480 shares, 16.01% of the smaller trade volume, and traded at a VWAP of $0.8043.
"Dly Sht % of 'sells'" and inflection point changes here are in the latest daily post above.
01/13/2015: EOD stuff partially copied to the concentrator.
# Trds: 70, MinTrSz: 1, MaxTrSz: 5599, Vol: 63686, AvTrSz: 910
Min. Pr: 0.7000, Max Pr: 0.8899, VW Avg. Tr. Pr: 0.7896
# Buys, Shares: 32 35706, VW Avg Buy Pr: 0.8069
# Sells, Shares: 34 27779, VW Avg Sell Pr: 0.7676
# Unkn, Shares: 4 201, VW Avg Unk. Pr: 0.7651
Buy:Sell 1.29:1 (56.07% "buys"), DlyShts 16700 (26.22%), Dly Sht % of 'sells' 60.12%
I would characterize today's trading as an attack on the share price because of several distinct behaviors, starting with ...
100% of the ARCA trades were short sells, 4K; 100% of the BATS trades were short sells (600 shares, but note that BATS Y were not, 200 shares); 1.5K of the 1.7K EDGX volume was short; 10.6K of 49.4K of the NASDAQ trades were short sales.
Note the presence and behavior of our old friends at ARCA.
Looking at the trading breakdowns we see the larger than recent volume was absolutely dominated by larger trades at 91.86% of the day's volume and the price destruction began immediately and was sustained through 11:04 and comprised ~45% of the volume. Alternately, through 13:29 (with a "blip" between the earlier and later periods) at 61% of the day's volume.
All this was in spite of early strong buy percentages and later strong buys percentages, as can be seen that we ended with ~56% in spite of the apparent strong desire to sell, indicated by the rapidly falling offers and bids.
There was no external catalyst to cause the negative behavior.
In line with yesterday's "If this becomes a frequent occurrence, my TFH will rule my thinking going forward", I'm in fullon conspiracy theory mode as the "cashless conversion" timeframe approaches. We all know there's just too many bad actors in the financial and trading worlds to close our eyes to such possibilities after having been exposed to PIPErs, much less what was discovered subsequent to the "Great Recession".
65.1% buy was nice, then yesterday's sucky 9.5%, on very low volume though, and today ~56%, and still VWAP falls. The real question becomes who is buying.
Today's low, high, VWAP, trade volume, and daily short sales moved 15.66%, 7.95%, 15.75%, 447.04% and 370.16%. Price spread today was 27.13% vs. 16.48%, 9.64%, 7.22%, 1.02%, 5.21%, 5.21%,. 12.63%, 9.65% and 14.00% on prior days.
Here's a trading breakdown by arbitrary timeframes. Note that I've overlapped some periods because the price dislocations were so quick and "fractured" today.
10:2110:21: 003500 shrs, 05.50% of vol, VWAP $0.8899, 100.0% buys
10:2510:26: 004000 shrs, 06.28% of vol, VWAP $0.8722, 100.0% buys
10:4510:45: 008300 shrs, 13.03% of vol, VWAP $0.8353, 000.0% buys
10:4511:03: 013300 shrs, 20.88% of vol, VWAP $0.7294, 033.8% buys
11:0511:28: 008099 shrs, 12.72% of vol, VWAP $0.7861, 061.7% buys
11:4512:15: 003081 shrs, 04.84% of vol, VWAP $0.7501, 022.7% buys
12:1813:29: 005000 shrs, 07.85% of vol, VWAP $0.7736, 070.0% buys
13:4614:09: 003500 shrs, 05.50% of vol, VWAP $0.7799, 097.1% buys
15:1415:37: 011406 shrs, 17.91% of vol, VWAP $0.7867, 068.4% buys
15:3915:59: 002700 shrs, 04.24% of vol, VWAP $0.7917, 092.6% buys
16:0016:00: 000800 shrs, 01.26% of vol, VWAP $0.8277, 100.0% buys
Here's a trading breakdown by arbitrary price ranges.
10:2110:21: 003500 shrs, 05.50% of vol, VWAP $0.8899, 100.0% buys
10:2510:26: 004000 shrs, 06.28% of vol, VWAP $0.8722, 100.0% buys
10:4510:45: 008300 shrs, 13.03% of vol, VWAP $0.8353, 000.0% buys
10:4511:03: 013300 shrs, 20.88% of vol, VWAP $0.7294, 033.8% buys
11:0511:28: 008099 shrs, 12.72% of vol, VWAP $0.7861, 061.7% buys
11:4512:15: 003081 shrs, 04.84% of vol, VWAP $0.7501, 022.7% buys
12:1813:29: 005000 shrs, 07.85% of vol, VWAP $0.7736, 070.0% buys
13:4614:09: 003500 shrs, 05.50% of vol, VWAP $0.7799, 097.1% buys
15:1415:37: 011406 shrs, 17.91% of vol, VWAP $0.7867, 068.4% buys
15:3915:59: 002700 shrs, 04.24% of vol, VWAP $0.7917, 092.6% buys
16:0016:00: 000800 shrs, 01.26% of vol, VWAP $0.8277, 100.0% buys
Some daytoday VWAP changes, with the end date shown and the percentage change from the prior day. Buy percentage is the last value on each line.
12/30 $1.0560 +00.35% 27.2%
12/31 $0.9800 07.20% 40.3%
01/02 $1.0010 +02.15% 48.3%
01/05 $0.9801 02.08% 0.69%
01/06 $0.9963 +01.65% 10.3%
01/07 $0.9973 +00.11% 48.2%
01/08 $0.9974 +0.004% 43.9%
01/09 $0.9720 02.55% 65.1%
01/12 $0.9372 03.57% 09.5%
01/13 $0.7896 15.75% 56.1%
The larger trades (>= 500) occurred on 38 of the 70 trades, 54.29%. These 58,505 shares were 91.86% of day's volume, and traded at a VWAP of $0.7919. 24 of the larger trades, 63.16%, were buys of 34,506 shares, 58.98% of the larger trades volume, and traded at a VWAP of $0.8078. 14 trades, 36.84%, were sells and accounted for 23,999 shares, 41.02% of the larger trade volume, and traded at a VWAP of $0.7689. There were none unknown.
The other 32 trades, 45.71%, traded 5,181 shares, 8.14% of the days volume. The VWAP was $0.7642. 8 trades, 25.00%, were buys and accounted for 1,200 shares, 23.16% of the smaller trade volume, and traded at a VWAP of $0.7807. 20 trades, 62.50%, were sells and accounted for 3,780 shares, 72.96% of the smaller trade volume, and traded at a VWAP of $0.7589. 4 trades, 12.50%, were unknown and accounted for 201 shares, 3.88% of the smaller trade volume, and traded at a VWAP of $0.7651.
"Dly Sht % of 'sells'" and inflection point changes here are in the latest daily post above.
01/12/2015: EOD stuff partially copied to the concentrator.
# Trds: 28, MinTrSz: 22, MaxTrSz: 2000, Vol: 11642, AvTrSz: 416
Min. Pr: 0.8300, Max Pr: 0.9668, VW Avg. Tr. Pr: 0.9372
# Buys, Shares: 4 1102, VW Avg Buy Pr: 0.9510
# Sells, Shares: 23 10440, VW Avg Sell Pr: 0.9358
# Unkn, Shares: 1 100, VW Avg Unk. Pr: 0.9372
Buy:Sell 1:9.47 (09.47% "buys"), DlyShts 3552 (30.52%), Dly Sht % of 'sells' 34.02%
Nothing looking strongly (or even weakly) positive today.
Only the last three trades today made a post worthwhile.
Ignoring the last three lateday oddlot trades, our low would be $0.9200. The real low(s) of the day were from a 70 share oddlot sell for $0.8300 and a preceding 30 share buy for $0.9000, both at 15:59:30, and a preceding sell of 70 shares for $0.9000 at 15:39:35. These will not appear on your normal resources. I believe the earlier 70 and 30 share transactions were a single trade and don't have anything but a TFH theory as to why this would be broken up to effectively hide the low from the market. As before, they could be market trades foolishly entered very near the close when bids and offers are being withdrawn.
If this becomes a frequent occurrence, my TFH will rule my thinking going forward.
Daily short percentage retreated, but remained at a reasonable level. However, while checking deeper than usual I've found the OMX reporting into FINRA may be missing trades just like the ORF reporting used to. I'm awaiting a response from FINRA. I had hoped that trading on major exchanges would eliminate the problems seen in the past.
If we can recover older reported short data from FINRA, we may find some surprises awaiting us. Doubtful though.
Yesterday's 65.1 buy percentage was nice. Today's 9.5% sucks.
In the following if we exclude those three lowball oddlot trades described above and use $0.9200 as the low, the low change becomes 0.88% (unless you use yesterday's suggested more rational low of $0.96) instead of 8.99% and the spread becomes 5.09% rather than 16.48%.
Today's low, high, VWAP, trade volume, and daily short sales moved 8.99%, 3.31%, 03.57%, 25.64% and 56.09%. Price spread today was 16.48% vs. 9.64%, 7.22%, 1.02%, 5.21%, 5.21%,. 12.63%, 9.65%, 14.00% and 6.93% on prior days.
Here's a trading breakdown by arbitrary timeframes. Note the last period includes the three lowball oddlot trades detailed above.
11:2911:52: 001100 shrs, 09.45% of vol, VWAP $0.9405, 000.0% buys
12:0712:07: 000500 shrs, 04.29% of vol, VWAP $0.9668, 100.0% buys
12:0912:22: 005100 shrs, 43.81% of vol, VWAP $0.9435, 000.0% buys
12:3315:12: 001172 shrs, 10.07% of vol, VWAP $0.9376, 048.8% buys
15:2115:21: 002700 shrs, 23.19% of vol, VWAP $0.9283, 000.0% buys
15:5215:59: 001070 shrs, 09.19% of vol, VWAP $0.9122, 002.8% buys
Here's a trading breakdown by arbitrary price ranges. Note the low $0.83$0.90 range was the three lowball oddlot trades detailed above.
$0.8300$0.9000: 000170 shrs, 01.46% of vol, VWAP $0.8712, 017.6% buys
$0.9200$0.9200: 002100 shrs, 18.04% of vol, VWAP $0.9200, 000.0% buys
$0.9350$0.9399: 002672 shrs, 22.95% of vol, VWAP $0.9361, 021.4% buys
$0.9400$0.9462: 006200 shrs, 53.26% of vol, VWAP $0.9430, 000.0% buys
$0.9668$0.9668: 000500 shrs, 04.29% of vol, VWAP $0.9668, 100.0% buys
Some daytoday VWAP changes, with the end date shown and the percentage change from the prior day. Buy percentage is the last value on each line.
12/29 $1.0523 +05.19% 14.3%
12/30 $1.0560 +00.35% 27.2%
12/31 $0.9800 07.20% 40.3%
01/02 $1.0010 +02.15% 48.3%
01/05 $0.9801 02.08% 0.69%
01/06 $0.9963 +01.65% 10.3%
01/07 $0.9973 +00.11% 48.2%
01/08 $0.9974 +0.004% 43.9%
01/09 $0.9720 02.55% 65.1%
01/12 $0.9372 03.57% 09.5%
The larger trades (>= 500) occurred on 9 of the 28 trades, 32.14%. These 9,920 shares were 85.21% of day's volume, and traded at a VWAP of $0.9387. 2 of the larger trades, 22.22%, were buys of 1,050 shares, 10.58% of the larger trades volume, and traded at a VWAP of $0.9527. 7 trades, 77.78%, were sells and accounted for 8,870 shares, 89.42% of the larger trade volume, and traded at a VWAP of $0.9371. There were none unknown.
Note that once again the smaller trade numbers were affected by the lowball oddlot trades detailed above.
The other 19 trades, 67.86%, traded 1,722 shares, 14.79% of the days volume. The VWAP was $0.9286. 2 trades, 10.53%, were buys and accounted for 52 shares, 3.02% of the smaller trade volume, and traded at a VWAP of $0.9169. 16 trades, 84.21%, were sells and accounted for 1,570 shares, 91.17% of the smaller trade volume, and traded at a VWAP of $0.9284. 1 trade, 5.26%, was unknown and accounted for 100 shares, 5.81% of the smaller trade volume, and traded at a VWAP of $0.9372.
"Dly Sht % of 'sells'" and inflection point changes here are in the latest daily post above.
01/09/2015: EOD stuff partially copied to the concentrator.
# Trds: 36, MinTrSz: 100, MaxTrSz: 2000, Vol: 15657, AvTrSz: 435
Min. Pr: 0.9120, Max Pr: 0.9999, VW Avg. Tr. Pr: 0.9720
# Buys, Shares: 16 10190, VW Avg Buy Pr: 0.9794
# Sells, Shares: 20 5467, VW Avg Sell Pr: 0.9581
# Unkn, Shares: 0 0, VW Avg Unk. Pr: 0.0000
Buy:Sell 1.86:1 (65.08% "buys"), DlyShts 8090 (51.67%), Dly Sht % of 'sells' 147.98%
Back to extremely low volume. Barely worth the effort to generate the usual metrics. A few things made it a bit more worthwhile  some odd trades and daily short percentage related stuff.
First, the odd trades will show up on various sites daily price reporting and could easily affect perceptions. From 15:59:10 through 15:59:36 there were three trades substantially "out of range". Prior to that time the VWAP was $0.9739 and the low and high were $0.9600 and $0.9999 respectively. Those three trades were, earliest to latest, at $0.9300 for 358 shares, $0.9300 for 200 shares and at $0.9120 for 100 shares. Putting my TFH aside, I think these were "market" orders  a silly thing IMO, especially at EOD when many bids and offers are getting withdrawn normally.
Second, again the day's high occurred on the first two trades, buys at $0.9999, of 1K and then 2K. Another 400 shares traded at $0.9900 and then price dropped to $0.9701.
Third, daily short percentage really bounced. Not just relative to today's volume, but in absolute terms too, being the highest seen since the 10.46K of 12/11/2014, which had trade volume of ~46.3K  about three times today's volume.
A few are easily identified: 10:24:17 840 shares for $0.9700 from the ARCA exchange and 850 at the same price from the EDGX exchange. Another 100 for $0.9697 came via the BATS exchange.
6,300 (1,100 claimed "exempt") came from NASDAQ, likely at prices of $0.9690 to $0.9999 between 09:52:20 and 10:59:22. The specific trades on NASDAQ are less certain due to the number of permutations that could yield 6,300 shares. I've identified this candidate range because most shorting is likely to occur on "buys" and at higher prices. The 1,100 exempt matches a trade at a price where I would expect to see shorting, $0.9699 at 10:35:25. I still wonder if the "exempts" are likely erroneously marked.
I don't have enough history to determine any use for all this level of detail though.
Today's 65.1 buy percentage is higher than yesterday's, but less meaningful because we got a lot less volume. A VWAP drop of 2.55% was the net result. A substantial portion of the buy percentage was due to the strong buy percentage through 11:49, 87.22% when three trades accounted for 50.06% of the buy volume. They also happened to be shorted shares, expected with prices $0.9699 and $0.9999, as mentioned above.
In the following if we exclude those three lowball trades described above and use $0.9600 as the low, the low change becomes 1.03% instead of 5.98% and the spread becomes 4.16% rather than 9.64%.
Today's low, high, VWAP, trade volume, and daily short sales moved 5.98%, 3.86%, 02.55%, 40.74% and 274.54%. Price spread today was 9.64% vs. 7.22%, 1.02%, 5.21%, 5.21%,. 12.63%, 9.65%, 14.00%, 6.93% and 12.50% on prior days.
Here's a trading breakdown by arbitrary timeframes. Note I overlapped the last two entries: the first ends just before those three lowball trades described above occurred. The next includes only those odd trades.
09:5210:05: 003400 shrs, 21.72% of vol, VWAP $0.9987, 100.0% buys
10:2410:59: 005290 shrs, 33.79% of vol, VWAP $0.9698, 079.2% buys
11:4813:07: 001900 shrs, 12.14% of vol, VWAP $0.9630, 031.6% buys
14:0815:10: 002100 shrs, 13.41% of vol, VWAP $0.9693, 095.2% buys
15:1315:59: 002309 shrs, 14.75% of vol, VWAP $0.9600, 000.0% buys
15:5915:59: 000658 shrs, 04.20% of vol, VWAP $0.9273, 000.0% buys
Here's a trading breakdown by arbitrary price ranges. Note the high of the day was just the first two trades of the day totaling 3K shares at $0.9999.
$0.9120$0.9120: 000100 shrs, 00.64% of vol, VWAP $0.9120, 000.0% buys
$0.9300$0.9300: 000558 shrs, 03.56% of vol, VWAP $0.9300, 000.0% buys
$0.9600$0.9699: 007109 shrs, 45.40% of vol, VWAP $0.9645, 047.8% buys
$0.9700$0.9701: 004490 shrs, 28.68% of vol, VWAP $0.9700, 075.5% buys
$0.9900$0.9999: 003400 shrs, 21.72% of vol, VWAP $0.9987, 100.0% buys
Some daytoday VWAP changes, with the end date shown and the percentage change from the prior day. Buy percentage is the last value on each line.
12/26 $1.0005 00.45% 24.5%
12/29 $1.0523 +05.19% 14.3%
12/30 $1.0560 +00.35% 27.2%
12/31 $0.9800 07.20% 40.3%
01/02 $1.0010 +02.15% 48.3%
01/05 $0.9801 02.08% 0.69%
01/06 $0.9963 +01.65% 10.3%
01/07 $0.9973 +00.11% 48.2%
01/08 $0.9974 +0.004% 43.9%
01/09 $0.9720 02.55% 65.1%
Note the larger trade numbers were affected by the first two trades detailed above that were 3K for $0.9999.
The larger trades (>= 500) occurred on 12 of the 36 trades, 33.33%. These 11,008 shares were 70.31% of day's volume, and traded at a VWAP of $0.9764. 8 of the larger trades, 66.67%, were buys of 8,290 shares, 75.31% of the larger trades volume, and traded at a VWAP of $0.9807. 4 trades, 33.33%, were sells and accounted for 2,718 shares, 24.69% of the larger trade volume, and traded at a VWAP of $0.9634. There were none unknown.
Note the smaller trade numbers were affected by the 658 shares in the lowball trades detailed above.
The other 24 trades, 66.67%, traded 4,649 shares, 29.69% of the days volume. The VWAP was $0.9614. 8 trades, 33.33%, were buys and accounted for 1,900 shares, 40.87% of the smaller trade volume, and traded at a VWAP of $0.9738. 16 trades, 66.67%, were sells and accounted for 2,749 shares, 59.13% of the smaller trade volume, and traded at a VWAP of $0.9529. There were none unknown.
"Dly Sht % of 'sells'" and inflection point changes here are omitted from the concentrator.
01/08/2015: EOD stuff partially copied to the concentrator.
# Trds: 56, MinTrSz: 20, MaxTrSz: 3650, Vol: 26420, AvTrSz: 472
Min. Pr: 0.9700, Max Pr: 1.0400, VW Avg. Tr. Pr: 0.9974
# Buys, Shares: 11 11600, VW Avg Buy Pr: 1.0110
# Sells, Shares: 43 13720, VW Avg Sell Pr: 0.9860
# Unkn, Shares: 2 1100, VW Avg Unk. Pr: 0.9956
Buy:Sell 1:1.18 (43.91% "buys"), DlyShts 2160 (08.18%), Dly Sht % of 'sells' 15.74%
After two days of extremely low volume we finally got some. Not really good because it's still below all my averages. But at least it's worth the effort to generate the usual metrics.
The day's high occurred on the first two trades, buys at $1.04, of 2.2K and 700 shares. Price moved right down to $0.986 and then struggled around the $0.99 to $1 level until 14:14, when the battle was lost and we moved below $0.99 for good (see trading breakdown by time).
Today's 43.9% buy percentage is lower than yesterday's, but more meaningful because we got a little more volume. It's not big enough to cause a rise (although we did post a VWAP gain of 0.004%), which is hopeful. It also brought back some daily short sales after two days of zeros.
The only bad things today are a VWAP again below $1, that a substantial portion of the buy percentage was due to those two trades at $1.04 (removing them would drop it to ~37% and VWAP would go to $0.9921), and I believe the PIPErs were in as I saw trades of about 15% of the day's volume, prior to those trades, go off 14:14  14:17. They were sells. Prior to that we had a VWAP over $1. As I noted in a comment on the concentrator, there may have been more because the sub$1 VWAP yesterday would allow them to do more than 15%.
Today's low, high, VWAP, trade volume, and daily short sales moved 2.02%, 3.99%, 0.004%, 131.75% and infinity (yesterday was zero) respectively. Price spread today was 7.22% vs. 1.02%, 5.21%, 5.21%,. 12.63%, 9.65%, 14.00%, 6.93%, 12.50% and 8.25% on prior days.
Here's a trading breakdown by arbitrary timeframes. Note the first range was just the two highestpriced trades of the day.
09:3009:45: 002900 shrs, 10.98% of vol, VWAP $1.0400, 100.0% buys
10:0410:07: 001200 shrs, 04.54% of vol, VWAP $0.9851, 000.0% buys
11:0411:04: 002000 shrs, 07.57% of vol, VWAP $1.0099, 100.0% buys
11:1513:20: 001520 shrs, 05.75% of vol, VWAP $0.9909, 000.0% buys
13:2613:58: 008500 shrs, 32.17% of vol, VWAP $0.9977, 070.6% buys
14:0314:14: 003100 shrs, 11.73% of vol, VWAP $0.9891, 012.9% buys
14:1715:58: 006200 shrs, 23.47% of vol, VWAP $0.9849, 004.8% buys
15:5915:59: 001000 shrs, 03.79% of vol, VWAP $0.9736, 000.0% buys
Here's a trading breakdown by arbitrary price ranges. Note the high of the day was just the first two trades of the day.
$0.9700$0.9701: 000700 shrs, 02.65% of vol, VWAP $0.9700, 000.0% buys
$0.9800$0.9899: 008800 shrs, 33.31% of vol, VWAP $0.9851, 008.0% buys
$0.9900$0.9999: 007520 shrs, 28.46% of vol, VWAP $0.9929, 019.9% buys
$1.0000$1.0099: 006500 shrs, 24.60% of vol, VWAP $1.0030, 100.0% buys
$1.0400$1.0400: 002900 shrs, 10.98% of vol, VWAP $1.0400, 100.0% buys
Some daytoday VWAP changes, with the end date shown and the percentage change from the prior day. Buy percentage is the last value on each line.
12/24 $1.0050 00.23% 27.3%
12/26 $1.0005 00.45% 24.5%
12/29 $1.0523 +05.19% 14.3%
12/30 $1.0560 +00.35% 27.2%
12/31 $0.9800 07.20% 40.3%
01/02 $1.0010 +02.15% 48.3%
01/05 $0.9801 02.08% 0.69%
01/06 $0.9963 +01.65% 10.3%
01/07 $0.9973 +00.11% 48.2%
01/08 $0.9974 +0.004% 43.9%
The larger trades (>= 500) occurred on 17 of the 56 trades, 30.36%. These 19,330 shares were 73.16% of day's volume, and traded at a VWAP of $1.0005. 6 of the larger trades, 35.29%, were buys of 10,050 shares, 51.99% of the larger trades volume, and traded at a VWAP of $1.0135. 10 trades, 58.82%, were sells and accounted for 8,280 shares, 42.83% of the larger trade volume, and traded at a VWAP of $0.9854. 1 trades, 5.88%, was an unknown and accounted for 1,000 shares, 5.17% of the larger trade volume, and traded at a VWAP of $0.9957.
The other 39 trades, 69.64%, traded 7,090 shares, 26.84% of the days volume. The VWAP was $0.9887. 5 trades, 12.82%, were buys and accounted for 1,550 shares, 21.86% of the smaller trade volume, and traded at a VWAP of $0.9947. 33 trades, 84.62%, were sells and accounted for 5,440 shares, 76.73% of the smaller trade volume, and traded at a VWAP of $0.9870. 1 trades, 2.56%, was an unknown and accounted for 100 shares, 1.41% of the smaller trade volume, and traded at a VWAP of $0.9943.
"Dly Sht % of 'sells'" and inflection point changes here are in the latest daily post above.
01/07/2015: EOD stuff partially copied to the concentrator.
# Trds: 15, MinTrSz: 10, MaxTrSz: 4400, Vol: 11400, AvTrSz: 760
Min. Pr: 0.9900, Max Pr: 1.0001, VW Avg. Tr. Pr: 0.9973
# Buys, Shares: 6 5500, VW Avg Buy Pr: 0.9999
# Sells, Shares: 8 5700, VW Avg Sell Pr: 0.9949
# Unkn, Shares: 1 200, VW Avg Unk. Pr: 0.9952
Buy:Sell 1:1.04 (48.25% "buys"), DlyShts 0 (00.00%), Dly Sht % of 'sells' 0.00%
The second day of extremely low volume and only 15 trades again means it's not worth my time, for what we might get from it, to break down trades by time, price or size today. So those are again omitted. Ditto for analysis and opinions.
Note that if we discount yesterday's opening oddlot trade of 20 shares at $0.9600 and use the $0.9900 I suggested as a more appropriate low, the following low movement would be 0%.
I will say that the ~48% buy percentage is meaningless as I believe it's just an effect of the low volume combined with marketmakers trying to make a buck. It's just a result of "churn", which is all we're seeing ATM.
Today's low, high, VWAP, trade volume, and daily short sales moved 3.13%, 0.98%, 00.11%, 17.53% and 0% respectively. Price spread today was 1.02% vs. 5.21%, 5.21%,. 12.63%, 9.65%, 14.00%, 6.93%, 12.50%, 8.25% and 10.43% on prior days.
Some daytoday VWAP changes, with the end date shown and the percentage change from the prior day. Buy percentage is the last value on each line.
12/23 $1.0072 07.46% 36.0%
12/24 $1.0050 00.23% 27.3%
12/26 $1.0005 00.45% 24.5%
12/29 $1.0523 +05.19% 14.3%
12/30 $1.0560 +00.35% 27.2%
12/31 $0.9800 07.20% 40.3%
01/02 $1.0010 +02.15% 48.3%
01/05 $0.9801 02.08% 0.69%
01/06 $0.9963 +01.65% 10.3%
01/07 $0.9973 +00.11% 48.2%
No larger trades (>= 500) breakdown today.
"Dly Sht % of 'sells'" and inflection point changes here are in the latest daily post above.
01/06/2015: EOD stuff partially copied to the concentrator.
# Trds: 12, MinTrSz: 10, MaxTrSz: 2000, Vol: 9700, AvTrSz: 808
Min. Pr: 0.9600, Max Pr: 1.0100, VW Avg. Tr. Pr: 0.9963
# Buys, Shares: 2 1000, VW Avg Buy Pr: 1.0100
# Sells, Shares: 9 6700, VW Avg Sell Pr: 0.9936
# Unkn, Shares: 1 2000, VW Avg Unk. Pr: 0.9982
Buy:Sell 1:6.70 (10.31% "buys"), DlyShts 0 (00.00%), Dly Sht % of 'sells' 0.00%
Because my reported $0.9600 low resulted from an oddlot 20share first trade of the day at the open that was 3.03% below the "official" low, and because this is a substantial divergence from what normally happens with the oddlot trades, I thought it would be proper to highlight it today. The "official" low of $0.99 is a better metric ... if any are "better" on a day of 12 trades, including the oddlot trade, with volume of 9.7K and ... Are you ready? Several of which were "double counts" as the MMs bought and sold shares, snagging fees from the exchanges.
In consideration of all that, it's not worth my time, for what we might get from it, to break down trades by time, price or size today. So those are omitted today.
With this sort of volume it's also not worth spewing opinions on what the numbers might mean, so that's omitted too.
I will say that the apparent consolidation I suggested might be happening seems to be supported by this behavior.
Note that if the "official" day's low of $0.9900 is used, the following low movement would be 3.13% and the price spread would be 2.02%.
Today's low, high, VWAP, trade volume, and daily short sales moved 0.00%, 0.00%, 01.65%, 33.47% and 100.00% respectively. Price spread today was 5.21% vs 5.21%,. 12.63%, 9.65%, 14.00%, 6.93%, 12.50%, 8.25%, 10.43% and 13.33% on prior days.
Some daytoday VWAP changes, with the end date shown and the percentage change from the prior day. Buy percentage is the last value on each line.
12/22 $1.0884 09.36% 29.3%
12/23 $1.0072 07.46% 36.0%
12/24 $1.0050 00.23% 27.3%
12/26 $1.0005 00.45% 24.5%
12/29 $1.0523 +05.19% 14.3%
12/30 $1.0560 +00.35% 27.2%
12/31 $0.9800 07.20% 40.3%
01/02 $1.0010 +02.15% 48.3%
01/05 $0.9801 02.08% 0.69%
01/06 $0.9963 +01.65% 10.3%
No larger trades (>= 500) breakdown today.
"Dly Sht % of 'sells'" and inflection point changes here are in the latest daily post above.
01/05/2015: EOD stuff partially copied to the concentrator.
# Trds: 24, MinTrSz: 12, MaxTrSz: 3800, Vol: 14580, AvTrSz: 608
Min. Pr: 0.9600, Max Pr: 1.0100, VW Avg. Tr. Pr: 0.9801
# Buys, Shares: 1 100, VW Avg Buy Pr: 0.9800
# Sells, Shares: 20 14166, VW Avg Sell Pr: 0.9802
# Unkn, Shares: 3 314, VW Avg Unk. Pr: 0.9783
Buy:Sell 1:141.66 (00.69% "buys"), DlyShts 1525 (10.46%), Dly Sht % of 'sells' 10.77%
Yesterday was almost all good news. Today, it's the opposite. VWAP below $1, a severe breakdown of buy percentage after three consecutive improvements, trade volume back in the cellar, and several metrics which had been showing the beginnings of a trend towards improvement, including both versions of my inflection point calculations (although rather haltingly), weakened some.
With low volume and larger trades comprising 89.99% of the day's volume, it appears that the retail investor has not yet recovered from their new year hangover. >:))
Jesting aside, I'm not surprised that volume early in the first full week of trading in the new year is low. I am surprised that the VWAP weakened as much as it did.
Offsetting those "bad" factors, the low was higher 1.05%, the high was lower ~5.6%, the spread narrowed to 5.21% (much more reasonable than what has been seen quite often), and daily short percentage only fell a reasonable amount (doing what appears to be a normal "choppy" recovery to normal range). Combined with volume down, it may be there's a bit of consolidation going on. If this is the case, we should see some price stability appear, or even a little appreciation.
All things considered, I'm not yet going back to all pessimistic. I don't know if the sub$1 VWAP is drawing in PIPEr selling. With this kind of volume it would be hard to recognize with any confidence.
Yesterday, being less bearish than usual, I said "Recently high volume has been associated with rather nasty results so "low volume" equals "good" for the moment". If we used a single day as an indicator, today I would amend that to "Any trade leads to nasty things for the moment". >:(
A said yesterday, we could still see a reversion to "good volume" equals price stability or even appreciation. As before, "Time, time, time, ... We'll see".
Yesterday the buying strength appeared on generally higher prices (see yesterday's comments about the trading breakdowns) and strengthened my suspicion that we had some retail buyers (maybe the supposed early taxloss sellers?) returning to take another shot. As mentioned, today's buy percentage was quite low. One day combined with low volume can't be considered the end of the trend though  a couple days of behavior is needed to assess that.
Yesterday I noted even if daily short percentage is returning to something closer to what I had come to expect, we should see "choppy" behavior. Today supported that thought but, as with yesterday, this still may be premature speculation because there's not enough of a new data trend yet to support thinking that the "old normal" is returning.
Today's low, high, VWAP, trade volume, and daily short sales moved 1.05%, 5.61%, 02.08%, 36.47% and 64.53% respectively. Price spread today was 5.21% vs. 12.63%, 9.65%, 14.00%, 6.93%, 12.50%, 8.25%, 10.43%, 13.33% and 24.30% on prior days.
Here's a trading breakdown by arbitrary timeframes. Regarding the possible presence of the "unseen support crew", yesterday's breakdown by time caused me to say the behavior would be fertile ground for my TFH to run rampant but I didn't see the factors (see yesterday's comments for a list of them) that would support their presence. I ended with "This looks more like "typical" trading behavior to me". Today seems to confirm we've got no "unseen support crew" at work right now. Will they return? No way to know.
09:3009:37: 001032 shrs, 07.08% of vol, VWAP $1.0000, 000.0% buys
09:5209:53: 004800 shrs, 32.92% of vol, VWAP $0.9900, 000.0% buys
11:3511:38: 000300 shrs, 02.06% of vol, VWAP $0.9780, 000.0% buys
12:1412:57: 006100 shrs, 41.84% of vol, VWAP $0.9626, 000.0% buys
13:5713:57: 000100 shrs, 00.69% of vol, VWAP $0.9800, 100.0% buys
14:3014:30: 001500 shrs, 10.29% of vol, VWAP $1.0067, 000.0% buys
15:2115:36: 000748 shrs, 05.13% of vol, VWAP $0.9796, 000.0% buys
Here's a trading breakdown by arbitrary price range.
$0.9600$0.9601: 004575 shrs, 31.38% of vol, VWAP $0.9601, 000.0% buys
$0.9700$0.9780: 001859 shrs, 12.75% of vol, VWAP $0.9715, 000.0% buys
$0.9800$0.9850: 000814 shrs, 05.58% of vol, VWAP $0.9801, 012.3% buys
$0.9900$0.9900: 004800 shrs, 32.92% of vol, VWAP $0.9900, 000.0% buys
$1.0000$1.0000: 001532 shrs, 10.51% of vol, VWAP $1.0000, 000.0% buys
$1.0100$1.0100: 001000 shrs, 06.86% of vol, VWAP $1.0100, 000.0% buys
Some daytoday VWAP changes, with the end date shown and the percentage change from the prior day. Buy percentage is the last value on each line.
12/19 $1.2009 00.78% 35.9%
12/19 $1.2680 +04.76% 54.4% (sans the 27K $1.07 block)
12/22 $1.0884 09.36% 29.3%
12/23 $1.0072 07.46% 36.0%
12/24 $1.0050 00.23% 27.3%
12/26 $1.0005 00.45% 24.5%
12/29 $1.0523 +05.19% 14.3%
12/30 $1.0560 +00.35% 27.2%
12/31 $0.9800 07.20% 40.3%
01/02 $1.0010 +02.15% 48.3%
01/05 $0.9801 02.08% 0.69%
The larger trades (>= 500) occurred on 11 of the 24 trades, 45.83%. These 13,120 shares were 89.99% of day's volume, and traded at a VWAP of $0.9812. There were no buys. All were sells.
The other 13 trades, 54.17%, traded 1,460 shares, 10.01% of the days volume. The VWAP was $0.9702. 1 trade, 7.69%, was a buy and accounted for 100 shares, 6.85% of the smaller trade volume, and traded at a VWAP of $0.9800. 9 trades, 69.23%, were sells and accounted for 1,046 shares, 71.64% of the smaller trade volume, and traded at a VWAP of $0.9669. 3 trades, 23.08%, were unknowns and accounted for 314 shares, 21.51% of the smaller trade volume, and traded at a VWAP of $0.9783.
"Dly Sht % of 'sells'" and inflection point changes here are in the latest daily post above.
01/02/2015: EOD stuff partially copied to the concentrator.
# Trds: 73, MinTrSz: 4, MaxTrSz: 2500, Vol: 22950, AvTrSz: 314
Min. Pr: 0.9500, Max Pr: 1.0700, VW Avg. Tr. Pr: 1.0010
# Buys, Shares: 39 11095, VW Avg Buy Pr: 1.0109
# Sells, Shares: 34 11855, VW Avg Sell Pr: 0.9917
# Unkn, Shares: 0 0, VW Avg Unk. Pr: 0.0000
Buy:Sell 1:1.07 (48.34% "buys"), DlyShts 4300 (18.74%), Dly Sht % of 'sells' 36.27%
Today is almost all good news. We held a VWAP above $1 (unlike yesterday), we had a third consecutive improvement in buy percentage (sans strong evidence of "unseen support crew" presence), daily short percentage finally made a large positive move (good because I've felt "normal short percentages" are necessary to see stable or improving VWAP), and several metrics have been showing the beginnings of a trend towards improvement, including both versions of my inflection point calculations, although rather haltingly.
From all this, and best objective assessment of everything, I suspect retail investors that might have been early taxloss sellers are returning. I also suspect yesterday's big volume and sub$1 VWAP was the exit of the tardy taxloss sellers, which should relieve that particular downward pressure.
The part of the news that's not so great is that trade volume, which "went through the roof" yesterday, fell below all my averages today. But I'm seeing this as a good thing since yesterday's volume took our VWAP below $1 to $0.9800 and today's volume took VWAP back up to $1.0010. Today's volume also took buy percentage to 48.3% and daily short percentage to 18%+  all nice little improvements. Recently high volume has been associated with rather nasty results so "low volume" equals "good" for the moment.
If our "high volume" equals "bad" was due mostly to taxloss sellers over the last month or so, we could see a reversion to "good volume" equals price stability or even appreciation. If today's results truly do indicate the return of some retail buyers and if there's more of them in the wings waiting to see most of the downside risk apparently dissipated, we could see a trend of "decent" volume with good metrics associated with it. Time, time, time, ... We'll see.
Moving on to the detailed discussions ...
Buy percentage, which in the two prior sessions improved from 14.3% to 27.2% and then 40.4%, continued on the road to recovery with 48.3% reading, very near a level not see since the 48.9% of 12/18. Yesterday it was again a struggle to get it there and I felt we were saved when we got some price weakness that enticed more buyers (returning early taxloss sellers?) to enter. Today the buying strength appeared on generally higher prices (see comments about the trading breakdowns) and strengthens my suspicion that we have some retail buyers (maybe the supposed early taxloss sellers?) returning to take another shot. For the second day we're above my 10, 25, 50 and 100day buy percentage averages of 38.03%, 33.20%, 36.91% and 37.36% respectively. This has started to drag the 10day average, which was 33.17%, higher.
Yesterday I noted daily short percentage readings as low as we've seen recently generally don't last so long and I wondered about the cause. Today it rose from the recent 2.7% average, over a week or so, to 18%+ at the same time we had buy percentage improving a third consecutive day (27.2%, 40.4% and today 48.3%). Since my take today is it looks like some "normal" trading behavior was returning, and I'm guessing some retail folks are coming back in, it may be I was premature to wonder yesterday if we should expect normally lower short percentages when trading on major exchanges, as compared to the OTC. We'll have to wait and see. Anyway, it's only a oneday bump. Even if it is returning to something closer to what I had come to expect, we should see "choppy" behavior. All this may also be premature speculation though  there's not enough of a new data trend yet to support thinking that the "old normal" is returning.
Today's low, high, VWAP, trade volume, and daily short sales moved 2.14%, 4.91%, 02.15%, 86.75% and 79.17% respectively. Price spread today was 12.63% vs. 9.65%, 14.00%, 6.93%, 12.50%, 8.25%, 10.43%, 13.33%, 24.30% and 25.45% on prior days.
Here's a trading breakdown by arbitrary timeframes. A bit over half the day's volume occurred in the three periods encompassing 10:11  13:45. These periods also had the strongest buying percentages, the lowest being 52% in the last period. During this time we were struggling to hold $1 VWAP. This would be fertile ground for my TFH to run rampant but I didn't see the bids walking up, nor a consistent hard hitting of the asks, and the asks didn't really back off much until much later in the day. Then the buy percentages began to fall off. So I think today the TFH needs to shut up. This looks more like "typical" trading behavior to me.
09:3109:40: 002200 shrs, 09.59% of vol, VWAP $0.9719, 018.2% buys
10:1110:55: 001567 shrs, 06.83% of vol, VWAP $1.0562, 077.0% buys
12:0212:07: 004607 shrs, 20.07% of vol, VWAP $0.9968, 082.5% buys
13:1613:45: 006404 shrs, 27.90% of vol, VWAP $0.9955, 052.0% buys
14:5114:51: 003717 shrs, 16.20% of vol, VWAP $1.0000, 032.3% buys
15:1215:59: 004455 shrs, 19.41% of vol, VWAP $1.0090, 025.9% buys
Here's a trading breakdown by arbitrary price range. Unlike yesterday's higher buying percentage at lower price (a welcome return of some normal behavior from the past), today had higher buying percentage on higher price and some of those ranges had decent volume too. This is a bit unusual recently except for when the "unseen support crew" was suspected to be present. Today I didn't see strong indications of this so I think maybe it was just some of the retail crowd returning (early taxloss sellers taking another shot?). OTOH, the crew may have become more sly in their behavior. We'll never know.
$0.9500$0.9503: 001900 shrs, 08.28% of vol, VWAP $0.9501, 000.0% buys
$0.9600$0.9600: 000200 shrs, 00.87% of vol, VWAP $0.9600, 000.0% buys
$0.9828$0.9999: 007300 shrs, 31.81% of vol, VWAP $0.9951, 044.1% buys
$1.0000$1.0190: 011635 shrs, 50.70% of vol, VWAP $1.0033, 054.3% buys
$1.0399$1.0399: 000155 shrs, 00.68% of vol, VWAP $1.0399, 100.0% buys
$1.0500$1.0500: 000360 shrs, 01.57% of vol, VWAP $1.0500, 000.0% buys
$1.0700$1.0700: 001400 shrs, 06.10% of vol, VWAP $1.0700, 100.0% buys
Some daytoday VWAP changes, with the end date shown and the percentage change from the prior day. Buy percentage is the last value on each line.
12/18 $1.2103 +08.01% 48.9%
12/19 $1.2009 00.78% 35.9%
12/19 $1.2680 +04.76% 54.4% (sans the 27K $1.07 block)
12/22 $1.0884 09.36% 29.3%
12/23 $1.0072 07.46% 36.0%
12/24 $1.0050 00.23% 27.3%
12/26 $1.0005 00.45% 24.5%
12/29 $1.0523 +05.19% 14.3%
12/30 $1.0560 +00.35% 27.2%
12/31 $0.9800 07.20% 40.3%
01/02 $1.0010 +02.15% 48.3%
The larger trades (>= 500) occurred on 13 of the 73 trades, 17.81%. These 13,492 shares were 58.79% of day's volume, and traded at a VWAP of $1.0023. 6 of the larger trades, 46.15%, were buys of 5,692 shares, 42.19% of the larger trades volume, and traded at a VWAP of $1.0156. 7 trades, 53.85%, were sells and accounted for 7,800 shares, 57.81% of the larger trade volume, and traded at a VWAP of $0.9926. There were no unknowns.
The other 60 trades, 82.19%, traded 9,458 shares, 41.21% of the days volume. The VWAP was $0.9991. 33 trades, 55.00%, were buys and accounted for 5,403 shares, 57.13% of the smaller trade volume, and traded at a VWAP of $1.0060. 27 trades, 45.00%, were sells and accounted for 4,055 shares, 42.87% of the smaller trade volume, and traded at a VWAP of $0.9900. There were no unknowns.
"Dly Sht % of 'sells'" and inflection point changes here are in the latest daily post above.
Disclosure: The author is long AXPW.
Additional disclosure: I am very experimental and sometimes do my TA in nontraditional fashions. Keep this in mind when considering anything I post and be sure and consult other sources and do your due diligence. I'm barely responsible for myself and certainly not responsible for anyone else or their actions. :)
AXPW: IntraDay Trade & Buy:Sell Inflection Point Charting Beginning 12/01/2014
Links to blogs older than the 01/01/2014 version, PIPE discussions, one year charts will be found only in that and older blogs. Most historical short sales related stuff has also been chopped.
In the below chart the volume is inverted to enhance readability! Be aware when you view it!
(rightclick and open in new tab, position cursor over image to be able to zoom and scroll)
Next are modified inflection point calculation charts bracketing a price chart for comparison.
The next two identically calculated inflection points are calculated differently from the original above. I have two different presentations of this newer version. The top one has all periods on the same scale. The bottom one has longer periods on the left scale and shorter periods on the right scale. The hope is that shorter period changes will be easier to spot. More work to do, this is a start, hopefully.
Other changes I want to try are still waiting for me to work on them.
(rightclick and open in new tab, position cursor over image to be able to zoom and scroll)
Older stuff for "2013 Dly Sht % of 'sells' values", Weekly 85% price summaries going back to 6/14/2012, and some daytoday VWAP changes stuff going back to 10/09 are available in AXPW: IntraDay Trade & Buy:Sell Inflection Point Charting Beginning 10/1/2013.
N.B. It occurred to me that some may wonder why my high, low or close may not match with what's reported by various services you reference. The reason is that rules prohibit using oddlot trades for certain critical metrics presented to the retail investor. I honor no such prohibition. I can see only selfinterested reasons from the financial community justifying such rules.
On 12/12/2014 something that caught my eye, implications unknown, was how "balanced" are the volumes before and after the 2,300 shares traded at $1.1700  1,900 shares at a lower price and 1,939 shares at a higher price. What intelligence that item contained was beyond me, other than to guess that some MM(s) is(are) keeping position(s) balanced and close to marketneutral. This seems supported by another oddity, made visible by the low volume combined with an oddlot trade and another trade not a multiple of 100.
CAVEAT: It's possible some of the short sales assumed in the following discussion could be "real" shorting by nonMM participants. Considering price, report of shares being hard to borrow and some brokers not allowing clients to short this stock for a couple different reasons, I think it unlikely these were "real" short sales.
The trade volume above and below $1.17, less three trades after and at a higher price ($1.18 of 132 shares, $1.20 for 317 shares and $1.2001 for 33 shares), totals to today's short volume of 3,357. There's another combination that can be worked to yield this value, but it seems inconsequential to consider: a 132 share trade that I think was not a short may have been a short, and a combination of the only 32 share oddlot trade for $1.19 and any 100 share trade at any price may have been the actual 132 shares that were not short sales.
This, for only the second time in my memory, allows "anecdotal confirmation" of some of my (supposed) understanding of both MM behavior and, partially overall, how the market works in their presence. The $1.17 trades were all buys with a VWAP of $1.1700 (naturally) and the shorts were all sells but for a 300 share buy at $1.1690, a 500 share buy for $1.22, and a buy of 100 shares at $1.2298, the day's high. This would have yielded to the MMs $4,531.46 from short sales and the VWAP at which the MM sold would be $1.178343. This short position may have been mostly covered, e.g., by buying all 2300 shares traded at $1.17 for a cost of $2,691.00. On the shares shorted and already thus covered, the spread would be 0.71%. For a highvolume market maker this would be a nice intraday return when the fees from the exchanges (I don't know the value of these) for making the market are added in. Computers work cheaply.
The remainder of the short volume may be a current liability in the MMs account. This would suggest the market would be moved lower so the MM(s) could make covering buys at a lower price ... if the shortfall (e.g. assuming only 2,300 covering buys completed so far against 3,357 shares shorted) weren't so small. With the small shortfall and our normal market behavior, getting covering buys done at a VWAP <= $1.178343 should not be a problem in the normal course of daily trading.
12/31/2014: EOD stuff partially copied to the concentrator.
# Trds: 169, MinTrSz: 6, MaxTrSz: 3800, Vol: 73762, AvTrSz: 436
Min. Pr: 0.9301, Max Pr: 1.0199, VW Avg. Tr. Pr: 0.9800
# Buys, Shares: 72 29697, VW Avg Buy Pr: 0.9819
# Sells, Shares: 89 41985, VW Avg Sell Pr: 0.9777
# Unkn, Shares: 8 2080, VW Avg Unk. Pr: 0.9990
Buy:Sell 1:1.41 (40.26% "buys"), DlyShts 2400 (3.25%), Dly Sht % of 'sells' 5.72%
Watching the intraday action, seeing sub$1 prices, seeing volume that would likely end much higher than normal, guessing a lot of the volume and price weakness was due to procrastinating taxloss sellers, ... I took another hit on the hopium pipe and ...
Broke my promise to myself that I wouldn't ever buy more until I was sure price would go up. Bought a very small, limiting risk, trading block at $0.951. They'll be gone, most likely in the next few weeks (or sooner?). I had three separate bids at three earlier times at higher prices I canceled as I recognized some lower price might yet appear. Since only 25 trades totaling just 7,286 shares were at a better price, I'm not kicking myself too hard about the price I paid.
Yesterday, following on with the prior day's statement about the utility of buy percentage and volume stuff, I said "It's early, but the weaker VWAP improvement, combined with continued low volume and daily short percentage, makes me think we'll be seeing some sub$1 trading again shortly".
Also yesterday, after wondering about the presence of unseen support, I ended with "... but it's nice to see some appreciation again. We ended up with a 0.35% VWAP improvement. Better than a sharp stick in the eye, I guess, but we'll probably get that tomorrow".
Today, which was tomorrow yesterday >:), had this result.
Trade volume, with falling averages, "went through the roof", relatively, with a 63.64% increase. It came in above all my averages (through yesterday, in thousands, 51.41, 37.57, 65.03 and 39.60 for the 10, 25, 50 and 100day periods respectively). This has followed a common occurrence we've seen of "high" volume producing falling VWAP and weakening inflection point results.
Buy percentage, which yesterday improved to 27.2% from the prior 14.3%, continued on the road to recovery, posting a level not see since the 48.9% of 12/18. It was again a struggle to get it there, as can be seen by the trading breakdown by time, but not as tough as yesterday's struggle to achieve 27.2%. I think this is because we did get some price weakness (DOH!) that enticed more buyers (whether MMs covering short sales or investors I can't tell). It got above my 10, 25, 50 and 100day averages of 33.17%, 36.01%, 37.22% and 38.03% respectively.
Daily short percentage, which yesterday had averaged 2.6% over seven trading days, continues in the area where I feel price appreciation is unlikely. Today's 3.3% short moves the average up to 2.7%. Readings this low generally don't last this long so I wonder about the cause. May have found it but time (and opportunity) will be needed to investigate and confirm or discredit. It may be that the "average" we should see when trading on major exchanges is lower than what was seen when we traded in the OTC market. We'll see (sometime in the future).
Note in the following that the low and spread were affected by two "outlier" trades  a single buy of 100 shares at 15:57:13 and a 75 share oddlot sell of 75 shares at 15:58:37. Both went at $0.9301. The next higher price (it had some volume of trades and shares) was $0.94 (all in the last few minutes of the session). If $0.94 is used as the low, the low movement would be 6.00% instead of 6.99% and the spread would be 8.50% instead of 9.65%.
Today's low, high, VWAP, trade volume, and daily short sales moved 6.99%, 10.54%, 07.20%, 63.64% and 36.21% respectively. Price spread today was 9.65% vs. 14.00%, 6.93%, 12.50%, 8.25%, 10.43%, 13.33%, 24.30%, 25.45% and 4.55% on prior days.
Here's a trading breakdown by arbitrary timeframes. Note the premarket trades of the first period were at the day's highest VWAP, although the trade prices were at $1.00 and $1.01 for 1K shares each (900 and 100 in two trades at each price). Weakness in VWAP began to appear a bit earlier than normal today  likely because there was no typical early rise to forestall the urge to "get the hell out of Dodge". If my thought that some of our weakness was lastminute taxloss selling is correct, that may account for the earlier weakness too. We'll never know though.
09:2809:28: 002000 shrs, 02.71% of vol, VWAP $1.0050, 000.0% buys
09:3009:30: 005147 shrs, 06.98% of vol, VWAP $0.9787, 029.1% buys
09:5409:56: 008500 shrs, 11.52% of vol, VWAP $1.0001, 075.3% buys
09:5910:33: 012180 shrs, 16.51% of vol, VWAP $1.0042, 005.6% buys
10:3611:31: 005530 shrs, 07.50% of vol, VWAP $1.0040, 018.1% buys
11:4011:52: 007692 shrs, 10.43% of vol, VWAP $0.9939, 072.8% buys
12:5713:56: 005748 shrs, 07.79% of vol, VWAP $0.9634, 017.4% buys
14:0414:41: 009063 shrs, 12.29% of vol, VWAP $0.9673, 094.9% buys
15:0115:13: 007500 shrs, 10.17% of vol, VWAP $0.9526, 002.7% buys
15:2415:54: 004892 shrs, 06.63% of vol, VWAP $0.9511, 059.6% buys
15:5615:58: 005510 shrs, 07.47% of vol, VWAP $0.9452, 032.7% buys
Here's a trading breakdown by arbitrary price range. Note some behavior we've not seen in a while  stronger buying (based on buy percentage) at lower price. See the note regarding MM short sales after the EOD header.
$0.9301$0.9450: 002850 shrs, 03.86% of vol, VWAP $0.9404, 063.3% buys
$0.9500$0.9697: 025215 shrs, 34.18% of vol, VWAP $0.9551, 039.3% buys
$0.9700$0.9865: 009887 shrs, 13.40% of vol, VWAP $0.9729, 023.3% buys
$0.9900$1.0094: 027810 shrs, 37.70% of vol, VWAP $0.9999, 047.1% buys
$1.0100$1.0199: 008000 shrs, 10.85% of vol, VWAP $1.0121, 032.3% buys
Some daytoday VWAP changes, with the end date shown and the percentage change from the prior day. Buy percentage is the last value on each line.
12/17 $1.1206 01.30% 48.0%
12/18 $1.2103 +08.01% 48.9%
12/19 $1.2009 00.78% 35.9%
12/19 $1.2680 +04.76% 54.4% (sans the 27K $1.07 block)
12/22 $1.0884 09.36% 29.3%
12/23 $1.0072 07.46% 36.0%
12/24 $1.0050 00.23% 27.3%
12/26 $1.0005 00.45% 24.5%
12/29 $1.0523 +05.19% 14.3%
12/30 $1.0560 +00.35% 27.2%
12/31 $0.9800 07.20% 40.3%
The larger trades (>= 500) occurred on 46 of the 169 trades, 27.22%. These 55,491 shares were 75.23% of day's volume, and traded at a VWAP of $0.9805. 21 of the larger trades, 45.65%, were buys of 20,664 shares, 37.24% of the larger trades volume, and traded at a VWAP of $0.9837. 24 trades, 52.17%, were sells and accounted for 33,927 shares, 61.14% of the larger trade volume, and traded at a VWAP of $0.9781. 1 trade, 2.17%, was unknown and accounted for 900 shares, 1.62% of the larger trade volume, and traded at a VWAP of $0.9980.
The other 123 trades, 72.78%, traded 18,271 shares, 24.77% of the days volume. The VWAP was $0.9785. 51 trades, 41.46%, were buys and accounted for 9,033 shares, 49.44% of the smaller trade volume, and traded at a VWAP of $0.9777. 65 trades, 52.85%, were sells and accounted for 8,058 shares, 44.10% of the smaller trade volume, and traded at a VWAP of $0.9761. 7 trades, 5.69%, were unknowns and accounted for 1,180 shares, 6.46% of the smaller trade volume, and traded at a VWAP of $0.9997.
"Dly Sht % of 'sells'" and inflection point changes here are omitted from the concentrator.
Here's my newer inflection point calculations. Yesterday, all six periods showed reducing weakness, again an effect of continued low volume, IMO, as buy percentage moved from the prior day's 14.3% to 27.2%. Today all six periods flipped to showing increasing weakness as trade volume rose dramatically (~64%  see note after EOD header). As mentioned above, we may have seen capitulation by the taxloss sellers and a pleasant surprise may show up soon (yes, I know it's hopium). This thinking caused me to take a look at some of the various metrics of changes (percentage, average over five days, etc.) and they don't look all that bad. If behavior returns to normal in the next day or two a small VWAP improvement might be seen.
_5day_ 10day_ _25day_ _50day_ _100day_ _200day_
+003.27 +0011.06 0273.19 0912.50 01893.91 03719.32
+006.27 +0010.56 0282.01 0963.00 01890.25 03958.77
+000.30 +0049.29 0169.97 0546.50 01244.54 02288.12
018.56 +0036.38 0230.97 0751.37 01347.74 02703.21 (with $1.07 27K block)
+023.70 +0088.95 0136.88 0463.87 00904.29 01710.68 (sans $1.07 27K block)
075.56 0044.05 0275.43 1344.45 02250.11 04606.55
095.92 0109.53 0267.86 1681.48 02755.03 05639.86
104.64 0109.79 0255.27 1591.99 02506.42 05219.93
120.84 0141.26 0262.70 1530.41 02392.88 04988.65
115.17 0145.50 0254.97 1147.44 01780.95 03627.96
093.79 0141.23 0191.51 0930.36 01449.21 02967.17
109.11 0177.13 0259.69 1271.35 01963.18 04118.60
All following 12/19 readings INCLUDE the $1.07 27K block (a sell) at the close. As can be seen from various metrics in the 12/19 EOD post, this trade substantially skewed the metrics to the negative side. I can see no way, with reasonable effort and results, to show the readings below, and the charts, without the 27K trade included.
On my ORIGINAL inflection point calculations, readings for 5, 10, 25, 50, 100 and 200 day periods:
 1day change 
12/19 302.8% 28.6% 19.0% 10.2% 01.5% 02.9%
12/22 118.3% 145.7% +22.3% 05.4% 03.0% 01.3%
12/23 06.2% 338.0% +29.4% 03.9% 02.4% 01.2%
12/24 24.9% 19.7% 09.3% 01.8% +01.1% 00.2%
12/26 34.4% 68.3% 19.0% 02.9% 02.4% 02.3%
12/29 25.3% 41.9% 48.0% 06.0% 05.2% 04.8%
12/30 +08.9% 12.7% +05.2% 01.6% 01.8% 02.4%
12/31 +00.2% 01.9% 02.6% 01.7% 01.2% 01.3%
 5day change 
12/19 056.5% 059.7% 144.8% 8244.6% 048.2% 094.5%
12/22 028.7% 296.5% +072.0% 054.5% 194.5% 948.7%
12/23 +033.7% 133.6% +685.3% 016.9% 151.5% 160.3%
12/24 029.1% 017.8% 018.3% 014.5% 032.8% +001.1%
12/26 009.4% 060.0% 054.1% 023.3% 057.8% 097.4%
12/29 006.4% 023.7% 144.2% +009.6% 048.0% 028.1%
12/30 +041.7% +010.9% 301.1% +015.8% +008.3% 013.3%
12/31 +006.5% +023.7% 113.5% +010.9% +010.1% 002.8%
 5day rate of change 
12/19 022.5% 178.3% 504.6% 090.9% 064.8% 129.0%
12/22 +002.6% 018.1% +006.4% 017.5% 041.1% +019.1%
12/23 +066.2% 008.2% +062.5% +009.7% +007.9% 020.5%
12/24 044.2% 003.3% 015.7% 018.9% 057.4% 004.8%
12/26 +046.1% 019.5% +039.5% 008.4% 010.9% 041.6%
12/29 +050.2% 005.1% +145.1% +048.6% 021.1% +008.3%
12/30 +292.0% +035.3% 211.1% +069.7% +030.6% +003.8%
12/31 071.3% +064.5% 389.9% +119.4% +036.4% +021.9%
On my NEWER inflection point calculations, for those same periods:
 1day change 
12/19 6280.61% 026.19% 035.89% 037.49% 008.29% 018.14%
12/22 307.02% 221.08% 019.25% 078.93% 066.95% 070.41%
12/23 026.95% 148.65% +002.75% 025.07% 022.44% 022.43%
12/24 009.09% 000.24% +004.70% +005.32% +009.02% +007.45%
12/26 015.48% 028.66% 002.91% +003.87% +004.53% +004.43%
12/29 +004.69% 003.00% +002.94% +025.02% +025.57% +027.28%
12/30 +018.56% +002.93% +024.89% +018.92% +018.63% +018.21%
12/31 016.33% 025.42% 035.60% 036.65% 035.47% 038.81%
 5day change 
12/19 114.53% 061.69% 118.78% 113.09% 065.34% 082.88%
12/22 073.05% 342.86% 215.59% 1315.66% 397.44% 775.57%
12/23 +018.92% 074.14% +103.97% 005.14% 008.38% +004.67%
12/24 011.82% +000.20% +401.96% +018.20% +028.45% +034.33%
12/26 009.22% 058.33% 446.68% 056.43% 086.37% 114.13%
12/29 +020.25% +004.55% +074.12% +059.75% +062.27% +065.76%
12/30 +081.13% +046.57% +449.75% +204.55% +284.87% +277.28%
12/31 +027.67% +030.44% 090.26% 000.95% 001.13% 007.21%
 5day rate of change 
12/19 052.72% 228.23% 091.39% 053.75% 041.80% 046.81%
12/22 062.54% 267.70% 2161.7% 426.43% 321.07% 340.61%
12/23 +053.17% +014.59% +059.62% +040.11% +043.50% +047.35%
12/24 006.13% +015.23% +038.99% +036.13% +040.65% +049.56%
12/26 +025.66% 030.77% 026.55% 073.87% 088.70% 120.32%
12/29 +070.62% +020.60% +105.81% +075.02% +063.51% +072.47%
12/30 +501.82% +086.72% +1076.0% +432.59% +327.81% +398.78%
12/31 017.39% +289.69% 098.70% +002.94% +003.61% 005.81%
Rolling 5day ORIGINAL inflection point calculation aggregate change:
******* ******* *5 Day** *10 Day * * 25Day ** 50 Day **100Day* 200 Day
12/19 5 day 65.087 +13.8810 36.3880 48.0650 +11.3319 +1.6251
12/22 5 day 83.794 27.2710 10.1920 74.2530 10.7094 13.7921
12/23 5 day 55.537 63.6920 +59.6490 86.8220 26.9328 35.9005
12/24 5 day 71.674 75.0050 +48.7290 99.4030 35.7629 35.4984
12/26 5 day 78.423 120.0190 +22.3830 122.5590 56.4177 70.0677
12/29 5 day 83.422 148.5090 9.8830 110.8110 83.4734 89.7386
12/30 5 day 48.596 132.3900 39.643 93.2500 76.5081 101.6602
12/31 5 day 45.45 100.9870 84.6190 83.1280 68.8069 104.4840
Average change/day, 5 days
____ **5 Day *10 Day *25 Day *50 Day 100 Day 200 Day
12/19 028.81 019.58 047.87 017.83 006.90 013.76
12/22 028.06 023.12 044.81 020.96 009.73 011.14
12/23 009.48 025.02 016.80 018.93 008.97 013.42
12/24 013.67 025.85 019.44 022.51 014.12 014.06
12/26 007.37 030.89 011.76 024.40 015.66 019.92
12/29 003.67 032.48 +005.30 012.55 018.96 018.27
12/30 +007.04 021.02 005.89 003.80 013.16 017.57
12/31 +002.02 007.46 028.85 +000.74 008.37 013.72
Rolling 5day NEWER inflection point calculation aggregate change:
******* ******* *5 Day** *10 Day * * 25Day ** 50 Day **100Day* 200 Day
12/19 5 day 0070.69 +0028.51 0042.55 0051.66 +0267.13 +0298.21
12/22 5 day 0122.33 0069.25 0134.27 0731.37 0794.54 2014.64
12/23 5 day 0099.19 0120.59 +0005.33 0768.98 0861.13 1920.54
12/24 5 day 0110.91 0120.35 +0026.75 0628.98 0616.17 1261.16
12/26 5 day 0121.14 0190.55 0092.72 0983.91 1148.34 2700.53
12/29 5 day 0096.60 0181.88 0023.99 0396.07 0433.21 0924.76
12/30 5 day 0018.23 0097.19 +0083.92 +0414.08 +0800.90 +1639.38
12/31 5 day 0013.19 0067.60 +0008.17 +0410.13 +0791.85 +1521.26
Average change/day, 5 days
____ **5 Day *10 Day *25 Day *50 Day 100 Day 200 Day
12/19 0029.37 0015.22 +0009.93 +0127.00 +0274.39 +0631.07
12/22 0047.74 0055.98 0204.79 0414.55 0606.61 1518.41
12/23 0022.35 0047.81 0082.69 0248.28 0342.72 0799.50
12/24 0023.72 0040.53 0050.45 0158.59 0203.39 0403.27
12/26 0017.64 0053.00 0063.85 0275.74 0383.81 0888.50
12/29 0005.18 0042.08 +0003.71 0068.88 0140.07 0244.59
12/30 +0020.82 0005.59 +0043.64 +0229.09 +0319.09 +0730.80
12/31 +0017.20 +0010.60 +0000.57 +0235.82 +0330.60 +0688.36
Dly Sht % of 'sells' values JIC it turns out to be useful...
============ 2014 ===============
Mon. 09/29 109.81% 41.70% 72.60% 77.37% 50.42%
Mon. 10/06 74.15% 9.41% 18.62% 424.30% 112.50%
Mon. 10/13 304.26% 60.03% 7.29% 61.28% 18.50%
Mon. 10/20 49.47% 61.27% 11.12% 92.15% 3.86%
Mon. 10/27 4.20% 9.89% 24.32% 43.91% 45.56%
Mon. 11/03 35.23% 70.11% 15.35% 9.91% 22.90%
Mon. 11/10 20.40% 19.13% 19.89% 77.14% 10.63%
Mon. 11/17 0.76% 9.92% 29.76% 81.50% 35.07%
Mon. 11/24 8.37% 1.54% 2.72% 1.84%
Mon. 12/01 24.17% 7.27% 3.41% 18.13% 0.00%
Mon. 12/08 0.63% 14.29% 14.21% 80.06% 135.25%
Mon. 12/15 22.26% 29.38% 26.21% 32.95% 5.67%
Mon. 12/22 0.00% 5.76% 1.95% 7.50%
Mon. 12/29 2.04% 6.62% 5.72%
============ 2014 ===============
Jun Avg: 60.10%, min: 00.00%, max: 394.94%
Jul Avg: 82.38%, min: 00.86%, max: 710.00%
Aug Avg: 22.78%, min: 00.11%, max: 115.70%
Sep Avg: 136.70%, min: 02.84%, max: 174.10%
Oct Avg: 71.56%, min: 03.86%, max: 424.30%
Nov Avg: 24.85%, min: 00.76%, max: 081.50%
Dec Avg: 20.16%, min: 00.00%, max: 135.25%
1231 Vol 0073762, Sht 0002400 03.25% LHC 0.9301 1.0199 0.9400 b:s 1:1.41[202]
1230 Vol 0045077, Sht 0001762 03.91% LHC 1.0000 1.1400 1.0100 b:s 1:2.18[201]
1229 Vol 0053055, Sht 0000900 01.70% LHC 1.0100 1.0800 1.0200 b:s 1:5.79
1226 Vol 0045513, Sht 0002300 05.05% LHC 0.9600 1.0800 0.9900 b:s 1:2.75
1224 Vol 0029020, Sht 0000400 01.38% LHC 0.9700 1.0500 1.0000 b:s 1:2.59
1223 Vol 0056894, Sht 0001900 03.34% LHC 0.9600 1.0601 1.0400 b:s 1:1.61
1222 Vol 0070262, Sht 0000000 00.00% LHC 1.0500 1.1900 1.0500 b:s 1:2.16
1219 Vol 0079646, Sht 0002492 03.13% LHC 1.0700 1.3300 1.0700 b:s 1:1.54[200]
1218 Vol 0046147, Sht 0007000 15.17% LHC 1.1000 1.3800 1.2000 b:s 1.09:1[199]
1217 Vol 0014703, Sht 0001900 12.92% LHC 1.1000 1.1500 1.1200 b:s 1:1.03
1216 Vol 0035900, Sht 0006447 17.96% LHC 1.0900 1.1520 1.1500 b:s 1:1.77
1215 Vol 0016749, Sht 0001500 08.96% LHC 1.1501 1.2000 1.1800 b:s 1.25:1[198]
1212 Vol 0006139, Sht 0003357 54.68% LHC 1.1500 1.2298 1.2001 b:s 1.34:1
1211 Vol 0046260, Sht 0010458 22.61% LHC 1.0800 1.2300 1.1800 b:s 2.27:1
1210 Vol 0026882, Sht 0002000 07.44% LHC 1.0500 1.2300 1.1500 b:s 1:1.38[197]
1209 Vol 0024256, Sht 0000100 00.41% LHC 1.0600 1.2000 1.0900 b:s 31.87:1[196]
1208 Vol 0080616, Sht 0000200 00.25% LHC 0.9450 1.2620 1.2600 b:s 1.26:1[195]
1205 Vol 0017864, Sht 0000000 00.00% LHC 1.2400 1.2999 1.2500 b:s 1:3.65[194]
1204 Vol 0039526, Sht 0004183 10.58% LHC 1.2630 1.3600 1.2899 b:s 1:1.43
1203 Vol 0010278, Sht 0000200 01.95% LHC 1.3200 1.4280 1.3300 b:s 1:1.91
1202 Vol 0016040, Sht 0001000 06.23% LHC 1.3000 1.4400 1.3210 b:s 1:7.33
1201 Vol 0033221, Sht 0004429 13.33% LHC 1.3000 1.3745 1.3050 b:s 1:1.66
1128 Vol 0010850, Sht 0000200 01.84% LHC 1.4000 1.4400 1.4000 b:s 0:~[193]
1126 Vol 0027800, Sht 0000500 01.80% LHC 1.4200 1.5300 1.4300 b:s 1:2.90
1125 Vol 0024039, Sht 0000350 01.00% LHC 1.4500 1.5600 1.5400 b:s 1:2.51[192]
1124 Vol 0025388, Sht 0001250 04.92% LHC 1.4700 1.5688 1.5400 b:s 1:2.04[191]
1121 Vol 0030626, Sht 0009026 29.47% LHC 1.4200 1.6500 1.6500 b:s 1:15.33
1120 Vol 0038542, Sht 0004150 10.77% LHC 1.4400 1.7200 1.4700 b:s 5.71:1[190]
1119 Vol 0015011, Sht 0002500 16.65% LHC 1.4300 1.5500 1.4995 b:s 1.07:1
1118 Vol 0029218, Sht 0001571 05.38% LHC 1.3700 1.5999 1.5000 b:s 1:1.30[189]
1117 Vol 0072193, Sht 0000475 00.66% LHC 1.3400 1.5700 1.3700 b:s 1:6.58[188]
1114 Vol 0163388, Sht 0011300 06.92% LHC 1.4600 1.7510 1.4801 b:s 1:2.47[187]
1113 Vol 0075136, Sht 0021944 29.21% LHC 1.7300 1.8900 1.7900 b:s 1.45:1
1112 Vol 0049866, Sht 0005100 10.23% LHC 1.7100 1.8900 1.7500 b:s 1:1.20
1111 Vol 0075925, Sht 0007151 09.42% LHC 1.6540 1.9000 1.8500 b:s 1:1.06
1110 Vol 0135345, Sht 0011760 08.69% LHC 1.4500 1.7700 1.7500 b:s 1.35:1
1107 Vol 0078781, Sht 0009988 12.68% LHC 1.3700 1.4800 1.4400 b:s 1:1.36[186]
1106 Vol 0170097, Sht 0012522 07.37% LHC 1.2400 1.5800 1.3600 b:s 1:3.34[185]
1105 Vol 0128596, Sht 0013289 10.33% LHC 1.3500 1.6100 1.3700 b:s 1:2.68[184]
1104 Vol 0151630, Sht 0049075 32.36% LHC 1.7700 2.1400 1.6100 b:s 1:1.06[183]
1103 Vol 0087333, Sht 0017530 20.07% LHC 2.1400 1.7700 1.7700 b:s 1:1.62[182]
[196] There were 100 exempt short shares included in the short total, bringing the total down to 0 from 100 if these are excluded. The short percentage would move from 0.41% to 0.00%. The short and exempt quantity came on the NASDAQ exchange.
[195] For the second consecutive day we see low shorts, 0 yesterday and 200 today, both from ARCA. This exchange was the one seen in the past that was a key indicator of price being under pressure intraday from PIPErs, a deal set up by MAXIM, the same "investment bank" that's "helped" us with this one by inserting a "cashless conversion" feature into the financing agreement after most investors had been lured in. MAXIM also states in the SEC filing that they may trade, in all manners, the stock on the open market. They have stock inhouse (both in customer accounts and their own) from the financing and their MM function allows them to be on both sides of the trade, by SEC/FINRA rules, simultaneously. The low shorts and today's "twitchy" action (including large intraday gaps in price) suggests MAXIM and/or their minions were present today. BTW, I'm not suggesting ARCA is the exchange used by MAXIM. That would be hard to ascertain because exchanges with no shorts that day may not report their trade volumes and ARCA had only 800 shares traded (meaning 25% short). Some exchanges do report even when they have no short volume. Today they reported 19,920, 15,120 of which was from EDGX. I would supect either EDGX or one of the ones that didn't report as the exchange used by MAXIM.
[194] To have 0 shorts with this volume is extremely unusual. This says that either a lot of MMs were shortterm *very* long  recent trade and short volumes make long positions sufficient to have 0 shorts unlikely IMO  or there was a lot of intraMM/broker trading, which seems most likely. With this volume though that also seems to suggest consideration of who is doing the selling and buying for these trades. Is it really reasonable that "retail" beneficial owners that are selling would hit only buyers within their MM/broker sphere at constantly collapsing intraday VWAPS and in "bursts" (second consecutive day)? OTOH, if these are "negotiated" trades, the "bursts" of activity would be quite reasonable. In that case I would presume that some "PIPErlike" players were involved, maybe planning on a cashless conversion play down the road by forcing everlower prices? Since we again have Maxim and at least one prior PIPEr involved ...
[193] Extreme low volume the day after Thanksgiving.
[192] There were 250 exempt short shares included in the short total, bringing the total down to 100 from 350 if these are excluded. The short percentage would move from 1.00% to 0.28%.
[191] There were 486 exempt short shares included in the short total, bringing the total down to 764 from 1,250 if these are excluded. The short percentage would move from 4.92% to 3.01%.
[190] There was one 14.6K $1.72 trade at the open that affected all my metrics. ETrade reports this was a "CT" (Cross Trade), which suggests an intrabroker negotiated trade. If this trade is excluded the short sales percentage would be 17.33% instead of 10.77%.
[189] There were 971 exempt short shares included in the short total, bringing the total down to 600 from 1571 if these are excluded. The short percentage would move from 5.38% to 2.05%.
[188] There were 300 exempt short shares included in the short total, bringing the total down to 175 from 475 if these are excluded. The short percentage would move from 0.66% to 0.24%.
[187] There were 250 exempt short shares included in the short total, bringing the total down to 11,050 from 11,300 if these are excluded. The short percentage would move from 6.92% to 6.76%.
[186] There were 730 exempt short shares included in the short total, bringing the total down to 9.252 from 9.988 if these are excluded. The short percentage would move from 12.68% to 11.75%.
[185] There were 3,600 exempt short shares included in the short total, bringing the total down to 8,922 from 12,522 if these are excluded. The short percentage would move from 07.36% to 05.25%.
[184] There were 290 exempt short shares included in the short total, bringing the total down to 12,999 from 13,289 if these are excluded. The short percentage would move from 10.33% to 10.11%.
[183] There were 2,875 exempt short shares included in the short total, bringing the total down to 46,200 from 49,075 if these are excluded. The short percentage would move from 32.36% to 30.47%.
[182] There are 2,700 shares traded premarket that FINRA data doesn't include. These are included in my trading volume already. If these are also added to the short volume it moves from 17,530 to 20,230 and the short percentage moves from 20.07% to 23.16%.
[198] There were 400 exempt short shares included in the short total, bringing the total down to 1100 from 1500 if these are excluded. The short percentage would move from 8.96% to 6.57%. The short exempt quantity again came from the NASDAQ exchange.
[199] There were 200 exempt short shares included in the short total, bringing the total down to 6800 from 7000 if these are excluded. The short percentage would move from 15.17% to 14.74%. The short exempt quantity again came from the NASDAQ exchange.
[200] There was a large block at the close of 26,981 shares, 33.88% of day's volume. It traded 3.60% below the next higher price. If this block is removed from the day's volume, the volume drops to 52,665 and the short percentage would go to 4.73% from 3.13%. The buy:sell would go from 1:1.54 to 1.69:1 (35.94% buys to 54.35%).
[201] There were 260 exempt short shares included in the short total, bringing the total down to 1502 from 1762 if these are excluded. The short percentage would move from 03.91% to 03.33%. The short exempt quantity again came from the NASDAQ exchange.
[202] There were 200 exempt short shares included in the short total, bringing the total down to 2200 from 2400 if these are excluded. The short percentage would move from 03.25% to 02.98%. The short exempt quantity came from the NASDAQ (100 shares) and the NYSE (100 shares) exchanges.
12/30/2014: EOD stuff partially copied to the concentrator.
# Trds: 109, MinTrSz: 37, MaxTrSz: 4000, Vol: 45077, AvTrSz: 414
Min. Pr: 1.0000, Max Pr: 1.1400, VW Avg. Tr. Pr: 1.0560
# Buys, Shares: 29 12240, VW Avg Buy Pr: 1.0522
# Sells, Shares: 73 26632, VW Avg Sell Pr: 1.0582
# Unkn, Shares: 7 6205, VW Avg Unk. Pr: 1.0543
Buy:Sell 1:2.18 (27.15% "buys"), DlyShts 1762 (03.91%), Dly Sht % of 'sells' 6.62%
Buy percentage, which nosedived yesterday, improved to 27.2% today. It was a struggle to get it there, as can be seen by the trading breakdown by time. It's still exceptionally low and my averages run only in the range of 33% to 38% and are falling. This is not good.
The VWAP, which improved +5.19%, yesterday, was fortunate to eke out a +0.35% gain today. Yesterday's apparent cadre of buyers willing to bid at higher prices did not appear as strongly today. Sellers seemingly held out until just before it was apparent that the VWAP improvement had run out of steam and in the last hourandahalf took the VWAP down 6.77% from the high VWAP of $1.0792 to $1.0061 in the last period.
If support effort has been or is present, it had a tougher task today. The buy percentage continued at low levels, even as VWAP clawed its way up, until 13:30  14:25 when the buy percentage finally hit something decent, 51.5%. In the last hour it had one more period with a nice percentage of 85.2%, but VWAP in that period was down below $1.01. So much for yesterday's "I can't say if this will last but it's nice to see some appreciation again". We ended up with a 0.35% VWAP improvement. Better than a sharp stick in the eye, I guess, but we'll probably get that tomorrow.
Yesterday, after mentioning my belief in the buy percentage as a good sentiment indicator, I said "Time will tell if that's the case or we're just observing the normal volatility associated with very low volumes of trading". It's early, but the weaker VWAP improvement, combined with continued low volume and daily short percentage, makes me think we'll be seeing some sub$1 trading again shortly.
Volume dropped from being above all my averages but the 50day (~63K) to above only the 25 and 100day periods.
Daily short percentage, which averaged 2.6% over the last seven trading days, continues in the area where I feel price appreciation is unlikely.
Note in the following that the high and spread were affected by a single oddlot buy of 75 shares for $1.14 at 10:48. The next lower price was $1.09 (100, 200 and 4K shares). If $1.09 was used as the high, the high movement would be 0.93% instead of 5.56% and the spread would be 9.00% instead of 14%.
Today's low, high, VWAP, trade volume, and daily short sales moved 0.99%, 5.56%, 00.35%, 15.04% and 95.78% respectively. Price spread today was 14.00% vs. 6.93%, 12.50%, 8.25%, 10.43%, 13.33%, 24.30%, 25.45%, 4.55% and 5.69% on prior days.
Here's a trading breakdown by arbitrary timeframes. Note the rise in VWAP through the 14:25 period and how weakness came in strongly in about the last hour on about 30% of the day's volume.
09:3009:55: 001750 shrs, 03.88% of vol, VWAP $1.0411, 034.3% buys
10:1910:43: 000805 shrs, 01.79% of vol, VWAP $1.0420, 013.0% buys
10:4711:22: 005375 shrs, 11.92% of vol, VWAP $1.0558, 003.3% buys
11:3612:38: 004272 shrs, 09.48% of vol, VWAP $1.0785, 000.0% buys
12:3913:28: 004500 shrs, 09.98% of vol, VWAP $1.0710, 002.2% buys
13:3014:25: 011771 shrs, 26.11% of vol, VWAP $1.0792, 051.5% buys
14:3514:55: 003202 shrs, 07.10% of vol, VWAP $1.0680, 000.0% buys
15:0915:28: 006137 shrs, 13.61% of vol, VWAP $1.0417, 000.0% buys
15:3515:45: 004748 shrs, 10.53% of vol, VWAP $1.0089, 085.2% buys
15:4915:59: 002517 shrs, 05.58% of vol, VWAP $1.0061, 046.0% buys
Here's a trading breakdown by arbitrary price range. Note the high range was that single oddlot trade detailed above.
$1.0000$1.0100: 007765 shrs, 17.23% of vol, VWAP $1.0081, 067.0% buys
$1.0300$1.0350: 002200 shrs, 04.88% of vol, VWAP $1.0307, 004.5% buys
$1.0400$1.0500: 009355 shrs, 20.75% of vol, VWAP $1.0480, 002.2% buys
$1.0600$1.0799: 014022 shrs, 31.11% of vol, VWAP $1.0684, 012.8% buys
$1.0800$1.0900: 011660 shrs, 25.87% of vol, VWAP $1.0838, 041.7% buys
$1.1400$1.1400: 000075 shrs, 00.17% of vol, VWAP $1.1400, 100.0% buys
Some daytoday VWAP changes, with the end date shown and the percentage change from the prior day. Buy percentage is the last value on each line.
12/16 $1.1353 03.83% 34.5%
12/17 $1.1206 01.30% 48.0%
12/18 $1.2103 +08.01% 48.9%
12/19 $1.2009 00.78% 35.9%
12/19 $1.2680 +04.76% 54.4% (sans the 27K $1.07 block)
12/22 $1.0884 09.36% 29.3%
12/23 $1.0072 07.46% 36.0%
12/24 $1.0050 00.23% 27.3%
12/26 $1.0005 00.45% 24.5%
12/29 $1.0523 +05.19% 14.3%
12/30 $1.0560 +00.35% 27.2%
The larger trades (>= 500) occurred on 23 of the 109 trades, 21.10%. These 30,932 shares were 68.62% of day's volume, and traded at a VWAP of $1.0603. 5 of the larger trades, 21.74%, were buys of 8,643 shares, 27.94% of the larger trades volume, and traded at a VWAP of $1.0580. 14 trades, 60.87%, were sells and accounted for 16,789 shares, 54.28% of the larger trade volume, and traded at a VWAP of $1.0622. 4 trades, 17.39%, were unknowns and accounted for 5,500 shares, 17.78% of the larger trade volume, and traded at a VWAP of $1.0582.
The other 86 trades, 78.90%, traded 14,145 shares, 31.38% of the days volume. The VWAP was $1.0465. 24 trades, 27.91%, were buys and accounted for 3,597 shares, 25.43% of the smaller trade volume, and traded at a VWAP of $1.0382. 59 trades, 68.60%, were sells and accounted for 9,843 shares, 69.59% of the smaller trade volume, and traded at a VWAP of $1.0512. 3 trades, 3.49%, were unknowns and accounted for 705 shares, 4.98% of the smaller trade volume, and traded at a VWAP of $1.0239.
"Dly Sht % of 'sells'" and inflection point changes here are in the latest daily post above.
12/29/2014: EOD stuff partially copied to the concentrator.
# Trds: 69, MinTrSz: 2, MaxTrSz: 16378, Vol: 53055, AvTrSz: 769
Min. Pr: 1.0100, Max Pr: 1.0800, VW Avg. Tr. Pr: 1.0523
# Buys, Shares: 16 7613, VW Avg Buy Pr: 1.0591
# Sells, Shares: 47 44092, VW Avg Sell Pr: 1.0507
# Unkn, Shares: 6 1350, VW Avg Unk. Pr: 1.0691
Buy:Sell 1:5.79 (14.35% "buys"), DlyShts 900 (01.70%), Dly Sht % of 'sells' 2.04%
Although one of the positive items mentioned yesterday, buy percentage, fell into the crapper today, the VWAP improved +5.19%. So buyers are willing to bid at higher prices while sellers are happy to take the money and run. I think this suggests the "unseen support crew" is here with a different M.O.
Today's support effort, if there is such, seems biased to raising bids rather than "bursts" of hitting the offers. The buy percentage is essentially taking a nosedive (seen best on the buy percentage averages and buy:sell percentage charts) even as VWAP claws its way up. I can't say this will last, with the very low volume and buy percentages, but it's nice to see some appreciation again.
Although I believe strongly in the buy percentage as an indicator of general sentiment, I can't ignore the reality of VWAP appreciation, regardless of cause. If this continues, especially if volume improves too, I have to accept that a trend may be starting. Time will tell if that's the case or we're just observing the normal volatility associated with very low volumes of trading.
Volume continues, for the second day, to be above all my averages but the 50day (~63K). However, it's still a low volume, especially in terms of dollars  $55,831.40.
Daily short percentage continues in the area where I feel price appreciation is unlikely, although we did get ~5% today on the VWAP. Unseen support? With buy percentage so low, I suspect so.
I said "I'm not really looking for much of a sustained trend (in improvement?) until we get into the new year. Just too many folks out for holidays and/or distracted by them to expect otherwise". WHOOPS! VWAP, albeit on low volume, struggled upward against enthusiastic selling, as indicated by the buy percentage vs. VWAP movement. See the comments just below the EOD header.
Today's low, high, VWAP, trade volume, and daily short sales moved 5.21%, 0.00%, 05.19%, 16.57% and 60.87% respectively. Price spread today was 6.93% vs. 12.50%, 8.25%, 10.43%, 13.33%, 24.30%, 25.45%, 4.55%, 5.69% and 4.34% on prior days.
Here's a trading breakdown by arbitrary timeframes. Note the 15:27 period was only one sell of 10K for $1.0101 and a sell of 900 shares for $1.0100.
09:3009:50: 024265 shrs, 45.74% of vol, VWAP $1.0508, 002.1% buys
09:5509:58: 007900 shrs, 14.89% of vol, VWAP $1.0652, 020.3% buys
10:0010:15: 008593 shrs, 16.20% of vol, VWAP $1.0666, 023.3% buys
10:4514:16: 001341 shrs, 02.53% of vol, VWAP $1.0578, 045.4% buys
14:3714:37: 005909 shrs, 11.14% of vol, VWAP $1.0420, 000.0% buys
15:1915:54: 003576 shrs, 06.74% of vol, VWAP $1.0281, 081.1% buys
15:5516:25: 001471 shrs, 02.77% of vol, VWAP $1.0201, 000.3% buys
Here's a trading breakdown by arbitrary price range.
$1.0100$1.0202: 002643 shrs, 04.98% of vol, VWAP $1.0181, 000.0% buys
$1.0300$1.0400: 005600 shrs, 10.56% of vol, VWAP $1.0348, 051.8% buys
$1.0500$1.0599: 027129 shrs, 51.13% of vol, VWAP $1.0503, 001.9% buys
$1.0600$1.0629: 010883 shrs, 20.51% of vol, VWAP $1.0601, 000.9% buys
$1.0700$1.0799: 005700 shrs, 10.74% of vol, VWAP $1.0751, 052.6% buys
$1.0800$1.0800: 001100 shrs, 02.07% of vol, VWAP $1.0800, 100.0% buys
Some daytoday VWAP changes, with the end date shown and the percentage change from the prior day. Buy percentage is the last value on each line.
12/15 $1.1806 +00.35% 50.2%
12/16 $1.1353 03.83% 34.5%
12/17 $1.1206 01.30% 48.0%
12/18 $1.2103 +08.01% 48.9%
12/19 $1.2009 00.78% 35.9%
12/19 $1.2680 +04.76% 54.4% (sans the 27K $1.07 block)
12/22 $1.0884 09.36% 29.3%
12/23 $1.0072 07.46% 36.0%
12/24 $1.0050 00.23% 27.3%
12/26 $1.0005 00.45% 24.5%
12/29 $1.0523 +05.19% 14.3%
The larger trades (>= 500) occurred on 16 of the 69 trades, 23.19%. These 45,067 shares were 84.94% of day's volume, and traded at a VWAP of $1.0516. 4 of the larger trades, 25.00%, were buys of 5,000 shares, 11.09% of the larger trades volume, and traded at a VWAP of $1.0550. 12 trades, 75.00%, were sells and accounted for 40,067 shares, 88.91% of the larger trade volume, and traded at a VWAP of $1.0512. There were no unknowns.
The other 53 trades, 76.81%, traded 7,988 shares, 15.06% of the days volume. The VWAP was $1.0566. 12 trades, 22.64%, were buys and accounted for 2,613 shares, 32.71% of the smaller trade volume, and traded at a VWAP of $1.0670. 35 trades, 66.04%, were sells and accounted for 4,025 shares, 50.39% of the smaller trade volume, and traded at a VWAP of $1.0457. 6 trades, 11.32%, were unknowns and accounted for 1,350 shares, 16.90% of the smaller trade volume, and traded at a VWAP of $1.0691.
"Dly Sht % of 'sells'" and inflection point changes here are in the latest daily post above.
12/26/2014: EOD stuff partially copied to the concentrator.
# Trds: 111, MinTrSz: 6, MaxTrSz: 10000, Vol: 45513, AvTrSz: 410
Min. Pr: 0.9600, Max Pr: 1.0800, VW Avg. Tr. Pr: 1.0005
# Buys, Shares: 57 11139, VW Avg Buy Pr: 1.0046
# Sells, Shares: 51 30674, VW Avg Sell Pr: 1.0022
# Unkn, Shares: 3 3700, VW Avg Unk. Pr: 0.9738
Buy:Sell 1:2.75 (24.47% "buys"), DlyShts 2300 (05.05%), Dly Sht % of 'sells' 7.50%
Some positive indicators are in sight today  most notably the behavior of the offers when some buying pressure appeared. As you know, I suspected that we've an unseen support crew sporadically appearing. Yesterday, 12/24, when it looked like they might be active, the one period that might have qualified due to a very high percentage of buys was on generally falling trade prices and insufficient volume [of buys] to overcome lower offers appearing during the period. I ended up saying I couldn't say I saw any evidence of strong support from our unseen support crew.
Today's support effort, if there was such, played out better than yesterday's as the offers backed off when the buying impetus appeared, unlike yesterday. However, it still doesn't measure up to the activity I saw that first made me suspect the presence of this support. There was only a single period and it was of less strength in terms of volume and taking out the offers regardless of offering price. Even so, it did reverse a weakening trend seen in the earlier part of the day and at the end of the period through EOD the VWAP for the day did stay above $1, which the early action would not have suggested. See the trading breakdown by time.
Volume recovered to be above all my averages but the 50day (~62K).
That's the end of the good news though.
Buy percentage continues below all my averages, which are falling as one might expect. VWAP continues to fall (another 00.45%), barely maintaining $1 with today's $1.0005. Daily short percentage continues in the area where I feel price appreciation is unlikely, although we did get ~5% today so maybe some normalcy is starting to return. I'm not counting on that just yet.
My newer inflection point calculations, which yesterday flipped from predominantly weakening to slight improvement across all periods, today gave back the gains on the three shortest periods as they went to increasing weakness.
I'm not really looking for much of a sustained trend (in improvement?) until we get into the new year. Just too many folks out for holidays and/or distracted by them to expect otherwise.
Today's low, high, VWAP, trade volume, and daily short sales moved 1.03%, 2.86%, 00.45%, 56.83% and 475.00% respectively. Price spread today was 12.50% vs. 8.25%, 10.43%, 13.33%, 24.30%, 25.45%, 4.55%, 5.69%, 4.34% and 6.94% on prior days.
Here's a trading breakdown by arbitrary timeframes. Note the 15:27 period was only one sell of 10K for $1.0101 and a sell of 900 shares for $1.0100.
09:3010:56: 002435 shrs, 05.35% of vol, VWAP $0.9906, 089.7% buys
11:0011:24: 009900 shrs, 21.75% of vol, VWAP $0.9796, 045.5% buys
11:3313:53: 005544 shrs, 12.18% of vol, VWAP $0.9746, 023.5% buys
13:5713:57: 002400 shrs, 05.27% of vol, VWAP $1.0258, 094.6% buys
14:1114:13: 001980 shrs, 04.35% of vol, VWAP $1.0462, 044.4% buys
14:4515:26: 011100 shrs, 24.39% of vol, VWAP $1.0101, 000.0% buys
15:2715:27: 010900 shrs, 23.95% of vol, VWAP $1.0101, 000.0% buys
15:4015:59: 001254 shrs, 02.76% of vol, VWAP $1.0085, 000.0% buys
Here's a trading breakdown by arbitrary price range.
$0.9600$0.9760: 009640 shrs, 21.18% of vol, VWAP $0.9708, 000.0% buys
$0.9827$0.9990: 009232 shrs, 20.28% of vol, VWAP $0.9899, 096.2% buys
$1.0000$1.0101: 023691 shrs, 52.05% of vol, VWAP $1.0099, 001.3% buys
$1.0200$1.0206: 001000 shrs, 02.20% of vol, VWAP $1.0204, 000.0% buys
$1.0600$1.0790: 001250 shrs, 02.75% of vol, VWAP $1.0681, 100.0% buys
$1.0800$1.0800: 000700 shrs, 01.54% of vol, VWAP $1.0800, 100.0% buys
Some daytoday VWAP changes, with the end date shown and the percentage change from the prior day. Buy percentage is the last value on each line.
12/12 $1.1765 +02.28% 54.3%
12/15 $1.1806 +00.35% 50.2%
12/16 $1.1353 03.83% 34.5%
12/17 $1.1206 01.30% 48.0%
12/18 $1.2103 +08.01% 48.9%
12/19 $1.2009 00.78% 35.9%
12/19 $1.2680 +04.76% 54.4% (sans the 27K $1.07 block)
12/22 $1.0884 09.36% 29.3%
12/23 $1.0072 07.46% 36.0%
12/24 $1.0050 00.23% 27.3%
12/26 $1.0005 00.45% 24.5%
The larger trades (>= 500) occurred on 17 of the 111 trades, 15.32%. These 32,840 shares were 72.16% of day's volume, and traded at a VWAP of $0.9994. 4 of the larger trades, 23.53%, were buys of 4,100 shares, 12.48% of the larger trades volume, and traded at a VWAP of $0.9897. 10 trades, 58.82%, were sells and accounted for 25,040 shares, 76.25% of the larger trade volume, and traded at a VWAP of $1.0048. 3 trades, 17.65%, were unknown and accounted for 3,700 shares, 11.27% of the larger trade volume, and traded at a VWAP of $0.9738.
The other 94 trades, 84.68%, traded 12,673 shares, 27.84% of the days volume. The VWAP was $1.0032. 53 trades, 56.38%, were buys and accounted for 7,039 shares, 55.54% of the smaller trade volume, and traded at a VWAP of $1.0133. 41 trades, 43.62%, were sells and accounted for 5,634 shares, 44.46% of the smaller trade volume, and traded at a VWAP of $0.9906. There were no unknowns.
"Dly Sht % of 'sells'" and inflection point changes here are in the latest daily post above.
12/24/2014: EOD stuff partially copied to the concentrator.
# Trds: 76, MinTrSz: 15, MaxTrSz: 2950, Vol: 29020, AvTrSz: 382
Min. Pr: 0.9700, Max Pr: 1.0500, VW Avg. Tr. Pr: 1.0050
# Buys, Shares: 33 7930, VW Avg Buy Pr: 1.0113
# Sells, Shares: 41 20557, VW Avg Sell Pr: 1.0025
# Unkn, Shares: 2 533, VW Avg Unk. Pr: 1.0055
Buy:Sell 1:2.59 (27.33% "buys"), DlyShts 400 (01.38%), Dly Sht % of 'sells' 1.95%
No positive indicators in sight today.
Volume and buy percentage were below all my averages. VWAP continues to fall, barely maintaining $1 with today's $1.0050, and getting ever further below all my averages. Daily short percentage continues in the area where I feel price appreciation is unlikely. This could be due to long holder dumping or, at least as likely IMO, lot's of intrabroker or intraMM trades being done. Also, shortterm long positions by the MMs as shares covering prior sell orders flow in could be contributing.
Due to the low volume and stable buy percentages, my newer inflection point calculations flipped from predominantly weakening to slight improvement across all periods today.
I can't say I saw any evidence of strong support from our unseen support crew today. The one period that might have qualified, due to a very high percentage of buys, was on generally falling trade prices and insufficient volume to overcome lower offers appearing during the period. At the end of that period, a few trades did manage to go off at $1 and the subsequent trades were mostly at $1, but hitting the sells as the bids moved into that area.
Today's low, high, VWAP, trade volume, and daily short sales moved 1.04%, 0.95%, 00.23%, 48.99% and 78.95% respectively. Price spread today was 8.25% vs. 10.43%, 13.33%, 24.30%, 25.45%, 4.55%, 5.69%, 4.34%, 6.94% and 13.89% on prior days.
Here's a trading breakdown by arbitrary timeframes.
09:3009:59: 006380 shrs, 21.98% of vol, VWAP $1.0234, 031.3% buys
10:0210:30: 006717 shrs, 23.15% of vol, VWAP $1.0048, 007.4% buys
10:4010:49: 004600 shrs, 15.85% of vol, VWAP $0.9852, 019.6% buys
11:0911:30: 000430 shrs, 01.48% of vol, VWAP $0.9802, 100.0% buys
11:3711:52: 004157 shrs, 14.32% of vol, VWAP $1.0001, 024.1% buys
12:0012:44: 002300 shrs, 07.93% of vol, VWAP $1.0286, 047.8% buys
12:5013:00: 001936 shrs, 06.67% of vol, VWAP $1.0010, 000.0% buys
Here's a trading breakdown by arbitrary price range.
$0.9700$0.9780: 003098 shrs, 10.68% of vol, VWAP $0.9734, 022.6% buys
$0.9800$0.9800: 000900 shrs, 03.10% of vol, VWAP $0.9800, 044.4% buys
$0.9900$0.9999: 001900 shrs, 06.55% of vol, VWAP $0.9942, 100.0% buys
$1.0000$1.0094: 012607 shrs, 43.44% of vol, VWAP $1.0003, 008.8% buys
$1.0100$1.0158: 003221 shrs, 11.10% of vol, VWAP $1.0125, 019.1% buys
$1.0200$1.0299: 003194 shrs, 11.01% of vol, VWAP $1.0208, 003.1% buys
$1.0300$1.0300: 003000 shrs, 10.34% of vol, VWAP $1.0300, 066.7% buys
$1.0499$1.0499: 000100 shrs, 00.34% of vol, VWAP $1.0499, 100.0% buys
$1.0500$1.0500: 001000 shrs, 03.45% of vol, VWAP $1.0500, 100.0% buys
Some daytoday VWAP changes, with the end date shown and the percentage change from the prior day. Buy percentage is the last value on each line.
12/11 $1.1502 00.15% 64.2%
12/12 $1.1765 +02.28% 54.3%
12/15 $1.1806 +00.35% 50.2%
12/16 $1.1353 03.83% 34.5%
12/17 $1.1206 01.30% 48.0%
12/18 $1.2103 +08.01% 48.9%
12/19 $1.2009 00.78% 35.9%
12/19 $1.2680 +04.76% 54.4% (sans the 27K $1.07 block)
12/22 $1.0884 09.36% 29.3%
12/23 $1.0072 07.46% 36.0%
12/24 $1.0050 00.23% 27.3%
The larger trades (>= 500) occurred on 19 of the 76 trades, 25.00%. These 19,931 shares were 68.68% of day's volume, and traded at a VWAP of $1.0000. 5 of the larger trades, 26.32%, were buys of 3,900 shares, 19.57% of the larger trades volume, and traded at a VWAP of $1.0156. 14 trades, 73.68%, were sells and accounted for 16,031 shares, 80.43% of the larger trade volume, and traded at a VWAP of $1.0028. There were no unknowns.
The other 57 trades, 75.00%, traded 9,089 shares, 31.32% of the days volume. The VWAP was $1.0041. 28 trades, 49.12%, were buys and accounted for 4,030 shares, 44.34% of the smaller trade volume, and traded at a VWAP of $1.0072. 27 trades, 47.37%, were sells and accounted for 4,526 shares, 49.80% of the smaller trade volume, and traded at a VWAP of $1.0012. 2 trades, 3.51%, were unknown and accounted for 533 shares, 5.86% of the smaller trade volume, and traded at a VWAP of $1.0055.
"Dly Sht % of 'sells'" and inflection point changes here are in the latest daily post above.
12/23/2014: EOD stuff partially copied to the concentrator.
# Trds: 124, MinTrSz: 32, MaxTrSz: 5000, Vol: 56894, AvTrSz: 459
Min. Pr: 0.9600, Max Pr: 1.0601, VW Avg. Tr. Pr: 1.0072
# Buys, Shares: 62 20494, VW Avg Buy Pr: 1.0092
# Sells, Shares: 55 33000, VW Avg Sell Pr: 1.0092
# Unkn, Shares: 7 3400, VW Avg Unk. Pr: 0.9756
Buy:Sell 1:1.61 (36.02% "buys"), DlyShts 1900 (03.34%), Dly Sht % of 'sells' 5.76%
No positive indicators in sight today.
Volume was above all but the 50day average today, but it was down 19.03% from yesterday's. Holidays effect? Considering how many day's we had below averages, I suspect it may be only partially responsible. OTOH, it may be up more than otherwise as the last of any taxloss selling stragglers exit as they finally decide there's now nearterm rebound hope in sight.
Buy percentage tried to recover from the collapse begun Friday, when it fell from 35.9% to 29.3%. we made it back to 36%, predominately thanks to the 3second burst that were 100% buys of shares at $1.02. See the trading breakdown commentary for more detail.
My newer inflection point calculations continue to weaken today.
Yesterday, while mentioning the prior day's "... the push up and bullish behavior apparent again today will be shortlived ... unless we continue to see evidence of the unseen support crew ...", I said "... [certain metrics] ... provided no evidence of the presence of the unseen support crew ... I had wondered some time back if we have to get sub$1 to see them strongly appear again. Maybe so".
We may have seen them today as we neared and then penetrated the $1 price level. But not at the same magnitude as the first occurrence. See the trading breakdown commentary for more detail.
Today's low, high, VWAP, trade volume, and daily short sales moved 8.57%, 10.92%, 07.46%, 19.03% and infinity (yesterday short volume was 0) respectively. Price spread today was 10.43% vs. 13.33%, 24.30%, 25.45%, 4.55%, 5.69%, 4.34%, 6.94%, 13.89% and 17.14% on prior days.
The trading breakdown by time 11:30 range and the breakdown by price $1.02 range include a "burst" of 8,400 shares that were all buys for $1.02 from 11:30:38 through 11:30:40. I wondered if this threesecond burst might be our unseen support crew, but they did not return for a second attempt, as they did the first time we saw them, and the offers did not respond by marching up. Considering this, maybe it was just a bull's "buy stop" firing off.
Here's a trading breakdown by arbitrary timeframes. The first period was a single trade. The second was two trades for $1.14. Note thereafter the inability for any sustained push up until the last hour of the day, when after a VWAP improvement it went essentially flat.
09:3009:30: 000440 shrs, 00.77% of vol, VWAP $1.0200, 000.0% buys
09:5109:51: 005300 shrs, 09.32% of vol, VWAP $1.0601, 000.0% buys
10:0011:16: 008460 shrs, 14.87% of vol, VWAP $1.0148, 002.4% buys
11:3011:30: 011400 shrs, 20.04% of vol, VWAP $1.0165, 082.5% buys
11:3511:50: 002582 shrs, 04.54% of vol, VWAP $1.0080, 041.9% buys
11:5112:23: 010600 shrs, 18.63% of vol, VWAP $1.0041, 047.2% buys
12:4713:21: 005700 shrs, 10.02% of vol, VWAP $0.9778, 029.8% buys
13:3013:30: 004800 shrs, 08.44% of vol, VWAP $0.9670, 000.0% buys
13:4413:51: 004468 shrs, 07.85% of vol, VWAP $0.9871, 057.5% buys
14:1414:42: 000600 shrs, 01.05% of vol, VWAP $1.0203, 033.3% buys
15:2415:58: 002200 shrs, 03.87% of vol, VWAP $1.0095, 000.0% buys
15:5916:00: 000344 shrs, 00.60% of vol, VWAP $1.0452, 100.0% buys
Here's a trading breakdown by arbitrary price range.
$0.9600$0.9799: 009900 shrs, 17.40% of vol, VWAP $0.9714, 021.2% buys
$0.9800$0.9900: 003468 shrs, 06.10% of vol, VWAP $0.9829, 062.5% buys
$1.0000$1.0199: 024782 shrs, 43.56% of vol, VWAP $1.0058, 028.2% buys
$1.0200$1.0300: 012700 shrs, 22.32% of vol, VWAP $1.0203, 066.9% buys
$1.0400$1.0500: 000744 shrs, 01.31% of vol, VWAP $1.0451, 100.0% buys
$1.0600$1.0601: 005300 shrs, 09.32% of vol, VWAP $1.0601, 000.0% buys
Some daytoday VWAP changes, with the end date shown and the percentage change from the prior day. Buy percentage is the last value on each line.
12/10 $1.1519 +01.43% 37.8%
12/11 $1.1502 00.15% 64.2%
12/12 $1.1765 +02.28% 54.3%
12/15 $1.1806 +00.35% 50.2%
12/16 $1.1353 03.83% 34.5%
12/17 $1.1206 01.30% 48.0%
12/18 $1.2103 +08.01% 48.9%
12/19 $1.2009 00.78% 35.9%
12/19 $1.2680 +04.76% 54.4% (sans the 27K $1.07 block)
12/22 $1.0884 09.36% 29.3%
12/23 $1.0072 07.46% 36.0%
The larger trades (>= 500) occurred on 33 of the 124 trades, 26.61%. These 44,618 shares were 78.42% of day's volume, and traded at a VWAP of $1.0084. 7 of the larger trades, 21.21%, were buys of 13,900 shares, 31.15% of the larger trades volume, and traded at a VWAP of $1.0094. 25 trades, 75.76%, were sells and accounted for 28,218 shares, 63.24% of the larger trade volume, and traded at a VWAP of $1.0110. 1 trade, 3.03%, was unknown and accounted for 2,500 shares, 5.60% of the larger trade volume, and traded at a VWAP of $0.9738.
The other 91 trades, 73.39%, traded 12,276 shares, 21.58% of the days volume. The VWAP was $1.0030. 55 trades, 60.44%, were buys and accounted for 6,594 shares, 53.71% of the smaller trade volume, and traded at a VWAP of $1.0089. 30 trades, 32.97%, were sells and accounted for 4,782 shares, 38.95% of the smaller trade volume, and traded at a VWAP of $0.9989. 6 trades, 6.59%, were unknown and accounted for 900 shares, 7.33% of the smaller trade volume, and traded at a VWAP of $0.9807.
"Dly Sht % of 'sells'" and inflection point changes here are in ther latest daily post above.
12/22/2014: EOD stuff partially copied to the concentrator.
# Trds: 148, MinTrSz: 1, MaxTrSz: 7504, Vol: 70262, AvTrSz: 475
Min. Pr: 1.0500, Max Pr: 1.1900, VW Avg. Tr. Pr: 1.0884
# Buys, Shares: 56 20577, VW Avg Buy Pr: 1.0853
# Sells, Shares: 81 44355, VW Avg Sell Pr: 1.0866
# Unkn, Shares: 11 5330, VW Avg Unk. Pr: 1.1160
Buy:Sell 1:2.16 (29.29% "buys"), DlyShts 0 (00.00%), Dly Sht % of 'sells' 0.00%
Last time we had 0% short sales on 12/5, low, high and WVAP fell 23.79%, 2.92% and 16.52% in the following session. However, the trade volume 12/5 was only 15.46K and the few prior days' volumes were quite low while this time our volumes are higher (yesterday substantially so). A similarity in buy percentage (both low: 21.6% vs. today's 29.3%) is the only correlation I can see so we can't really say if conditions that caused the zero shorts are the same or not. I don't feel it reasonable to suggest that VWAP will move as it did the last time we had 0% daily shorts. Nor do I want to say it won't do so. Maybe today's 09.36% was the followon from yesterday's low 3.1% daily short percentage and the 0% is insignificant?
The VWAP drop of 09.36% today combined with daily short percentage being also low yesterday at 3.1% (as well as the daily short percentage averages through Friday of 14.31%, 10.09%, 15.77% and 19.66% for the 10, 25, 50 and 100day periods respectively) does correlate well with my longheld belief that we must have short percentages in "normal" ranges to have the possibility of a sustainable trend of price stability or improvement.
Volume was again above all averages today.
Buy percentage continued the collapse begun yesterday, falling from 35.9% to today's 29.3%.
All signs of improvement in my newer inflection point calculations dissipated today as all periods are again in negative territory and showing increasing weakening.
Yesterday, after a litany of "ifs, ands and buts", I said "This leaves in place my thought yesterday that the push up and bullish behavior apparent again today will be shortlived ... unless we continue to see evidence of the unseen support crew. If they are real and active, the bullish behavior could continue on for a long time". The low, high and VWAP down 1.87%, 10.53% and 09.36% provided no evidence of the presence of the unseen support crew. Neither did the buy percentage. I had wondered some time back if we have to get sub$1 to see them strongly appear again. Maybe so.
Today's low, high, VWAP, trade volume, and daily short sales moved 1.87%, 10.53%, 09.36%, 11.78% and 100.00% respectively. Price spread today was 13.33% vs. 24.30%, 25.45%, 4.55%, 5.69%, 4.34%, 6.94%, 13.89%, 17.14% and 13.21% on prior days.
If the two highest prices for the day, set by 100 shares for $1.19 and for $1.16, the day's high becomes $1.15 and the movement and spread percentage become 13.53% and 9.52% respectively. But even $1.15 is "iffy" because only three 100share trades at that price occurred. If we use $1.14 (two trades totaling 3K shares) ... well we could go on like that until $1.10 is reached. Just for fun, using $1.10 the high movement becomes 17.29% and the spread becomes 4.76%.
Here's a trading breakdown by arbitrary timeframes. The first period was a single trade. The second was two trades for $1.14. Note thereafter the inability for any sustained push up until the last hour of the day, when after a VWAP improvement it went essentially flat.
09:3009:30: 000239 shrs, 00.34% of vol, VWAP $1.0700, 000.0% buys
09:3909:39: 003000 shrs, 04.27% of vol, VWAP $1.1400, 000.0% buys
09:4310:03: 003251 shrs, 04.63% of vol, VWAP $1.0873, 014.1% buys
10:0410:35: 003500 shrs, 04.98% of vol, VWAP $1.0955, 088.6% buys
10:3710:57: 009900 shrs, 14.09% of vol, VWAP $1.0737, 058.6% buys
10:5911:24: 002150 shrs, 03.06% of vol, VWAP $1.1084, 018.6% buys
12:0212:15: 006960 shrs, 09.91% of vol, VWAP $1.0886, 000.0% buys
12:3013:59: 007835 shrs, 11.15% of vol, VWAP $1.0724, 065.1% buys
14:2914:54: 004180 shrs, 05.95% of vol, VWAP $1.0699, 028.2% buys
15:0015:15: 015270 shrs, 21.73% of vol, VWAP $1.0973, 006.5% buys
15:1815:29: 010700 shrs, 15.23% of vol, VWAP $1.0977, 007.5% buys
15:4615:59: 003277 shrs, 04.66% of vol, VWAP $1.0577, 083.6% buys
Here's a trading breakdown by arbitrary price range. The two highest prices for the day were 100 share trades for each.
$1.0500$1.0699: 010985 shrs, 15.63% of vol, VWAP $1.0590, 030.4% buys
$1.0700$1.0800: 023961 shrs, 34.10% of vol, VWAP $1.0774, 047.9% buys
$1.0900$1.1001: 029166 shrs, 41.51% of vol, VWAP $1.0996, 011.9% buys
$1.1100$1.1256: 002650 shrs, 03.77% of vol, VWAP $1.1154, 067.9% buys
$1.1400$1.1500: 003300 shrs, 04.70% of vol, VWAP $1.1409, 009.1% buys
$1.1600$1.1600: 000100 shrs, 00.14% of vol, VWAP $1.1600, 100.0% buys
$1.1900$1.1900: 000100 shrs, 00.14% of vol, VWAP $1.1900, 100.0% buys
Some daytoday VWAP changes, with the end date shown and the percentage change from the prior day. Buy percentage is the last value on each line.
12/09 $1.1356 +07.03% 92.0%
12/10 $1.1519 +01.43% 37.8%
12/11 $1.1502 00.15% 64.2%
12/12 $1.1765 +02.28% 54.3%
12/15 $1.1806 +00.35% 50.2%
12/16 $1.1353 03.83% 34.5%
12/17 $1.1206 01.30% 48.0%
12/18 $1.2103 +08.01% 48.9%
12/19 $1.2009 00.78% 35.9%
12/19 $1.2680 +04.76% 54.4% (sans the 27K $1.07 block)
12/22 $1.0884 09.36% 29.3%
The larger trades (>= 500) occurred on 39 of the 148 trades, 26.35%. These 56,420 shares were 80.30% of day's volume, and traded at a VWAP of $1.0902. 13 of the larger trades, 33.33%, were buys of 14,592 shares, 25.86% of the larger trades volume, and traded at a VWAP of $1.0831. 22 trades, 56.41%, were sells and accounted for 37,328 shares, 66.16% of the larger trade volume, and traded at a VWAP of $1.0892. 4 trades, 10.26%, were unknowns and accounted for 4,500 shares, 7.98% of the larger trade volume, and traded at a VWAP of $1.1216.
The other 109 trades, 73.65%, traded 13,842 shares, 19.70% of the days volume. The VWAP was $1.0812. 43 trades, 39.45%, were buys and accounted for 5,985 shares, 43.24% of the smaller trade volume, and traded at a VWAP of $1.0908. 59 trades, 54.13%, were sells and accounted for 7,027 shares, 50.77% of the smaller trade volume, and traded at a VWAP of $1.0724. 7 trade, 6.42%, were unknown and accounted for 830 shares, 6.00% of the smaller trade volume, and traded at a VWAP of $1.0861.
"Dly Sht % of 'sells'" and inflection point changes here are in the latest daily post above.
12/19/2014: EOD stuff partially copied to the concentrator.
# Trds: 259, MinTrSz: 21, MaxTrSz: 26981, Vol: 79646, AvTrSz: 308
Min. Pr: 1.0700, Max Pr: 1.3300, VW Avg. Tr. Pr: 1.2009
# Buys, Shares: 166 28625, VW Avg Buy Pr: 1.2800
# Sells, Shares: 66 43940, VW Avg Sell Pr: 1.1367
# Unkn, Shares: 27 7081, VW Avg Unk. Pr: 1.2793
Buy:Sell 1:1.54 (35.94% "buys"), DlyShts 2492 (03.13%), Dly Sht % of 'sells' 5.67%
If we exclude the large block trade that occurred as the last trade of the day, as the lowest price of the day (at $1.07 down 3.60% from the next higher price of $1.11), was marked a sell (and we really can't tell that), and was the largest at 26,981, and was 33.88% of the day's volume, things change a little bit. I'll note the effect of discounting that, as appropriate, or just exclude it as I did in the "larger trades" because the purpose of that section is to give some feel for normal trading, which the ~27K most certainly was not. The first major effect occurs in the EOD summary above. Only the changed fields are shown.
Note especially the VWAP and buy percentage changes.
# Trds: 258, MaxTrSz: 3000, Vol: 52665, AvTrSz: 204
Min. Pr: 1.1100, VW Avg. Tr. Pr: 1.2680
# Sells, Shares: 65 16959, VW Avg Sell Pr: 1.2428
Buy:Sell 1.69:1 (54.35% "buys"), Dly Sht % of 'sells' 14.69%
Volume was above all averages today. Sans the ~27K trade, it's again above all but the 50day average of 58.51K (sans the ~27K trade).
Buy percentage, which was "strong" for two consecutive days (Wednesday 47.97% and 48.89% Thursday) collapsed today. However, removing the ~27K trade brings it to 54.4%, continuing the movement towards the averages today, sans the ~27K, of 53.40%, 38.50%, 39.56% and 38.92% for the 10, 25, 50 and 100day periods. If the ~27K is left in, the values are 51.55%, 37.76%, 39.19% and 38.73%.
My newer inflection point calculations, sans the ~27K trade, still have positive readings in the two shortest periods (but the 5day is barely positive), and the longer periods continue to showing decreasing weakening. With the ~27K trade included the 5day period goes negative, the 10day period continues to strengthen some and all other periods flip to increasing weakening.
With the ~27K included the VWAP deteriorates again. Sans that trade it improves nicely.
Yesterday I said, regarding the unseen support crew, I wouldn't be surprised to see the activity and support back off a bit now. OTOH, one more day to bolster the likelihood of longerterm success would not surprise me either. The early action looks like they were still present (see comments about the trading breakdown by time). My suspicion is they are knowledgeable enough to recognize, as I do, that the ~27K was an anomaly and don't need to worry about it. I don't expect them back Monday. With a short holiday week in store the volume should fall though and that may give rise for a need for their services again ... unless we've seen the end to any possible effects from taxloss selling, "window dressing", etc. In that case the low volume may engender volatility but not likely a sustained heavy down trend I would think.
Short percentage broke away from movement towards "normal" and the normal "choppy" behavior with higher lows and lower highs. Even without the ~27K trade it goes only to 4.73% from 3.13%. With low volume and holiday season upon us I guess we can't read much into this.
This leaves in place my thought yesterday that the push up and bullish behavior apparent again today will be shortlived ... unless we continue to see evidence of the unseen support crew. If they are real and active, the bullish behavior could continue on for a long time.
Without the ~27K trade the average trade size continues very low, going from yesterday's 185 to 204 (instead of today's 308 with the ~27K trade). The unadjusted 308 is the only one surpassing one of the averages, the 300 of the 100day average. The other numbers are below all of the averages.
In the following the values in parentheses are those obtained if the ~27K trade is removed.
Today's low, high, VWAP, trade volume, and daily short sales moved 2.73% (+0.91%), 3.62%, 00.78% (+4.76%), 72.59% (14.12%) and 63.35% respectively. Price spread today was 24.30% (19.82%) vs. 25.45%, 4.55%, 5.69%, 4.34%, 6.94%, 13.89%, 17.14%, 13.21% and 33.54% (twitchy day  see first note and trading breakdowns for 12/8) on prior days.
Here's a trading breakdown by arbitrary timeframes. Note the first period's metrics were a result of an oddlot 30 share trade sometime before 09:35:42 (no source I normally use reported it with a time stamp) for $1.23 and the first "official" trade of the day at 9:35:42 of 100 shares for $1.25. The last period is exclusively the ~27K trade causing me so much extra work today. The abnormal buy percentages across several periods early in the day on generally low volume is again followed by a more normal looking pattern once another high VWAP (and relatively high buy percentage with decent volume) in the 13:12 period is hit. As suggested elsewhere by what would have been the VWAP (and movement), if there was an unseen support crew at work they may have felt the job was done. Only a select few individuals might have known the ~27K "sell" from behind the curtain was waiting in the wings. The highest VWAP period of 09:46 was comprised of a single sell of 500 shares for $1.2846 and the rest were for $1.33, 1,900 shares in aggregate from seven buys. The trend after that and the 13:12 period are clear.
00:0009:35: 000130 shrs, 00.16% of vol, VWAP $1.2454, 000.0% buys
09:3809:46: 002400 shrs, 03.01% of vol, VWAP $1.3205, 079.2% buys
09:4810:00: 001600 shrs, 02.01% of vol, VWAP $1.2949, 100.0% buys
10:0110:31: 003800 shrs, 04.77% of vol, VWAP $1.2791, 060.5% buys
10:3311:01: 003200 shrs, 04.02% of vol, VWAP $1.2791, 081.3% buys
11:0311:35: 006600 shrs, 08.29% of vol, VWAP $1.2745, 024.2% buys
11:3612:05: 002829 shrs, 03.55% of vol, VWAP $1.2785, 082.3% buys
12:0812:43: 004118 shrs, 05.17% of vol, VWAP $1.2848, 039.6% buys
12:4513:12: 003700 shrs, 04.65% of vol, VWAP $1.2975, 081.1% buys
13:1514:05: 004580 shrs, 05.75% of vol, VWAP $1.2966, 093.9% buys
14:0914:29: 006150 shrs, 07.72% of vol, VWAP $1.2821, 035.0% buys
14:3415:00: 000922 shrs, 01.16% of vol, VWAP $1.2711, 010.8% buys
15:0115:15: 003610 shrs, 04.53% of vol, VWAP $1.2589, 058.2% buys
15:2015:47: 002451 shrs, 03.08% of vol, VWAP $1.2448, 044.9% buys
15:5115:51: 002489 shrs, 03.13% of vol, VWAP $1.2300, 007.6% buys
15:5415:59: 004086 shrs, 05.13% of vol, VWAP $1.1373, 042.3% buys
16:0016:00: 026981 shrs, 33.88% of vol, VWAP $1.0700, 000.0% buys
Here's a trading breakdown by arbitrary price range. The lowest price range is only the single ~27K trade. The highest price range is detailed in the comment above about the 9:46 period.
$1.0700$1.0700: 026981 shrs, 33.88% of vol, VWAP $1.0700, 000.0% buys
$1.1100$1.1500: 003158 shrs, 03.97% of vol, VWAP $1.1277, 034.8% buys
$1.1700$1.1700: 000928 shrs, 01.17% of vol, VWAP $1.1700, 067.7% buys
$1.2300$1.2599: 005580 shrs, 07.01% of vol, VWAP $1.2385, 024.9% buys
$1.2600$1.3000: 041099 shrs, 51.60% of vol, VWAP $1.2821, 057.4% buys
$1.3300$1.3300: 001900 shrs, 02.39% of vol, VWAP $1.3300, 100.0% buys
Some daytoday VWAP changes, with the end date shown and the percentage change from the prior day. Buy percentage is the last value on each line.
12/08 $1.0611 16.52% 49.9%
12/09 $1.1356 +07.03% 92.0%
12/10 $1.1519 +01.43% 37.8%
12/11 $1.1502 00.15% 64.2%
12/12 $1.1765 +02.28% 54.3%
12/15 $1.1806 +00.35% 50.2%
12/16 $1.1353 03.83% 34.5%
12/17 $1.1206 01.30% 48.0%
12/18 $1.2103 +08.01% 48.9%
12/19 $1.2009 00.78% 35.9%
12/19 $1.2680 +04.76% 54.4% (sans the 27K $1.07 block)
The ~27K block trade at the close for $1.07 has been excluded from all quantities and calculations for the following larger and smaller trades for the day.
The larger trades (>= 500) occurred on 17 of the 258 trades, 6.59%. These 19,058 shares were 36.19% of day's volume, and traded at a VWAP of $1.2512. 6 of the larger trades, 35.29%, were buys of 5,900 shares, 30.96% of the larger trades volume, and traded at a VWAP of $1.2634. 8 trades, 47.06%, were sells and accounted for 9,158 shares, 48.05% of the larger trade volume, and traded at a VWAP of $1.2299. 3 trades, 17.65%, were unknowns and accounted for 4,000 shares, 20.99% of the larger trade volume, and traded at a VWAP of $1.2818.
The other 241 trades, 93.41%, traded 33,607 shares, of the days volume. The VWAP was $1.2775. 160 trades, 66.39%, were buys and accounted for 22,725 shares, 67.62% of the smaller trade volume, and traded at a VWAP of $1.2844. 57 trades, 23.65%, were sells and accounted for 7,801 shares, 23.21% of the smaller trade volume, and traded at a VWAP of $1.2581. 24 trade, 9.96%, were unknown and accounted for 3,081 shares, 9.17% of the smaller trade volume, and traded at a VWAP of $1.2759.
"Dly Sht % of 'sells'" and inflection point changes here are in the latest daily post above.
12/18/2014: EOD stuff partially copied to the concentrator.
# Trds: 250, MinTrSz: 22, MaxTrSz: 2000, Vol: 46147, AvTrSz: 185
Min. Pr: 1.1000, Max Pr: 1.3800, VW Avg. Tr. Pr: 1.2103
# Buys, Shares: 144 22561, VW Avg Buy Pr: 1.1998
# Sells, Shares: 77 20636, VW Avg Sell Pr: 1.2171
# Unkn, Shares: 29 2950, VW Avg Unk. Pr: 1.2440
Buy:Sell 1.09:1 (48.89% "buys"), DlyShts 6800 (14.74%), Dly Sht % of 'sells' 32.95%
Volume popped above all but the 50day average today and buy percentage was "strong" for the second consecutive day (yesterday 47.97% and 48.89% today) and moving towards the averages of 50.12%, 38.53%, 40.13% and 38.50% for the 10, 25, 50 and 100day periods.
However, in a historical context, these come nowhere near the "grind up" buy percentages from 11/2012  1/2013. This might be an effect of better liquidity on the major exchanges  I don't know. I think more MMs actively involved would tend to keep the buy percentages down as the MMs took advantage of the market participants and "sold" (often short?) as they saw unsustainable price rises.
Tuesday, regarding the general weakening, I said "If this continues I expect the USC (Unseen Support Crew) will be called into action again ..." and Wednesday had 26 consecutive buys starting late, 14:11, with a VWAP of $1.1168, and another 18 consecutive buys starting at 15:45 and going through the close with a VWAP of $1.1190. These two runs were 64.7% of the day's trades and ~38% of the day's volume.
Practice must make perfect because today ...
After final adjustments, 54 of the first 55 trades were buys and drove price from $1.10 to $1.38, accounting for almost 22% of day's volume by 11:28. VWAP for that run was $1.1747, better than yesterday's $1.1206 for the day.
Considering our unseen support crew has been on the job two days in a row, this makes sense. If you believe it's just my TFH talking, take a look at the trading breakdowns by time and price and notice the (insane?) buy percentages  any trader that wanted could put about any offer out and it would get bought if no one came in below. What limited our price rise, apparently, was longs or traders (which I suggested a few days back might enter and we might get some longerterm trend) taking advantage to exit or profit. Well, that sounds much more rational than my other thought that folks informally affiliated (to avoid prying eyes) with Maxim are trading the shares among themselves. The only thing that would support that is the low daily short percentage, which could result from a lot of intrabroker trades. It could also be a broker's position being sold into the market through their captive MM arm.
My newer inflection point calculations still have positive readings in the two shortest periods (but the 5day is weakening substantially), and the longer periods flipped to showing decreasing weakening.
I noted yesterday that VWAP broke trend of steadily eking out small gains and fell 03.83% and then 01.30% in spite of a couple long spurts of buying right around the $1.12 area that made me suspect the unseen support crew was at work. I think "Yep", based on today's behavior, and the VWAP was forced up, resulting in a rise of ~8%.
With what I suspect is a mission is to keep price above $1 (recall the action on the day we hit a low of $0.9450, 12/8, and drove back to a high of $1.2620 that same day), again accomplished nearterm, I wouldn't be surprised to see the activity and support back off a bit now. OTOH, one more day to bolster the likelihood of longerterm success would not surprise me either.
Short percentage continued the normal "choppy" movement towards "normal" with higher lows and lower highs. The one surprise is that today's high buy percentage did not produce as much of a rise in short percentage as I would expect. This suggests, as I've mentioned in the past, that brokers or MMs with shares under their control were selling into the market  no short flag is required when selling shares they control. This effect also occurs if trades are intrabroker or intraMM.
This is one metric that tells me, again, that the push up and bullish behavior apparent today will be shortlived.
Yesterday's average trade size fell back to again well below all the averages and today continued that trend, falling even further below the averages in spite of the apparent "bullish" activity suggested by some of the other metrics..
The price spread and high were affected by a single 100share buy of $1.38, followed by many smallvolume trades, each only a few at each descending price level. No real volume and number of trades were seen until we descended to ~$1.26. If we use $1.26 as the high, the high movement becomes 9.57% instead of 20%, and the spread becomes 14.55% instead of 25.45%.
Today's low, high, VWAP, trade volume, and daily short sales moved 0.00%, 20.00%, 08.01%, 213.86% and 257.89% respectively. Price spread today was 25.45% vs. 4.55%, 5.69%, 4.34%, 6.94%, 13.89%, 17.14%, 13.21%, 33.54% (twitchy day  see first note and trading breakdowns for 12/8) and 4.83% on prior days.
Here's a trading breakdown by arbitrary timeframes. Note the abnormal buy percentages across so many periods early in the day as the effort to push price up, IMO, was made. Then note how it starts looking more normal once the high VWAP in the 11:46 period is hit. The generally falling VWAP thereafter shows that the unseen support crew felt no need to push thereafter.
09:3009:41: 001100 shrs, 02.38% of vol, VWAP $1.1000, 100.0% buys
09:4309:59: 003000 shrs, 06.50% of vol, VWAP $1.1803, 100.0% buys
10:0210:41: 002900 shrs, 06.28% of vol, VWAP $1.1400, 100.0% buys
10:4210:58: 001100 shrs, 02.38% of vol, VWAP $1.1809, 090.9% buys
11:0211:11: 000722 shrs, 01.56% of vol, VWAP $1.2000, 100.0% buys
11:1511:29: 004236 shrs, 09.18% of vol, VWAP $1.2685, 029.2% buys
11:3211:46: 001364 shrs, 02.96% of vol, VWAP $1.2731, 022.0% buys
11:5111:51: 001200 shrs, 02.60% of vol, VWAP $1.1925, 016.7% buys
11:5612:31: 001800 shrs, 03.90% of vol, VWAP $1.2128, 083.3% buys
12:3612:59: 001550 shrs, 03.36% of vol, VWAP $1.1979, 064.5% buys
13:0113:16: 001200 shrs, 02.60% of vol, VWAP $1.2326, 058.3% buys
13:2113:41: 001100 shrs, 02.38% of vol, VWAP $1.2848, 087.6% buys
13:4213:57: 003064 shrs, 06.64% of vol, VWAP $1.2630, 000.0% buys
14:0614:36: 002200 shrs, 04.77% of vol, VWAP $1.2378, 027.3% buys
14:4115:06: 001820 shrs, 03.94% of vol, VWAP $1.2143, 022.0% buys
15:0915:29: 005278 shrs, 11.44% of vol, VWAP $1.2090, 033.7% buys
15:3015:38: 003152 shrs, 06.83% of vol, VWAP $1.2039, 000.0% buys
15:4616:00: 009361 shrs, 20.29% of vol, VWAP $1.1943, 055.1% buys
Here's a trading breakdown by arbitrary price range. Again notice where the volume is and isn't and volume growth as price rises, initially. This is not normal.
$1.1000$1.1400: 004100 shrs, 08.88% of vol, VWAP $1.1293, 097.6% buys
$1.1600$1.1999: 010355 shrs, 22.44% of vol, VWAP $1.1835, 044.3% buys
$1.2000$1.2488: 021528 shrs, 46.65% of vol, VWAP $1.2105, 052.4% buys
$1.2500$1.2950: 009300 shrs, 20.15% of vol, VWAP $1.2658, 019.7% buys
$1.3000$1.3100: 000764 shrs, 01.66% of vol, VWAP $1.3079, 100.0% buys
$1.3800$1.3800: 000100 shrs, 00.22% of vol, VWAP $1.3800, 100.0% buys
Some daytoday VWAP changes, with the end date shown and the percentage change from the prior day. Buy percentage is the last value on each line.
12/05 $1.2683 03.67% 21.6%
12/08 $1.0611 16.52% 49.9%
12/09 $1.1356 +07.03% 92.0%
12/10 $1.1519 +01.43% 37.8%
12/11 $1.1502 00.15% 64.2%
12/12 $1.1765 +02.28% 54.3%
12/15 $1.1806 +00.35% 50.2%
12/16 $1.1353 03.83% 34.5%
12/17 $1.1206 01.30% 48.0%
12/18 $1.2103 +08.01% 48.9%
The larger trades (>= 500) occurred on 12 of the 250 trades, 4.80%. These 12,025 shares were 26.06% of day's volume, and traded at a VWAP of $1.2114. 3 of the larger trades, 25.00%, were buys of 2,325 shares, 19.33% of the larger trades volume, and traded at a VWAP of $1.1922. 9 trades, 75.00%, were sells and accounted for 9,700 shares, 80.67% of the larger trade volume, and traded at a VWAP of $1.2160. There were no unknowns.
The other 238 trades, 95.20% of the day's trades, traded 34,122 shares, 73.94% of the days volume. The VWAP was $1.2100. 141 trades, 59.24%, were buys and accounted for 20,236 shares, 59.30% of the smaller trade volume, and traded at a VWAP of $1.2007. 68 trades, 28.57%, were sells and accounted for 10,936 shares, 32.05% of the smaller trade volume, and traded at a VWAP of $1.2180. 29 trade, 12.18%, were unknown and accounted for 2,950 shares, 8.65% of the smaller trade volume, and traded at a VWAP of $1.2440.
"Dly Sht % of 'sells'" and inflection point changes here are in the latest daily post above.
12/17/2014: EOD stuff partially copied to the concentrator.
# Trds: 68, MinTrSz: 47, MaxTrSz: 3600, Vol: 14703, AvTrSz: 216
Min. Pr: 1.1000, Max Pr: 1.1500, VW Avg. Tr. Pr: 1.1206
# Buys, Shares: 50 7053, VW Avg Buy Pr: 1.1234
# Sells, Shares: 16 7250, VW Avg Sell Pr: 1.1180
# Unkn, Shares: 2 400, VW Avg Unk. Pr: 1.1186
Buy:Sell 1:1.03 (47.97% "buys"), DlyShts 1900 (12.92%), Dly Sht % of 'sells' 26.21%
My newer inflection point calculations still have positive readings in the two shortest periods (but one is weakening slightly), and the longer periods continue showing (mostly) increasing weakening.
VWAP, which yesterday broke trend of steadily eking out small gains and fell 03.83%, fell another 01.30%. This was in spite of a couple long spurts of buying right around the $1.12 area that makes me suspect the unseen support crew was at work.
Yesterday, regarding the general weakening, I said "If this continues I expect the USC (Unseen Support Crew) will be called into action again. I wonder if we'll have to see sub$1 to bring them in again". Apparently not  had 26 consecutive buys starting late, 14:11, with a VWAP of $1.1168, and another 18 consecutive buys starting at 15:45 and going through the close with a VWAP of $1.1190. These two runs were 64.7% of the day's trades and ~38% of the day's volume.
Short percentage again today showed the normal "choppy" movement generally seen with gravitation towards "normal" with higher lows and lower highs. Nothing abnormal worth commenting about.
After yesterday's average trade size recovery I noted one day does not a trend make and the average trade size was heavily skewed by several much larger than normal large trades and before we can invest much faith in it we need to see a trend begin. Today it fell back to again well below all the averages.
Today's low, high, VWAP, trade volume, and daily short sales moved 0.92%, 0.17%, 01.30%, 59.04% and 70.53% respectively. Price spread today was 4.55% vs. 5.69%, 4.34%, 6.94%, 13.89%, 17.14%, 13.21%, 33.54% (twitchy day  see first note and trading breakdowns for 12/8), 4.83% and 7.68% on prior days.
Here's a trading breakdown by arbitrary timeframes.
09:4313:19: 002600 shrs, 17.68% of vol, VWAP $1.1360, 053.8% buys
13:2214:11: 005550 shrs, 37.75% of vol, VWAP $1.1203, 001.8% buys
14:2714:47: 001100 shrs, 07.48% of vol, VWAP $1.1095, 100.0% buys
14:5815:39: 002200 shrs, 14.96% of vol, VWAP $1.1200, 100.0% buys
15:4215:42: 001200 shrs, 08.16% of vol, VWAP $1.1033, 016.7% buys
15:4516:00: 002053 shrs, 13.96% of vol, VWAP $1.1190, 100.0% buys
Here's a trading breakdown by arbitrary price range. Notice where the volume is and isn't.
$1.1000$1.1090: 001600 shrs, 10.88% of vol, VWAP $1.1034, 037.5% buys
$1.1100$1.1199: 001200 shrs, 08.16% of vol, VWAP $1.1141, 100.0% buys
$1.1100$1.1210: 011503 shrs, 78.24% of vol, VWAP $1.1195, 043.9% buys
$1.1372$1.1372: 000200 shrs, 01.36% of vol, VWAP $1.1372, 000.0% buys
$1.1400$1.1499: 000900 shrs, 06.12% of vol, VWAP $1.1455, 100.0% buys
$1.1500$1.1500: 000500 shrs, 03.40% of vol, VWAP $1.1500, 100.0% buys
Some daytoday VWAP changes, with the end date shown and the percentage change from the prior day. Buy percentage is the last value on each line.
12/04 $1.3195 02.95% 40.9%
12/05 $1.2683 03.67% 21.6%
12/08 $1.0611 16.52% 49.9%
12/09 $1.1356 +07.03% 92.0%
12/10 $1.1519 +01.43% 37.8%
12/11 $1.1502 00.15% 64.2%
12/12 $1.1765 +02.28% 54.3%
12/15 $1.1806 +00.35% 50.2%
12/16 $1.1353 03.83% 34.5%
12/17 $1.1206 01.30% 48.0%
The larger trades (>= 500) occurred on 7 of the 68 trades, 10.29%. These 7,100 shares were 48.29% of day's volume, and traded at a VWAP of $1.1244. 3 of the larger trades, 42.86%, were buys of 1,500 shares, 21.13% of the larger trades volume, and traded at a VWAP of $1.1399. 4 trades, 57.14%, were sells and accounted for 5,600 shares, 78.87% of the larger trade volume, and traded at a VWAP of $1.1202. There were no unknowns.
The other 61 trades, 89.71% of the day's trades, traded 7,603 shares, 51.71% of the days volume. The VWAP was $1.1172. 47 trades, 77.05%, were buys and accounted for 5,553 shares, 73.04% of the smaller trade volume, and traded at a VWAP of $1.1190. 12 trades, 19.67%, were sells and accounted for 1,650 shares, 21.70% of the smaller trade volume, and traded at a VWAP of $1.1106. 2 trade, 3.28% , was an unknown and accounted for 400 shares, 5.26% of the smaller trade volume, and traded at a VWAP of $1.1186.
"Dly Sht % of 'sells'" and inflection point changes here are in the latest daily post above.
12/16/2014: EOD stuff partially copied to the concentrator.
# Trds: 60, MinTrSz: 41, MaxTrSz: 8750, Vol: 35900, AvTrSz: 598
Min. Pr: 1.0900, Max Pr: 1.1520, VW Avg. Tr. Pr: 1.1353
# Buys, Shares: 26 12369, VW Avg Buy Pr: 1.1302
# Sells, Shares: 31 21947, VW Avg Sell Pr: 1.1391
# Unkn, Shares: 3 1584, VW Avg Unk. Pr: 1.1244
Buy:Sell 1:1.77 (34.45% "buys"), DlyShts 6447 (17.96%), Dly Sht % of 'sells' 29.38%
In the 12/12 note about the daily shorts I added to the header recently I included "... This would suggest the market would be moved lower so the MM(s) could make covering buys at a lower price ... getting covering buys done at a VWAP <= $1.178343 should not be a problem in the normal course of daily trading". 12/15 volume was very low (16.75K) with a VWAP of $1.1806 (VW Avg Sell Pr: $1.1725, below the $1.178343 breakeven price for the shorters, making those covering buys, if they were such, profitable for the MMs) and a buy percentage (which really is irrelevant regarding covering buys) of 50.2%. Today volume was "high" (above the 10 and 100day averages) with a VWAP of $1.1353 (VW Avg Sell Pr: $1.1391) and a buy percentage of 34.5%. Subsequent to 12/12's 54.7% short, the next two were 9% and 17.96%, exhibiting the "choppy" behavior typically seen when the percentage begins to move to normal levels from very low levels.
I mention this because we get so few opportunities to actually identify which trades were likely shorts and see followon action which anecdotally seems to support my general understanding of the MM and price behavior and how the daily short activity seems to relate to these things.
It is not reliable, AFAIK, as a predictor but generally seems to trend that way most of the time and, as some may recall, I've stated repeatedly the need to see short percentage at "normal" levels (preferably in a trend) to see price appreciation.
This all may be "confirmation bias" at play but I see no way to avoid that possibility. I studied, developed a hypothesis, and have tried to confirm or discredit it based on what little data becomes available to us. With so little data available, I can never be sure.
Yesterday I mentioned the mildly positive things were mixed with some negative concerns, such as the volume remaining low and average trade size continuing to fall. Today the negatives took over the show as volume rose above the 10 and 100day averages and VWAP moved below all the averages of $1.1589, $1.1942, $1.3957, $1.9568, $3.1218 and $5.4264 for the 5, 10, 25, 50, 100 and 200day periods respectively. And this occurred on a much larger than average trade size as more and larger "large" trades absolutely dominated today.
My newer inflection point calculations still have positive readings in the two shortest periods, but they are weaker and all the longer periods gave up the decreasing weakening trends and now show increasing weakening. Keeping in mind that volume (up) and buy percentage (down) are the primary drivers, this makes sense. Then we add in ...
VWAP broke trend of steadily eking out small gains and fell 03.83%.
If this continues I expect the USC (Unseen Support Crew) will be called into action again. I wonder if we'll have to see sub$1 to bring them in again.
After yesterday's big drop in short percentage again  normal behavior after a big spike  the normal "choppy" movements are evident with today's move up as short percentage gravitates towards "normal" with higher lows and lower highs, generally.
I mentioned yesterday my concern that average trade size continues falling. It would appear to have recovered today, but for two things: one day does not a trend make and the average trade size was heavily skewed by several much larger than normal large trades: 3,000, 3,700, 3,800 and 8,750. I'm not saying to discount today's 598 average trade size, but before we can invest much faith in what the average trade size might suggest we need to see a trend that begins to show a longerterm stable trend in and around the averages, today 392, 439, 360 and 304 for the 10, 25, 50 and 100day periods, respectively. We have made a little progress in that regard (see the chart averages' movements) but have more to do.
Today's low, high, VWAP, trade volume, and daily short sales moved 5.23%, 4.00%, 03.83%, 114.34% and 329.80% respectively. Price spread today was 5.69% vs. 4.34%, 6.94%, 13.89%, 17.14%, 13.21%, 33.54% (twitchy day  see first note and trading breakdowns for 12/8), 4.83%, 7.68% and 8.18% on prior days.
Here's a trading breakdown by arbitrary timeframes. Today's intraday price behavior and volume behavior stunk up the joint. Notice the early high volume and VWAP deteriorates badly as the day progresses and the VWAP price uptick at the end of the day was anemic.
09:3011:22: 015247 shrs, 93.85% of vol, VWAP $1.1501, 000.0% buys
11:3111:54: 005100 shrs, 31.39% of vol, VWAP $1.1399, 092.2% buys
12:0713:06: 006084 shrs, 37.45% of vol, VWAP $1.1202, 082.2% buys
13:4114:36: 002500 shrs, 15.39% of vol, VWAP $1.0902, 012.0% buys
14:3714:37: 000700 shrs, 04.31% of vol, VWAP $1.1191, 085.7% buys
15:0715:42: 000500 shrs, 03.08% of vol, VWAP $1.1400, 100.0% buys
15:4515:59: 005083 shrs, 31.29% of vol, VWAP $1.1266, 011.5% buys
16:0016:00: 000686 shrs, 04.22% of vol, VWAP $1.1500, 100.0% buys
Here's a trading breakdown by arbitrary price range. Yesterday I expressed concern about the gaps, the volume at higher prices being stronger than at lower prices, and the buy percentages. I said it made me a bit leery. It looks like that was justified if you compare today's table to yesterday's. Today the VWAPs took a big drop even though volume and average trade size was up. Buy percentage, overall, fell from yesterday's ~50% to 34% too. Want to see "nasty"? Look at the buy percentage at the price range with the highest volume and highest price range. Someone was bailing at what they felt were attractive prices (coincidentally(?) below the MMs short breakeven covering buy price).
$1.0900$1.0951: 002500 shrs, 06.96% of vol, VWAP $1.0902, 012.0% buys
$1.1190$1.1199: 005600 shrs, 15.60% of vol, VWAP $1.1198, 100.0% buys
$1.1200$1.1267: 005184 shrs, 14.44% of vol, VWAP $1.1237, 000.0% buys
$1.1300$1.1399: 004200 shrs, 11.70% of vol, VWAP $1.1387, 088.1% buys
$1.1400$1.1400: 002483 shrs, 06.92% of vol, VWAP $1.1400, 083.9% buys
$1.1500$1.1520: 015933 shrs, 44.38% of vol, VWAP $1.1501, 004.3% buys
Some daytoday VWAP changes, with the end date shown and the percentage change from the prior day. Buy percentage is the last value on each line.
12/03 $1.3596 +02.80% 29.9%
12/04 $1.3195 02.95% 40.9%
12/05 $1.2683 03.67% 21.6%
12/08 $1.0611 16.52% 49.9%
12/09 $1.1356 +07.03% 92.0%
12/10 $1.1519 +01.43% 37.8%
12/11 $1.1502 00.15% 64.2%
12/12 $1.1765 +02.28% 54.3%
12/15 $1.1806 +00.35% 50.2%
12/16 $1.1353 03.83% 34.5%
The larger trades (>= 500) occurred on 16 of the 60 trades, 26.67%. These 29,036 shares were 80.88% of day's volume, and traded at a VWAP of $1.1366. 5 of the larger trades, 31.25%, were buys of 9,886 shares, 34.05% of the larger trades volume, and traded at a VWAP of $1.1305. 9 trades, 56.25%, were sells and accounted for 17,850 shares, 61.48% of the larger trade volume, and traded at a VWAP of $1.1409. 2 trades, 12.50%, were unknowns and accounted for 1,300 shares, 4.48% of the larger trade volume, and traded at a VWAP of $1.1238.
The other 44 trades, 73.33% of the day's trades, traded 6,864 shares, 19.12% of the days volume. The VWAP was $1.1301. 21 trades, 47.73%, were buys and accounted for 2,483 shares, 36.17% of the smaller trade volume, and traded at a VWAP of $1.1289. 22 trades, 50.00%, were sells and accounted for 4,097 shares, 59.69% of the smaller trade volume, and traded at a VWAP of $1.1311. 1 trade, 2.27%, was an unknown and accounted for 284 shares, 4.14% of the smaller trade volume, and traded at a VWAP of $1.1267.
"Dly Sht % of 'sells'" and inflection point changes here are in the latest daily post above.
12/15/2014: EOD stuff partially copied to the concentrator.
# Trds: 91, MinTrSz: 11, MaxTrSz: 2000, Vol: 16749, AvTrSz: 184
Min. Pr: 1.1501, Max Pr: 1.2000, VW Avg. Tr. Pr: 1.1806
# Buys, Shares: 48 8400, VW Avg Buy Pr: 1.1865
# Sells, Shares: 37 6738, VW Avg Sell Pr: 1.1725
# Unkn, Shares: 6 1611, VW Avg Unk. Pr: 1.1839
Buy:Sell 1.25:1 (50.15% "buys"), DlyShts 1500 (08.96%), Dly Sht % of 'sells' 22.26%
The mildly positive things, such as better buy percentage averages, VWAP stability with small improvements and my newer inflection points having the beginnings of positive moves, are mixed with some negative concerns, such as the volume remaining low and average trade size continuing to fall.
My newer inflection point calculations continue to show decreasing weakening trends and the two shortest periods continue to improve the marginally positive readings.
VWAP remains in trend, eking out a small gain again today after returning to trend yesterday as it recovered from a marginal drop (00.15%) the prior day.
Today short percentage dropped big again today  normal behavior after a big spike as this is the pattern as it continues the move towards normalcy.
Average trade size continues falling. It's below all four averages of 382, 432, 352 and 301 for the 10, 25, 50 and 100day averages respectively.
Today's low, high, VWAP, trade volume, and daily short sales moved 0.01%, 2.42%, 00.35%, 172.83% and 55.32% respectively. Price spread today was 4.34% vs. 6.94%, 13.89%, 17.14%, 13.21%, 33.54% (twitchy day  see first note and trading breakdowns for 12/8), 4.83%, 7.68%, 8.18% and 10.77% on prior days.
Today's low was set by two trades (9:35 and 9:51) totaling 999 shares at $1.1501. Nothing odd to consider as the next higher price, $1.16 had only two trades and following higher prices were similar until we hit trades for $1.17.
Here's a trading breakdown by arbitrary timeframes. Although today's volume improved it remains below my averages. We still have a lot of "gappiness" in the price moves and periods with strong buy percentages don't dominate. I wouldn't be looking to give a lot of weight to thinking a strong trend is suggested by any of this. behavior
09:3009:30: 000650 shrs, 03.88% of vol, VWAP $1.2000, 100.0% buys
09:3510:48: 001949 shrs, 11.64% of vol, VWAP $1.1641, 043.6% buys
11:2311:28: 000620 shrs, 03.70% of vol, VWAP $1.1602, 000.0% buys
11:4012:48: 002750 shrs, 16.42% of vol, VWAP $1.1784, 083.6% buys
13:0413:49: 000956 shrs, 05.71% of vol, VWAP $1.1818, 037.2% buys
13:5814:43: 001240 shrs, 07.40% of vol, VWAP $1.1897, 048.4% buys
14:5015:07: 003100 shrs, 18.51% of vol, VWAP $1.1827, 009.7% buys
15:1715:38: 001350 shrs, 08.06% of vol, VWAP $1.1975, 066.7% buys
15:4116:00: 004134 shrs, 24.68% of vol, VWAP $1.1798, 059.1% buys
Here's a trading breakdown by arbitrary price range. Typical(?) lowvolume gaps and volume at higher prices being stronger than at lower prices, as it also is with buy percentages, makes my a bit leery here.
$1.1501$1.1501: 000999 shrs, 05.96% of vol, VWAP $1.1501, 000.0% buys
$1.1600$1.1680: 000749 shrs, 04.47% of vol, VWAP $1.1612, 000.0% buys
$1.1700$1.1710: 000871 shrs, 05.20% of vol, VWAP $1.1701, 000.0% buys
$1.1800$1.1820: 010674 shrs, 63.73% of vol, VWAP $1.1800, 052.4% buys
$1.1900$1.1926: 000806 shrs, 04.81% of vol, VWAP $1.1915, 019.4% buys
$1.2000$1.2000: 002650 shrs, 15.82% of vol, VWAP $1.2000, 100.0% buys
Some daytoday VWAP changes, with the end date shown and the percentage change from the prior day. Buy percentage is the last value on each line.
12/02 $1.3226 +00.03% 11.7%
12/03 $1.3596 +02.80% 29.9%
12/04 $1.3195 02.95% 40.9%
12/05 $1.2683 03.67% 21.6%
12/08 $1.0611 16.52% 49.9%
12/09 $1.1356 +07.03% 92.0%
12/10 $1.1519 +01.43% 37.8%
12/11 $1.1502 00.15% 64.2%
12/12 $1.1765 +02.28% 54.3%
12/15 $1.1806 +00.35% 50.2%
The larger trades (>= 500) occurred on 9 of the 91 trades, 9.89%. These 7,355 shares were 43.91% of day's volume, and traded at a VWAP of $1.1785. 4 of the larger trades, 44.44%, were buys of 3,936 shares, 53.51% of the larger trades volume, and traded at a VWAP of $1.1833. 4 trades, 44.44%, were sells and accounted for 2,579 shares, 35.06% of the larger trade volume, and traded at a VWAP of $1.1707. 1 trade, 11.11%, was unknown and accounted for 840 shares, 11.42% of the larger trade volume, and traded at a VWAP of $1.1800.
The other 82 trades, 90.11% of the day's trades, traded 9,394 shares, 56.09% of the days volume. The VWAP was $1.1822. 44 trades, 53.66%, were buys and accounted for 4,464 shares, 47.52% of the smaller trade volume, and traded at a VWAP of $1.1893. 33 trades, 40.24%, were sells and accounted for 4,159 shares, 44.27% of the smaller trade volume, and traded at a VWAP of $1.1736. 5 trades, 6.10%, were unknowns and accounted for 771 shares, 8.21% of the smaller trade volume, and traded at a VWAP of $1.1881.
"Dly Sht % of 'sells'" and inflection point changes here are in the latest daily post above.
12/12/2014: EOD stuff partially copied to the concentrator.
# Trds: 26, MinTrSz: 32, MaxTrSz: 1900, Vol: 6139, AvTrSz: 236
Min. Pr: 1.1500, Max Pr: 1.2298, VW Avg. Tr. Pr: 1.1765
# Buys, Shares: 7 3332, VW Avg Buy Pr: 1.1796
# Sells, Shares: 17 2482, VW Avg Sell Pr: 1.1691
# Unkn, Shares: 2 325, VW Avg Unk. Pr: 1.2009
Buy:Sell 1.34:1 (54.28% "buys"), DlyShts 3357 (54.68%), Dly Sht % of 'sells' 135.25%
See the new paragraphs at the bottom of the header, beginning with "On 12/12/2014 something that caught my eye" for an interesting, to me, discussion regarding today's daily short sales.
Unusual? Opening 9:30:00 trade was a 100 share sell at $1.15 leaving a bid of 4.9K for $1.15 behind. The bid apparently was entered at the open because I saw no 5K bid entered, just the 4.9K (remaining?) after the trade. Anyway, at 09:44 10K gets added to that, assuring a floor for today (with the expected low volume that appeared), which I anticipated (Thursday's EOD entry posted Friday morning) with ...
"Before we go any further, today is Friday and all my unusual seeming optimism may be thwarted by what seems to be somewhat common "Friday Doldrums"".
Good news! No thwarting occurred! In spite of low volume, positive trends remain in place. However, low volume does mean we must assign today's stuff less weight than we would if volume were higher, and especially so if the volume trend of/towards normalcy was more mature.
My newer inflection point calculations continue to show decreasing weakening trends and we now have the two shortest periods with marginally positive readings.
VWAP returned to trend, after marginally falling (00.15%) after three consecutive up days, today moving +02.28%. But do keep the very low trading volume in mind.
Today short percentage continued the move towards normalcy with a 54.68% reading (very big spike, commensurate with my "choppy" description of how it moves off of deep depressed levels and with buy percentages being in a high rang). Yesterday: "I'm guessing it will fall again, but to higher low levels if the normal pattern is followed". OOPS! I forgot to factor in my own admonition about "Friday Doldrums". Lowvolume days often contain many aberrant behaviors, regarding things that are trending, and if I had considered the "Friday Doldrums" I might have had a different take (most likely "keep your trap shut since odds are not strongly biased either way"). Anyway, reliance on that 54.68% reading suggesting a continued improving trend should be moderated due to today's very low trading volume.
The only fly in the ointment of optimism is that average trade sizes have been falling precipitously  maybe just returning to a more normal level? This may be a "seasonal" effect though as we've had Thanksgiving holidays and the Christmas season is upon us. Something to keep an eye on.
Today's low, high, VWAP, trade volume, and daily short sales moved 6.48%, 0.02%, 02.28%, 86.73% and 67.90% respectively. Price spread today was 6.94% vs. 13.89%, 17.14%, 13.21%, 33.54% (twitchy day  see first note and trading breakdowns for 12/8), 4.83%, 7.68%, 8.18%, 10.77% and 5.73% on prior days.
Today's high was the result of one 100share trade for $1.2298 at 15:21. Discounting this to glean better insight on the day's behavior would be futile as the lowvolume day makes picking any better representative high price point problematic. This is a normal situation with very low volume.
Here's a trading breakdown by arbitrary timeframes. With today's very low volume I wouldn't read much into anything here. The price gaps are a normal artifact of low volume trading. My suspicion that a support crew is active on behalf of share price is reinforced by the fact that even on a lowvolume day, when intraday volatility should be pronounced, there is only one VWAP step down, which would be unusual for our "normal" market's lowvolume day. Generally today's trend was VWAP up, up, up. See the new paragraphs at the bottom of the header, beginning with "On 12/12/2014 something that caught my eye" for something interesting about the trades above and below $1.17, which is close to the VWAP for the 12:59 period, when all $1.17 trades occurred, along with 32 shares for $1.18 and 300 shares for $1.1690.
09:3009:30: 000100 shrs, 01.63% of vol, VWAP $1.1500, 000.0% buys
10:5810:58: 000100 shrs, 01.63% of vol, VWAP $1.1580, 000.0% buys
11:0012:22: 001400 shrs, 22.81% of vol, VWAP $1.1517, 000.0% buys
12:3812:59: 002732 shrs, 44.50% of vol, VWAP $1.1704, 100.0% buys
13:1213:12: 000432 shrs, 07.04% of vol, VWAP $1.1900, 000.0% buys
14:5715:21: 000825 shrs, 13.44% of vol, VWAP $1.2212, 072.7% buys
15:4215:52: 000550 shrs, 08.96% of vol, VWAP $1.2006, 000.0% buys
Here's a trading breakdown by arbitrary price range. See the new paragraphs at the bottom of the header, beginning with "On 12/12/2014 something that caught my eye" for a discussion of trades above and below the $1.117 price point.
$1.1500$1.1580: 001400 shrs, 22.81% of vol, VWAP $1.1508, 000.0% buys
$1.1600$1.1690: 000500 shrs, 08.14% of vol, VWAP $1.1654, 060.0% buys
$1.1700$1.1700: 002300 shrs, 37.47% of vol, VWAP $1.1700, 100.0% buys
$1.1800$1.1800: 000132 shrs, 02.15% of vol, VWAP $1.1800, 100.0% buys
$1.1900$1.1900: 000432 shrs, 07.04% of vol, VWAP $1.1900, 000.0% buys
$1.2000$1.2030: 000550 shrs, 08.96% of vol, VWAP $1.2006, 000.0% buys
$1.2199$1.2199: 000225 shrs, 03.67% of vol, VWAP $1.2199, 000.0% buys
$1.2200$1.2298: 000600 shrs, 09.77% of vol, VWAP $1.2216, 100.0% buys
Some daytoday VWAP changes, with the end date shown and the percentage change from the prior day. Buy percentage is the last value on each line.
12/01 $1.3222 06.76% 33.1%
12/02 $1.3226 +00.03% 11.7%
12/03 $1.3596 +02.80% 29.9%
12/04 $1.3195 02.95% 40.9%
12/05 $1.2683 03.67% 21.6%
12/08 $1.0611 16.52% 49.9%
12/09 $1.1356 +07.03% 92.0%
12/10 $1.1519 +01.43% 37.8%
12/11 $1.1502 00.15% 64.2%
12/12 $1.1765 +02.28% 54.3%
The larger trades (>= 500) occurred on 2 of the 26 trades, 7.69%. These 2,400 shares were 39.09% of day's volume, and traded at a VWAP of $1.1804. There were no sells or unknowns.
The other 24 trades, 92.31% of the day's trades, traded 3,739 shares, 60.91% of the days volume. The VWAP was $1.1740. 5 trades, 20.83%, were buys and accounted for 932 shares, 24.93% of the smaller trade volume, and traded at a VWAP of $1.1775. 17 trades, 70.83%, were sells and accounted for 2,482 shares, 66.38% of the smaller trade volume, and traded at a VWAP of $1.1691. 2 trades, 8.33%, were unknowns and accounted for 325 shares, 8.69% of the smaller trade volume, and traded at a VWAP of $1.2009.
"Dly Sht % of 'sells'" and inflection point changes here are in the latest daily post above.
12/11/2014: EOD stuff partially copied to the concentrator.
# Trds: 131, MinTrSz: 1, MaxTrSz: 3000, Vol: 46260, AvTrSz: 353
Min. Pr: 1.0800, Max Pr: 1.2300, VW Avg. Tr. Pr: 1.1502
# Buys, Shares: 82 29698, VW Avg Buy Pr: 1.1584
# Sells, Shares: 44 13062, VW Avg Sell Pr: 1.1219
# Unkn, Shares: 5 3500, VW Avg Unk. Pr: 1.1871
Buy:Sell 2.27:1 (64.20% "buys"), DlyShts 10458 (22.61%), Dly Sht % of 'sells' 80.06%
Before we go any further, today is Friday and all my unusual seeming optimism may be thwarted by what seems to be somewhat common "Friday Doldrums".
My TFH wonders who is reading this stuff after seeing today's behavior when yesterday I noted "... an (apparent?) early attempt to continue that [strong up trend in several metrics] failed rather miserably today". Today's summary would be "Everything's Coming Up Roses" as volume and short percentage moved toward more normal levels, buy percentage has been trending higher and continues to do so, VWAP is exhibiting some stability, and even my newer inflection point calculations have the fiveday period with a positive number and the other periods continuing a trend of reducing weakening.
My TFH also says that support crew is doing a fine job.
My newer inflection point calculations continue to show decreasing weakening trends. The fiveday period's positive number suggests price appreciation may be on the horizon. With improved volume and buy percentage trends this could bleed over into the other periods, starting bullish pattern formation. It would have to mature and we've seen many recent prior fiveday "head fakes". But not with so many different items seemingly coming into alignment for a cessation of the down trend.
I moderate all this with a caution instilled by my belief that some directed support group is at work here  even for a "normal" market, none of this "looks" normal to me.
Regardless, traders may see opportunities here and this might turn into something longerterm.
VWAP couldn't make it up for the third consecutive day and moved 00.15%. After yesterday's +1.43% and the prior +7.03% it's a little disappointing. But maybe I'm just getting too greedy. Or maybe I expect too much out of our unseen support crew.
Yesterday I noted after three consecutive days of very low shorts, 0, 200 and 100, shorts were starting to move towards something more normal, but had a long way to go to approach two the longerterm averages of 17.45% and 19.96% for the 50 and 100day periods respectively. I stated these are also low for a normal market.
Today short percentage continued the move towards normalcy with a 22.61% reading. That puts it above the 50 and 100day averages of 17.01% and 20.05% as well as the absurdly low readings for the 10 and 25day averages of 6.46% and 8.70%. Interestingly, it topped right at a newlyadded top trend line on the chart. Recalling that recovery to normal levels has always been choppy, I'm guessing it will fall again, but to higher low levels if the normal pattern is followed.
As mentioned before, this short percentage movement, if it continues, does suggest the possibility of some nearterm price stability (or even appreciation) and the last few days' VWAPs have been exhibiting that. I suspect this is only a nearterm effect though. It might be longerterm but as of yet I have no data that suggests that ... other than the improvements in my inflection point calculations, which are driven primarily by the buy:sell ratio and volume. With only a couple days of volume attempting to return to reasonable levels, and buy:sell being exceptionally strong for a few days (21.62%, 49.87%, 91.96%, 37.83% and 64.20%), and my suspicion of a support effort by some entity, I'm still remaining cautious.
Volume again improved, up another ~72% from yesterday's ~26.8K. But today's ~46.3K, above the 10 and 100day averages of 30.3K and 35.97K, is still below the 25 and 50day averages of 53.13K and 56.89K. Regardless, two consecutive days of volume improving is a heartening sign. As before, I do suspect an unseen support crew, discussed in a prior day's post.
Today's low, high, VWAP, trade volume, and daily short sales moved 2.86%, 0.00%, 00.15%, 72.09% and 422.90% (coming up from 2K shares yesterday) respectively. Price spread today was 13.89% vs. 17.14%, 13.21%, 33.54% (twitchy day  see first note and trading breakdowns for 12/8), 4.83%, 7.68%, 8.18%, 10.77%, 5.73% and 2.86% on prior days.
Today's high was the result of two 100share trades at 12:23. Discounting these and using $1.1916, which had three trades of 300, 2900 and 100 shares, would drop the movement of the high from 0.00% to 3.12%, WVAP would go to $1.1499 (00.18% instead of 00.15%) and spread would narrow to 10.33% from 13.89%.
Here's a trading breakdown by arbitrary timeframes. The day's low occurred as part of one the two "bursts" of activity we saw today. The one with the low began at 12:23:08 with three trades totaling 3.3K shares (unknowns) and the rest, but for one 1K buy, were sells through 13:19. The effect of the heavy sell bias appears in the periods ending at 12:24 and 13:19.
09:3009:30: 002000 shrs, 04.32% of vol, VWAP $1.1000, 000.0% buys
09:5410:29: 000700 shrs, 01.51% of vol, VWAP $1.1448, 082.1% buys
11:2012:17: 002850 shrs, 06.16% of vol, VWAP $1.1423, 100.0% buys
12:1812:19: 019650 shrs, 42.48% of vol, VWAP $1.1614, 100.0% buys
12:2312:24: 006495 shrs, 14.04% of vol, VWAP $1.1782, 003.1% buys
12:2813:19: 004700 shrs, 10.16% of vol, VWAP $1.0930, 021.3% buys
13:2814:27: 002771 shrs, 05.99% of vol, VWAP $1.1294, 048.4% buys
14:4415:06: 003894 shrs, 08.42% of vol, VWAP $1.1584, 086.9% buys
15:2515:50: 002500 shrs, 05.40% of vol, VWAP $1.1520, 000.0% buys
15:5415:59: 000700 shrs, 01.51% of vol, VWAP $1.1728, 099.9% buys
Here's a trading breakdown by arbitrary price range. Note the unusual improving buy percentages as VWAP rises. Note the high of $1.23 was the result of two 100share trades at 12:23:08 and one might want to consider those in viewing the other metrics in this post. We also continue to have gaps in the intraday trading. All this reinforces my suspicion that a support crew is active on behalf of share price.
$1.0800$1.0900: 003355 shrs, 07.25% of vol, VWAP $1.0831, 000.0% buys
$1.1000$1.1406: 007811 shrs, 16.88% of vol, VWAP $1.1174, 048.6% buys
$1.1500$1.1601: 028105 shrs, 60.75% of vol, VWAP $1.1589, 079.0% buys
$1.1700$1.1916: 006789 shrs, 14.68% of vol, VWAP $1.1831, 051.4% buys
$1.2300$1.2300: 000200 shrs, 00.43% of vol, VWAP $1.2300, 100.0% buys
Some daytoday VWAP changes, with the end date shown and the percentage change from the prior day. Buy percentage is the last value on each line.
11/28 $1.4181 02.62% 00.0%
12/01 $1.3222 06.76% 33.1%
12/02 $1.3226 +00.03% 11.7%
12/03 $1.3596 +02.80% 29.9%
12/04 $1.3195 02.95% 40.9%
12/05 $1.2683 03.67% 21.6%
12/08 $1.0611 16.52% 49.9%
12/09 $1.1356 +07.03% 92.0%
12/10 $1.1519 +01.43% 37.8%
12/11 $1.1502 00.15% 64.2%
The larger trades (>= 500) occurred on 131 of the 266 trades, 49.25%. These 32,310 shares were 69.84% of day's volume, and traded at a VWAP of $1.1492. 19 of the larger trades, 14.50%, were buys of 21,350 shares, 66.08% of the larger trades volume, and traded at a VWAP of $1.1578. 8 trades, 6.11%, were sells and accounted for 8,060 shares, 24.95% of the larger trade volume, and traded at a VWAP of $1.1110. 1 trade, 0.76%, was unknown and accounted for 2,900 shares, 8.98% of the larger trade volume, and traded at a VWAP of $1.1916.
The other 135 trades, 50.75% of the day's trades, traded 13,950 shares, 30.16% of the days volume. The VWAP was $1.1527. 63 trades, 46.67%, were buys and accounted for 8,348 shares, 59.84% of the smaller trade volume, and traded at a VWAP of $1.1597. 36 trades, 26.67%, were sells and accounted for 5,002 shares, 35.86% of the smaller trade volume, and traded at a VWAP of $1.1395. 4 trade, 2.96%, was unknown and accounted for 600 shares, 4.30% of the smaller trade volume, and traded at a VWAP of $1.1654.
"Dly Sht % of 'sells'" and inflection point changes here are in the latest daily post above.
12/10/2014: EOD stuff partially copied to the concentrator.
# Trds: 90, MinTrSz: 20, MaxTrSz: 2884, Vol: 26882, AvTrSz: 299
Min. Pr: 1.0500, Max Pr: 1.2300, VW Avg. Tr. Pr: 1.1519
# Buys, Shares: 49 10169, VW Avg Buy Pr: 1.1583
# Sells, Shares: 39 14073, VW Avg Sell Pr: 1.1329
# Unkn, Shares: 2 2640, VW Avg Unk. Pr: 1.2287
Buy:Sell 1:1.38 (37.83% "buys"), DlyShts 2000 (07.44%), Dly Sht % of 'sells' 14.21%
In contrast to yesterday's up trend and buys being quite strong, something we've not seen for ages, an (apparent?) early attempt to continue that failed rather miserably today. To summarize the notes in the trading breakdowns, the first two trades set the highs and high VWAP for the day and no one was interested in >= $1.20 after 11:31 as price continued to slide. There was a strong volume attempt to recover late in the day, but the benefits were less than stellar. However, we did get a close up +5.50%. So it was successful in that regard.
My newer inflection point calculations are reflecting the results of the recent action by continuing to show decreasing weakening trends. They are not saying moves up are here, just that we may have some price stability. Of course, with low volume and only the nearterm (suspicious?) activity to work with, I wouldn't be jumping for joy just yet.
VWAP was up another 1.43% after yesterday's +7.03%. I suspect this is the result of efforts by our unseen support team. See the notes in the trading breakdown by time and price.
After three consecutive days of very low shorts, 0, 200 and 100, it's starting to move towards something more normal today, but has a long way to go to approach two the longerterm averages of 17.45% and 19.96% for the 50 and 100day periods respectively. I can tell you these are also low for a normal market. Regardless, this movement, if it continues, does suggest the possibility of some nearterm price stability.
Volume improved but is still below the 10, 25, 50 and 100day averages, in thousands, of 28.49, 56.42, 56.28 and 35.54 respectively. Some of the improvement may be thanks to our unseen support crew? See the note for the trading breakdown by time.
Today's low, high, VWAP, trade volume, and daily short sales moved 0.94%, 2.50%, 01.43%, 10.83% and 1,900.00% (coming up from 100 shares yesterday) respectively. Price spread today was 17.14% vs. 13.21%, 33.54% (twitchy day  see first note and trading breakdowns for 12/8), 4.83%, 7.68%, 8.18%, 10.77%, 5.73%, 2.86% and 7.75% on prior days.
Here's a trading breakdown by arbitrary timeframes. The first period's tone was set by the first two trades, unknowns that hit neither the bid or ask, of 2,440 shares for $1.2287 and 200 for $1.2285. Price immediately dropped to $1.23 and lower and never tried to make a charge back to this range. I suspect the early action might have been thanks to our unseen support crew. After trending lower throughout the day there was an attempt to recover but it was tepid in results even though reasonable in volume.
10:1410:50: 005544 shrs, 20.62% of vol, VWAP $1.2287, 050.6% buys
11:0011:31: 003700 shrs, 13.76% of vol, VWAP $1.2186, 013.5% buys
11:3411:51: 001843 shrs, 06.86% of vol, VWAP $1.1336, 097.7% buys
11:5412:21: 005700 shrs, 21.20% of vol, VWAP $1.0728, 000.0% buys
12:3012:56: 001645 shrs, 06.12% of vol, VWAP $1.0945, 081.8% buys
13:4814:24: 002900 shrs, 10.79% of vol, VWAP $1.1240, 100.0% buys
14:3215:55: 005550 shrs, 20.65% of vol, VWAP $1.1497, 014.8% buys
Here's a trading breakdown by arbitrary price range. Note the high volume but relatively low buy percentage in the last price range. This correlates reasonably well with the first two periods in the breakdown by time. Being in the highest price range for the day and early in the day I wonder if some of our unseen support crew were at work. Note the gap too  no one was interested in those prices after 11:31 when the last trade of $1.20 or higher was seen.
$1.0500$1.0900: 004600 shrs, 17.11% of vol, VWAP $1.0630, 015.2% buys
$1.1000$1.1400: 006688 shrs, 24.88% of vol, VWAP $1.1144, 068.0% buys
$1.1500$1.1700: 006350 shrs, 23.62% of vol, VWAP $1.1501, 025.5% buys
$1.2000$1.2300: 009244 shrs, 34.39% of vol, VWAP $1.2246, 035.7% buys
Some daytoday VWAP changes, with the end date shown and the percentage change from the prior day. Buy percentage is the last value on each line.
11/26 $1.4562 03.20% 22.8%
11/28 $1.4181 02.62% 00.0%
12/01 $1.3222 06.76% 33.1%
12/02 $1.3226 +00.03% 11.7%
12/03 $1.3596 +02.80% 29.9%
12/04 $1.3195 02.95% 40.9%
12/05 $1.2683 03.67% 21.6%
12/08 $1.0611 16.52% 49.9%
12/09 $1.1356 +07.03% 92.0%
12/10 $1.1519 +01.43% 37.8%
The larger trades (>= 500) occurred on 12 of the 90 trades, 13.33%. These 14,924 shares were 55.52% of day's volume, and traded at a VWAP of $1.1577. 5 of the larger trades, 41.67%, were buys of 3,700 shares, 24.79% of the larger trades volume, and traded at a VWAP of $1.1759. 6 trades, 50.00%, were sells and accounted for 8,784 shares, 58.86% of the larger trade volume, and traded at a VWAP of $1.1303. 1 trade, 8.33%, was unknown and accounted for 2,440 shares, 16.35% of the larger trade volume, and traded at a VWAP of $1.2287.
The other 78 trades, 86.67% of the day's trades, traded 11,958 shares, 44.48% of the days volume. The VWAP was $1.1448. 44 trades, 56.41%, were buys and accounted for 6,469 shares, 54.10% of the smaller trade volume, and traded at a VWAP of $1.1482. 33 trades, 42.31%, were sells and accounted for 5,289 shares, 44.23% of the smaller trade volume, and traded at a VWAP of $1.1373. 1 trade, 1.28%, was unknown and accounted for 200 shares, 1.67% of the smaller trade volume, and traded at a VWAP of $1.2285.
"Dly Sht % of 'sells'" and inflection point changes here are in the latest daily post above.
12/09/2014: EOD stuff partially copied to the concentrator.
# Trds: 50, MinTrSz: 7, MaxTrSz: 6200, Vol: 24256, AvTrSz: 485
Min. Pr: 1.0600, Max Pr: 1.2000, VW Avg. Tr. Pr: 1.1356
# Buys, Shares: 37 22307, VW Avg Buy Pr: 1.1353
# Sells, Shares: 5 700, VW Avg Sell Pr: 1.1314
# Unkn, Shares: 8 1249, VW Avg Unk. Pr: 1.1444
Buy:Sell 31.87:1 (91.96% "buys"), DlyShts 100 (00.41%), Dly Sht % of 'sells' 14.29%
In the trading breakdown by time we see a general up trend in price and the buy percentages (look at the buy percentage above) for each period until the last trade of the day at the close. Today the up trend and buys are quite strong, something we've not seen for ages. Too bad these sorts of behaviors only appear on weak recoveries from highvolume down days, as seen yesterday, when my suspicion runs high that the market is being supported by someone like Maxim.
Today they didn't have to spend much to do the job. Total dollar volume today was only $27,545.92 while yesterday the "buys" alone were $42,717.52 and the whole day was $85,539.80.
EUREKA! VWAP was up +7.03% today after being down another 16.52% yesterday even with the apparent support of some folks that could move the market. Today's move brings us to 27.54% (yesterday was 32.29%) from 11/20's $1.5672. Since we listed and started trading on NASDAQ 10/24 now we're down only 63.91% (yesterday was 66.28%) from 10/23's VWAP of $3.1463. The first trading day after the 50:1 reversesplit on 9/5 (VWAP $4.4133), 9/8 had a VWAP of $5.2195 and we are now down only 78.24% (yesterday was) 79.67% from that.
The only blot on today's painted poster is the inability to close at a price nearer the highs than the lows (see the price breakdown), although the 15:50 period seemed a decent effort to get there. Maybe that close was an honest trade as someone came with a 400 share $1.09 offer at 15:59:55? In that same minute $1.19/$1.20 had been the best offers. Of course to be "fair and balanced" we do have to consider that this could also be painting, but to the downside. 400 shares on the offer makes it seem less likely though  100 shares would likely have sufficed.
For the third consecutive day we see low shorts, 0, 200 and 100 today. The average of the last five days is now down to 2.64%.
Today volume slunk away with a whimper after yesterday returning with a vengeance to be above all my averages. It's again back below the 10, 25, 50 and 100day averages, in thousands, of 29.32, 61.41, 55.82 and 35.38 respectively. I suspect that this is due to yesterday's objectives being achieved by those that moved the market, relieving them of the need to participate today. They were probably just standing guard today. See the above note about the dollar amount traded.
Today's low, high, VWAP, trade volume, and daily short sales moved 12.17%, 4.91%, 07.03%, 69.91% and 50.00% respectively. Price spread today was 13.21% vs. 33.54% (twitchy day  see first note and trading breakdowns for 12/8), 4.83%, 7.68%, 8.18%, 10.77%, 5.73%, 2.86%, 7.75% and 7.59% on prior days.
Here's a trading breakdown by arbitrary timeframes. See the above note about the general up trend and buy percentages.
09:3009:33: 010100 shrs, 41.64% of vol, VWAP $1.1000, 100.0% buys
09:5610:48: 001862 shrs, 07.68% of vol, VWAP $1.1425, 046.3% buys
11:2912:52: 005266 shrs, 21.71% of vol, VWAP $1.1482, 098.1% buys
12:5514:15: 001749 shrs, 07.21% of vol, VWAP $1.1489, 080.0% buys
14:3414:38: 000888 shrs, 03.66% of vol, VWAP $1.1579, 043.7% buys
15:2815:50: 003991 shrs, 16.45% of vol, VWAP $1.1999, 100.0% buys
16:0016:00: 000400 shrs, 01.65% of vol, VWAP $1.0900, 100.0% buys
Here's a trading breakdown by arbitrary price range. Note the unusual buying strength across the board. I suspect this is a continuation of the support begun with yesterday's twitchy behavior. The gap behavior remains too.
$1.0600$1.0900: 000600 shrs, 02.47% of vol, VWAP $1.0800, 066.7% buys
$1.1000$1.1250: 010706 shrs, 44.14% of vol, VWAP $1.1009, 097.7% buys
$1.1400$1.1500: 007766 shrs, 32.02% of vol, VWAP $1.1486, 087.1% buys
$1.1600$1.1600: 000700 shrs, 02.89% of vol, VWAP $1.1600, 028.6% buys
$1.1990$1.1990: 000500 shrs, 02.06% of vol, VWAP $1.1990, 100.0% buys
$1.2000$1.2000: 003984 shrs, 16.42% of vol, VWAP $1.2000, 100.0% buys
Some daytoday VWAP changes, with the end date shown and the percentage change from the prior day. Buy percentage is the last value on each line.
11/25 $1.4994 00.61% 25.7%
11/26 $1.4562 03.20% 22.8%
11/28 $1.4181 02.62% 00.0%
12/01 $1.3222 06.76% 33.1%
12/02 $1.3226 +00.03% 11.7%
12/03 $1.3596 +02.80% 29.9%
12/04 $1.3195 02.95% 40.9%
12/05 $1.2683 03.67% 21.6%
12/08 $1.0611 16.52% 49.9%
12/09 $1.1356 +07.03% 92.0%
The larger trades (>= 500) occurred on 9 of the 50 trades, 18.00%. These 17,914 shares were 73.85% of day's volume, and traded at a VWAP of $1.1316. 8 of the larger trades, 88.89%, were buys of 17,414 shares, 97.21% of the larger trades volume, and traded at a VWAP of $1.1311. There were no sells. 1 trade, 11.11%, was unknown and accounted for 500 shares, 2.79% of the larger trade volume, and traded at a VWAP of $1.1500.
The other 41 trades, 82.00% of the day's trades, traded 6,342 shares, 26.15% of the days volume. The VWAP was $1.1470. 29 trades, 70.73%, were buys and accounted for 4,893 shares, 77.15% of the smaller trade volume, and traded at a VWAP of $1.1502. 5 trades, 12.20%, were sells and accounted for 700 shares, 11.04% of the smaller trade volume, and traded at a VWAP of $1.1314. 7 trades, 17.07%, were unknowns and accounted for 749 shares, 11.81% of the smaller trade volume, and traded at a VWAP of $1.1407.
"Dly Sht % of 'sells'" and inflection point changes here are in the latest daily post above.
12/08/2014: EOD stuff partially copied to the concentrator.
# Trds: 233, MinTrSz: 5, MaxTrSz: 5478, Vol: 80616, AvTrSz: 346
Min. Pr: 0.9450, Max Pr: 1.2620, VW Avg. Tr. Pr: 1.0611
# Buys, Shares: 140 40202, VW Avg Buy Pr: 1.0626
# Sells, Shares: 80 31807, VW Avg Sell Pr: 1.0471
# Unkn, Shares: 13 8607, VW Avg Unk. Pr: 1.1058
Buy:Sell 1.26:1 (49.87% "buys"), DlyShts 200 (00.25%), Dly Sht % of 'sells' 0.63%
For the second consecutive day we see low shorts, 0 yesterday and 200 today, both from ARCA. This exchange was the one seen in the past that was a key indicator of price being under pressure intraday from PIPErs, a deal set up by MAXIM, the same "investment bank" that's "helped" us with this one by inserting a "cashless conversion" feature into the financing agreement after most investors had been lured in. MAXIM also states in the SEC filing that they may trade, in all manners, the stock on the open market. They have stock inhouse (both in customer accounts and their own) from the financing and their MM function allows them to be on both sides of the trade, by SEC/FINRA rules, simultaneously. The low shorts and today's "twitchy" action (including large intraday gaps in price) suggests MAXIM and/or their minions were present today. BTW, I'm not suggesting ARCA is the exchange used by MAXIM. That would be hard to ascertain because exchanges with no shorts that day may not report their trade volumes and ARCA had only 800 shares traded (meaning 25% short). Some exchanges do report even when they have no short volume. Today they reported 19,920, 15,120 of which was from EDGX. I would suspect either EDGX or one of the ones that didn't report as the exchange used by MAXIM.
Yesterday, 12/8, I wrote a bit about the 0 shorts and some possibilities related to that. Today short "exploded", rising an "infinite" percentage ... a natural result of going from 0 to 200 shares shorted (200/0 = infinity). :) Other than that useless thought, nothing here to add.
Today volume returned with a vengeance, above the 10, 25, 50 and 100day averages of 29.43, 63.94, 55.89 and 35.20 respectively. See my note after the summary for some considerations that may be useful.
VWAP was down another 16.52% today, bringing us to 32.29% from 11/20's $1.5672. Since we listed and started trading on NASDAQ 10/24 we're down 66.28% from 10/23's VWAP of $3.1463. The first trading day after the 50:1 reversesplit on 9/5 (VWAP $4.4133), 9/8 had a VWAP of $5.2195 and we are down 79.67% from that.
With today's twitchy, and IMO likely manipulated price action, there's no point in looking at discounting some "outlier" trades  just too many of them.
Today's low, high, VWAP, trade volume, and daily short sales moved 23.79%, 2.92%, 16.52%, 421.31% and infinity (200/0) respectively. Price spread today was 33.54% (twitchy day  see first note and trading breakdowns for 12/8) vs 4.83%, 7.68%, 8.18%, 10.77%, 5.73%, 2.86%, 7.75%, 7.59% and 6.72% on prior days.
Here's a trading breakdown by arbitrary timeframes. Note the general down trend until 14:36 and the buy percentages then and subsequent to the VWAP hitting $0.9722 in the period ending 13:40. Combine with some possibilities implied by note just under today's summary header. Notice what a nice close we got out of all this. Almost like it was planned, no?
09:3009:30: 003158 shrs, 03.92% of vol, VWAP $1.2138, 019.0% buys
10:0410:10: 005200 shrs, 06.45% of vol, VWAP $1.1563, 000.0% buys
10:1610:46: 005758 shrs, 07.14% of vol, VWAP $1.0764, 052.1% buys
11:0611:40: 009050 shrs, 11.23% of vol, VWAP $1.0710, 027.7% buys
11:4312:04: 002997 shrs, 03.72% of vol, VWAP $1.0503, 049.9% buys
12:2112:50: 004950 shrs, 06.14% of vol, VWAP $1.0012, 042.4% buys
13:0513:40: 004303 shrs, 05.34% of vol, VWAP $0.9722, 016.3% buys
13:4813:53: 003790 shrs, 04.70% of vol, VWAP $0.9583, 063.3% buys
13:5413:57: 000395 shrs, 00.49% of vol, VWAP $0.9699, 100.0% buys
13:5814:28: 007900 shrs, 09.80% of vol, VWAP $0.9916, 064.6% buys
14:3615:00: 005200 shrs, 06.45% of vol, VWAP $1.0020, 063.5% buys
15:1015:17: 012178 shrs, 15.11% of vol, VWAP $1.0128, 053.2% buys
15:1815:32: 003600 shrs, 04.47% of vol, VWAP $1.0683, 071.9% buys
15:3315:42: 003900 shrs, 04.84% of vol, VWAP $1.1137, 087.2% buys
15:4515:48: 001200 shrs, 01.49% of vol, VWAP $1.1475, 016.7% buys
15:5015:53: 005037 shrs, 06.25% of vol, VWAP $1.1986, 078.2% buys
15:5915:59: 002000 shrs, 02.48% of vol, VWAP $1.2599, 100.0% buys
Here's a trading breakdown by arbitrary price range. Note the unusual tendency of volume to increase, generally in trend, as prices rises rather than when it falls, which is the normal behavior. See the note under today's header for some possible explanations of this anomaly.
$1.2400$1.2499: 000520 shrs, 02.91% of vol, VWAP $1.2476, 019.2% buys
$1.2500$1.2500: 003250 shrs, 18.19% of vol, VWAP $1.2500, 003.1% buys
$1.2600$1.2699: 007000 shrs, 39.18% of vol, VWAP $1.2628, 028.6% buys
$1.2700$1.2757: 000836 shrs, 04.68% of vol, VWAP $1.2714, 073.8% buys
$1.2800$1.2810: 003931 shrs, 22.01% of vol, VWAP $1.2806, 000.0% buys
$1.2900$1.2999: 002327 shrs, 13.03% of vol, VWAP $1.2928, 022.6% buys
Some daytoday VWAP changes, with the end date shown and the percentage change from the prior day. Buy percentage is the last value on each line.
11/24 $1.5085 +03.56% 28.8%
11/25 $1.4994 00.61% 25.7%
11/26 $1.4562 03.20% 22.8%
11/28 $1.4181 02.62% 00.0%
12/01 $1.3222 06.76% 33.1%
12/02 $1.3226 +00.03% 11.7%
12/03 $1.3596 +02.80% 29.9%
12/04 $1.3195 02.95% 40.9%
12/05 $1.2683 03.67% 21.6%
12/08 $1.0611 16.52% 49.9%
The larger trades (>= 500) occurred on 48 of the 233 trades, 20.60%. These 54,912 shares were 68.12% of day's volume, and traded at a VWAP of $1.0625. 22 of the larger trades, 45.83%, were buys of 25,793 shares, 46.97% of the larger trades volume, and traded at a VWAP of $1.0611. 21 trades, 43.75%, were sells and accounted for 21,961 shares, 39.99% of the larger trade volume, and traded at a VWAP of $1.0476. 5 trades, 10.42%, were unknown and accounted for 7,158 shares, 13.04% of the larger trade volume, and traded at a VWAP of $1.1135.
The other 185 trades, 79.40% of the day's trades, traded 25,704 shares, 31.88% of the days volume. The VWAP was $1.0580. 118 trades, 63.78%, were buys and accounted for 14,409 shares, 56.06% of the smaller trade volume, and traded at a VWAP of $1.0653. 59 trades, 31.89%, were sells and accounted for 9,846 shares, 38.31% of the smaller trade volume, and traded at a VWAP of $1.0459. 8 trades, 4.32%, were unknowns and accounted for 1,449 shares, 5.64% of the smaller trade volume, and traded at a VWAP of $1.0680.
"Dly Sht % of 'sells'" and inflection point changes here are in the latest daily post above.
12/05/2014: EOD stuff partially copied to the concentrator.
# Trds: 37, MinTrSz: 10, MaxTrSz: 3700, Vol: 17864, AvTrSz: 483
Min. Pr: 1.2400, Max Pr: 1.2999, VW Avg. Tr. Pr: 1.2683
# Buys, Shares: 8 3344, VW Avg Buy Pr: 1.2728
# Sells, Shares: 26 12220, VW Avg Sell Pr: 1.2639
# Unkn, Shares: 3 2300, VW Avg Unk. Pr: 1.2851
Buy:Sell 1:3.65 (18.72% "buys"), DlyShts 0 (00.00%), Dly Sht % of 'sells' 0.00%
To have 0 shorts with this volume is extremely unusual. This says that either a lot of MMs were shortterm *very* long  recent trade and short volumes make long positions sufficient to have 0 shorts unlikely IMO  or there was a lot of intraMM/broker trading, which seems most likely. With this volume though that also seems to suggest consideration of who is doing the selling and buying for these trades. Is it really reasonable that "retail" beneficial owners that are selling would hit only buyers within their MM/broker sphere at constantly collapsing intraday VWAPS and in "bursts" (second consecutive day)? OTOH, if these are "negotiated" trades, the "bursts" of activity would be quite reasonable. In that case I would presume that some "PIPErlike" players were involved, maybe planning on a cashless conversion play down the road by forcing everlower prices? Since we again have Maxim and at least one prior PIPEr involved ...
Volume continues its inexorable (seemingly!) slide lower as we were off 60.88% from yesterday's move up. Being a Friday, when low volume is not uncommon, maybe we shouldn't give it too much consideration. Regardless, today's ~17.9K is below the 10, 25, 50 and 100day averages, in thousands, of 24.44, 65.28, 55.00 and 34.42 respectively. This "below all the averages" is too frequent for a "healthy" market in a symbol IMO.
VWAP was down another 03.67% today, bringing us to 18.89% from 11/20's $1.5672, worse than 12/1's reading of 15.63%. More depressing, if we allow emotions into this, is the fact that since we listed and started trading on NASDAQ 10/24 we're down 59.60% from 10/23's VWAP of $3.1463. Worse, the first trading day after the 50:1 reversesplit on 9/5 (VWAP $4.4133), 9/8 had a VWAP of $5.2195 and we are down 75.65% from that.
Of course we knew that already.
Note the following price spread was affected by two lowball trades totaling 120 shares at $1.24 at 15:58:50. This appears to be a "paint the tape" operation to me as the prior trade at that same second was 280 shares for $1.25 and the trade before that, at 14:35:43, was 2K shares at $1.26, which was preceded by lots of trades at $1.2499$1.2500 from 13:55:11  14:01:50. After those two lowball trades, at 16:00:00, a 2K share trade at $1.25 provided the closing price for the day. Moving the low of the day to 1.2499 would give a spread of 4.00%.
The high was set by the first trade of the day at 9:58:44  300 shares at $1.2999.
The next lower trades were ~1.8K shares and 27 shares for $1.2920 and then two trades, 50 and 150 shares, for $1.29. We finally get multiple trades and some volume at $1.2810 aggregating to 1.8K shares (matching the volume at $1.2920  likely an MM making some moolah). Removing those, highest to lowest, until $1.2810 is reached yields spreads of 4.19%, 4.03% and 3.31%.
If we also remove the lowball $1.24 price and use $1.2499 for the low, the spread percentages using the lower highs morph to 3.37%, 3.21% and 2.49%.
Today's low, high, VWAP, trade volume, and daily short sales moved 1.82%, 4.42%, 03.67%, 60.88% and 100.00% respectively. Price spread today was 4.83% vs. 7.68%, 8.18%, 10.77%, 5.73%, 2.86%, 7.75%, 7.59%, 6.72% and 16.20% on prior days.
Here's a trading breakdown by arbitrary timeframes. Note the general down trend after the initial couple of hours of trading (if you want to call it that with those time gaps and low volume). Note the VWAP "plunge" in the last three minutes, being mostly attributable to the 2.4K $1.25 trade at 16:00, a "sell" as were all four trades from 15:58:50 onward. With ~16% of day's volume we can't consider them inconsequential or "outliers".
09:5812:11: 000569 shrs, 03.19% of vol, VWAP $1.2937, 087.9% buys
12:3312:43: 004542 shrs, 25.43% of vol, VWAP $1.2854, 000.6% buys
13:0113:21: 005783 shrs, 32.37% of vol, VWAP $1.2657, 010.7% buys
13:5514:35: 004170 shrs, 23.34% of vol, VWAP $1.2624, 052.8% buys
15:5816:00: 002800 shrs, 15.67% of vol, VWAP $1.2496, 000.0% buys
Here's a trading breakdown by arbitrary price range.
$1.2400$1.2499: 000520 shrs, 02.91% of vol, VWAP $1.2476, 019.2% buys
$1.2500$1.2500: 003250 shrs, 18.19% of vol, VWAP $1.2500, 003.1% buys
$1.2600$1.2699: 007000 shrs, 39.18% of vol, VWAP $1.2628, 028.6% buys
$1.2700$1.2757: 000836 shrs, 04.68% of vol, VWAP $1.2714, 073.8% buys
$1.2800$1.2810: 003931 shrs, 22.01% of vol, VWAP $1.2806, 000.0% buys
$1.2900$1.2999: 002327 shrs, 13.03% of vol, VWAP $1.2928, 022.6% buys
Some daytoday VWAP changes, with the end date shown and the percentage change from the prior day. Buy percentage is the last value on each line.
11/21 $1.4566 07.05% 05.5%
11/24 $1.5085 +03.56% 28.8%
11/25 $1.4994 00.61% 25.7%
11/26 $1.4562 03.20% 22.8%
11/28 $1.4181 02.62% 00.0%
12/01 $1.3222 06.76% 33.1%
12/02 $1.3226 +00.03% 11.7%
12/03 $1.3596 +02.80% 29.9%
12/04 $1.3195 02.95% 40.9%
12/05 $1.2683 03.67% 21.6%
The larger trades (>= 500) occurred on 8 of the 37 trades, 21.62%. These 12,883 shares were 72.12% of day's volume, and traded at a VWAP of $1.2664. 2 of the larger trades, 25.00%, were buys of 2,617 shares, 20.31% of the larger trades volume, and traded at a VWAP of $1.2699. 5 trades, 62.50%, were sells and accounted for 8,466 shares, 65.71% of the larger trade volume, and traded at a VWAP of $1.3212. 1 trade, 12.50%, was unknown and accounted for 1,800 shares, 13.97% of the larger trade volume, and traded at a VWAP of $1.2920.
The other 29 trades, 78.38% of the day's trades, traded 4,981 shares, 27.88% of the days volume. The VWAP was $1.2730. 6 trades, 20.69%, were buys and accounted for 727 shares, 14.60% of the smaller trade volume, and traded at a VWAP of $1.2831. 21 trades, 72.41%, were sells and accounted for 3,754 shares, 75.37% of the smaller trade volume, and traded at a VWAP of $1.2728. 2 trades, 6.90%, were unknowns and accounted for 500 shares, 10.04% of the smaller trade volume, and traded at a VWAP of $1.2602.
"Dly Sht % of 'sells'" and inflection point changes here are in the latest daily post above.
12/04/2014: EOD stuff partially copied to the concentrator.
# Trds: 68, MinTrSz: 7, MaxTrSz: 3603, Vol: 39526, AvTrSz: 581
Min. Pr: 1.2630, Max Pr: 1.3600, VW Avg. Tr. Pr: 1.3195
# Buys, Shares: 33 16149, VW Avg Buy Pr: 1.3194
# Sells, Shares: 33 23067, VW Avg Sell Pr: 1.3196
# Unkn, Shares: 2 310, VW Avg Unk. Pr: 1.3176
Buy:Sell 1:1.43 (40.86% "buys"), DlyShts 4183 (10.58%), Dly Sht % of 'sells' 18.13%
VWAP broke the recent threeday weak up trend as volume returned. This is like the old behavior  volume up price down and vice versa. Anyway, down 2.95% today, bringing us to 15.80% from 11/20's $1.5672, worse than 12/1's reading of 15.63%.
Note the following price spread was due to a single 100 share trade for $1.36. This was followed by a single ~3.6K share trade for $1.35 and then a single 100 share trade for $1.34. We finally get multiple trades at $1.3290 aggregating to 3.5K shares at 11:57:48. Removing those three single trades, highest to lowest, until $1.3290 is reached yields spreads of 6.89%, 6.10% and 5.23%.
Today's low, high, VWAP, trade volume, and daily short sales moved 4.32%, 4.76%, 02.95%, 284.57% and 1,991.50% respectively. Price spread today was 7.68% vs. 8.18%, 10.77%, 5.73%, 2.86%, 7.75%, 7.59%, 6.72%, 16.20% and 19.44% on prior days.
Here's a trading breakdown by arbitrary timeframes. Note the "blitz" in the 10:54 and 11:24 periods the account for ~72.5% of the day's volume. Also note the general down trend after the initial 15 minutes of trading.
09:3009:43: 002400 shrs, 06.07% of vol, VWAP $1.3113, 004.2% buys
09:4710:32: 004403 shrs, 11.14% of vol, VWAP $1.3455, 015.9% buys
10:5410:57: 017861 shrs, 45.19% of vol, VWAP $1.3166, 057.1% buys
11:2411:59: 010803 shrs, 27.33% of vol, VWAP $1.3230, 032.4% buys
12:2315:07: 002242 shrs, 05.67% of vol, VWAP $1.3066, 019.0% buys
15:2015:21: 000600 shrs, 01.52% of vol, VWAP $1.2947, 000.0% buys
15:5515:55: 001217 shrs, 03.08% of vol, VWAP $1.2899, 100.0% buys
Here's a trading breakdown by arbitrary price range. The $1.30 and $1.32 ranges included the majority of the "blitz" trades seen in the time breakdown.
$1.2630$1.2900: 001413 shrs, 03.57% of vol, VWAP $1.2890, 086.1% buys
$1.3000$1.3199: 017290 shrs, 43.74% of vol, VWAP $1.3129, 039.5% buys
$1.3200$1.3290: 017020 shrs, 43.06% of vol, VWAP $1.3219, 047.0% buys
$1.3400$1.3500: 003703 shrs, 09.37% of vol, VWAP $1.3497, 002.7% buys
$1.3600$1.3600: 000100 shrs, 00.25% of vol, VWAP $1.3600, 000.0% buys
Some daytoday VWAP changes, with the end date shown and the percentage change from the prior day. Buy percentage is the last value on each line.
11/20 $1.5672 +04.20% 75.5% (hopium version)
11/20 $1.4740 01.99% 60.6% (nonhopium version)
11/21 $1.4566 07.05% 05.5%
11/24 $1.5085 +03.56% 28.8%
11/25 $1.4994 00.61% 25.7%
11/26 $1.4562 03.20% 22.8%
11/28 $1.4181 02.62% 00.0%
12/01 $1.3222 06.76% 33.1%
12/02 $1.3226 +00.03% 11.7%
12/03 $1.3596 +02.80% 29.9%
12/04 $1.3195 02.95% 40.9%
The larger trades (>= 500) occurred on 21 of the 68 trades, 30.88%. These 32,451 shares were 82.10% of day's volume, and traded at a VWAP of $1.3203. 8 of the larger trades, 38.10%, were buys of 12,624 shares, 38.90% of the larger trades volume, and traded at a VWAP of $1.3188. 13 trades, 61.90%, were sells and accounted for 19,827 shares, 61.10% of the larger trade volume, and traded at a VWAP of $1.3212. There were no unknowns.
The other 47 trades, 69.12% of the day's trades, traded 7,075 shares, 17.90% of the days volume. The VWAP was $1.3160. 25 trades, 53.19%, were buys and accounted for 3,525 shares, 49.82% of the smaller trade volume, and traded at a VWAP of $1.3216. 20 trades, 42.55%, were sells and accounted for 3,240 shares, 45.80% of the smaller trade volume, and traded at a VWAP of $1.3096. 2 trades, 4.26%, were unknowns and accounted for 310 shares, 4.38% of the smaller trade volume, and traded at a VWAP of $1.3176.
"Dly Sht % of 'sells'" and inflection point changes here are in the latest daily post above.
12/03/2014: EOD stuff partially copied to the concentrator.
# Trds: 25, MinTrSz: 100, MaxTrSz: 1335, Vol: 10278, AvTrSz: 411
Min. Pr: 1.3200, Max Pr: 1.4280, VW Avg. Tr. Pr: 1.3596
# Buys, Shares: 5 3078, VW Avg Buy Pr: 1.3596
# Sells, Shares: 19 5865, VW Avg Sell Pr: 1.3441
# Unkn, Shares: 1 1335, VW Avg Unk. Pr: 1.4280
Buy:Sell 1:1.91 (29.95% "buys"), DlyShts 200 (01.95%), Dly Sht % of 'sells' 3.41%
VWAP was up another +2.80% after yesterday's +00.03%. If we had some volume I'd have a lot more confidence that maybe this is the start of the bullish signals. Volume continued well below all four of my moving averages, buy:sell was improved but still anemic at 1:1.91, daily short percentage still remains low ("normal" needed for price rise is my belief). My newer inflection point calculations also show improvement across all six periods.
Unfortunately, lack of (consistent?) volume makes all of this quite suspect.
This all reminds me of the "flat to higher last and first weeks of the month" scenario we used to see regularly.
A FAIL! Yesterday I noted a wellentrenched weakening trend in place for now, based on the charts showing the trend best. Unfortunately, the newer version had an error creep in that omitted the most recent 11 periods. This has been corrected and that " wellentrenched weakening trend" is not there. If I had given some serious thought to what was shown I would have identified the error and corrected it before publishing yesterday's stuff.
Another lowvolume day remained below all the moving averages, in thousands, of 24.53, 72.35, 55.23 and 33.98 for the 10, 25, 50 and 100day periods respectively. The first two periods continue falling while the two longer periods are flat for the moment.
Thanks to a few exceptional trades, in size and price, the VWAP again improved a bit. From yesterday's move from 15.63% to 15.63% we get today's reading of 13.24%. However, if we remove those three exceptional trades until the $1.3520 trades are the top, we get a reading of 14.62%, still an improvement. Regardless, so far the movements, oldest to latest from 11/19 forward, have given us moves of 3.12%, 10.97%, 4.07%, 4.92%, 0.56%, 1.92%, 02.62%, 06.76%, +00.03% and 02.80%. The net change from 11/20's $1.5672 VWAP is now 13.24%, again up from the prior 15.61% and 15.63%.
Note the following price spread was due to a single ~1.3K share trade for $1.4280. This was followed by a single 1K share trade for $1.4000 and then a single 800 share trade for $1.3800 and one trade of 200 shares for $1.3700. We finally get two trades at different times for $1.3520. Removing these, highest to lowest, until $1.3520, which had two trades, is reached yields spreads of 6.06%, 4.55%, 3.79% and 2.42%.
Doing this would remove about 1/3rd of the day's volume too, 3,335 shares.
Today's low, high, VWAP, trade volume, and daily short sales moved 1.54%, 0.83%, 02.80%, 35.92% and 80.00% respectively. Price spread today was 8.18% vs. 10.77%, 5.73%, 2.86%, 7.75%, 7.59%, 6.72%, 16.20%, 19.44% and 8.39% on prior days.
Here's a trading breakdown by arbitrary timeframes. The first period includes the day's largest and highestpriced trade of 1,335 shares for $1.4280, an "unknown". The 11:08 period includes the day's thirdlargest trade, a sell at the secondhighest price, of 1K shares for $1.4000. The 14:16 period includes the day's secondlargest trade, a buy of 1,278 shares for $1.3500.
09:3009:46: 003325 shrs, 32.35% of vol, VWAP $1.3658, 000.0% buys
11:0813:27: 001800 shrs, 17.51% of vol, VWAP $1.3911, 044.4% buys
14:1614:56: 003378 shrs, 32.87% of vol, VWAP $1.3517, 064.5% buys
15:2215:32: 001175 shrs, 11.43% of vol, VWAP $1.3301, 000.0% buys
15:5015:51: 000600 shrs, 05.84% of vol, VWAP $1.3334, 016.7% buys
Here's a trading breakdown by arbitrary price range. Keep in mind the note about those three trades mentioned in the note on the price spread and the time breakdown when you look at the price breakdown.
$1.3200$1.3290: 001990 shrs, 19.36% of vol, VWAP $1.3241, 000.0% buys
$1.3300$1.3310: 001675 shrs, 16.30% of vol, VWAP $1.3301, 000.0% buys
$1.3500$1.3520: 003278 shrs, 31.89% of vol, VWAP $1.3505, 063.4% buys
$1.3700$1.3700: 000200 shrs, 01.95% of vol, VWAP $1.3700, 100.0% buys
$1.3800$1.3800: 000800 shrs, 07.78% of vol, VWAP $1.3800, 100.0% buys
$1.4000$1.4000: 001000 shrs, 09.73% of vol, VWAP $1.4000, 000.0% buys
$1.4280$1.4280: 001335 shrs, 12.99% of vol, VWAP $1.4280, 000.0% buys
Some daytoday VWAP changes, with the end date shown and the percentage change from the prior day. Buy percentage is the last value on each line.
11/19 $1.5040 +02.51% 51.7%
11/20 $1.5672 +04.20% 75.5% (hopium version)
11/20 $1.4740 01.99% 60.6% (nonhopium version)
11/21 $1.4566 07.05% 05.5%
11/24 $1.5085 +03.56% 28.8%
11/25 $1.4994 00.61% 25.7%
11/26 $1.4562 03.20% 22.8%
11/28 $1.4181 02.62% 00.0%
12/01 $1.3222 06.76% 33.1%
12/02 $1.3226 +00.03% 11.7%
12/03 $1.3596 +02.80% 29.9%
The larger trades (>= 500) occurred on 8 of the 25 trades, 32.00%. These 7,643 shares were 74.36% of day's volume, and traded at a VWAP of $1.3674. 3 of the larger trades, 37.50%, were buys of 2,778 shares, 27.03% of the larger trades volume, and traded at a VWAP of $1.3591. 4 trades, 50.00%, were sells and accounted for 3,530 shares, 34.35% of the larger trade volume, and traded at a VWAP of $1.3509. 1 trade, 12.50%, was an unknown and accounted for 1,335 shares, 12.99% of the larger trade volume, and traded at a VWAP of $1.4280.
The other 17 trades, 68.00% of the day's trades, traded 2,635 shares, 25.64% of the days volume. The VWAP was $1.3372. 2 trades, 11.76%, were buys and accounted for 300 shares, 11.39% of the smaller trade volume, and traded at a VWAP of $1.3633. 15 trades, 88.24%, were sells and accounted for 2,335 shares, 88.61% of the smaller trade volume, and traded at a VWAP of $1.3339. There were no unknowns.
"Dly Sht % of 'sells'" and inflection point changes here are in the latest dauly post above.
12/02/2014: EOD stuff partially copied to the concentrator.
# Trds: 32, MinTrSz: 20, MaxTrSz: 5403, Vol: 16040, AvTrSz: 501
Min. Pr: 1.3000, Max Pr: 1.4400, VW Avg. Tr. Pr: 1.3226
# Buys, Shares: 7 1877, VW Avg Buy Pr: 1.3761
# Sells, Shares: 24 13763, VW Avg Sell Pr: 1.3129
# Unkn, Shares: 1 400, VW Avg Unk. Pr: 1.4050
Buy:Sell 1:7.33 (11.70% "buys"), DlyShts 1000 (06.23%), Dly Sht % of 'sells' 7.27%
VWAP was up 00.03% today  the first rise in a long time. Maybe this is the start of the bullish signals? Ah, not so fast there! Volume was below all four of my moving averages, buy:sell was absolutely abysmal at 1:7.33, daily short percentage still remains low ("normal" needed for price rise is my belief), and my newer inflection point calculations show a wellentrenched weakening trend in place for now. The charts show the trend best. The original version is not so decisive, but the newer version is quite emphatic.
The return of some volume yesterday was shortlived. It again dropped below all the moving averages, in thousands, of 26.43, 79.22, 55.23 and 33.89 for the 10, 25, 50 and 100day periods respectively. All four periods are now falling.
Daily short percentage is exhibiting the "choppy" behavior I've mentioned many times a it starts moving towards normalcy with a fall to 6.23% after a rise to 13.3%. I think it's still a long way yet to get to where we might see some cessation in the price drop. So far the drops, oldest to latest from 11/19 forward, have given us moves of 3.12%, 10.97%, 4.07%, 4.92%, 0.56%, 1.92%, 02.62%, 06.76% and +00.03%. The net change from 11/20's $1.5672 VWAP is now 15.61%, the first improvement seen, up a smidgen from yesterday's 15.63%.
Note the following price spread was due to a single 727 share trade for $1.44. This was followed by a single 400 share trade for $1.4050 and then a single 100 share trade for $1.3716. Removing these, highest to lowest, until $1.34, which had multiple trades, is reached yields spreads of 8.08%, 5.51% and 3.08%.
Today's low, high, VWAP, trade volume, and daily short sales moved 0.00%, 4.77%, 00.03%, 51.72% and 77.42% respectively. Price spread today was 10.77% vs 5.73%, 2.86%, 7.75%, 7.59%, 6.72%, 16.20%, 19.44%, 8.39% and 16.78% on prior days.
Here's a trading breakdown by arbitrary timeframes. The 09:57 period includes the 727 share $1.44 trade mentioned in the note about the price spread. The 10:28 period includes the day's four largest trades, all sells, of 1,460, 1,100, 5,4003 and 1,432 at prices from $1.3040 to $1.3145 (totaling 6,503 shares).
09:4509:45: 000700 shrs, 04.36% of vol, VWAP $1.3100, 000.0% buys
09:5710:10: 001227 shrs, 07.65% of vol, VWAP $1.4230, 059.3% buys
10:2811:59: 011763 shrs, 73.34% of vol, VWAP $1.3110, 000.0% buys
13:0013:45: 001200 shrs, 07.48% of vol, VWAP $1.3359, 045.8% buys
14:2115:54: 001150 shrs, 07.17% of vol, VWAP $1.3276, 052.2% buys
Here's a trading breakdown by arbitrary price range. Keep in mind the note about those three trades mentioned in the note on the price spread when you look at the price breakdown.
$1.3000$1.3099: 002802 shrs, 17.47% of vol, VWAP $1.3033, 000.0% buys
$1.3100$1.3145: 009891 shrs, 61.66% of vol, VWAP $1.3130, 000.0% buys
$1.3200$1.3290: 000620 shrs, 03.87% of vol, VWAP $1.3245, 048.4% buys
$1.3300$1.3300: 000150 shrs, 00.94% of vol, VWAP $1.3300, 100.0% buys
$1.3400$1.3400: 001350 shrs, 08.42% of vol, VWAP $1.3400, 051.9% buys
$1.3716$1.3716: 000100 shrs, 00.62% of vol, VWAP $1.3716, 000.0% buys
$1.4050$1.4400: 001127 shrs, 07.03% of vol, VWAP $1.4276, 064.5% buys
Some daytoday VWAP changes, with the end date shown and the percentage change from the prior day. Buy percentage is the last value on each line.
11/18 $1.4672 +03.47% 41.8%
11/19 $1.5040 +02.51% 51.7%
11/20 $1.5672 +04.20% 75.5% (hopium version)
11/20 $1.4740 01.99% 60.6% (nonhopium version)
11/21 $1.4566 07.05% 05.5%
11/24 $1.5085 +03.56% 28.8%
11/25 $1.4994 00.61% 25.7%
11/26 $1.4562 03.20% 22.8%
11/28 $1.4181 02.62% 00.0%
12/01 $1.3222 06.76% 33.1%
12/02 $1.3226 +00.03% 11.7%
The larger trades (>= 500) occurred on 10 of the 32 trades, 31.25%. These 12,960 shares were 80.80% of day's volume, and traded at a VWAP of $1.3210. 2 of the larger trades, 20.00%, were buys of 1,327 shares, 10.24% of the larger trades volume, and traded at a VWAP of $1.3948. 8 trades, 80.00%, were sells and accounted for 11,633 shares, 89.76% of the larger trade volume, and traded at a VWAP of $1.3126. There were no unknowns.
The other 22 trades, 68.75% of the day's trades, traded 3,080 shares, 19.20% of the days volume. The VWAP was $1.3293. 5 trades, 22.73%, were buys and accounted for 550 shares, 17.86% of the smaller trade volume, and traded at a VWAP of $1.3311. 16 trades, 72.73%, were sells and accounted for 2,130 shares, 69.16% of the smaller trade volume, and traded at a VWAP of $1.3146. 1 trade, 4.55%, was an unknown and accounted for 400 shares, 12.99% of the smaller trade volume, and traded at a VWAP of $1.4050.
"Dly Sht % of 'sells'" and inflection point changes here are in the latest daily post above.
12/01/2014: EOD stuff partially copied to the concentrator.
# Trds: 115, MinTrSz: 28, MaxTrSz: 7600, Vol: 33221, AvTrSz: 289
Min. Pr: 1.3000, Max Pr: 1.3745, VW Avg. Tr. Pr: 1.3222
# Buys, Shares: 56 11011, VW Avg Buy Pr: 1.3361
# Sells, Shares: 32 18328, VW Avg Sell Pr: 1.3146
# Unkn, Shares: 27 3882, VW Avg Unk. Pr: 1.3187
Buy:Sell 1:1.66 (33.14% "buys"), DlyShts 4429 (13.33%), Dly Sht % of 'sells' 24.17%
In summary, looking for positives yields only the suggestion that the toxic environment may be eroding our body more slowly than before. I get so tired of repeating "nothing bullish", but that's the call again for the moment.
As suggested, after the holiday week we have enough volume to start to see meaningful data. It'll take a couple more days to see if anything suggests a trend though.
We did get a return of some volume, coming up to in line with the 10 and 100day averages of ~32K and ~33.86 respectively, and that, along with a return of some buying (volume up 94.12% from the average volume last week) to 33.1%, a low but reasonable percentage. Recall that we had a 0% Friday and averaged only ~26% the other three days.
As with the other metrics I mentioned, daily short percentage started moving towards normalcy with a rise to 13.3% from the average last week of 2.4%. A long way yet to get to where we might see some cessation in the price drop. So far the drops, oldest to latest from 11/19 forward, have given us moves of 3.12%, 10.97%, 4.07%, 4.92%, 0.56%, 1.92%, 02.62% and 06.76%. The net change from 11/20's $1.5672 VWAP is now 15.63%.
Today's low, high, VWAP, trade volume, and daily short sales moved 7.14%, 4.55%, 06.76%, 206.18% and 2,114.50% respectively. Price spread today was 5.73% vs. 2.86%, 7.75%, 7.59%, 6.72%, 16.20%, 19.44%, 8.39%, 16.78% and 17.16% on prior days.
Here's a trading breakdown by arbitrary timeframes. The 10:09 period included a buy of 3K, 9.03% of volume, and the 11:27 period included two of the days largest trades, 7.6K and 2.4K (likely parts of a single order) that comprised 30.10% of the day's volume. After the first hour those two larger trades dragged the VWAP lower. VWAP then recovered about half the loss and then weakened again in the last hour and twenty minutes.
09:3010:00: 001400 shrs, 04.21% of vol, VWAP $1.3600, 000.0% buys
10:0910:30: 008994 shrs, 27.07% of vol, VWAP $1.3532, 054.4% buys
10:4511:27: 012600 shrs, 37.93% of vol, VWAP $1.3012, 000.0% buys
11:3012:19: 002617 shrs, 07.88% of vol, VWAP $1.3274, 080.9% buys
12:4014:00: 001100 shrs, 03.31% of vol, VWAP $1.3271, 072.7% buys
14:0814:37: 001100 shrs, 03.31% of vol, VWAP $1.3209, 081.8% buys
14:4215:12: 003200 shrs, 09.63% of vol, VWAP $1.3077, 053.1% buys
15:1315:58: 002210 shrs, 06.65% of vol, VWAP $1.3048, 027.1% buys
Here's a trading breakdown by arbitrary price range. The $1.3000$1.3050 range includes two of the days largest trades, 7.6K and 2.4K (likely parts of a single order) that comprised 30.10% of the day's volume. Also note the 0% of buys in that range. The $1.35$1.3510 range included a buy of 3K, 9.03% of trade volume.
$1.3000$1.3050: 014469 shrs, 43.55% of vol, VWAP $1.3008, 000.0% buys
$1.3100$1.3150: 003841 shrs, 11.56% of vol, VWAP $1.3102, 059.9% buys
$1.3200$1.3236: 002017 shrs, 06.07% of vol, VWAP $1.3202, 035.5% buys
$1.3300$1.3300: 003100 shrs, 09.33% of vol, VWAP $1.3300, 100.0% buys
$1.3500$1.3510: 005594 shrs, 16.84% of vol, VWAP $1.3502, 067.8% buys
$1.3600$1.3600: 002500 shrs, 07.53% of vol, VWAP $1.3600, 000.0% buys
$1.3700$1.3745: 001700 shrs, 05.12% of vol, VWAP $1.3716, 064.7% buys
Some daytoday VWAP changes, with the end date shown and the percentage change from the prior day. Buy percentage is the last value on each line.
11/17 $1.4181 13.38% 13.1%
11/18 $1.4672 +03.47% 41.8%
11/19 $1.5040 +02.51% 51.7%
11/20 $1.5672 +04.20% 75.5% (hopium version)
11/20 $1.4740 01.99% 60.6% (nonhopium version)
11/21 $1.4566 07.05% 05.5%
11/24 $1.5085 +03.56% 28.8%
11/25 $1.4994 00.61% 25.7%
11/26 $1.4562 03.20% 22.8%
11/28 $1.4181 02.62% 00.0%
12/01 $1.3222 06.76% 33.1%
The larger trades (>= 500) occurred on 14 of the 115 trades, 12.17%. These 20,850 shares were 62.76% of day's volume, and traded at a VWAP of $1.3225. 2 of the larger trades, 14.29%, were buys of 4,100 shares, 19.66% of the larger trades volume, and traded at a VWAP of $1.3554. 10 trades, 71.43%, were sells and accounted for 15,568 shares, 74.67% of the larger trade volume, and traded at a VWAP of $1.3125. 2 trades, 14.29%, were unknown and accounted for 1,182 shares, 5.67% of the larger trade volume, and traded at a VWAP of $1.3403.
The other 101 trades, 87.83% of the day's trades, traded 12,371 shares, 37.24% of the days volume. The VWAP was $1.3217. 54 trades, 53.47%, were buys and accounted for 6,911 shares, 55.86% of the smaller trade volume, and traded at a VWAP of $1.3246. 22 trades, 21.78%, were sells and accounted for 2,760 shares, 22.31% of the smaller trade volume, and traded at a VWAP of $1.3264. 25 trades 24.75%, were unknown and accounted for 2,700 shares, 21.83% of the smaller trade volume, and traded at a VWAP of $1.3092.
"Dly Sht % of 'sells'" and inflection point changes here are in the latest daily post above.
Disclosure: The author is long AXPW.
Additional disclosure: I am very experimental and sometimes do my TA in nontraditional fashions. Keep this in mind when considering anything I post and be sure and consult other sources and do your due diligence. I'm barely responsible for myself and certainly not responsible for anyone else or their actions. :)