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AXPW: Intra-Day Trade & Buy:Sell Inflection Point Charting Beginning 09/02/2014

Sep. 03, 2014 11:23 AM ET2 Comments
H. T. Love profile picture
H. T. Love's Blog
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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!

(right-click and open in new tab, position cursor over image to be able to zoom and scroll)

AXPW Intra-day Statistics Chart 20140930

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.

(right-click and open in new tab, position cursor over image to be able to zoom and scroll)

AXPW Intra-day Statistics Chart Test IP Calculations 20140930

Older stuff for "2013 Dly Sht % of 'sells' values", Weekly 85% price summaries going back to 6/14/2012, and some day-to-day VWAP changes stuff going back to 10/09 are available in AXPW: Intra-Day Trade & Buy:Sell Inflection Point Charting Beginning 10/1/2013.

Believing that the PIPE financing has run it's course, I'm not going to post stuff related that any more. The calculations will still be available if needed though.

09/30/2014: EOD stuff partially copied to the concentrator.
# Trds: 29, MinTrSz: 7, MaxTrSz: 400, Vol: 3708, AvTrSz: 128
Min. Pr: 3.0800, Max Pr: 3.4900, VW Avg. Tr. Pr: 3.3465
# Buys, Shares: 7 1214, VW Avg Buy Pr: 3.3757
# Sells, Shares: 22 2494, VW Avg Sell Pr: 3.3322
# Unkn, Shares: 0 0, VW Avg Unk. Pr: 0.0000
Buy:Sell 1:2.05 (32.74% "buys"), DlyShts 1040 (28.05%), Dly Sht % of 'sells' 41.70%

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 odd-lot trades for certain critical metrics presented to the retail investor. I honor no such prohibition. I can see only self-interested reasons from the financial community justifying such rules.

There were 394 missing FINRA shares which contained 50 short sales, 12.69% of missing. I had updated the trade volume assuming no additional shorts and corrected everything when the final data arrived. I suspected around 75 short shares would appear. There were no exempts reported.There were 394 missing FINRA shares which contained 50 short sales, 12.69% of missing. I had updated the trade volume assuming no additional shorts and corrected everything when the final data arrived. I suspected around 75 short shares would appear. There were no exempts reported.

My newer inflection-point readings flipped from all periods showing less weakening to all but one showing increasing weakening. Yesterday I suggested holding my hurrahs until we're seeing a steadier trend in the readings. Today, I'd let the "boos" fly! Yes, it's still no trend but not being able to get one started seems worthy of catcalls too.

Yesterday I noted the pattern of high volume bringing lower VWAPs, which looked like it had returned, was broken again as we got a +2.64% VWAP improvement with "high" volume. I wondered if it was just because we're in the "flat-to-rising" period or something else. We had seen three of four days with high volume and improved VWAPs.

Today we got low volume and a falling VWAP, down 2.51%. I guess we can't complain (yet) as we did have several good days. I do have concerns though since our normal pattern has been high volume bring falling VWAP and low volume bring improved VWAPs. So for now everything is upside down.

Here's VWAPs from 9/17 forward: $3.8828, $3.8700, $3.6676, $3.5565, $3.5661, $3.5740, $3.6023, $3.3443, $3.4327 and $3.3465.

I noted yesterday the larger trades continued a general decline in most metrics. Today there were none.

Bids began the day less strongly than recently. At the open only a 600 and 400 share bid were seen in the "larger" range. We did see 2K from NITE and 1.95K from CDEL at 10:15 and 10:45 respectively, but that was it for the day. They weren't as aggressive either as ETRF's 500 share bid was the only one bothering to make an improved bid ($3.34) shortly before 15:00. Yesterday CDEL moved several times with improving bids as it attempted to get a fill and finally succeeded at $3.50.

Offers were likewise fairly weak with larger offers being only 500 share offers by ATDF and BKMM at the open. Yesterday we had seen offers at various prices totaling 7.4K by 09:42, including a 4K from BKMM. Today the only notable add to the initial "larger" offers was 460 shares for $3.50 from CDEL at 10:29.

Buy and short percentage both decreased today, and more substantially than yesterday. We saw 32.7% buys vs. 62.9% and daily short of 26.7% vs. 40.62%. This is normal after high-volume days with "high" buy percentages and weakening VWAPs should be expected to continue for a bit.

For the last eight days buy percentage movements to 53.03%, 33.52%, 20.97%, 66.57%, 36.95%, 36.5%, 47.9%, 62.9% and 32.7% were paired with short sales percentage movements to 38.99%, 32.11%, 63.04%, 49.25%, 24.85%, 31.7%, 33.5%, 40.6% and 26.7%.

The "Daily short % of sells" continues a very slow move towards "normal" as we continue to get days with lower averages being obtained. Today dropped another 5 points or so. Here's some monthly averages from back in that period with today's added at the end.

=========================
Then the Mega-C shares entered market? Note the hefty change in both the averages and maximums.
Jun Avg: Avg: 183.48%, min: 5.05%, max: 1607.50%
Jul Avg: 176.07%, min: 7.75%, max: 1273.20%
Aug Avg: 113.91%, min: 0.00%, max: 899.39%
Sep [2014] Avg: 136.70%, min: 02.84%, max: 174.10%
=========================

The EOD paint crew had almost no chance today. The sellers backed off the offer at 15:55, going from $3.40 to $3.49, to take advantage of what would come, and the paint crew got off one buy at 15:58 at $3.49 for 200 shares. Alas, then a sell of 400 shares for $3.41 went off at 15:59:21 and an odd lot 75 share trade at 15:59:25 for $3.40 finished the job. So we closed down 2.85% according to the reporting services ($3.41?).

Today's low, high, VWAP, trade volume, and daily short sales moved -0.65%, -0.85%, -02.51%, -86.62% and -90.76% respectively. Price spread today was 13.31% vs. 13.55%, 12.54%, 9.28%, 7.06%, 2.86%, 11.59%, 6.67%, 5.26% and 19.71% on prior days.

Here's a trading breakdown by arbitrary time-frames.
09:30-09:30: 000200 shrs, 05.39% of vol, VWAP $3.2300, 000.0% buys
09:38-10:03: 000657 shrs, 17.72% of vol, VWAP $3.2977, 000.0% buys
11:07-11:58: 000197 shrs, 05.31% of vol, VWAP $3.2817, 000.0% buys
12:47-14:15: 000840 shrs, 22.65% of vol, VWAP $3.3414, 076.2% buys
14:33-15:22: 000575 shrs, 15.51% of vol, VWAP $3.3428, 000.0% buys
15:46-15:59: 001239 shrs, 33.41% of vol, VWAP $3.4066, 046.3% buys

Here's a trading breakdown by arbitrary price range.
$3.0800-$3.0800: 000007 shrs, 00.19% of vol, VWAP $3.0800, 000.0% buys
$3.2300-$3.2600: 000290 shrs, 07.82% of vol, VWAP $3.2393, 000.0% buys
$3.3000-$3.3707: 002636 shrs, 71.09% of vol, VWAP $3.3349, 038.5% buys
$3.4000-$3.4900: 000775 shrs, 20.90% of vol, VWAP $3.4284, 025.8% buys

Some day-to-day VWAP changes, with the end date shown and the percentage change from the prior day. Buy percentage is the last value on each line.
09/12 $4.1653 +00.75% 38.0%
09/15 $3.8236 -08.20% 35.8%
09/16 $3.7423 -02.13% 17.3%
09/17 $3.8828 +03.75% 58.0%
09/18 $3.8700 -00.33% 53.0%
09/19 $3.6676 -05.23% 33.5%
09/22 $3.5565 -03.03% 21.0%
09/23 $3.5661 +00.27% 66.6% (YIKES!)
09/24 $3.5740 +00.22% 37.0%
09/25 $3.6023 +00.79% 36.5%
09/26 $3.3443 -07.16% 47.9%
09/29 $3.4327 +02.64% 62.9%
09/30 $3.3465 -02.51% 32.7%

There were no larger trades today.

Here's my newer inflection point calculations. Well, here we go again - poor volume and weakening VWAP and buy percentage and daily short percentage spoil out attempts to pull out of the extended swan dive we've been in. The calculations break from trying to establish a better trend to all but one showing increasing weakness. Since we can't use those "hurrahs" we held off on, how about some "boos". What? You ran out a long time ago? I feel ya' man!
_5-day_ 10-day_ _25-day_ _50-day_ _100-day_ _200-day_
-053.25 -0116.18 -0607.95 -1152.94 -02216.45 -06884.73
-038.05 -0076.81 -0524.61 -0993.12 -01838.76 -05596.68
-036.38 -0056.52 -0469.39 -0950.68 -01744.33 -05348.96
-081.95 -0108.06 -0523.35 -1084.21 -01999.32 -06063.94
-166.63 -0219.65 -0526.02 -1181.76 -02064.90 -06146.21
-130.71 -0175.43 -0463.14 -1124.81 -01871.43 -05689.11
-147.57 -0184.47 -0456.53 -1098.54 -01832.69 -05350.69
-184.42 -0217.01 -0472.85 -1043.85 -01725.88 -04862.25
-184.64 -0267.91 -0545.76 -1238.33 -02061.95 -06215.11
-038.82 -0190.97 -0447.09 -1092.23 -01735.47 -05224.48
-064.52 -0194.14 -0435.05 -1125.27 -01848.11 -05560.98

"Dly Sht % of 'sells'" and inflection point changes here are omitted from the concentrator.

On my ORIGINAL inflection point calculations, readings for 5, 10, 25, 50, 100 and 200 day periods:
---- 1-day change ----
09/19 -114.3% -79.5% -03.5% -05.1% -03.9% +01.2%
09/22 -132.2% -138.1% -06.8% -13.6% -07.5% -02.5%
09/23 +20.9% +16.3% +07.5% +01.1% +03.7% +00.9%
09/24 -19.4% -11.8% -03.3% -02.2% -03.2% -00.1%
09/25 -33.8% -27.4% -12.1% -03.8% -03.0% -01.4%
09/26 +19.2% +00.8% +03.4% +00.3% +00.8% +00.5%
09/29 +85.9% +21.2% +09.6% +02.4% +05.2% +01.5%
09/30 -97.0% +06.1% +07.5% +01.0% -01.2% +00.7%
---- 5-day change ----
09/19 -201.5% -124.1% -029.3% -1007.0% -262.1% +040.5%
09/22 -123.4% -619.5% -064.6% -271.3% -257.1% -072.9%
09/23 +028.3% +039.8% +220.6% +006.3% +059.7% +057.6%
09/24 -033.4% -047.3% -066.4% -022.5% -203.1% -081.1%
09/25 -043.7% -054.8% -652.3% -030.7% -059.1% -955.4%
09/26 +044.4% +020.5% +041.1% +021.8% +033.7% -036.7%
09/29 +245.0% +109.0% +166.3% +088.0% +143.4% +156.3%
09/30 -040.7% -154.9% -007.4% -005.5% -131.5% -021.3%
---- 5-day rate of change ----
09/19 +020.9% -1185.4% -016.6% -036.1% +025.8% +076.6%
09/22 -020.2% -066.6% -098.0% -090.8% +031.9% +168.5%
09/23 +013.9% +037.1% +146.3% -004.2% +161.6% -074.7%
09/24 -021.3% -024.7% -096.0% +004.5% -802.1% -4909.6%
09/25 -031.9% -029.1% -10824.5% -025.5% -067.9% -112.2%
09/26 +074.2% +051.1% +036.4% +038.8% +045.9% -038.6%
09/29 +764.9% +215.1% +120.9% +195.0% +254.5% +113.4%
09/30 -034.8% -050.1% -179.7% -008.2% -085.4% -103.3%

On my NEWER inflection point calculations, for those same periods:
---- 1-day change ----
09/19 -125.28% -091.21% -011.50% -014.05% -014.62% -013.37%
09/22 -103.34% -103.26% -000.51% -009.00% -003.28% -001.36%
09/23 +021.56% +020.13% +011.95% +004.82% +009.37% +007.44%
09/24 -012.90% -005.16% +001.43% +002.34% +002.07% +005.95%
09/25 -024.97% -017.64% -003.57% +004.98% +005.83% +009.13%
09/26 -000.12% -023.46% -015.42% -018.63% -019.47% -027.82%
09/29 +078.97% +028.72% +018.08% +011.80% +015.83% +015.94%
09/30 -066.18% -001.66% +002.69% -003.03% -006.49% -006.44%
---- 5-day change ----
09/19 -810.84% -117.01% -060.73% -107.27% -099.01% -090.70%
09/22 -071.56% -484.89% +179.25% +973.13% +11552.83% +1242.55%
09/23 +019.68% +047.54% -004.61% -074.45% -016.37% -030.65%
09/24 -041.39% -081.69% -052.99% -474.85% -098.24% -079.42%
09/25 -035.18% -049.08% -105.07% +011.62% +204.30% +097.85%
09/26 +030.64% +000.40% -548.89% -065.43% -439.39% -131.06%
09/29 +224.46% +117.94% +452.24% +158.09% +626.00% +709.73%
09/30 -048.21% -165.24% -064.42% -100.51% -092.92% -086.10%
---- 5-day rate of change ----
09/19 +011.72% -490.44% -089.38% -103.56% -078.68% -075.00%
09/22 +055.81% +002.09% +2704.20% +8317.57% +1299.30% +978.21%
09/23 -132.51% -005.43% -078.60% -118.52% -089.81% -093.08%
09/24 -034.93% -039.45% -147.87% -130.01% -304.99% -375.07%
09/25 -015.07% -015.91% -231.18% +019.98% +023.26% +039.51%
09/26 +067.24% +048.71% +045.90% +046.89% +080.57% +068.73%
09/29 +582.47% +200.77% +005.07% +085.48% -025.61% -186.97%
09/30 -035.94% -071.37% -060.16% -039.11% -287.06% -033.05%

Rolling 5-day ORIGINAL inflection point calculation aggregate change:
******* ******* *5 Day** *10 Day * * 25Day ** 50 Day **100Day* 200 Day
09/19 5 day -13.337 -4.5947 +8.2760 -7.9204 -5.5426 +21.6045
09/22 5 day -29.8 -33.0574 +2.9316 -29.4094 -19.7899 +5.8534
09/23 5 day -21.379 -19.9106 +9.3987 -27.5621 -7.9822 +9.2240
09/24 5 day -28.53 -29.3356 +3.1599 -33.7665 -24.1901 +1.7444
09/25 5 day -40.997 -45.4210 -17.4512 -44.1261 -38.4837 -14.9218
09/26 5 day -22.789 -36.1260 -10.2756 -34.5081 -25.5256 -20.4002
09/29 5 day +33.044 +3.2440 +6.8126 -4.1409 +11.0768 +11.4893
09/30 5 day +19.598 -1.7810 +6.3055 -4.3668 -3.4876 +9.0385

Average change/day, 5 days
____ **5 Day *10 Day *25 Day *50 Day 100 Day 200 Day
09/19 -004.42 -007.64 -001.49 -003.64 -001.49 -000.34
09/22 -005.31 -012.73 -002.96 -006.95 -001.02 +000.23
09/23 -004.57 -008.01 +001.37 -007.24 +000.63 +000.06
09/24 -005.54 -009.99 +000.05 -006.92 -004.40 -002.86
09/25 -007.31 -012.90 -005.83 -008.68 -007.39 -006.06
09/26 -001.89 -006.31 -003.71 -005.32 -004.00 -008.40
09/29 +012.57 +007.26 +000.78 +005.05 +006.17 +001.13
09/30 +008.20 +003.63 -000.62 +004.64 +000.90 -000.04

Rolling 5-day NEWER inflection point calculation aggregate change:
******* ******* *5 Day** *10 Day * * 25Day ** 50 Day **100Day* 200 Day
09/19 5 day -0056.21 -0019.31 +0054.36 -0012.61 +0003.54 +0128.42
09/22 5 day -0096.44 -0112.94 +0151.81 +0110.08 +0412.54 +1724.05
09/23 5 day -0077.46 -0059.25 +0144.81 +0028.12 +0345.02 +1195.62
09/24 5 day -0109.52 -0107.66 +0068.08 -0105.42 +0006.06 +0246.00
09/25 5 day -0148.04 -0160.50 -0003.45 -0093.17 +0018.45 +0486.70
09/26 5 day -0102.69 -0159.85 -0022.41 -0154.12 -0062.63 -0151.17
09/29 5 day +0127.81 +0028.68 +0078.93 +0089.53 +0329.43 +0921.73
09/30 5 day +0066.19 -0018.71 +0028.08 -0000.46 +0023.32 +0128.13

Average change/day, 5 days
____ **5 Day *10 Day *25 Day *50 Day 100 Day 200 Day
09/19 -0017.79 -0032.84 +0002.98 -0001.90 +0030.37 +0144.04
09/22 -0007.86 -0032.16 +0083.65 +0156.31 +0424.98 +1553.10
09/23 -0018.28 -0033.90 +0017.90 -0028.96 +0043.31 +0107.48
09/24 -0024.66 -0047.28 -0008.57 -0066.60 -0088.78 -0295.65
09/25 -0028.37 -0054.80 -0028.38 -0053.30 -0068.12 -0178.84
09/26 -0009.30 -0028.11 -0015.35 -0028.30 -0013.23 -0055.92
09/29 +0044.85 +0028.32 -0014.58 -0004.11 -0016.62 -0160.46
09/30 +0028.73 +0008.11 -0023.35 -0005.72 -0064.34 -0213.50

Dly Sht % of 'sells' values JIC it turns out to be useful...
============ 2014 ===============
Mon. 06/30 14.06% 35.73% 189.65% 12.10%
Mon. 07/07 49.36% 80.69% 51.65% 0.96% 25.44%
Mon. 07/14 710.00% 96.53% 18.18% 12.08% 148.85%
Mon. 07/21 43.30% 27.77% 115.18% 95.82% 55.57%
Mon. 07/28 32.52% 8.48% 2.38% 0.86% 40.17%
Mon. 08/04 5.34% 38.72% 115.70% 3.27% 62.02%
Mon. 08/11 1.46% 22.26% 0.97% 56.36% 14.46%
Mon. 08/18 27.74% 13.61% 18.18% 13.97% 10.63%
Mon. 08/25 23.02% 5.87% 4.81% 1.43% 20.50%
Tue. 09/02 1,645.83% 12.14% 9.29% 2.84%
Mon. 09/08 135.75% 34.73% 47.14% 40.05% 20.54%
Mon. 09/15 33.71% 20.90% 161.89% 83.01% 49.22%
Mon. 09/22 80.60% 170.47% 39.41% 52.51% 70.33%
Mon. 09/29 109.81% 41.70%

============ 2014 ===============
Apr Avg: 51.85%, min: 10.59%, max: 153.62%
May Avg: 87.09%, min: 05.48%, max: 558.01%
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%

0930 Vol 0003708, Sht 0001040 28.05% LHC 3.0800 3.4900 3.4000 b:s 1:2.05[159]
0929 Vol 0027720, Sht 0011259 40.62% LHC 3.1000 3.5200 3.5100 b:s 1.70:1[158]
0926 Vol 0036161, Sht 0012558 34.73% LHC 3.1101 3.5000 3.5000 b:s 1:1.03[157]
0925 Vol 0049164, Sht 0015592 31.71% LHC 3.4500 3.7700 3.5300 b:s 1:1.66[156]
0924 Vol 0017207, Sht 0004276 24.85% LHC 3.5400 3.7900 3.7600 b:s 1:1.71[155]
0923 Vol 0010700, Sht 0005270 49.25% LHC 3.5000 3.6000 3.5400 b:s 2.35:1[154]
0922 Vol 0046623, Sht 0029393 63.04% LHC 3.4500 3.8500 3.5800 b:s 1:3.73[153]
0919 Vol 0031192, Sht 0010113 32.42% LHC 3.6000 3.8400 3.6500 b:s 1:1.95[152]
0918 Vol 0009025, Sht 0003519 38.99% LHC 3.8000 4.0000 3.8500 b:s 1.13:1[151]
0917 Vol 0008976, Sht 0006200 69.07% LHC 3.5000 4.1900 4.1900 b:s 1.38:1[150]
0916 Vol 0006076, Sht 0001050 17.28% LHC 3.7000 3.8900 3.8900 b:s 1:4.78
0915 Vol 0017749, Sht 0003739 21.07% LHC 3.2500 3.9900 3.9900 b:s 1:1.74
0912 Vol 0003556, Sht 0000546 15.35% LHC 3.8900 4.5000 4.2899 b:s 1:1.63[149]
0911 Vol 0005699, Sht 0001062 18.63% LHC 4.0000 4.3500 4.3500 b:s 1.15:1[148]
0910 Vol 0010386, Sht 0002507 23.14% LHC 4.0000 4.3600 4.3600 b:s 1:1.00[147]
0909 Vol 0020617, Sht 0004192 20.33% LHC 3.5500 5.2500 4.2000 b:s 1:1.43
908 Vol 0001221, Sht 0000300 24.57% LHC 4.5000 5.5000 5.0000 b:s 4.52:1[146]
0905 Vol 0192580, Sht 0003500 01.82% LHC 0.0851 0.0929 0.0900 b:s 1:1.78
0904 Vol 0302890, Sht 0021900 07.23% LHC 0.0851 0.0952 0.0900 b:s 1:3.52
0903 Vol 0301000, Sht 0028000 09.30% LHC 0.0851 0.0989 0.0953 b:s 1:3.53
0902 Vol 0114188, Sht 0098750 86.48% LHC 0.0914 0.0990 0.0950 b:s 9.28:1
0829 Vol 0643209, Sht 0094205 14.65% LHC 0.0830 0.0940 0.0940 b:s 1.11:1
0828 Vol 0884399, Sht 0011999 01.36% LHC 0.0851 0.0912 0.0909 b:s 1:18.65
0827 Vol 0496000, Sht 0017000 03.43% LHC 0.0850 0.0900 0.0897 b:s 1:3.53
0826 Vol 0342069, Sht 0015693 04.59% LHC 0.0860 0.0899 0.0888 b:s 1:4.14
0825 Vol 0765535, Sht 0137750 17.99% LHC 0.0861 0.0910 0.0890 b:s 1:3.60
0822 Vol 0729808, Sht 0048701 06.67% LHC 0.0850 0.0920 0.0898 b:s 1:1.55[145]
0821 Vol 0587450, Sht 0057000 09.70% LHC 0.0850 0.0900 0.0896 b:s 1:2.15[144]
0820 Vol 0503951, Sht 0043680 08.67% LHC 0.0830 0.0940 0.0909 b:s 1.04:1
0819 Vol 0262106, Sht 0022328 08.52% LHC 0.0880 0.0942 0.0925 b:s 1:1.69
0818 Vol 1619708, Sht 0249145 15.38% LHC 0.0860 0.0961 0.0942 b:s 1:1.27
0815 Vol 1458550, Sht 0177450 12.17% LHC 0.0900 0.1079 0.0974 b:s 1:5.42
0814 Vol 0402968, Sht 0205700 51.05% LHC 0.0960 0.1050 0.0998 b:s 1:9.60
0813 Vol 0627170, Sht 0005000 00.80% LHC 0.0960 0.1045 0.0966 b:s 1:4.29[143]
0812 Vol 0213943, Sht 0034130 15.95% LHC 0.0900 0.1097 0.1000 b:s 1:2.17[142]
0811 Vol 0498964, Sht 0005617 01.13% LHC 0.0955 0.1069 0.0991 b:s 1:3.34
0808 Vol 0336537, Sht 0156963 46.64% LHC 0.0905 0.0998 0.0960 b:s 1:3.03
0807 Vol 0260112, Sht 0005000 01.92% LHC 0.0960 0.0998 0.0963 b:s 1:1.57
0806 Vol 0120924, Sht 0048450 40.07% LHC 0.0880 0.0954 0.0940 b:s 1.89:1
0805 Vol 0731659, Sht 0157826 21.57% LHC 0.0851 0.1000 0.0892 b:s 1:1.46[141]
0804 Vol 2122199, Sht 0083000 03.91% LHC 0.0851 0.1100 0.0870 b:s 1:2.86
0801 Vol 1072276, Sht 0174305 16.26% LHC 0.0961 0.1099 0.1000 b:s 1.47:1

[141] There's 10K fewer shares reported on the FINRA data than I have from ETrade Time and Sales panel and ADVFN Trades screen. I double-checked both ADVFN and ETrade Pro time and sales and can not identify the extra 10K. My assumption is it must have been a canceled trade, incorrect reported trade size, or an erroneously double-reported trade. I've adjusted for this by subtracting 5K from both the buys and sells and removed 10K from the total volume.
[142] There was one AH trade for 10K shares that FINRA-reported daily short sales don't include. Adding that to the FINRA trade volume raises it from 213,943 to 223,943 and would lower the short percentage from 15.95% to 15.24%. If the shares are also added to the short sales, the short volume moves from 34,130 to 44,130 and the short percentage would be 19.71%.
[143] There was one AH trade for 10K shares that FINRA-reported daily short sales don't include. Adding that to the FINRA trade volume raises it from 627,170 to 637,170 and would lower the short percentage from 00.80% to 00.78%. If the shares are also added to the short sales, the short volume moves from 5,000 to 15,000 and the short percentage would be 2.35%.
[144] There were two AH trades for 10K shares that FINRA-reported daily short sales don't include. Adding that to the FINRA trade volume raises it from 587,450 to 597,450 and would lower the short percentage from 09.70% to 09.54%. If the shares are also added to the short sales, the short volume moves from 57,000 to 67,000 and the short percentage would be 11.21%.
[145] There was one pre-market trade for 24.5K shares that FINRA-reported daily short sales don't include. Adding that to the FINRA trade volume raises it from 729,808 to 754,308 and would lower the short percentage from 06.67% to 06.46%. If the shares are also added to the short sales, the short volume moves from 48,701 to 73,201 and the short percentage would be 09.70%.
[146] A 50:1 reverse split was done effective with start of trading 9/8/2014. Many folks were not able to trade that day so both trade and short volume shouldn't be taken too seriously ... yet.
[147] FINRA's EOD REG SHO process still doesn't pick up odd lot trades. Today they were 955 shares, 8.81% of actual volume. There's likely a few (~20%?) short sales in those shares. When correct data came in short volume was 2507 and percentage became 23.14%. Short % of additional shares was appx. 20%.
[148] FINRA's EOD REG SHO process still doesn't pick up odd lot trades. Today they were missing 713 shares, 12.51% of actual volume. There's again likely a few (~20%?) short sales in those shares. When correct data appeared I updated appropriate places. The additional shorts were 4.35% of the missing volume.
[149] FINRA's EOD REG SHO still omits odd lot trades. Today they were missing 729 shares, 17.01% of actual volume. There's again likely a few (~20%?) short sales in those shares. When correct data appears I will update appropriate places.
[150] The missing FINRA 197 shares which appeared on the final update contained 92 shorts, 46.7% of the unreported shares. This moved the calculated percentage from 68.05% to 69.07% when short count moved from 6,108 to 6,200. An unusual occurrence today was that exempt shares were reported - 500. Removing these 500 shares drops the reported short volume from 6,200 to 5,500 and the short percentage from 69.075% to 63.5%
[151] FINRA is missing 232 shares which will appear on the final update in the morning. I've added these in and assumed no shorts in there although there's likely to be some small number. When final data appeared there were no additional short sales, so no adjustments were needed.
[152] There were 554 missing FINRA shares which contained 97 short sales shares. I adjusted everything assuming no shorts in there and updated when the final data arrived. When all is factored in, shorts moved from 10.016 to 10,113 and short percentage went from 32.11% to 32.42%.
[153] There were 690 missing FINRA shares which contain 245 short sales shares, 39.94% of the missing volume. I updated everything when the corrected data arrived.
[154] There were 287 missing FINRA shares which contained 110 short sales, 38.33% of the missing shares. I had updated the trade volume assuming no additional shorts and corrected everything else when the final data arrived. There were no exempts reported initially or in the final.
[155] There were 203 missing FINRA shares which may contain short sales. I updated the trade volume assuming no additional shorts and corrected everything else when the final data arrived. 120 of the 203 missing, 59.11%, were short sales. There were no exempts reported.
[156] There were 580 missing FINRA shares which contained 126 short sales, 21.72% of the missing volume. I had updated the trade volume assuming no additional shorts and corrected everything else when the final data arrived. There were no exempts reported.
[157] There were 1,461 missing FINRA shares which contained short 445 sales, 30.46% of the missing volume. I had updated the trade volume assuming no additional shorts and corrected everything else when the final data arrived. This moved shorts from 12,113 to 12,558 and percentage from 33.5% to 34.73%. There were no exempts reported.
[158] There were 1,293 missing FINRA shares which contained short sales. I had updated the trade volume assuming no additional shorts and corrected everything else when the final data arrived. I was suspecting around 300 short shares would appear and the actual was 357, 27.61% of the missing volume. This moved short volume from 10,902 to 11,259 and percentage from 39.33% to 40.62%. There were no exempts reported.
[159] There were 394 missing FINRA shares which contained 50 short sales, 12.69% of missing. I had updated the trade volume assuming no additional shorts and corrected everything when the final data arrived. I suspected around 75 short shares would appear. There were no exempts reported.

09/29/2014: EOD stuff partially copied to the concentrator.
# Trds: 105, MinTrSz: 1, MaxTrSz: 6000, Vol: 27720, AvTrSz: 264
Min. Pr: 3.1000, Max Pr: 3.5200, VW Avg. Tr. Pr: 3.4327
# Buys, Shares: 40 17427, VW Avg Buy Pr: 3.4520
# Sells, Shares: 64 10253, VW Avg Sell Pr: 3.4000
# Unkn, Shares: 1 40, VW Avg Unk. Pr: 3.3960
Buy:Sell 1.70:1 (62.87% "buys"), DlyShts 11259 (40.62), Dly Sht % of 'sells' 109.81%

There were 1,293 missing FINRA shares which contained short sales. I had updated the trade volume assuming no additional shorts and corrected everything else when the final data arrived. I was suspecting around 300 short shares would appear and the actual was 357, 27.61% of the missing volume. This moved short volume from 10,902 to 11,259 and percentage from 39.33% to 40.62%. There were no exempts reported.

Today my newer inflection-point readings flipped from all periods weaker to all less weak. It's not surprising when there's a combination of good volume and rising buy percentage, with other included factors. The only fly in the ointment is we are in the period when we've seen flat-to-rising price behavior. Since the readings have been flopping around I'd hold my hurrahs until we're seeing a steadier trend in the readings.

Volume was again down, -23.34% today, but was still good volume at 27.72K (1.386K pre-split) shares. Our pattern of high volume bringing lower VWAPs, which looked like it had returned yesterday, is broken again as we got a +2.64% VWAP improvement with "high" volume. Is it just because we're in the "flat-to-rising" period or something else? I don't know. But this is three of four days with high volume and improved VWAPs.

Here's VWAPs from 9/16 forward: $3.7423, $3.8828, $3.8700, $3.6676, $3.5565, $3.5661, $3.5740, $3.6023, $3.3443 and $3.4327.

The larger trades continued a general decline in most metrics. Maximum trade size did improve to 6K (one buy for $3.50) after having dropped from 5K to 2K in the two prior days. Larger trades percentage of volume popped back up to 61.03%, thanks to that 6K (300K pre-split equivalent) boomer, from 45.74%. But the VWAP continued dropping, going to $3.3637 after having already moved adversely from $3.6059 to $3.4025. I suspect Tuesday will see fewer larger trades and volume, and maybe VWAP too.

Bids were reasonably strong and active today as we saw larger bids with an aggregate 4K at various prices by 10:58 and another 11K by 12:44, including 6K from CDEL. Thereafter CDEL moved several times with improving bids as it attempted to get a fill and finally succeeded at $3.50.

The offers were pretty stout with larger offers at various prices totaling 7.4K at various prices by 09:42, including a 4K from BKMM. Another 600 was added by ETRF at 11:44 and the ~8K total remained at that level the rest of the day. BKMM dropped the $3.59 initial offer to $3.52 at 13:44.

Buy and short percentage both increased today, and more substantially than yesterday. We saw 62.9% buys vs. 47.9% and daily short of 40.62% vs. 34.73%.

For the last eight days buy percentage movements to 57.97%, 53.03%, 33.52%, 20.97%, 66.57%, 36.95%, 36.5%, 47.9% and 62.9% were paired with short sales percentage movements to 69.07%, 38.99%, 32.11%, 63.04%, 49.25%, 24.85%, 31.7%, 33.5% and 40.6%.

The "Daily short % of sells", which had been looking much like the time when we had the "big uglies", including Mega-C, selling into the market, is continuing a very slow move towards "normal" as we have a couple of days with lower averages being obtained. Today dropped another 1.5 points or so. Here's some monthly averages from back in that period with today's added at the end.

=========================
Then the Mega-C shares entered market? Note the hefty change in both the averages and maximums.
Jun Avg: Avg: 183.48%, min: 5.05%, max: 1607.50%
Jul Avg: 176.07%, min: 7.75%, max: 1273.20%
Aug Avg: 113.91%, min: 0.00%, max: 899.39%
Sep [2014] Avg: 141.45%, min: 02.84%, max: 174.10%
=========================

The EOD paint crew had tougher luck today, managing to move the close only from $3.50 (which was the majority of today's trading BTW) at 15:47 to $3.51, a penny off the day's high.

Today's low, high, VWAP, trade volume, and daily short sales moved -0.32%, 0.57%, 02.64%, -23.34% and -10.34% respectively. Price spread today was 13.55% vs. 12.54%, 9.28%, 7.06%, 2.86%, 11.59%, 6.67%, 5.26%, 19.71% and 5.14% on prior days.

Here's a trading breakdown by arbitrary time-frames.
09:30-09:43: 001216 shrs, 04.39% of vol, VWAP $3.3036, 022.7% buys
09:51-10:41: 001273 shrs, 04.59% of vol, VWAP $3.1760, 026.6% buys
10:49-11:23: 001397 shrs, 05.04% of vol, VWAP $3.1301, 021.5% buys
11:40-11:49: 001188 shrs, 04.29% of vol, VWAP $3.2005, 084.2% buys
11:53-12:22: 013275 shrs, 47.89% of vol, VWAP $3.4747, 089.0% buys
12:26-13:07: 001986 shrs, 07.16% of vol, VWAP $3.4967, 094.4% buys
13:35-14:05: 001762 shrs, 06.36% of vol, VWAP $3.4985, 065.4% buys
15:23-15:47: 005273 shrs, 19.02% of vol, VWAP $3.5000, 007.6% buys
15:50-15:50: 000350 shrs, 01.26% of vol, VWAP $3.5079, 078.6% buys

Here's a trading breakdown by arbitrary price range.
$3.1000-$3.1000: 000095 shrs, 00.34% of vol, VWAP $3.1000, 000.0% buys
$3.1200-$3.1600: 002420 shrs, 08.73% of vol, VWAP $3.1447, 015.8% buys
$3.2000-$3.2600: 001723 shrs, 06.22% of vol, VWAP $3.2137, 084.4% buys
$3.3000-$3.3960: 002650 shrs, 09.56% of vol, VWAP $3.3162, 064.2% buys
$3.4000-$3.4900: 001812 shrs, 06.54% of vol, VWAP $3.4592, 061.0% buys
$3.5000-$3.5200: 019020 shrs, 68.61% of vol, VWAP $3.5045, 067.2% buys

Some day-to-day VWAP changes, with the end date shown and the percentage change from the prior day. Buy percentage is the last value on each line.
09/11 $4.1345 +00.32% 53.5%
09/12 $4.1653 +00.75% 38.0%
09/15 $3.8236 -08.20% 35.8%
09/16 $3.7423 -02.13% 17.3%
09/17 $3.8828 +03.75% 58.0%
09/18 $3.8700 -00.33% 53.0%
09/19 $3.6676 -05.23% 33.5%
09/22 $3.5565 -03.03% 21.0%
09/23 $3.5661 +00.27% 66.6% (YIKES!)
09/24 $3.5740 +00.22% 37.0%
09/25 $3.6023 +00.79% 36.5%
09/26 $3.3443 -07.16% 47.9%
09/29 $3.4327 +02.64% 62.9%

The larger trade metrics were affected by a single 6K buy for $3.50.

The larger trades (>= 500) occurred on 15 of the 105 trades, 14.29%. These 16,917 shares were 61.03% of day's volume, and traded at a VWAP of $3.4767. 9 of the larger trades, 60.00%, were buys of 13,005 shares, 76.88% of the larger trades volume, and traded at a VWAP of $3.4839. 6 of the larger trades, 40.00%, were sells of 3,912 shares, 23.12% of the larger trades volume, and traded at a VWAP of $3.4530.

The other 90 trades, 85.71% of the day's trades, traded 10,803 shares, 38.97% of the days volume. The VWAP was $3.3637. 31 trades, 34.44%, were buys and accounted for 4,422 shares, 40.93% of the smaller trade volume, and traded at a VWAP of $3.3583. 58 trades, 64.44%, were sells and accounted for 6,341 shares, 58.70% of the smaller trade volume, and traded at a VWAP of $3.3673. 1 trade, 1.11%, was an unknown and accounted for 40 shares, 0.37% of the smaller trade volume, and traded at a VWAP of $3.3960.

Here's my newer inflection point calculations. Today was a nice change from yesterday's VWAP drop 7.16% and the VWAP and buy percentages were both up nicely. So we get a nice change from yesterday's and all six periods showing decreasing weakness on decent volume. Today on decent volume (pre-split equivalent of 1,386,000) all the periods showed a reduction in the weakness. Not really big numbers, but it's better than a swift kick.
_5-day_ 10-day_ _25-day_ _50-day_ _100-day_ _200-day_
-070.20 -0106.71 -0677.83 -1291.84 -02477.44 -07870.26
-053.25 -0116.18 -0607.95 -1152.94 -02216.45 -06884.73
-038.05 -0076.81 -0524.61 -0993.12 -01838.76 -05596.68
-036.38 -0056.52 -0469.39 -0950.68 -01744.33 -05348.96
-081.95 -0108.06 -0523.35 -1084.21 -01999.32 -06063.94
-166.63 -0219.65 -0526.02 -1181.76 -02064.90 -06146.21
-130.71 -0175.43 -0463.14 -1124.81 -01871.43 -05689.11
-147.57 -0184.47 -0456.53 -1098.54 -01832.69 -05350.69
-184.42 -0217.01 -0472.85 -1043.85 -01725.88 -04862.25
-184.64 -0267.91 -0545.76 -1238.33 -02061.95 -06215.11
-038.82 -0190.97 -0447.09 -1092.23 -01735.47 -05224.48

"Dly Sht % of 'sells'" and inflection point changes here are in the latest daily post above.

09/26/2014: EOD stuff partially copied to the concentrator.
# Trds: 204, MinTrSz: 1, MaxTrSz: 2000, Vol: 36161, AvTrSz: 177
Min. Pr: 3.1101, Max Pr: 3.5000, VW Avg. Tr. Pr: 3.3443
# Buys, Shares: 59 17305, VW Avg Buy Pr: 3.3643
# Sells, Shares: 140 17856, VW Avg Sell Pr: 3.3312
# Unkn, Shares: 5 1000, VW Avg Unk. Pr: 3.2310
Buy:Sell 1:1.03 (47.86% "buys"), DlyShts 12558 (34.73%), Dly Sht % of 'sells' 70.33%

Everything related daily short sales is subject to (substantial?) revision because FINRA data is missing 1,461 shares of volume, which will be corrected Monday morning. Additional short sales counts in triple digits (500ish?) would not be surprising.

Yesterday, while touching on my newer inflection-point readings, I said "We're mixed on the one-day change, but overall the last four days suggest less weakening of the indications. HOWEVER, the three short periods today are showing less robustness - something to give one pause". Considering the volume, maybe I shouldn't have suggested a pause - VWAP dropped -7.16% today. One of these days I have to start having more confidence in these things. Today, with decent volume, all six periods are showing increasing weakness.

Well, looks like things are back to normal. Today volume was down 26.45% but was still high volume at 36.16K (1,808,050 pre-split shares). I had noted yesterday that our pattern was broken because we had two consecutive high-volume days and price did not tank. In fact VWAP was up 00.79% after the prior day's +0.22% gain.

Today VWAP is down -07.16% - back to normal. Here's VWAPs from 9/15 forward: $3.8236, $3.7423, $3.8828, $3.8700, $3.6676, $3.5565, $3.5661, $3.5740, $3.6023 and $3.3443.

The larger trades, yesterday accounting for 81.10% of a high-volume day, were today down in all of percentage of trading volume, maximum size and VWAP. The maximum trade size dropped from 5K to 2K, the larger trades percentage of volume dropped to 45.74% and the VWAP dropped from $3.6059 to $3.4025 (-5.64%).

In contrast to yesterday's strength in bids, and less strength in offers, today had only about 3.5K in aggregate "larger" bids in place through ten o'clock. Offers had 2.2K in aggregate in larger offers. Price points of both the bids and offers were generally lower than yesterday. We didn't see larger bids or offers generally appearing as the day progressed like we did yesterday.

Buy and short percentage both increased today, but nothing substantial.

For the last eight days buy percentage movements to 17.30%, 57.97%, 53.03%, 33.52%, 20.97%, 66.57%, 36.95%, 36.5% and 47.9% were paired with short sales percentage movements to 17.28%, 69.07%, 38.99%, 32.11%, 63.04%, 49.25%, 24.85%, 31.7% and 33.5%.

The "Daily short % of sells", which had been looking much like the time when we had the "big uglies", including Mega-C, selling into the market, is continuing a slow move towards "normal" as we have a couple of days with lower averages being obtained. Today dropped another 5 points or so. Here's some monthly averages from back in that period with today's added at the end.

=========================
Then the Mega-C shares entered market? Note the hefty change in both the averages and maximums.
Jun Avg: Avg: 183.48%, min: 5.05%, max: 1607.50%
Jul Avg: 176.07%, min: 7.75%, max: 1273.20%
Aug Avg: 113.91%, min: 0.00%, max: 899.39%
Sep [2014] Avg: 143.11%, min: 02.84%, max: 174.10%
=========================

The EOD paint crew had better luck today, managing to move the close from $3.27 at 15:57 to $3.50, the day's high.

There were 1,461 missing FINRA shares which may contain short sales. I have updated the trade volume assuming no additional shorts and will correct everything else when the final data arrives. There were no exempts reported.

Today's low, high, VWAP, trade volume, and daily short sales moved -9.85%, -7.16%, -07.16%, -26.45% and -19.46% respectively. Price spread today was 12.54% vs. 9.28%, 7.06%, 2.86%, 11.59%, 6.67%, 5.26%, 19.71%, 5.14% and 22.77% on prior days.

Here's a trading breakdown by arbitrary time-frames.
09:30-09:42: 001315 shrs, 03.64% of vol, VWAP $3.4961, 068.4% buys
09:59-10:34: 001328 shrs, 03.67% of vol, VWAP $3.4470, 084.9% buys
10:44-11:15: 004700 shrs, 13.00% of vol, VWAP $3.4586, 002.2% buys
11:16-11:25: 011243 shrs, 31.09% of vol, VWAP $3.4073, 066.2% buys
11:26-12:01: 004380 shrs, 12.11% of vol, VWAP $3.3290, 053.0% buys
12:07-12:11: 002107 shrs, 05.83% of vol, VWAP $3.2748, 023.7% buys
12:12-12:32: 001648 shrs, 04.56% of vol, VWAP $3.1313, 014.3% buys
12:36-12:58: 002087 shrs, 05.77% of vol, VWAP $3.2303, 032.8% buys
13:09-13:32: 002601 shrs, 07.19% of vol, VWAP $3.2204, 030.8% buys
13:43-14:50: 000968 shrs, 02.68% of vol, VWAP $3.2202, 055.4% buys
15:00-15:57: 003254 shrs, 09.00% of vol, VWAP $3.2276, 068.4% buys
15:58-15:59: 000530 shrs, 01.47% of vol, VWAP $3.4217, 081.1% buys

Here's a trading breakdown by arbitrary price range.
$3.1101-$3.1820: 002781 shrs, 07.69% of vol, VWAP $3.1456, 008.5% buys
$3.2000-$3.2900: 009857 shrs, 27.26% of vol, VWAP $3.2379, 049.4% buys
$3.3000-$3.3800: 004637 shrs, 12.82% of vol, VWAP $3.3381, 050.2% buys
$3.4000-$3.4900: 017786 shrs, 49.19% of vol, VWAP $3.4262, 049.3% buys
$3.5000-$3.5000: 001100 shrs, 03.04% of vol, VWAP $3.5000, 100.0% buys

Some day-to-day VWAP changes, with the end date shown and the percentage change from the prior day. Buy percentage is the last value on each line.
09/10 $4.1214 -01.09% 50.9%
09/11 $4.1345 +00.32% 53.5%
09/12 $4.1653 +00.75% 38.0%
09/15 $3.8236 -08.20% 35.8%
09/16 $3.7423 -02.13% 17.3%
09/17 $3.8828 +03.75% 58.0%
09/18 $3.8700 -00.33% 53.0%
09/19 $3.6676 -05.23% 33.5%
09/22 $3.5565 -03.03% 21.0%
09/23 $3.5661 +00.27% 66.6% (YIKES!)
09/24 $3.5740 +00.22% 37.0%
09/25 $3.6023 +00.79% 36.5%
09/26 $3.3443 -07.16% 47.9%

The larger trades (>= 500) occurred on 15 of the 204 trades, 7.35%. These 16,540 shares were 45.74% of day's volume, and traded at a VWAP of $3.4025. 7 of the larger trades, 46.67%, were buys of 10,600 shares, 64.09% of the larger trades volume, and traded at a VWAP of $3.4003. 7 of the larger trades, 46.67%, were sells of 5,240 shares, 31.68% of the larger trades volume, and traded at a VWAP of $3.4313. 1 of the larger trades, 6.67%, was a sell of 700 shares, 4.23% of the larger trades volume, and traded at a VWAP of $3.2200.

The other 189 trades, 92.65% of the day's trades, traded 19,621 shares, 54.26% of the days volume. The VWAP was $3.2952. 52 trades, 27.51%, were buys and accounted for 6,705 shares, 34.17% of the smaller trade volume, and traded at a VWAP of $3.3074. 133 trades, 70.37%, were sells and accounted for 12,616 shares, 64.30% of the smaller trade volume, and traded at a VWAP of $3.2896. 4 trades, 2.12%, were unknowns and accounted for 300 shares, 1.53% of the smaller trade volume, and traded at a VWAP of $3.2567.

Here's my newer inflection point calculations. Yesterday we were mixed on the one-day change, but overall the last four days suggested less weakening of the indications. However, I noted the three short periods were showing less robustness and it was something to give one pause. Pause over! VWAP dropped today and all six periods are showing increasing weakness on decent volume.
_5-day_ 10-day_ _25-day_ _50-day_ _100-day_ _200-day_
-023.10 -0084.08 -0559.43 -1031.52 -01916.57 -05862.53
-070.20 -0106.71 -0677.83 -1291.84 -02477.44 -07870.26
-053.25 -0116.18 -0607.95 -1152.94 -02216.45 -06884.73
-038.05 -0076.81 -0524.61 -0993.12 -01838.76 -05596.68
-036.38 -0056.52 -0469.39 -0950.68 -01744.33 -05348.96
-081.95 -0108.06 -0523.35 -1084.21 -01999.32 -06063.94
-166.63 -0219.65 -0526.02 -1181.76 -02064.90 -06146.21
-130.71 -0175.43 -0463.14 -1124.81 -01871.43 -05689.11
-147.57 -0184.47 -0456.53 -1098.54 -01832.69 -05350.69
-184.42 -0217.01 -0472.85 -1043.85 -01725.88 -04862.25
-184.64 -0267.91 -0545.76 -1238.33 -02061.95 -06215.11

"Dly Sht % of 'sells'" and inflection point changes here are in the latest daily post above.

09/25/2014: EOD stuff partially copied to the concentrator.
# Trds: 109, MinTrSz: 1, MaxTrSz: 5000, Vol: 49164, AvTrSz: 451
Min. Pr: 3.4500, Max Pr: 3.7700, VW Avg. Tr. Pr: 3.6023
# Buys, Shares: 35 17928, VW Avg Buy Pr: 3.6295
# Sells, Shares: 73 29696, VW Avg Sell Pr: 3.5794
# Unkn, Shares: 1 1540, VW Avg Unk. Pr: 3.7278
Buy:Sell 1:1.66 (36.47% "buys"), DlyShts 15592 (31.71%), Dly Sht % of 'sells' 52.51%

The most noteworthy trait of the day has to be the larger trades, accounting for 81.10% of a high-volume day. This had a big effect on average trade size, seen on the charts, buy:sell ratio (59.64% of volume sells with only 36.49% buys), and VWAP. Note the largest trade was equivalent to 250K pre-split shares.

Amazing! Volume was up 185.72% (46.16K, equivalent pre-split to 2,458,200) after yesterday's 60.81% and VWAP did not tank! We gained another 00.79% after yesterday's +0.22% gain. Here's VWAPs from 9/12 forward: $4.1653, $3.8236, $3.7423, $3.8828, $3.8700, $3.6676, $3.5565, $3.5661, $3.5740 and $3.6023.

I would be tempted to say the "flat to slightly improved first and last weeks of the month" pattern remains in force, if not for the pending exogenous events that must be having some influence.

Today's bids started strong with $3.53 x 500 from CDEL, $3.52 x 962 from ATDF at the open and at 9:35 $3.54 x 880 from ATDF was added. This strength continued throughout the day as $3.56 x 618 from ATDF was added at 11:41, $3.55 x 1K from CDEL appeared at 12:43, 14:04 saw $3.40 x 3K from CDEL, and 15:53 gave us a $3.51 x 2.3K from CDEL.

At the same time, offers started a bit less strongly with opening offers of note only being $3.80 x 600 from ATDF and $4.00 x 500 BKMM (a relatively new participant). At 9:35 CDEL added a $3.69 x 600 offer. However, as the day progressed, more entries appeared that suggested some large desire to exit. At 9:52 a $3.70 x 416 offer from ATDF, at 11:33 an offer of $3.65 x x2.5K from CDEL, ATDF moved their 600K to $3.56 at 11:41, and CDEL moved their offer to $3.59 at 12:28. A couple of "cappers" appeared when 13:59 brought a $3.55 x 4.9K offer from NITE and $3.53 x 600 from ETRF appeared at 14:11. Finally, CDEL moved its offer, shrunk to 2.3K, to $3.51 at 15:53.

Short percentage rose from 24.85% to 31.71% today as buy percentage moved from 36.95% to 36.47. With such a small move in buy percentage I can't really say the directional disparity is significant (especially with two days of strong volume). Today had 46.16K (equivalent pre-split 2,458,200) qualifying as a high-volume day following a prior high-volume day (17.21K). The 10, 25, 50 and 100-day averages, in thousands, are 20.10, 13.89, 13.84 and 10.17 respectively. One thing to keep in mind is that high volume days often result in falling short percentages a day or two later. With so few occurrences of consecutive high-volume days recently I don't know if this still holds.

For the last seven days buy percentage movements to 17.30%, 57.97%, 53.03%, 33.52%, 20.97%, 66.57%, 36.95% and 0.365 were paired with short sales percentage movements to 17.28%, 69.07%, 38.99%, 32.11%, 63.04%, 49.25%, 24.85% and 0.317.

The "Daily short % of sells", looking much like the time when we had the "big uglies", including Mega-C, selling into the market, seems to have begun a slow move towards "normal" as we have a couple of days with lower averages being obtained. Today dropped another 4.5 points or so. Here's some monthly averages from back in that period with today's added at the end.

=========================
Then the Mega-C shares entered market? Note the hefty change in both the averages and maximums.
Jun Avg: Avg: 183.48%, min: 5.05%, max: 1607.50%
Jul Avg: 176.07%, min: 7.75%, max: 1273.20%
Aug Avg: 113.91%, min: 0.00%, max: 899.39%
Sep [2014] Avg: 147.16%, min: 02.84%, max: 174.10%
=========================

Again the EOD paint crew couldn't do much as the sellers again seem to be not disposed to backing the offers up to take advantage of the well-known behavior. The last three trades were one buy followed buy two sells, all at $3.53. That was two pennies above the prior nine trades though. I'm wondering if the lack of offer increases near EOD is a sign that "getting out" is more important than "getting up" (hold the wise cracks! :-)) to the sellers.

There were 580 missing FINRA shares which contained 126 short sales, 21.72% of the missing volume. I had updated the trade volume assuming no additional shorts and corrected everything else when the final data arrived. There were no exempts reported.

Today's low, high, VWAP, trade volume, and daily short sales moved -2.54%, -0.53%, 00.79%, 185.72% and 264.64% respectively. Price spread today was 9.28% vs. 7.06%, 2.86%, 11.59%, 6.67%, 5.26%, 19.71%, 5.14%, 22.77% and 15.68% on prior days.

Here's a trading breakdown by arbitrary time-frames.
09:30-09:44: 005033 shrs, 10.24% of vol, VWAP $3.7017, 047.5% buys
09:51-10:35: 002627 shrs, 05.34% of vol, VWAP $3.7339, 096.2% buys
10:46-11:23: 000600 shrs, 01.22% of vol, VWAP $3.7150, 050.0% buys
11:24-11:32: 002990 shrs, 06.08% of vol, VWAP $3.7046, 040.5% buys
11:33-12:35: 009792 shrs, 19.92% of vol, VWAP $3.6378, 027.9% buys
12:39-13:33: 004352 shrs, 08.85% of vol, VWAP $3.5809, 078.1% buys
13:36-13:57: 012970 shrs, 26.38% of vol, VWAP $3.5602, 001.3% buys
13:59-14:09: 005690 shrs, 11.57% of vol, VWAP $3.5326, 077.3% buys
14:27-15:46: 001988 shrs, 04.04% of vol, VWAP $3.4711, 015.1% buys
15:47-15:57: 002040 shrs, 04.15% of vol, VWAP $3.5076, 019.6% buys
15:59-15:59: 001082 shrs, 02.20% of vol, VWAP $3.5300, 009.2% buys

Here's a trading breakdown by arbitrary price range.
$3.4500-$3.4900: 001728 shrs, 03.51% of vol, VWAP $3.4666, 000.0% buys
$3.5000-$3.5400: 008863 shrs, 18.03% of vol, VWAP $3.5251, 055.2% buys
$3.5500-$3.5900: 019054 shrs, 38.76% of vol, VWAP $3.5660, 023.3% buys
$3.6000-$3.6400: 004200 shrs, 08.54% of vol, VWAP $3.6152, 004.8% buys
$3.6500-$3.6900: 005150 shrs, 10.48% of vol, VWAP $3.6730, 024.7% buys
$3.7000-$3.7400: 008479 shrs, 17.25% of vol, VWAP $3.7131, 064.1% buys
$3.7500-$3.7700: 001690 shrs, 03.44% of vol, VWAP $3.7509, 100.0% buys

Some day-to-day VWAP changes, with the end date shown and the percentage change from the prior day. Buy percentage is the last value on each line.
09/09 $4.1670 -20.16% 41.0%
09/10 $4.1214 -01.09% 50.9%
09/11 $4.1345 +00.32% 53.5%
09/12 $4.1653 +00.75% 38.0%
09/15 $3.8236 -08.20% 35.8%
09/16 $3.7423 -02.13% 17.3%
09/17 $3.8828 +03.75% 58.0%
09/18 $3.8700 -00.33% 53.0%
09/19 $3.6676 -05.23% 33.5%
09/22 $3.5565 -03.03% 21.0%
09/23 $3.5661 +00.27% 66.6% (YIKES!)
09/24 $3.5740 +00.22% 37.0%
09/25 $3.6023 +00.79% 36.5%

The larger trades (>= 500) occurred on 28 of the 109 trades, 25.69%. These 39,874 shares were 81.10% of day's volume, and traded at a VWAP of $3.6059. 11 of the larger trades, 39.29%, were buys of 14,552 shares, 36.49% of the larger trades volume, and traded at a VWAP of $3.6300. 16 of the larger trades, 57.14%, were sells of 23,782 shares, 59.64% of the larger trades volume, and traded at a VWAP of $3.5832. 1 of the larger trades, 3.57%, was a sell of 1,540 shares, 3.86% of the larger trades volume, and traded at a VWAP of $3.7278.

The other 81 trades, 74.31% of the day's trades, traded 9,290 shares, 18.90% of the days volume. The VWAP was $3.5869. 24 trades, 29.63%, were buys and accounted for 3,376 shares, 36.34% of the smaller trade volume, and traded at a VWAP of $3.6270. 57 trades, 70.37%, were sells and accounted for 5,914 shares, 63.66% of the smaller trade volume, and traded at a VWAP of $3.5640.

Here's my newer inflection point calculations. For the fourth day "... volume assigns some weight" to the readings. We're mixed on the one-day change, but overall the last four days suggest less weakening of the indications. HOWEVER, the three short periods today are showing less robustness - something to give one pause.
_5-day_ 10-day_ _25-day_ _50-day_ _100-day_ _200-day_
-027.52 -0164.20 -0588.90 -1082.89 -02013.00 -06390.46
-023.10 -0084.08 -0559.43 -1031.52 -01916.57 -05862.53
-070.20 -0106.71 -0677.83 -1291.84 -02477.44 -07870.26
-053.25 -0116.18 -0607.95 -1152.94 -02216.45 -06884.73
-038.05 -0076.81 -0524.61 -0993.12 -01838.76 -05596.68
-036.38 -0056.52 -0469.39 -0950.68 -01744.33 -05348.96
-081.95 -0108.06 -0523.35 -1084.21 -01999.32 -06063.94
-166.63 -0219.65 -0526.02 -1181.76 -02064.90 -06146.21
-130.71 -0175.43 -0463.14 -1124.81 -01871.43 -05689.11
-147.57 -0184.47 -0456.53 -1098.54 -01832.69 -05350.69
-184.42 -0217.01 -0472.85 -1043.85 -01725.88 -04862.25

"Dly Sht % of 'sells'" and inflection point changes here are in the latest daily post above.

09/24/2014: EOD stuff partially copied to the concentrator.
# Trds: 33, MinTrSz: 23, MaxTrSz: 7376, Vol: 17207, AvTrSz: 521
Min. Pr: 3.5400, Max Pr: 3.7900, VW Avg. Tr. Pr: 3.5740
# Buys, Shares: 26 6358, VW Avg Buy Pr: 3.6298
# Sells, Shares: 7 10849, VW Avg Sell Pr: 3.5414
# Unkn, Shares: 0 0, VW Avg Unk. Pr: 0.0000
Buy:Sell 1:1.71 (36.95% "buys"), DlyShts 4276 (24.85%), Dly Sht % of 'sells' 39.41%

With volume up, 60.81% vs. yesterday's down -77.05%, we were still able to see a VWAP improvement of 00.22% vs. yesterdays 00.27%. I suspect the improvement was due to the intransigence displayed by the bids and asks being "locked" from the open with a $3.54/$3.55 bid/ask (a 0.28% spread) until 14:43. Here's VWAPs from 9/11 forward: $4.1345, $4.1653, $3.8236, $3.7423, $3.8828, $3.8700, $3.6676, $3.5565, $3.5661 and $3.5740.

What caused the "lock" were bids totaling 15.9K at $3.54 at the open coupled with offers totaling 3.2K at $3.55. Another 800 was added to the bid at 12:01. When the offers at that price were finally exhausted at 13:59, we saw the usual maneuvering begin with offers moving to $3.62, $3.78 and finally capped by a 14.9K offer at $3.80 from NITE at 14:46. The bid went to $3.67 at 14:53 and stayed essentially right there for the rest of the day.

Short percentage dropped from 49.25% to 24.85% today as buy percentage moved from 66.57% to 36.95%. Today's 17.21K (equivalent pre-split 860,350) volume qualifies as a high-volume day following a high-volume day, exceeding the 10, 25, 50 and 100-day averages, in thousands, of 15.75, 12.33, 13.04 and 9.74 respectively. I'm beginning to think that the correlation is is still there, but only when volumes are somewhat reasonable. For the last six days buy percentage movements to 17.30%, 57.97%, 53.03%, 33.52%, 20.97%, 66.57% and 36.95% were paired with short sales percentage movements to 17.28%, 69.07%, 38.99%, 32.11%, 63.04%, 49.25% and 24.85%.

The "Daily short % of sells", looking much like the time when we had the "big uglies", including Mega-C, selling into the market, seems to have begun a slow move towards "normal" as we have a couple of days with lower averages being obtained. Today dropped another seven points or so. Here's some monthly averages from back in that period with today's, increased from yesterday's reading another 0.96% by today's 174.10%, added at the end.

=========================
Then the Mega-C shares entered market? Note the hefty change in both the averages and maximums.
Jun Avg: Avg: 183.48%, min: 5.05%, max: 1607.50%
Jul Avg: 176.07%, min: 7.75%, max: 1273.20%
Aug Avg: 113.91%, min: 0.00%, max: 899.39%
Sep [2014] Avg: 152.72%, min: 02.84%, max: 174.10%
=========================

The EOD paint crew couldn't do much today as the last two trades at $3.76 (200 and 100 shares) in the last three minutes were below the $3.77 seen at 15:29. For some reason the sellers seem to be not disposed backing the offers up to take advantage of the easily recognized and likely well-known behavior.

There were 203 missing FINRA shares which contained short sales. I updated the trade volume assuming no additional shorts and corrected everything else when the final data arrived. 120 of the 203 missing, 59.11%, were short sales. There were no exempts reported.

Today's low, high, VWAP, trade volume, and daily short sales moved 1.14%, 5.28%, 00.22%, 60.81% and -18.86% respectively. Price spread today was 7.06% vs. 2.86%, 11.59%, 6.67%, 5.26%, 19.71%, 5.14%, 22.77%, 15.68% and 8.75% on prior days.

Here's a trading breakdown by arbitrary time-frames.
09:30-13:59: 005811 shrs, 33.77% of vol, VWAP $3.5466, 066.0% buys
14:43-14:46: 010176 shrs, 59.14% of vol, VWAP $3.5659, 012.8% buys
14:53-15:11: 000765 shrs, 04.45% of vol, VWAP $3.7778, 100.0% buys
15:28-15:59: 000455 shrs, 02.64% of vol, VWAP $3.7634, 100.0% buys

Here's a trading breakdown by arbitrary price range.
$3.5400-$3.5500: 014787 shrs, 85.94% of vol, VWAP $3.5437, 026.6% buys
$3.6200-$3.6200: 000252 shrs, 01.46% of vol, VWAP $3.6200, 100.0% buys
$3.7500-$3.7700: 000820 shrs, 04.77% of vol, VWAP $3.7639, 100.0% buys
$3.7800-$3.7900: 001348 shrs, 07.83% of vol, VWAP $3.7830, 100.0% buys

Some day-to-day VWAP changes, with the end date shown and the percentage change from the prior day. Buy percentage is the last value on each line.
09/08 $5.2195 +18.27% 81.9%
09/09 $4.1670 -20.16% 41.0%
09/10 $4.1214 -01.09% 50.9%
09/11 $4.1345 +00.32% 53.5%
09/12 $4.1653 +00.75% 38.0%
09/15 $3.8236 -08.20% 35.8%
09/16 $3.7423 -02.13% 17.3%
09/17 $3.8828 +03.75% 58.0%
09/18 $3.8700 -00.33% 53.0%
09/19 $3.6676 -05.23% 33.5%
09/22 $3.5565 -03.03% 21.0%
09/23 $3.5661 +00.27% 66.6% (YIKES!)
09/24 $3.5740 +00.22% 37.0%

The larger trades (>= 500) occurred on 8 of the 33 trades, 24.24%. These 13,065 shares were 75.93% of day's volume, and traded at a VWAP of $3.5520. 3 of the larger trades, 37.50%, were buys of 2,658 shares, 20.34% of the larger trades volume, and traded at a VWAP of $3.5933. 5 of the larger trades, 62.50%, were sells of 10,407 shares, 79.66% of the larger trades volume, and traded at a VWAP of $3.5414.

The other 25 trades, 75.76% of the day's trades, traded 4,142 shares, 24.07% of the days volume. The VWAP was $3.6436. 23 trades, 92.00%, were buys and accounted for 3,700 shares, 89.33% of the smaller trade volume, and traded at a VWAP of $3.6560. 2 trades, 8.00%, were sells and accounted for 442 shares, 10.67% of the smaller trade volume, and traded at a VWAP of $3.5400.

Here's my newer inflection point calculations. For the third day "... volume assigns some weight" to the readings. We're mixed on the one-day change, but overall the last three days suggest less weakening of the indications.
_5-day_ 10-day_ _25-day_ _50-day_ _100-day_ _200-day_
-049.06 -0198.39 -0611.84 -1167.34 -02170.75 -06879.01
-027.52 -0164.20 -0588.90 -1082.89 -02013.00 -06390.46
-023.10 -0084.08 -0559.43 -1031.52 -01916.57 -05862.53
-070.20 -0106.71 -0677.83 -1291.84 -02477.44 -07870.26
-053.25 -0116.18 -0607.95 -1152.94 -02216.45 -06884.73
-038.05 -0076.81 -0524.61 -0993.12 -01838.76 -05596.68
-036.38 -0056.52 -0469.39 -0950.68 -01744.33 -05348.96
-081.95 -0108.06 -0523.35 -1084.21 -01999.32 -06063.94
-166.63 -0219.65 -0526.02 -1181.76 -02064.90 -06146.21
-130.71 -0175.43 -0463.14 -1124.81 -01871.43 -05689.11
-147.57 -0184.47 -0456.53 -1098.54 -01832.69 -05350.69

"Dly Sht % of 'sells'" and inflection point changes here are in the latest daily post above.

09/23/2014: EOD stuff partially copied to the concentrator.
# Trds: 39, MinTrSz: 17, MaxTrSz: 2000, Vol: 10700, AvTrSz: 274
Min. Pr: 3.5000, Max Pr: 3.6000, VW Avg. Tr. Pr: 3.5661
# Buys, Shares: 23 7123, VW Avg Buy Pr: 3.5762
# Sells, Shares: 15 3027, VW Avg Sell Pr: 3.5396
# Unkn, Shares: 1 550, VW Avg Unk. Pr: 3.5800
Buy:Sell 2.35:1 (66.57% "buys"), DlyShts 5270 (49.25%), Dly Sht % of 'sells' 174.10%

With volume down -77.05% we were able to see some VWAP improvement of 00.27%. YIPPEE! Well, at least it's better than yesterday's -03.03%! Here's VWAPs from 9/10 forward: $4.1214, $4.1345, $4.1653, $3.8236, $3.7423, $3.8828, $3.8700, $3.6676, $3.5565 and $3.5661.

I was afraid we'd see weakness again today when at 09:31 4K at $3.60 was offered by ATDF. But only one "larger" offer appeared later, $3.55 x 800 from NITE at 11:10, and the ATDF 4K offer disappeared by 13:05. Also helping were some decent bids that showed up right away: 09:31 $3.30 x 500 from CDEL, 09:34 $3.59 x 740 from CDEL and 2.5K from NITE. CDEL helped out again at 15:49 with a $3.52 x 1.9K bid.

Today continued the break in the directional correlation between buy and daily short percentage. However today was a low-volume day following a high-volume day, when we often see a divergence for a day or so. So I'm still in wait mode to see if the correlation is really gone or not. For the last five days buy percentage movements to 17.30%, 57.97%, 53.03%, 33.52%, 20.97% and 66.57% were paired with short sales percentage movements to 17.28%, 69.07%, 38.99%, 32.11%, 63.04% and 49.25%.

An understanding about why this happens, mechanically, emerges when looking at "Daily short % of sells". Our normal pattern is apparently an effect of MMs patiently waiting for folks to hit the offer, which generated a short sale, and then either the shares backing the offer flowed in later or the MM covered later at a lower price ("sell high and then buy low"). What we have now is the short sale being generated as before plus one or more entities hitting the bid selling shares not under their control. This might be an artifact of the back-office processes John suggested. There is also a possibility that the new reverse-split pricing made "real" shorting attractive to someone. Some help in knowing which may appear in tonight's semi-monthly short report.

I spoke of the "Daily short % of sells" looking much like the time when we had the "big uglies", including Mega-C, selling into the market. This month has been averaging in ranges similar to those. Here's some monthly averages from back in that period with today's, increased from yesterday's reading another 0.96% by today's 174.10%, added at the end.

=========================
Then the Mega-C shares entered market? Note the hefty change in both the averages and maximums.
Jun Avg: Avg: 183.48%, min: 5.05%, max: 1607.50%
Jul Avg: 176.07%, min: 7.75%, max: 1273.20%
Aug Avg: 113.91%, min: 0.00%, max: 899.39%
Sep [2014] Avg: 159.81%, min: 02.84%, max: 174.10%
=========================

The EOD paint crew had little effect again as the offer of $3.52 at 13:59 moved only to $3.54 at 15:49. This happened only because the 13 trades from 13:59 to 15:49 were predominately buys taking out the offers in a fairly steady manner. The last trade was 700 shares at $3.54, definitely not just paint IMO.

There were 287 missing FINRA shares which likely contain some short sales. I've updated the trade volume assuming no additional shorts and will correct everything else when the final data arrives.

Today's low, high, VWAP, trade volume, and daily short sales moved 1.45%, -6.49%, 00.27%, -77.05% and -82.07% respectively. Price spread today was 2.86% vs. 11.59%, 6.67%, 5.26%, 19.71%, 5.14%, 22.77%, 15.68%, 8.75% and 9.00% on prior days.

Here's a trading breakdown by arbitrary time-frames.
09:31-10:17: 001625 shrs, 15.19% of vol, VWAP $3.5900, 045.8% buys
10:18-10:25: 004965 shrs, 46.40% of vol, VWAP $3.5958, 084.9% buys
10:26-11:57: 000330 shrs, 03.08% of vol, VWAP $3.5379, 039.4% buys
13:05-14:05: 001880 shrs, 17.57% of vol, VWAP $3.5127, 023.0% buys
14:06-15:49: 001200 shrs, 11.21% of vol, VWAP $3.5175, 075.0% buys
15:58-15:58: 000700 shrs, 06.54% of vol, VWAP $3.5400, 100.0% buys

Here's a trading breakdown by arbitrary price range.
$3.5000-$3.5100: 001780 shrs, 16.64% of vol, VWAP $3.5072, 024.3% buys
$3.5200-$3.5300: 001400 shrs, 13.08% of vol, VWAP $3.5236, 064.3% buys
$3.5400-$3.5500: 001130 shrs, 10.56% of vol, VWAP $3.5438, 073.5% buys
$3.5800-$3.5900: 002175 shrs, 20.33% of vol, VWAP $3.5875, 034.3% buys
$3.6000-$3.6000: 004215 shrs, 39.39% of vol, VWAP $3.6000, 100.0% buys

Some day-to-day VWAP changes, with the end date shown and the percentage change from the prior day. Buy percentage is the last value on each line.
09/05 $4.4133 -01.21% 35.9%
09/08 $5.2195 +18.27% 81.9%
09/09 $4.1670 -20.16% 41.0%
09/10 $4.1214 -01.09% 50.9%
09/11 $4.1345 +00.32% 53.5%
09/12 $4.1653 +00.75% 38.0%
09/15 $3.8236 -08.20% 35.8%
09/16 $3.7423 -02.13% 17.3%
09/17 $3.8828 +03.75% 58.0%
09/18 $3.8700 -00.33% 53.0%
09/19 $3.6676 -05.23% 33.5%
09/22 $3.5565 -03.03% 21.0%
09/23 $3.5661 +00.27% 66.6% (YIKES!)

The larger trades (>= 500) occurred on 7 of the 39 trades, 17.95%. These 6,250 shares were 58.41% of day's volume, and traded at a VWAP of $3.5787. 4 of the larger trades, 57.14%, were buys of 4,700 shares, 75.20% of the larger trades volume, and traded at a VWAP of $3.5911. 2 of the larger trades, 28.57%, were sells of 1,000 shares, 16.00% of the larger trades volume, and traded at a VWAP of $3.5200. 1 trade, 14.29%, was an unknown and accounted for 550 shares, 8.80% of the smaller trade volume, and traded at a VWAP of $3.5800.

The other 32 trades, 82.05% of the day's trades, traded 4,450 shares, 41.59% of the days volume. The VWAP was $3.5483. 19 trades, 59.38%, were buys and accounted for 2,423 shares, 54.45% of the smaller trade volume, and traded at a VWAP of $3.5475. 13 trades, 40.63%, were sells and accounted for 2,027 shares, 45.55% of the smaller trade volume, and traded at a VWAP of $3.5493.

Here's my newer inflection point calculations. As with yesterday "... volume assigns some weight" to the readings.
_5-day_ 10-day_ _25-day_ _50-day_ _100-day_ _200-day_
-064.11 -0219.21 -0639.96 -1274.05 -02232.67 -07129.92
-049.06 -0198.39 -0611.84 -1167.34 -02170.75 -06879.01
-027.52 -0164.20 -0588.90 -1082.89 -02013.00 -06390.46
-023.10 -0084.08 -0559.43 -1031.52 -01916.57 -05862.53
-070.20 -0106.71 -0677.83 -1291.84 -02477.44 -07870.26
-053.25 -0116.18 -0607.95 -1152.94 -02216.45 -06884.73
-038.05 -0076.81 -0524.61 -0993.12 -01838.76 -05596.68
-036.38 -0056.52 -0469.39 -0950.68 -01744.33 -05348.96
-081.95 -0108.06 -0523.35 -1084.21 -01999.32 -06063.94
-166.63 -0219.65 -0526.02 -1181.76 -02064.90 -06146.21
-130.71 -0175.43 -0463.14 -1124.81 -01871.43 -05689.11

"Dly Sht % of 'sells'" and inflection point changes here are in the latest daily post above.

09/22/2014: EOD stuff partially copied to the concentrator.
# Trds: 76, MinTrSz: 15, MaxTrSz: 12800, Vol: 46623, AvTrSz: 613
Min. Pr: 3.4500, Max Pr: 3.8500, VW Avg. Tr. Pr: 3.5565
# Buys, Shares: 28 9778, VW Avg Buy Pr: 3.6078
# Sells, Shares: 46 36470, VW Avg Sell Pr: 3.5424
# Unkn, Shares: 2 375, VW Avg Unk. Pr: 3.5927
Buy:Sell 1:3.73 (20.97% "buys"), DlyShts 29393 (63.04%), Dly Sht % of 'sells' 80.60%

Yesterday I had a total brain glitch when I said "What happens if the pattern of weakness in the last and first weeks of the months is still in play?". "Last and first weeks" should have been "middle weeks" as I went on to say "This week should have been one of the "flat to slightly higher" ones if the pattern was still in play". That was slightly premature as we were just ending the middle weeks which are generally weaker. With the 5-day average VWAP dropping from $4.3615 during the week ending 9/12 to $3.7972 the week ending 9.19, the pattern was spot-on while the author was spot-OFF!

Moving on to current stuff ...

We again got a lower VWAP lows as we got high volume. Today's 46,623 equates to 2,331,150 pre-split shares. Here's VWAPs from 9/9 forward: $4.1670, $4.1214, $4.1345, $4.1653, $3.8236, $3.7423, $3.8828, $3.8700, $3.6676 and $3.5565.

Today's weakness began to show very early with the offers being placed. At 09:31 we had $3.80 x 15K from NITE and $3.88 x 400 from ATDF. By 09:47 it was $3.79 x 500 from ATDF, $3.80 x 15K from NITE and $3.85 x 1K from CDEL. By 10:34 NITE had moved to $3.65 x 17.4K.

Fortunately some folks saw good opportunity at these, and lower, price levels and we had multiple bids around the 1K size at various price levels, and even a 4K at $3.55 that appeared and was quickly taken around 12:05. In aggregate I think it helped prevent a steeper drop in VWAP, which made a 3.03% drop even so. The trading breakdowns, and related notes, show a bit more detail.

Well yesterday it looked like the buy and daily short percentage directional correlation was returning, complete with "choppy" action. Today broke the pattern though, so correlation or not is still up in the air. For the last four days buy percentage movements to 17.30%, 57.97%, 53.03%, 33.52% and 21% were paired with short sales percentage movements to 17.28%, 69.07%, 38.99%, 32.11% and 63.04%.

One concerning thing I've not spoken of for a long time has reared it's ugly head, the "Daily short % of sells". This month has an average reading reminiscent of the 2012 period when Quercus, Manatuck, et al, and finally Mega-C were busy dumping shares. This may add a bit of evidence as to why the buy and daily short percentage are not maintaining the strong directional correlation that had been in effect for quite some time. This says a lot of the "sells" are accompanied by short sales. We don't know if it's just the normal MM mechanics causing this or if someone is actively shorting the stock. With the higher pps actively shorting may have become more attractive. Anyway, here's some monthly averages from back in that period with today's added at the end.

=========================
Then the Mega-C shares entered market? Note the hefty change in both the averages and maximums.
Jun Avg: Avg: 183.48%, min: 5.05%, max: 1607.50%
Jul Avg: 176.07%, min: 7.75%, max: 1273.20%
Aug Avg: 113.91%, min: 0.00%, max: 899.39%
Sep [2014] Avg: 158.85%, min: 02.84%, max: 164.33%
=========================

We may have an answer to actively shorting or not when tomorrow's semi-monthly short sales report comes out.

The EOD paint crew had a tougher time today as the best offer of $3.58 at 14:32 remained essentially unchanged through the EOD, peaking at $3.59 at 15:55 and falling back to $3.58 in that same minute. The sellers apparently chose to ignore the pattern and didn't duplicate recent behavior of removing lower offers.

There were 690 missing FINRA shares which contain 245 short sales shares, 39.94% of the missing volume. I updated everything when the corrected data arrived.

Today's low, high, VWAP, trade volume, and daily short sales moved -4.17%, 0.26%, -03.03%, 49.47% and 188.22% respectively. Price spread today was 11.59% vs. 6.67%, 5.26%, 19.71%, 5.14%, 22.77%, 15.68%, 8.75%, 9.00% and 47.89% on prior days.

Here's a trading breakdown by arbitrary time-frames. Note the period ending 11:15 contains the 12.8K $3.51 sell and the 12:05 ending period contains the 4K $3.55 buy. Quite a few 1.xK and 2.xK sells are scattered among many periods.
09:30-09:30: 000200 shrs, 00.43% of vol, VWAP $3.5300, 000.0% buys
09:57-10:20: 005910 shrs, 12.68% of vol, VWAP $3.6905, 035.7% buys
10:34-10:59: 000935 shrs, 02.01% of vol, VWAP $3.6064, 067.9% buys
11:00-11:15: 016515 shrs, 35.42% of vol, VWAP $3.5130, 000.2% buys
11:41-12:05: 005650 shrs, 12.12% of vol, VWAP $3.5600, 085.0% buys
12:33-13:38: 002490 shrs, 05.34% of vol, VWAP $3.5920, 044.2% buys
13:39-13:40: 003343 shrs, 07.17% of vol, VWAP $3.5500, 001.3% buys
13:57-14:11: 004260 shrs, 09.14% of vol, VWAP $3.6028, 021.1% buys
14:17-14:29: 006050 shrs, 12.98% of vol, VWAP $3.5022, 000.0% buys
15:44-15:55: 001270 shrs, 02.72% of vol, VWAP $3.5006, 011.8% buys

Here's a trading breakdown by arbitrary price range. Note the $3.53 ending range includes the 12.8K $3.51 sell and the $3.59 ending range includes the 4K $3.55 buy. Quite a few 1.xK and 2.xK sells are scattered among many other ranges.
$3.4500-$3.4500: 000050 shrs, 00.11% of vol, VWAP $3.4500, 000.0% buys
$3.4900-$3.4900: 001120 shrs, 02.40% of vol, VWAP $3.4900, 000.0% buys
$3.5000-$3.5300: 022390 shrs, 48.02% of vol, VWAP $3.5082, 001.1% buys
$3.5500-$3.5900: 010823 shrs, 23.21% of vol, VWAP $3.5583, 046.1% buys
$3.6000-$3.6300: 005840 shrs, 12.53% of vol, VWAP $3.6012, 034.1% buys
$3.6500-$3.6900: 003420 shrs, 07.34% of vol, VWAP $3.6586, 040.4% buys
$3.7000-$3.7000: 001800 shrs, 03.86% of vol, VWAP $3.7000, 000.0% buys
$3.7500-$3.7900: 000960 shrs, 02.06% of vol, VWAP $3.7817, 100.0% buys
$3.8000-$3.8000: 000120 shrs, 00.26% of vol, VWAP $3.8000, 100.0% buys
$3.8500-$3.8500: 000100 shrs, 00.21% of vol, VWAP $3.8500, 100.0% buys

Some day-to-day VWAP changes, with the end date shown and the percentage change from the prior day. Buy percentage is the last value on each line.
09/04 $4.4672 -00.74% 22.1%
09/05 $4.4133 -01.21% 35.9%
09/08 $5.2195 +18.27% 81.9%
09/09 $4.1670 -20.16% 41.0%
09/10 $4.1214 -01.09% 50.9%
09/11 $4.1345 +00.32% 53.5%
09/12 $4.1653 +00.75% 38.0%
09/15 $3.8236 -08.20% 35.8%
09/16 $3.7423 -02.13% 17.3%
09/17 $3.8828 +03.75% 58.0%
09/18 $3.8700 -00.33% 53.0%
09/19 $3.6676 -05.23% 33.5%
09/22 $3.5565 -03.03% 21.0%

Note on the larger trades: the results were skewed by two larger trades of 12.8K (sell) and 4K (buy) trades. There were also ten more ranging from 1.xK to 2.xK.

The larger trades (>= 500) occurred on 19 of the 76 trades, 25.00%. These 37,505 shares were 80.44% of day's volume, and traded at a VWAP of $3.5464. 3 of the larger trades, 15.79%, were buys of 5,738 shares, 15.30% of the larger trades volume, and traded at a VWAP of $3.5761. 16 of the larger trades, 84.21%, were sells of 31,767 shares, 84.70% of the larger trades volume, and traded at a VWAP of $3.5410.

The other 57 trades, 75.00% of the day's trades, traded 9,118 shares, 19.56% of the days volume. The VWAP was $3.5981. 25 trades, 43.86%, were buys and accounted for 4,040 shares, 44.31% of the smaller trade volume, and traded at a VWAP of $3.6527. 30 trades, 52.63%, were sells and accounted for 4,703 shares, 51.58% of the smaller trade volume, and traded at a VWAP of $3.5516. 2 trades, 3.51%, were unknowns and accounted for 375 shares, 4.11% of the smaller trade volume, and traded at a VWAP of $3.5927.

Here's my newer inflection point calculations. As with yesterday "... volume assigns some weight" to the readings.
_5-day_ 10-day_ _25-day_ _50-day_ _100-day_ _200-day_
-011.38 -0147.79 -0385.85 -0568.52 -00644.68 -01388.33
-064.11 -0219.21 -0639.96 -1274.05 -02232.67 -07129.92
-049.06 -0198.39 -0611.84 -1167.34 -02170.75 -06879.01
-027.52 -0164.20 -0588.90 -1082.89 -02013.00 -06390.46
-023.10 -0084.08 -0559.43 -1031.52 -01916.57 -05862.53
-070.20 -0106.71 -0677.83 -1291.84 -02477.44 -07870.26
-053.25 -0116.18 -0607.95 -1152.94 -02216.45 -06884.73
-038.05 -0076.81 -0524.61 -0993.12 -01838.76 -05596.68
-036.38 -0056.52 -0469.39 -0950.68 -01744.33 -05348.96
-081.95 -0108.06 -0523.35 -1084.21 -01999.32 -06063.94
-166.63 -0219.65 -0526.02 -1181.76 -02064.90 -06146.21

"Dly Sht % of 'sells'" and inflection point changes here are in the latest daily post above.

09/19/2014: EOD stuff partially copied to the concentrator.
# Trds: 51, MinTrSz: 20, MaxTrSz: 10200, Vol: 31192, AvTrSz: 612
Min. Pr: 3.6000, Max Pr: 3.8400, VW Avg. Tr. Pr: 3.6676
# Buys, Shares: 18 10455, VW Avg Buy Pr: 3.6522
# Sells, Shares: 29 20350, VW Avg Sell Pr: 3.6753
# Unkn, Shares: 4 387, VW Avg Unk. Pr: 3.6731
Buy:Sell 1:1.95 (33.52% "buys"), DlyShts 10113 (32.42%), Dly Sht % of 'sells' 49.70%

We keep getting new VWAP lows whenever we get high volume, which we did today. Here's VWAPs from 9/8 forward: $5.2195, $4.1670, $4.1214, $4.1345, $4.1653, $3.8236, $3.7423, $3.8828, $3.8700 and $3.6676. You can do the math for pre-split pricing.

It's starting to look like old times, yep, yep. On top of that, it's beginning to look like the buy and daily short percentage directional correlation may be returning, complete with "choppy" action. For the last three days buy percentage movements of 17.30%, 57.97%, 53.03% and 33.52% were matched by short sales percentage movements of 17.28%, 69.07%, 38.99% and 32.42%.

What happens if the pattern of weakness in the last and first weeks of the months is still in play? This week should have been one of the "flat to slightly higher" ones if the pattern was still in play.

Today may have had some EOD paint but the volume, number of trades and price range within the days norm makes me think it wasn't just paint today. With VWAP down -5.23% it would be natural to see some buyers appear. In the last seven minutes there were three trades totaling 3K shares, all at $3.65.

Again it was a bifurcated trading day. Through 13:22:47 we had 95.96% sells with a VWAP of $3.7166 on volume of 9,285 shares. From then to the close we had 46,653 shares traded with 39.28% buys (not as radically improved as yesterday's 88.86%) with a VWAP of $3.6624. Some of this latter action was strongly affected by four of our excessively larger trades (see note on trading breakdowns). The two largest, 10.2K and 5,573 occurred in this latter part of the day.

The potential selling pressure was there all day with offers at the open of 2K from ATDF and CSTI, 1.1K by ETRF. All these were at $4.20. By 10:08 2.6K from ATDF at $3.90 and 1K from NITE at $3.84 were added. What really assured a price cap was the 15,245 at $3.80 NITE offered at 13:58 though. All trading was below that, as well as all offer changes I noted, thereafter.

Today was a high-volume day at ~31.19K. For context the 10, 25, 50 and 100-day averages, in thousands, are 11.57, 12.02, 11.68 and 9.92. Yesterday they were 8.83, 11.09, 11.08 and 9.65 respectively. In pre-split shares this would be 1,559,600 shares traded at a VWAP of $0.0734.

There were 554 missing FINRA shares which contained 97 short sales shares. I adjusted everything assuming no shorts in there and updated when the final data arrived. When all is factored in, shorts moved from 10.016 to 10,113 and short percentage went from 32.11% to 32.42%.

Today's low, high, VWAP, trade volume, and daily short sales moved -5.26%, -4.00%, -05.23%, 245.62% and 187.38% respectively. Price spread today was 6.67% vs. 5.26%, 19.71%, 5.14%, 22.77%, 15.68%, 8.75%, 9.00%, 47.89% and 9.17% on prior days.

Here's a trading breakdown by arbitrary time-frames.
10:03-10:03: 000200 shrs, 00.64% of vol, VWAP $3.8400, 100.0% buys
10:11-10:53: 002540 shrs, 08.14% of vol, VWAP $3.7561, 000.0% buys
11:39-12:00: 000630 shrs, 02.02% of vol, VWAP $3.8000, 000.0% buys
12:10-12:13: 002715 shrs, 08.70% of vol, VWAP $3.7271, 002.8% buys
12:59-13:28: 004000 shrs, 12.82% of vol, VWAP $3.6488, 012.5% buys
13:37-13:43: 001267 shrs, 04.06% of vol, VWAP $3.7223, 031.6% buys
13:57-15:04: 016160 shrs, 51.81% of vol, VWAP $3.6502, 036.6% buys
15:38-15:54: 003680 shrs, 11.80% of vol, VWAP $3.6489, 091.3% buys

Here's a trading breakdown by arbitrary price range.
$3.6000-$3.6499: 002067 shrs, 06.63% of vol, VWAP $3.6865, 028.1% buys
$3.6500-$3.6600: 023000 shrs, 73.74% of vol, VWAP $3.6503, 041.7% buys
$3.7200-$3.7200: 002075 shrs, 06.65% of vol, VWAP $3.7200, 003.6% buys
$3.7500-$3.7950: 003220 shrs, 10.32% of vol, VWAP $3.7548, 000.0% buys
$3.8000-$3.8400: 000830 shrs, 02.66% of vol, VWAP $3.8096, 024.1% buys

Some day-to-day VWAP changes, with the end date shown and the percentage change from the prior day. Buy percentage is the last value on each line.
09/03 $4.5005 -03.85% 21.7%
09/04 $4.4672 -00.74% 22.1%
09/05 $4.4133 -01.21% 35.9%
09/08 $5.2195 +18.27% 81.9%
09/09 $4.1670 -20.16% 41.0%
09/10 $4.1214 -01.09% 50.9%
09/11 $4.1345 +00.32% 53.5%
09/12 $4.1653 +00.75% 38.0%
09/15 $3.8236 -08.20% 35.8%
09/16 $3.7423 -02.13% 17.3%
09/17 $3.8828 +03.75% 58.0%
09/18 $3.8700 -00.33% 53.0%
09/19 $3.6676 -05.23% 33.5%

Note on the larger trades: the results were skewed by four trades, a couple of which that were really out-sized. The first and last listed were sells and the other two were buys. In thousands: 2, 2.073, 5.573 and 10.2.

The larger trades (>= 500) occurred on 11 of the 51 trades, 21.57%. These 24,746 shares were 79.33% of day's volume, and traded at a VWAP of $3.6702. 3 of the larger trades, 27.27%, were buys of 8,146 shares, 32.92% of the larger trades volume, and traded at a VWAP of $3.6500. 8 of the larger trades, 72.73%, were sells of 16,600 shares, 67.08% of the larger trades volume, and traded at a VWAP of $3.6802.

The other 40 trades, 78.43% of the day's trades, traded 6,446 20.67% shares, 81.12% of the days volume. The VWAP was $3.6805. 15 trades, 37.50%, were buys and accounted for 2,309 shares, 35.82% of the smaller trade volume, and traded at a VWAP of $3.6601. 21 trades, 52.50%, were sells and accounted for 3,750 shares, 58.18% of the smaller trade volume, and traded at a VWAP of $3.6939. 4 trades, 10.00%, were unknowns and accounted for 387 shares, 6.00% of the smaller trade volume, and traded at a VWAP of $3.6731.

Here's my newer inflection point calculations. With yesterdays' low volume (pre-split 451,250 equivalent), I said "... as seems to be becoming normal for now, I don't yet know if we should give too much weight to any changes". Well, today volume assigns some weight and maybe yesterday I should have given it more weight. Today broke the trend of all periods demonstrating less and less weakening. Al increased weakening.
_5-day_ 10-day_ _25-day_ _50-day_ _100-day_ _200-day_
-056.43 -0227.37 -0595.78 -1028.55 -01760.79 -05268.13
-011.38 -0147.79 -0385.85 -0568.52 -00644.68 -01388.33
-064.11 -0219.21 -0639.96 -1274.05 -02232.67 -07129.92
-049.06 -0198.39 -0611.84 -1167.34 -02170.75 -06879.01
-027.52 -0164.20 -0588.90 -1082.89 -02013.00 -06390.46
-023.10 -0084.08 -0559.43 -1031.52 -01916.57 -05862.53
-070.20 -0106.71 -0677.83 -1291.84 -02477.44 -07870.26
-053.25 -0116.18 -0607.95 -1152.94 -02216.45 -06884.73
-038.05 -0076.81 -0524.61 -0993.12 -01838.76 -05596.68
-036.38 -0056.52 -0469.39 -0950.68 -01744.33 -05348.96
-081.95 -0108.06 -0523.35 -1084.21 -01999.32 -06063.94

"Dly Sht % of 'sells'" and inflection point changes here are in the latest daily post above.

09/18/2014: EOD stuff partially copied to the concentrator.
# Trds: 32, MinTrSz: 1, MaxTrSz: 1100, Vol: 9025, AvTrSz: 282
Min. Pr: 3.8000, Max Pr: 4.0000, VW Avg. Tr. Pr: 3.8700
# Buys, Shares: 14 4786, VW Avg Buy Pr: 3.8557
# Sells, Shares: 18 4239, VW Avg Sell Pr: 3.8862
# Unkn, Shares: 0 0, VW Avg Unk. Pr: 0.0000
Buy:Sell 1.13:1 (53.03% "buys"), DlyShts 3519 (38.99%), Dly Sht % of 'sells' 83.01%

With price essentially flat all day the EOD paint couldn't do much to help. Check the breakdown by time - only 7.4% of days volume traded in the last fifteen minutes and it was down a penny from the last trade in the prior period at 15:30 of $3.86.

It was a bifurcated trading day - through 13:24:03 we had 100% sells with a VWAP of $3.9000 and from then to the close we had 88.86% buys with a VWAP of $3.8557.

Today was again a relatively good volume day with ~8.8K traded. For context the 10, 25, 50 and 100-day averages, in thousands, are 8.83, 11.09, 11.08 and 9.65 respectively. I say "relatively" because for action subsequent to the split 10 days ago the volume is hanging in there. Looking at the longer periods though, it can be seen that volume is down substantially. In those longer terms volume is low.

FINRA is missing 232 shares which will appear on the final update in the morning. I've added these in and assumed no shorts in there although there's likely to be some small number. When final data appeared there were no additional short sales, so no adjustments were needed.

Today's low, high, VWAP, trade volume, and daily short sales moved 8.57%, -4.53%, -00.33%, 0.55% and -43.24% respectively. Price spread today was 5.26% vs. 19.71%, 5.14%, 22.77%, 15.68%, 8.75%, 9.00%, 47.89%, 9.17% and 11.87% on prior days.

Here's a trading breakdown by arbitrary time-frames.
09:30-09:47: 000420 shrs, 04.65% of vol, VWAP $3.8500, 000.0% buys
09:51-11:59: 001038 shrs, 11.50% of vol, VWAP $3.9701, 000.0% buys
12:23-12:25: 001181 shrs, 13.09% of vol, VWAP $3.8900, 000.0% buys
12:35-15:30: 005718 shrs, 63.36% of vol, VWAP $3.8565, 082.0% buys
15:46-15:47: 000568 shrs, 06.29% of vol, VWAP $3.8000, 000.0% buys
15:58-15:58: 000100 shrs, 01.11% of vol, VWAP $3.8500, 100.0% buys

Here's a trading breakdown by arbitrary price range.
$3.8000-$3.8400: 001448 shrs, 16.04% of vol, VWAP $3.8243, 060.8% buys
$3.8500-$3.8900: 006539 shrs, 72.45% of vol, VWAP $3.8642, 059.7% buys
$3.9000-$3.9000: 000002 shrs, 00.02% of vol, VWAP $3.9000, 000.0% buys
$3.9500-$3.9500: 000616 shrs, 06.83% of vol, VWAP $3.9500, 000.0% buys
$4.0000-$4.0000: 000420 shrs, 04.65% of vol, VWAP $4.0000, 000.0% buys

Some day-to-day VWAP changes, with the end date shown and the percentage change from the prior day. Buy percentage is the last value on each line.
09/02 $4.6808 +05.92% 68.9%
09/03 $4.5005 -03.85% 21.7%
09/04 $4.4672 -00.74% 22.1%
09/05 $4.4133 -01.21% 35.9%
09/08 $5.2195 +18.27% 81.9%
09/09 $4.1670 -20.16% 41.0%
09/10 $4.1214 -01.09% 50.9%
09/11 $4.1345 +00.32% 53.5%
09/12 $4.1653 +00.75% 38.0%
09/15 $3.8236 -08.20% 35.8%
09/16 $3.7423 -02.13% 17.3%
09/17 $3.8828 +03.75% 58.0%
09/18 $3.8700 -00.33% 53.0%

The larger trades (>= 500) occurred on 7 of the 32 trades, 21.88%. These 4,983 shares were 55.21% of day's volume, and traded at a VWAP of $3.8611. 4 of the larger trades, 57.14%, were buys of 3,209 shares, 64.40% of the larger trades volume, and traded at a VWAP of $3.8553. 3 of the larger trades, 42.86%, were sells of 1,774 shares, 35.60% of the larger trades volume, and traded at a VWAP of $3.8716.

The other 25 trades, 78.13% of the day's trades, traded 4,042 shares, 81.12% of the days volume. The VWAP was $3.8810. 10 trades, 40.00%, were buys and accounted for 1,051 shares, 21.49% of the smaller trade volume, and traded at a VWAP of $3.8564. 15 trades, 60.00%, were sells and accounted for 2,465 shares, 60.98% of the smaller trade volume, and traded at a VWAP of $3.8967.

Here's my newer inflection point calculations. With low volume (pre-split 451,250 equivalent), as seems to be becoming normal for now, I don't yet know if we should give too much weight to any changes.
_5-day_ 10-day_ _25-day_ _50-day_ _100-day_ _200-day_
-122.20 -0235.59 -0587.18 -0995.53 -01668.42 -04939.36
-056.43 -0227.37 -0595.78 -1028.55 -01760.79 -05268.13
-011.38 -0147.79 -0385.85 -0568.52 -00644.68 -01388.33
-064.11 -0219.21 -0639.96 -1274.05 -02232.67 -07129.92
-049.06 -0198.39 -0611.84 -1167.34 -02170.75 -06879.01
-027.52 -0164.20 -0588.90 -1082.89 -02013.00 -06390.46
-023.10 -0084.08 -0559.43 -1031.52 -01916.57 -05862.53
-070.20 -0106.71 -0677.83 -1291.84 -02477.44 -07870.26
-053.25 -0116.18 -0607.95 -1152.94 -02216.45 -06884.73
-038.05 -0076.81 -0524.61 -0993.12 -01838.76 -05596.68
-036.38 -0056.52 -0469.39 -0950.68 -01744.33 -05348.96

"Dly Sht % of 'sells'" and inflection point changes here are in the latest daily post above.

09/17/2014: EOD stuff partially copied to the concentrator.
# Trds: 40, MinTrSz: 1, MaxTrSz: 1200, Vol: 8976, AvTrSz: 224
Min. Pr: 3.5000, Max Pr: 4.1900, VW Avg. Tr. Pr: 3.8828
# Buys, Shares: 18 5203, VW Avg Buy Pr: 3.9303
# Sells, Shares: 22 3773, VW Avg Sell Pr: 3.8172
# Unkn, Shares: 0 0, VW Avg Unk. Pr: 0.0000
Buy:Sell 1.38:1 (57.97% "buys"), DlyShts 6200 (69.07%), Dly Sht % of 'sells' 164.33%

The cavalry arrived in force to help the usual EOD paint crew. Check the breakdown by time - ~43% of days volume traded in the last twelve minutes at VWAPs substantially higher than that seen the rest of the day.

Today was a relatively good volume day - equivalent to 448.8K pre-split. The buy percentage jumped 235.11% to 58% and was directionally tracked by a short percentage that jumped 299.70% to 69.07% (after FINRA's final report in the A.M.).

FINRA is missing 197 shares which will appear on the final update in the morning. I've added these in and assumed no shorts in there. When the final data was available there were 92 more. An unusual occurrence today was that exempt shares were reported - 500. Removing these 500 shares drops the reported short volume from 6,108 to 5,608 and the short percentage from 68.05% to 62.48%.

Today's low, high, VWAP, trade volume, and daily short sales moved -5.41%,7.71%, 03.75%, 47.73% and 490.48% respectively. Price spread today was 19.71% vs. 5.14%, 22.77%, 15.68%, 8.75%, 9.00%, 47.89%, 9.17%, 11.87% and 16.22% on prior days.

Here's a trading breakdown by arbitrary time-frames.
09:30-09:58: 001588 shrs, 17.69% of vol, VWAP $3.7330, 068.5% buys
10:10-12:22: 001570 shrs, 17.49% of vol, VWAP $3.8678, 073.1% buys
13:14-13:29: 001950 shrs, 21.72% of vol, VWAP $3.8231, 000.0% buys
15:49-15:54: 003173 shrs, 35.35% of vol, VWAP $3.9701, 080.7% buys
15:55-15:58: 000695 shrs, 07.74% of vol, VWAP $4.0273, 058.4% buys

Here's a trading breakdown by arbitrary price range.
$3.5000-$3.5000: 000380 shrs, 04.23% of vol, VWAP $3.5000, 000.0% buys
$3.7500-$3.8500: 004440 shrs, 49.47% of vol, VWAP $3.8242, 043.9% buys
$3.9000-$4.0000: 004056 shrs, 45.19% of vol, VWAP $3.9752, 077.8% buys
$4.1900-$4.1900: 000100 shrs, 01.11% of vol, VWAP $4.1900, 100.0% buys

Some day-to-day VWAP changes, with the end date shown and the percentage change from the prior day. Buy percentage is the last value on each line.
08/29 $4.4190 -02.61% 27.0%
09/02 $4.6808 +05.92% 68.9%
09/03 $4.5005 -03.85% 21.7%
09/04 $4.4672 -00.74% 22.1%
09/05 $4.4133 -01.21% 35.9%
09/08 $5.2195 +18.27% 81.9%
09/09 $4.1670 -20.16% 41.0%
09/10 $4.1214 -01.09% 50.9%
09/11 $4.1345 +00.32% 53.5%
09/12 $4.1653 +00.75% 38.0%
09/15 $3.8236 -08.20% 35.8%
09/16 $3.7423 -02.13% 17.3%
09/17 $3.8828 +03.75% 58.0%

The larger trades (>= 500) occurred on 5 of the 40 trades, 12.50%. These 3,932 shares were 43.81% of day's volume, and traded at a VWAP of $3.8864.

The other 42 trades, 95.45% of the day's trades, traded 4,891 shares, 80.50% of the days volume. The VWAP was $3.7487. 12 trades, 28.57%, were buys and accounted for 1,051 shares, 21.49% of the smaller trade volume, and traded at a VWAP of $3.8169. 30 trades, 71.43%, were sells and accounted for 3,840 shares, 78.51% of the smaller trade volume, and traded at a VWAP of $3.7301.

Here's my newer inflection point calculations. With such low volume, as seems to be becoming normal for now, don't give too much weight to any changes.
_5-day_ 10-day_ _25-day_ _50-day_ _100-day_ _200-day_
-126.82 -0213.13 -0580.97 -0993.15 -01670.96 -04693.76
-122.20 -0235.59 -0587.18 -0995.53 -01668.42 -04939.36
-056.43 -0227.37 -0595.78 -1028.55 -01760.79 -05268.13
-011.38 -0147.79 -0385.85 -0568.52 -00644.68 -01388.33
-064.11 -0219.21 -0639.96 -1274.05 -02232.67 -07129.92
-049.06 -0198.39 -0611.84 -1167.34 -02170.75 -06879.01
-027.52 -0164.20 -0588.90 -1082.89 -02013.00 -06390.46
-023.10 -0084.08 -0559.43 -1031.52 -01916.57 -05862.53
-070.20 -0106.71 -0677.83 -1291.84 -02477.44 -07870.26
-053.25 -0116.18 -0607.95 -1152.94 -02216.45 -06884.73
-038.05 -0076.81 -0524.61 -0993.12 -01838.76 -05596.68

"Dly Sht % of 'sells'" and inflection point changes here are in the latest daily post above.

09/16/2014: EOD stuff partially copied to the concentrator.
# Trds: 44, MinTrSz: 2, MaxTrSz: 665, Vol: 6076, AvTrSz: 138
Min. Pr: 3.7000, Max Pr: 3.8900, VW Avg. Tr. Pr: 3.7423
# Buys, Shares: 12 1051, VW Avg Buy Pr: 3.8169
# Sells, Shares: 32 5025, VW Avg Sell Pr: 3.7267
# Unkn, Shares: 0 0, VW Avg Unk. Pr: 0.0000
Buy:Sell 1:4.78 (17.30% "buys"), DlyShts 1050 (17.28%), Dly Sht % of 'sells' 20.90%

The usual EOD paint consisted of two odd-lot trades, 65 and 35 shares, in the same second, 15:45:38, that were probably a 100 share order that hit the offer.

Today was a relatively low-volume day. The buy percentage weakened about 50% to 17.3% and was directionally tracked by a short percentage that dropped a small amount. One day doesn't really tell us much so I make no judgment about the directional correlation trend being back yet.

With volume down in the lower area of what I'm guessing to be a "new normal" I continue to think some weight might be assigned to the selling trend. From 8/27 onward the selling was 71.44%, 5.3%, 76.6%, 77.9%, 63.9%, 18.1% (first day of split trading), 58.5%, 49.1%, 46.53%, 62.03%, 62.49% and 82.7% today.

Today's low, high, VWAP, trade volume, and daily short sales moved 13.85%, -2.51%, -02.13%, -65.77% and -71.92% respectively. Price spread today was 5.14% vs. 22.77%, 15.68%, 8.75%, 9.00%, 47.89%, 9.17%, 11.87%, 16.22% and 8.32% on prior days.

Here's a trading breakdown by arbitrary time-frames.
09:35-09:49: 001547 shrs, 25.46% of vol, VWAP $3.7061, 000.0% buys
10:09-10:44: 000785 shrs, 12.92% of vol, VWAP $3.7455, 036.3% buys
10:52-11:10: 000560 shrs, 09.22% of vol, VWAP $3.7450, 035.7% buys
11:17-12:22: 000770 shrs, 12.67% of vol, VWAP $3.8097, 039.0% buys
12:45-15:01: 001672 shrs, 27.52% of vol, VWAP $3.7197, 000.0% buys
15:14-15:34: 000482 shrs, 07.93% of vol, VWAP $3.7873, 034.4% buys
15:45-15:45: 000260 shrs, 04.28% of vol, VWAP $3.8038, 038.5% buys

Here's a trading breakdown by arbitrary price range.
$3.7000-$3.7500: 004791 shrs, 78.85% of vol, VWAP $3.7206, 003.1% buys
$3.7740-$3.7900: 000535 shrs, 08.81% of vol, VWAP $3.7896, 081.3% buys
$3.8000-$3.8500: 000550 shrs, 09.05% of vol, VWAP $3.8318, 048.4% buys
$3.8900-$0.0000: 000200 shrs, 03.29% of vol, VWAP $3.8900, 100.0% buys

Some day-to-day VWAP changes, with the end date shown and the percentage change from the prior day. Buy percentage is the last value on each line.
08/28 $4.5376 +03.36% 05.1%
08/29 $4.4190 -02.61% 27.0%
09/02 $4.6808 +05.92% 68.9%
09/03 $4.5005 -03.85% 21.7%
09/04 $4.4672 -00.74% 22.1%
09/05 $4.4133 -01.21% 35.9%
09/08 $5.2195 +18.27% 81.9%
09/09 $4.1670 -20.16% 41.0%
09/10 $4.1214 -01.09% 50.9%
09/11 $4.1345 +00.32% 53.5%
09/12 $4.1653 +00.75% 38.0%
09/15 $3.8236 -08.20% 35.8%
09/16 $3.7423 -02.13% 17.3%

The larger trades (>= 500) occurred on 2 of the 44 trades, 4.55%. These 1,185 shares were 19.50% of day's volume, and traded at a VWAP of $3.7156. All were sells.

The other 42 trades, 95.45% of the day's trades, traded 4,891 shares, 80.50% of the days volume. The VWAP was $3.7487. 12 trades, 28.57%, were buys and accounted for 1,051 shares, 21.49% of the smaller trade volume, and traded at a VWAP of $3.8169. 30 trades, 71.43%, were sells and accounted for 3,840 shares, 78.51% of the smaller trade volume, and traded at a VWAP of $3.7301.

Here's my newer inflection point calculations. With such low volume, as seems to be becoming normal for now, don't give too much weight to any changes..
_5-day_ 10-day_ _25-day_ _50-day_ _100-day_ _200-day_
-118.60 -0179.80 -0494.70 -0863.34 -01329.35 -03548.15
-126.82 -0213.13 -0580.97 -0993.15 -01670.96 -04693.76
-122.20 -0235.59 -0587.18 -0995.53 -01668.42 -04939.36
-056.43 -0227.37 -0595.78 -1028.55 -01760.79 -05268.13
-011.38 -0147.79 -0385.85 -0568.52 -00644.68 -01388.33
-064.11 -0219.21 -0639.96 -1274.05 -02232.67 -07129.92
-049.06 -0198.39 -0611.84 -1167.34 -02170.75 -06879.01
-027.52 -0164.20 -0588.90 -1082.89 -02013.00 -06390.46
-023.10 -0084.08 -0559.43 -1031.52 -01916.57 -05862.53
-070.20 -0106.71 -0677.83 -1291.84 -02477.44 -07870.26
-053.25 -0116.18 -0607.95 -1152.94 -02216.45 -06884.73

"Dly Sht % of 'sells'" and inflection point changes here are in the latest daily post above.

09/15/2014: EOD stuff partially copied to the concentrator.
# Trds: 59, MinTrSz: 2, MaxTrSz: 1000, Vol: 17749, AvTrSz: 301
Min. Pr: 3.2500, Max Pr: 3.9900, VW Avg. Tr. Pr: 3.8236
# Buys, Shares: 28 6367, VW Avg Buy Pr: 3.9148
# Sells, Shares: 30 11092, VW Avg Sell Pr: 3.7771
# Unkn, Shares: 1 290, VW Avg Unk. Pr: 3.6000
Buy:Sell 1:1.74 (35.87% "buys"), DlyShts 3739 (21.07%), Dly Sht % of 'sells' 33.71%

I'm still waiting to see if the buy and short sales percentage directional correlation will stabilize again. Today was a "relatively" high-volume day but the buy percentage was not "strong", so I wouldn't hazard a guess about these percentages making a strong correlation again yet.

Regarding a break of the trend of weakening in the first and last weeks of the month, today may be the start of return to trend - hard to say based on one day though. VWAP dropped -08.20%. With volume up into reasonable range today, I think some weight might be assigned. Regardless, from 8/26 onward the selling was 94.9%, 71.44%, 5.3%, 76.6%, 77.9%, 63.9%, 18.1% (first day of split trading), 58.5%, 49.1%, 46.53%, 62.03% and 62.49% today.

Today's low, high, VWAP, trade volume, and daily short sales moved -16.45%, -11.33%, -08.20%, 314.21% and 517.00% respectively. Price spread today was 22.77% vs. 15.68%, 8.75%, 9.00%, 47.89%, 9.17%, 11.87%, 16.22%, 8.32% and 13.25% on prior days.

Here's a trading breakdown by arbitrary time-frames.
09:30-09:46: 002442 shrs, 13.76% of vol, VWAP $3.6372, 018.1% buys
10:19-11:16: 001951 shrs, 10.99% of vol, VWAP $3.9434, 060.9% buys
11:22-11:46: 001579 shrs, 08.90% of vol, VWAP $3.9053, 005.0% buys
11:48-12:44: 004316 shrs, 24.32% of vol, VWAP $3.8277, 045.2% buys
13:09-14:10: 003398 shrs, 19.14% of vol, VWAP $3.7866, 041.2% buys
14:45-15:26: 001710 shrs, 09.63% of vol, VWAP $3.7920, 013.0% buys
15:34-15:58: 002353 shrs, 13.26% of vol, VWAP $2.2923, 046.1% buys

Here's a trading breakdown by arbitrary price range.
$3.2500-$3.3100: 000880 shrs, 04.96% of vol, VWAP $3.2549, 000.0% buys
$3.6000-$3.7700: 004103 shrs, 23.12% of vol, VWAP $3.7084, 004.7% buys
$3.8000-$3.9900: 012766 shrs, 71.93% of vol, VWAP $3.5976, 048.4% buys

Some day-to-day VWAP changes, with the end date shown and the percentage change from the prior day. Buy percentage is the last value on each line.
08/27 $4.3899 +00.10% 20.2%
08/28 $4.5376 +03.36% 05.1%
08/29 $4.4190 -02.61% 27.0%
09/02 $4.6808 +05.92% 68.9%
09/03 $4.5005 -03.85% 21.7%
09/04 $4.4672 -00.74% 22.1%
09/05 $4.4133 -01.21% 35.9%
09/08 $5.2195 +18.27% 81.9%
09/09 $4.1670 -20.16% 41.0%
09/10 $4.1214 -01.09% 50.9%
09/11 $4.1345 +00.32% 53.5%
09/12 $4.1653 +00.75% 38.0%
09/15 $3.8236 -08.20% 35.8%

The larger trades (>= 500) occurred on 10 of the 59 trades, 16.95%. These 8,420 shares were 47.44% of day's volume, and traded at a VWAP of $3.4326. 2 of the larger trades, 20.00%, were buys of 1,520 shares, 18.05% of the larger trades volume, and traded at a VWAP of $3.9300. 8 of the larger trades, 80.00%, were sells of 6,900 shares, 81.95% of the larger trades volume, and traded at a VWAP of $4.0701.

The other 49 trades, 83.05% of the day's trades, traded 8,848 shares, 49.85% of the days volume. The VWAP was $3.76. 26 trades, 53.06%, were buys and accounted for 4,847 shares, 54.78% of the smaller trade volume, and traded at a VWAP of $3.7714. 21 trades, 42.86%, were sells and accounted for 3,711 shares, 41.94% of the smaller trade volume, and traded at a VWAP of $3.7496. 1 trade, 2.04%, was an unknown and accounted for 290 shares, 3.28% of the smaller trade volume, and traded at a VWAP of $3.6000.

Here's my newer inflection point calculations. This is the first day of using my restructured spread sheets. On the old sheets some errors had crept in over time. This may make some of the numbers appear a little out of whack, but they will settle back in quickly.
_5-day_ 10-day_ _25-day_ _50-day_ _100-day_ _200-day_
-174.72 -0229.02 -0677.36 -1032.04 -01772.54 -04889.32
-118.60 -0179.80 -0494.70 -0863.34 -01329.35 -03548.15
-126.82 -0213.13 -0580.97 -0993.15 -01670.96 -04693.76
-122.20 -0235.59 -0587.18 -0995.53 -01668.42 -04939.36
-056.43 -0227.37 -0595.78 -1028.55 -01760.79 -05268.13
-011.38 -0147.79 -0385.85 -0568.52 -00644.68 -01388.33
-064.11 -0219.21 -0639.96 -1274.05 -02232.67 -07129.92
-049.06 -0198.39 -0611.84 -1167.34 -02170.75 -06879.01
-027.52 -0164.20 -0588.90 -1082.89 -02013.00 -06390.46
-023.10 -0084.08 -0559.43 -1031.52 -01916.57 -05862.53
-070.20 -0106.71 -0677.83 -1291.84 -02477.44 -07870.26

"Dly Sht % of 'sells'" and inflection point changes here are in the latest daily post above.

09/12/2014: EOD stuff partially copied to the concentrator.
# Trds: 35, MinTrSz: 1, MaxTrSz: 500, Vol: 4285, AvTrSz: 122
Min. Pr: 3.8900, Max Pr: 4.5000, VW Avg. Tr. Pr: 4.1653
# Buys, Shares: 14 1627, VW Avg Buy Pr: 4.2325
# Sells, Shares: 21 2658, VW Avg Sell Pr: 4.1242
# Unkn, Shares: 0 0, VW Avg Unk. Pr: 0.0000
Buy:Sell 1:1.63 (37.97% "buys"), DlyShts 606 (14.14%), Dly Sht % of 'sells' 22.8%

Absolutely nothing should be given any weight with these volumes and the known EOD tape painting continuing without cessation! It may look good on the charts and in the portfolios for now but it will bite some folks at some point in time.

FINRA's EOD REG SHO still omits odd lot trades. Today they were missing 729 shares, 17.01% of actual volume. There's again likely a few (~20%?) short sales in those shares. When corrected data appeared I will update appropriate places.

Today is the equivalent of 214,250 pre-split shares traded. For some perspective in post-split terms, here's the 10, 25, 50 and 100-day average volumes, in thousands: 7.37, 10.78, 10.74 and 9.50. Yesterday they were 8.71, 10.81, 10.68 and 9.65 respectively.

I've been saying it's still too soon after the reverse split to tell if the directional correlation of buy and daily short percentage are back to normal. I still feel that way, especially as long as volume is in the crapper. Today they correlated again, the third day out of six. More waiting required! But we're used to that aren't we?

Regarding a break of the trend of weakening in the first and last weeks of the month, today continued that break. But I again question how much weight to give it with this volume. Regardless, from 8/25 onward the selling was 71.3%, 94.9%, 71.44%, 5.3%, 76.6%, 77.9%, 63.9%, 18.1% (first day of split trading), 58.5%, 49.1%, 46.53% and 62.03% today.

Again today's volume does not warrant much more commentary. Just the numbers, mostly, for the rest of today's post.

Today's low, high, VWAP, trade volume, and daily short sales moved -2.75%, 3.45%, 00.75%, -24.81% and -48.59% respectively. Price spread today was 15.68% vs. 8.75%, 9.00%, 47.89%, 9.17%, 11.87%, 16.22%, 8.32%, 13.25% and 7.17% on prior days.

Here's a trading breakdown by arbitrary time-frames. The first period is just the two trades, 40 and 110 shares, that set the day's high by hitting the ask. The 9:52 is the single trade that set the day's low. Odd lot trades were scattered throughout the day - 729 shares of 4285, 17.01% of the day's volume. Note the nice rise in the last period.
09:30-09:30: 000150 shrs, 03.50% of vol, VWAP $4.5000, 026.7% buys
09:30-09:41: 000293 shrs, 06.84% of vol, VWAP $4.1401, 034.1% buys
09:52-09:52: 000250 shrs, 05.83% of vol, VWAP $3.8900, 000.0% buys
10:00-11:05: 000701 shrs, 16.36% of vol, VWAP $4.0535, 049.9% buys
11:55-13:36: 001085 shrs, 25.32% of vol, VWAP $4.0952, 000.0% buys
13:37-15:19: 000400 shrs, 09.33% of vol, VWAP $4.1603, 077.8% buys
15:36-15:59: 001406 shrs, 32.81% of vol, VWAP $4.2951, 058.7% buys

Here's a trading breakdown by arbitrary price range. The low was set by a single trade. The high was two trades of 40 and 110 shares.
$3.8900-$3.8900: 000250 shrs, 05.83% of vol, VWAP $3.8900, 000.0% buys
$4.0000-$4.0200: 001012 shrs, 23.62% of vol, VWAP $4.0076, 024.7% buys
$4.1000-$4.1600: 000856 shrs, 19.98% of vol, VWAP $4.1179, 000.0% buys
$4.2000-$4.2900: 001197 shrs, 27.93% of vol, VWAP $4.2525, 091.6% buys
$4.3000-$4.3400: 000820 shrs, 19.14% of vol, VWAP $4.3049, 029.3% buys
$4.5000-$4.5000: 000150 shrs, 03.50% of vol, VWAP $4.5000, 026.7% buys

Some day-to-day VWAP changes, with the end date shown and the percentage change from the prior day. Buy percentage is the last value on each line.
08/26 $4.3854 +00.34% 18.9%
08/27 $4.3899 +00.10% 20.2%
08/28 $4.5376 +03.36% 05.1%
08/29 $4.4190 -02.61% 27.0%
09/02 $4.6808 +05.92% 68.9%
09/03 $4.5005 -03.85% 21.7%
09/04 $4.4672 -00.74% 22.1%
09/05 $4.4133 -01.21% 35.9%
09/08 $5.2195 +18.27% 81.9%
09/09 $4.1670 -20.16% 41.0%
09/10 $4.1214 -01.09% 50.9%
09/11 $4.1345 +00.32% 53.5%
09/12 $4.1653 +00.75% 38.0%

There wasn't enough volume or even larger trades to justify breaking down larger and smaller trades today.

Here's my newer inflection point calculations. We continued for the third consecutive day with all six periods showing reducing weakness. But the volume is even weaker (in thousands: 10.84, 5.70 and 4.29) and absolutely nothing should be given any weight with these volumes and the known EOD tape painting.
_5-day_ 10-day_ _25-day_ _50-day_ _100-day_ _200-day_
-154.46 -0276.71 -0646.30 -0909.54 -01655.17 -04243.42
-174.72 -0229.02 -0677.36 -1032.04 -01772.54 -04889.32
-118.60 -0179.80 -0494.70 -0863.34 -01329.35 -03548.15
-126.82 -0213.13 -0580.97 -0993.15 -01670.96 -04693.76
-122.20 -0235.59 -0587.18 -0995.53 -01668.42 -04939.36
-056.43 -0227.37 -0595.78 -1028.55 -01760.79 -05268.13
-011.38 -0147.79 -0385.85 -0568.52 -00644.68 -01388.33
-064.11 -0219.21 -0639.96 -1274.05 -02232.67 -07129.92
-049.06 -0198.39 -0611.84 -1167.34 -02170.75 -06879.01
-027.52 -0164.20 -0588.90 -1082.89 -02013.00 -06390.46
-023.10 -0084.08 -0559.43 -1031.52 -01916.57 -05862.53

"Dly Sht % of 'sells'" and inflection point changes here are in the latest daily post above.

09/11/2014: EOD stuff partially copied to the concentrator.
# Trds: 43, MinTrSz: 2, MaxTrSz: 715, Vol: 5699, AvTrSz: 133
Min. Pr: 4.0000, Max Pr: 4.3500, VW Avg. Tr. Pr: 4.1345
# Buys, Shares: 21 3047, VW Avg Buy Pr: 4.2117
# Sells, Shares: 22 2652, VW Avg Sell Pr: 4.0457
# Unkn, Shares: 0 0, VW Avg Unk. Pr: 0.0000
Buy:Sell 1.15:1 (53.47% "buys"), DlyShts 1062 (18.63%), Dly Sht % of 'sells' 38.88%

FINRA's EOD REG SHO process still doesn't pick up odd lot trades. Today they were missing 713 shares, 12.51% of actual volume. There's again likely a few (~20%?) short sales in those shares. When correct data appeared I updated appropriate places. The additional shorts were 4.35% of the missing volume.

Yesterday was a medium-volume day, using the reverse-split adjusted volume equivalent of 541,800 shares traded and it was lower volume, down from the prior day's equivalent adjusted 1,030,850. Today is the equivalent of 284,950 - not the lowest ever but low. For some perspective in post-split terms, here's the 10, 25, 50 and 100-day average volumes, in thousands: 8.71, 10.81, 10.68 and 9.65 respectively.

I've been saying it's still too soon after the reverse split to tell if the directional correlation of buy and daily short percentage are back to normal. I still feel that way, especially as long as volume is in the crapper.

Yesterday I mentioned we might have seen a break out of the trend of weakening in the first and last weeks of the month but it really was too soon to determine that. Today continued that break, but how much weight to give it with this volume is problematic. Regardless, from 8/22 onward the selling was 78.20%, 71.3%, 94.9%, 71.44%, 5.3%, 76.6%, 77.9%, 63.9%, 18.1% (first day of split trading), 58.5%, 49.1% and 46.53% today.

With today's volume there's not much more commentary I think is justified. Just the numbers, mostly, for the rest of today's post.

Today's low, high, VWAP, trade volume, and daily short sales moved 0.00%, -0.23%, 00.32%, -47.41% and -57.64% respectively. Price spread today was 8.75% vs. 9.00%, 47.89%, 9.17%, 11.87%, 16.22%, 8.32%, 13.25%, 7.17% and 5.88% on prior days.

Here's a trading breakdown by arbitrary time-frames. The first period was one 200 share trade and the rest odd lots. Odd lot trades were scattered throughout the day - 713 shares, 12.51% of the day's volume. Note the nice rise in the last three periods as the paint crew got busy. See the thread 23808 started and my reply starting here.
09:30-09:30: 000252 shrs, 04.42% of vol, VWAP $4.0183, 005.6% buys
10:07-11:59: 001206 shrs, 21.16% of vol, VWAP $4.1261, 048.7% buys
12:00-13:52: 001635 shrs, 28.69% of vol, VWAP $4.0263, 000.0% buys
15:05-15:41: 000934 shrs, 16.39% of vol, VWAP $4.1282, 088.2% buys
15:42-15:57: 000872 shrs, 15.30% of vol, VWAP $4.2258, 094.3% buys
15:58-15:59: 000800 shrs, 14.04% of vol, VWAP $4.3125, 100.0% buys

Here's a trading breakdown by arbitrary price range.
$4.0000-$4.0501: 002118 shrs, 37.16% of vol, VWAP $4.0235, 000.0% buys
$4.1000-$4.1999: 002076 shrs, 36.43% of vol, VWAP $4.1421, 074.3% buys
$4.2000-$4.2500: 000705 shrs, 12.37% of vol, VWAP $4.2433, 100.0% buys
$4.3000-$4.3500: 000800 shrs, 14.04% of vol, VWAP $4.3125, 100.0% buys

Some day-to-day VWAP changes, with the end date shown and the percentage change from the prior day. Buy percentage is the last value on each line.
08/25 $4.3704 -00.11% 21.7%
08/26 $4.3854 +00.34% 18.9%
08/27 $4.3899 +00.10% 20.2%
08/28 $4.5376 +03.36% 05.1%
08/29 $4.4190 -02.61% 27.0%
09/02 $4.6808 +05.92% 68.9%
09/03 $4.5005 -03.85% 21.7%
09/04 $4.4672 -00.74% 22.1%
09/05 $4.4133 -01.21% 35.9%
09/08 $5.2195 +18.27% 81.9%
09/09 $4.1670 -20.16% 41.0%
09/10 $4.1214 -01.09% 50.9%
09/11 $4.1345 +00.32% 53.5%

There wasn't enough volume to justify breaking down larger and smaller trades today.

Here's my newer inflection point calculations. We continued for the second consecutive day with all six periods showing reducing weakness. But it is on low volume, equivalent to only 284,950 shares pre-split and so may still be just "noise" as the market adjusts to the new regime.
_5-day_ 10-day_ _25-day_ _50-day_ _100-day_ _200-day_
-111.30 -0260.00 -0638.62 -0929.50 -01879.95 -05021.03
-154.46 -0276.71 -0646.30 -0909.54 -01655.17 -04243.42
-174.72 -0229.02 -0677.36 -1032.04 -01772.54 -04889.32
-118.60 -0179.80 -0494.70 -0863.34 -01329.35 -03548.15
-126.82 -0213.13 -0580.97 -0993.15 -01670.96 -04693.76
-122.20 -0235.59 -0587.18 -0995.53 -01668.42 -04939.36
-056.43 -0227.37 -0595.78 -1028.55 -01760.79 -05268.13
-011.38 -0147.79 -0385.85 -0568.52 -00644.68 -01388.33
-064.11 -0219.21 -0639.96 -1274.05 -02232.67 -07129.92
-049.06 -0198.39 -0611.84 -1167.34 -02170.75 -06879.01
-027.52 -0164.20 -0588.90 -1082.89 -02013.00 -06390.46

"Dly Sht % of 'sells'" and inflection point changes here are in the latest daily post above.

09/10/2014: EOD stuff partially copied to the concentrator.
# Trds: 60, MinTrSz: 4, MaxTrSz: 1000, Vol: 10836, AvTrSz: 181
Min. Pr: 4.0000, Max Pr: 4.3600, VW Avg. Tr. Pr: 4.1214
# Buys, Shares: 24 5518, VW Avg Buy Pr: 4.1936
# Sells, Shares: 36 5318, VW Avg Sell Pr: 4.0466
# Unkn, Shares: 0 0, VW Avg Unk. Pr: 0.0000
Buy:Sell 1.04:1 (50.92% "buys"), DlyShts 2319 (21.40%), Dly Sht % of 'sells' 43.61%

Our friendly paint crew did the usual today. I hope no innocents get too badly burned by this on-going apparent attempt at deception. I have hope because the VWAP tells the true story on an on-going basis. Hopefully buy:sell and my experimental inflection point calculations are helping them avoid the potential damage.

Although it's early in the adjustment to the new regime, some things appear to be holding from the pre-split era. The middle weeks of the month began and continue to weaken after the last and first weeks of the month showed a "flat to mildly higher" price behavior. The directional relationship between buy percentage and daily short sales percentage seems to be coming back. Still too early to determine that though.

ATDF and NITE have picked up the gauntlet right where they left off pre-split. We saw some larger bids: 1K from ATDF, CSTI and NITE today. The highest of these, from CSTI was the pre-split equivalent of $0.0814. We also saw larger offers: 1.1K & 2K from ETRF, 1K & 2K from CDEL, and 800 from ARCA. They all began optimistically at the equivalent of $0.0840. By the end of the day ETRF dropped to an equivalent of $0.083.

FINRA's EOD REG SHO process still doesn't pick up odd lot trades. Today they were 955 shares, 8.81% of actual volume. There's likely a few (~20%?) short sales in those shares. I'll update [only in the blog] appropriately when final data arrives (the following morning sometime before market open). BTW, yesterday was similar, but with a smaller percentage of odd lot volume - 867 shares (4.21%). When the corrected FINRA file came in the next morning the short volume moved from 3,939 to 4,192 and calculated percentage moved from 19.11% to 20.33%.

This odd lot issue will be a problem for a long time. Another effect is that FINRA prohibits odd lots from being used as the closing price (must be a good reason, but I'll never know it). Also, if the day's low is set by an odd lot, as it was today, your service may not report that low price, but only a regular lot-size price.

E.g. During trading today Power ETrade Pro market depth reported the low of $4.01 even though it shows the odd-lot trade price of $4.00 in the trades displayed and includes the odd lot volume in its running total. :-\ Being an ex-programmer ...

Today was a medium-volume day, using the reverse-split adjusted volume equivalent of 541,800 shares traded. This is lower volume, down from yesterday's equivalent adjusted 1,030,850. In a few more days I'll stop detailing these equivalent volumes.

It's still too soon after the reverse split to tell if the directional correlation of buy and daily short percentage are back to normal, but it was looking possible yesterday with both lower. Today both the short percentage and buy percentage rose, so it's looking more likely now. I mentioned the choppy nature of the moves we should expect in the short percentage if it is doing a "leg up". That's looking like the case ATM but we'll have to continue to wait and see.

Yesterday I iterated that selling continues to dominate but it's really too soon to ascertain if this will hold in the new price regime. Today might be seen as a break out of the trend but it really is too soon to determine that. From 8/21 onward the selling was 78.17%, 78.20%, 71.3%, 94.9%, 71.44%, 5.3%, 76.6%, 77.9%, 63.9%, 18.1% (first day of split trading), 58.5% and 49.1% today.

Today's low, high, VWAP, trade volume, and daily short sales moved 12.68%, -16.95%, -01.09%, -47.44% and -44.68% respectively. Price spread today was 9.00% vs. 47.89%, 9.17%, 11.87%, 16.22%, 8.32%, 13.25%, 7.17%, 5.88% and 4.53% on prior days. I attributed yesterday's huge spread to just the market getting back to normal trading after the reverse split and I said expected it to begin to narrow as folks get a feel for "The New Normal". Today it looks like the adjustment is underway. We just need to let enough days pass to see where its center seems to be.

Here's a trading breakdown by arbitrary time-frames. The first period was three trades of seven shares. Odd lot trades were scattered throughout the day - 995 shares, ~8.8% of the day's volume. One odd-lot, at $4.00, was lower than the officially reported low of $4.01. See the breakdown by price.
09:40-09:40: 000021 shrs, 00.19% of vol, VWAP $4.0100, 000.0% buys
10:02-11:12: 002928 shrs, 27.02% of vol, VWAP $4.1425, 086.5% buys
11:26-11:55: 001820 shrs, 16.80% of vol, VWAP $4.1989, 080.3% buys
12:49-13:40: 000590 shrs, 05.44% of vol, VWAP $4.1983, 016.9% buys
14:01-14:41: 001176 shrs, 10.85% of vol, VWAP $4.1175, 024.3% buys
14:45-15:08: 002158 shrs, 19.92% of vol, VWAP $4.1468, 020.9% buys
15:09-15:43: 001893 shrs, 17.47% of vol, VWAP $4.0686, 025.8% buys
15:53-15:57: 000250 shrs, 02.31% of vol, VWAP $4.3380, 080.0% buys

Here's a trading breakdown by arbitrary price range.
$4.0000-$4.0000: 000022 shrs, 00.20% of vol, VWAP $4.0000, 000.0% buys
$4.0100-$4.0900: 003571 shrs, 32.95% of vol, VWAP $4.0683, 001.5% buys
$4.1000-$4.1600: 003242 shrs, 29.92% of vol, VWAP $4.1037, 063.1% buys
$4.2000-$4.2500: 003025 shrs, 27.92% of vol, VWAP $4.2174, 087.1% buys
$4.3000-$4.3600: 000976 shrs, 09.01% of vol, VWAP $4.3363, 080.4% buys

Some day-to-day VWAP changes, with the end date shown and the percentage change from the prior day. Buy percentage is the last value on each line.
08/22 $4.3751 -00.53% 39.3%
08/25 $4.3704 -00.11% 21.7%
08/26 $4.3854 +00.34% 18.9%
08/27 $4.3899 +00.10% 20.2%
08/28 $4.5376 +03.36% 05.1%
08/29 $4.4190 -02.61% 27.0%
09/02 $4.6808 +05.92% 68.9%
09/03 $4.5005 -03.85% 21.7%
09/04 $4.4672 -00.74% 22.1%
09/05 $4.4133 -01.21% 35.9%
09/08 $5.2195 +18.27% 81.9%
09/09 $4.1670 -20.16% 41.0%
09/10 $4.1214 -01.09% 50.9%

The larger trades (>= 400: tried 300 yesterday, adjusted for 50:1 reverse split, but that seemed to encompass too many trades. I mentioned I might need to modify this value as we gain experience) occurred on 6 of the 60 trades, 10.00% . These 4,070 shares were 37.56% of day's volume, and traded at a VWAP of $4.1600. 4 of the larger trades, 66.67%, were buys of 3,090 shares, 75.92% of the larger trades volume, and traded at a VWAP of $4.1885. 2 of the larger trades, 33.33%, were sells of 980 shares, 24.08% of the larger trades volume, and traded at a VWAP of $4.0701.

The other 54 trades, 90.00% of the day's trades, traded 6,766 shares, 62.44% of the days volume. The VWAP was $4.1352. 20 trades, 37.04%, were buys and accounted for 2,428 shares, 35.89% of the smaller trade volume, and traded at a VWAP of $4.2000. 34 trades, 62.96%, were sells and accounted for 4,338 shares, 64.11% of the smaller trade volume, and traded at a VWAP of $4.0413.

Here's my newer inflection point calculations. We switched from all six periods having increasing weakness yesterday to all periods with reducing weakness today on "medium" equivalent split-adjusted volume (see above). May still be just "noise" as the market adjusts to the new regime. A few more days should begin to tell the tale.
_5-day_ 10-day_ _25-day_ _50-day_ _100-day_ _200-day_
-089.12 -0281.96 -0624.81 -0957.18 -01872.24 -05205.92
-111.30 -0260.00 -0638.62 -0929.50 -01879.95 -05021.03
-154.46 -0276.71 -0646.30 -0909.54 -01655.17 -04243.42
-174.72 -0229.02 -0677.36 -1032.04 -01772.54 -04889.32
-118.60 -0179.80 -0494.70 -0863.34 -01329.35 -03548.15
-126.82 -0213.13 -0580.97 -0993.15 -01670.96 -04693.76
-122.20 -0235.59 -0587.18 -0995.53 -01668.42 -04939.36
-056.43 -0227.37 -0595.78 -1028.55 -01760.79 -05268.13
-011.38 -0147.79 -0385.85 -0568.52 -00644.68 -01388.33
-064.11 -0219.21 -0639.96 -1274.05 -02232.67 -07129.92
-049.06 -0198.39 -0611.84 -1167.34 -02170.75 -06879.01

"Dly Sht % of 'sells'" and inflection point changes here are in the latest daily post above.

09/09/2014: EOD stuff partially copied to the concentrator.
# Trds: 93, MinTrSz: 1, MaxTrSz: 1000, Vol: 20617, AvTrSz: 222
Min. Pr: 3.5500, Max Pr: 5.2500, VW Avg. Tr. Pr: 4.1670
# Buys, Shares: 36 8447, VW Avg Buy Pr: 4.2091
# Sells, Shares: 56 12070, VW Avg Sell Pr: 4.1404
# Unkn, Shares: 1 100, VW Avg Unk. Pr: 3.8200
Buy:Sell 1:1.43 (40.97% "buys"), DlyShts 3939 (19.11%), Dly Sht % of 'sells' 32.63%

Today was a high-volume day, using the reverse-split adjusted volume equivalent of 1,030,850 shares traded. As with most of the recent high-volume days, pressure was lower on the VWAP. Adjusted for the reverse-split our VWAP would be $0.0833, down -5.63% from Friday's $0.0883.

It's too soon after the reverse split to tell if the directional correlation of buy and daily short percentage are back to normal, but it's looking possible with both lower today and the short percentage exhibiting the choppy movements to be expected when it's making another "leg". We'll have to wait and see.

Selling continues to dominate but it's really too soon to ascertain if this will hold in the new price regime. From 8/20 onward the selling was 60.73%, 78.17%, 78.20%, 71.3%, 94.9%, 71.44%, 5.3%, 76.6%, 77.9%, 63.9%, 18.1% (first day of split trading) and 58.5% today.

Today's low, high, VWAP, trade volume, and daily short sales moved -21.11%, -4.55%, -20.16%, 1588.53% and 1,213.00% respectively. Price spread today was 47.89% vs. 9.17%, 11.87%, 16.22%, 8.32%, 13.25%, 7.17%, 5.88%, 4.53% and 5.69% on prior days. I attribute the huge spread to be just the market getting back to normal trading after the reverse split and expect it to begin to narrow as folks get a feel for "The New Normal".

Some day-to-day VWAP changes, with the end date shown and the percentage change from the prior day. Buy percentage is the last value on each line.
08/21 $4.3986 -00.65% 31.7%
08/22 $4.3751 -00.53% 39.3%
08/25 $4.3704 -00.11% 21.7%
08/26 $4.3854 +00.34% 18.9%
08/27 $4.3899 +00.10% 20.2%
08/28 $4.5376 +03.36% 05.1%
08/29 $4.4190 -02.61% 27.0%
09/02 $4.6808 +05.92% 68.9%
09/03 $4.5005 -03.85% 21.7%
09/04 $4.4672 -00.74% 22.1%
09/05 $4.4133 -01.21% 35.9%
09/08 $5.2195 +18.27% 81.9%
09/09 $4.1670 -20.16% 41.0%

The larger trades (>= 300 when adjusted for 50:1 reverse split I might need to modify this value as we gain experience) occurred on 26 of the 93 trades, 27.96%. These 13,823 shares were 67.05% of day's volume, and traded at a VWAP of $4.14. 11 of the larger trades, 42.31%, were buys of 5,765 shares, 41.71% of the larger trades volume, and traded at a VWAP of $4.14. 15 of the larger trades, 57.69%, were sells of 8,058 shares, 58.29% of the larger trades volume, and traded at a VWAP of $4.14.

The other 67 trades, 72.04% of the day's trades, traded 6,794 shares, 32.95% of the days volume. The VWAP was $4.22. 25 trades, 37.31%, were buys and accounted for 2,682 shares, 39.48% of the smaller trade volume, and traded at a VWAP of $4.35. 41 trades, 61.19%, were sells and accounted for 4,012 shares, 59.05% of the smaller trade volume, and traded at a VWAP of $4.14. 1 trade, 1.49%, was an unknown and accounted for 100 shares, 1.47% of the smaller trade volume, and traded at a VWAP of $3.82.

Here's my newer inflection point calculations. Consider the equivalent of high volume, in equivalent pre-adjusted shares, when noting that all six periods had increasing weakness today. I can't say if this is really high volume - it will take some time to start developing a feel for that.
_5-day_ 10-day_ _25-day_ _50-day_ _100-day_ _200-day_
-079.89 -0279.15 -0624.84 -0978.52 -01917.93 -05424.44
-089.12 -0281.96 -0624.81 -0957.18 -01872.24 -05205.92
-111.30 -0260.00 -0638.62 -0929.50 -01879.95 -05021.03
-154.46 -0276.71 -0646.30 -0909.54 -01655.17 -04243.42
-174.72 -0229.02 -0677.36 -1032.04 -01772.54 -04889.32
-118.60 -0179.80 -0494.70 -0863.34 -01329.35 -03548.15
-126.82 -0213.13 -0580.97 -0993.15 -01670.96 -04693.76
-122.20 -0235.59 -0587.18 -0995.53 -01668.42 -04939.36
-056.43 -0227.37 -0595.78 -1028.55 -01760.79 -05268.13
-011.38 -0147.79 -0385.85 -0568.52 -00644.68 -01388.33
-064.11 -0219.21 -0639.96 -1274.05 -02232.67 -07129.92

"Dly Sht % of 'sells'" and inflection point changes here are in the latest daily post above.

09/08/2014: EOD stuff partially copied to the concentrator.
# Trds: 13, MinTrSz: 1, MaxTrSz: 200, Vol: 1221, AvTrSz: 94
Min. Pr: 4.5000, Max Pr: 5.5000, VW Avg. Tr. Pr: 5.2195
# Buys, Shares: 8 1000, VW Avg Buy Pr: 5.2680
# Sells, Shares: 5 221, VW Avg Sell Pr: 5.0000
# Unkn, Shares: 0 0, VW Avg Unk. Pr: 0.0000
Buy:Sell 4.52:1 (81.90% "buys"), DlyShts 300 (24.57%), Dly Sht % of 'sells' 135.75%

A 50:1 reverse split was done effective with start of trading 9/8/2014. Many folks were not able to trade that day so both trade and short volume shouldn't be taken too seriously ... yet.

For that reason, no serious analysis for a few days.

Some day-to-day VWAP changes, with the end date shown and the percentage change from the prior day. Buy percentage is the last value on each line. Keep in mind the $0.0911 "crossing bid" on 8/28 when thinking about these. See the 8/15 EOD post for some exceptional conditions that were seen.
08/20 4.4273 -01.75% 51.3%
08/21 4.3986 -00.65% 31.7%
08/22 4.3751 -00.53% 39.3%
08/25 4.3704 -00.11% 21.7%
08/26 4.3854 +00.34% 18.9%
08/27 4.3899 +00.10% 20.2%
08/28 4.5376 +03.36% 05.1%
08/29 4.4190 -02.61% 27.0%
09/02 4.6808 +05.92% 68.9%
09/03 4.5005 -03.85% 21.7%
09/04 4.4672 -00.74% 22.1%
09/05 4.4133 -01.21% 35.9%
09/08 5.2195 +18.27% 81.9%

Here's my newer inflection point calculations. Consider the very low volume when noting that five of six periods had increasing weakness today, the five-day period being the exception with a minuscule improvement to less weakening.
_5-day_ 10-day_ _25-day_ _50-day_ _100-day_ _200-day_
-065.98 -0278.96 -0639.05 -0982.02 -02075.97 -05875.84
-079.89 -0279.15 -0624.84 -0978.52 -01917.93 -05424.44
-089.12 -0281.96 -0624.81 -0957.18 -01872.24 -05205.92
-111.30 -0260.00 -0638.62 -0929.50 -01879.95 -05021.03
-154.46 -0276.71 -0646.30 -0909.54 -01655.17 -04243.42
-174.72 -0229.02 -0677.36 -1032.04 -01772.54 -04889.32
-118.60 -0179.80 -0494.70 -0863.34 -01329.35 -03548.15
-126.82 -0213.13 -0580.97 -0993.15 -01670.96 -04693.76
-122.20 -0235.59 -0587.18 -0995.53 -01668.42 -04939.36
-056.43 -0227.37 -0595.78 -1028.55 -01760.79 -05268.13
-011.38 -0147.79 -0385.85 -0568.52 -00644.68 -01388.33

"Dly Sht % of 'sells'" and inflection point changes here are in the latest daily post above.

09/05/2014: EOD stuff partially copied to the concentrator.
# Trds: 153, MinTrSz: 58, MaxTrSz: 50000, Vol: 192638, AvTrSz: 1259
Min. Pr: 0.0851, Max Pr: 0.0929, VW Avg. Tr. Pr: 0.0883
# Buys, Shares: 123 69168, VW Avg Buy Pr: 0.0900
# Sells, Shares: 27 123170, VW Avg Sell Pr: 0.0873
# Unkn, Shares: 3 300, VW Avg Unk. Pr: 0.0883
Buy:Sell 1:1.78 (35.91% "buys"), DlyShts 3500 (01.82%), Dly Sht % of 'sells' 2.84%

We keep hitting that $0.0851 - today seven sells totaling 8K shares. Since none of these were best bid at the time of the trade - was best only pre-market at 9:10 and was "bested" by $0.0864 at 09:31 - I'm guessing these are some of Shaggydude4hire's trades through TradeKing?

The fading signs of strength mentioned yesterday, again on low volume, continues today. VWAP -01.21% on low volume again. Thankfully volume was down -36.40% so there's no indication from volume that we will plummet lower. But there's also no suggestion we'll move up.

For the following keep in mind continued very low volume (114K, 301K, 302K and ~193K now) and the time of the month pattern I've mentioned many times. The pattern of the bid or offer action that I suspect is manipulative in nature was back today, but not as strong or consistent. The bid side behaved much more normally today with NITE and ATDF continuing their battle, but somewhat less aggressively. On the offer side they also battled but had more frequent "resets" to higher prices before driving the offer down again. This resulted in the buy percentage increasing by 62.17% from 22.1% to 35.9%.

The traditional TA oscillators I watch, which all had negative ticks yesterday, went back to mixed again with RSI and Williams %R flat, ADX related, MFI and full stochastic all ticking lower, and momentum and accum./distrib. improving slightly. The lower VWAP supports yesterday's "Coming from a slight upward bias followed by a mixed bias I think this portends lower trading range on the near-term horizon". Volume is so low that we can't count on these indications though - it could easily switch again.

Add in that we have three consecutive days of lows at $0.0851 and three consecutive days of lower highs and VWAPs and the near-term doesn't look all that rosy.

The Bollinger bands, which had the lower limit already beginning to descend, has the upper limit beginning to descend too now. The upper and lower readings today are $0.1016 (after two days at $0.1018) and $0.0854, down from $0.0859 and $0.0864 prior to that.

My original non-traditional inflection point calculations improved slightly, going from five periods improved and one weaker (the 10-day period) to all six periods improved. Keep in mind the low volume it's again likely just "noise" as the only "larger" change is in the five-day period.

My newer version, in which I have more confidence, which had two showing less weakness and four showing increasing weakness, continued with that same configuration. Although the low volume may just be making this noisy right now, having two consecutive days in this same consistent configuration may warrant a greater belief in what they are suggesting.

After three consecutive days with buy and daily short percentages behaving as they should, based on history, we got a small break yesterday, which I termed inconsequential considering the volume. The disconnect continued today and I still think it inconsequential because the volume was even lower, down -36.40%. Buy percentage rose 62.17% to 35.9% while short percentage fell -74.9% to 1.82%. I think this is just noise.

The only real outliers were the three $0.929 buys of 100 shares each trade. This is 3.22% above the net lower price of $0.0900 which were the majority of the 119 100 share trades.

Selling continues to dominate as the bids hit far outweighed the offers hit. From 8/19 onward the selling was 68.3%, 60.73%, 78.17%, 78.20%, 71.3%, 94.9%, 71.44%, 5.3%, 76.6%, 77.9% and 63.9% today.

Today's low, high, VWAP, trade volume, and daily short sales moved 0.00%, -2.42%, -01.21%, -36.40% and -84.02% respectively. Price spread today was 9.17% vs. 11.87%, 16.22%, 8.32%, 13.25%, 7.17%, 5.88%, 4.53%, 5.69% and 8.24% on prior days.

The larger trades (>= 15K) occurred on 2 of the 153 trades, 1.31%. These 80,000 shares were 41.53% of day's volume, and traded at a VWAP of $0.0888. 1 of the larger trades, 50.00%, was a buy of 30,000 shares, 37.50% of the larger trades volume, and traded at a VWAP of $0.0900. 1 of the larger trades, 50.00%, was a sell of 50,000 shares, 62.50% of the larger trades volume, and traded at a VWAP of $0.0880.

The other 151 trades, 98.69% of the day's trades, traded 112,638 shares, 58.47% of the days volume. The VWAP was $0.0879. 122 trades, 80.79%, were buys and accounted for 39,168 shares, 34.77% of the smaller trade volume, and traded at a VWAP of $0.0900. 26 trades, 17.22%, were sells and accounted for 73,170 shares, 64.96% of the smaller trade volume, and traded at a VWAP of $0.0868. 3 trades, 1.99%, were unknowns and accounted for 300 shares, 0.27% of the smaller trade volume, and traded at a VWAP of $0.0883.

Here's a trading breakdown by arbitrary time-frames. Note that from 13:23 to 14:44 there were 119 trades of 100 shares, all but six at buys $0.0900. Three were unknown at $0.0883 and three were buys at $0.0929. Mixed in were trades 1 x 10K for $0.0867 at 13:25:54 (sell), 1 x 50K for $0.0888 at 13:28:42 (sell), 1 x 2.5K for $0.0864 (sell) at 14:29:33, and 1 x 2.5K for $0.0851 (sell) at that same time.
09:31-09:40: 035500 shrs, 18.43% of vol, VWAP $0.0899, 098.6% buys
10:01-11:04: 011500 shrs, 05.97% of vol, VWAP $0.0887, 069.6% buys
11:17-12:40: 012000 shrs, 06.23% of vol, VWAP $0.0882, 058.3% buys
13:04-13:27: 035800 shrs, 18.58% of vol, VWAP $0.0874, 002.2% buys
13:28-13:55: 054900 shrs, 28.50% of vol, VWAP $0.0882, 008.4% buys
14:00-14:29: 009300 shrs, 04.83% of vol, VWAP $0.0877, 046.2% buys
14:29-15:03: 006559 shrs, 03.40% of vol, VWAP $0.0875, 029.9% buys
15:32-15:58: 019569 shrs, 10.16% of vol, VWAP $0.0867, 000.0% buys
15:59-15:59: 007510 shrs, 03.90% of vol, VWAP $0.0900, 100.0% buys

Here's a trading breakdown by arbitrary price range. Note the 100 share trades mentioned above, regarding the majority at $0.0900, and add in 50K of shares at the price in larger trades of 30K, 8K, 7K and 5K. These were all buys.
$0.0851-$0.0867: 038170 shrs, 19.81% of vol, VWAP $0.0863, 000.0% buys
$0.0870-$0.0883: 085300 shrs, 44.28% of vol, VWAP $0.0877, 000.0% buys
$0.0900-$0.0900: 068868 shrs, 35.75% of vol, VWAP $0.0900, 100.0% buys
$0.0929-$0.0929: 000100 shrs, 00.05% of vol, VWAP $0.0929, 100.0% buys

Some day-to-day VWAP changes, with the end date shown and the percentage change from the prior day. Buy percentage is the last value on each line. Keep in mind the $0.0911 "crossing bid" on 8/28 when thinking about these. See the 8/15 EOD post for some exceptional conditions that were seen.
08/20 $0.0885 -01.75% 51.3%
08/21 $0.0880 -00.65% 31.7%
08/22 $0.0875 -00.53% 39.3%
08/25 $0.0874 -00.11% 21.7%
08/26 $0.0877 +00.34% 18.9%
08/27 $0.0878 +00.10% 20.2%
08/28 $0.0908 +03.36% 05.1%
08/29 $0.0884 -02.61% 27.0%
09/02 $0.0936 +05.92% 68.9%
09/03 $0.0900 -03.85% 21.7%
09/04 $0.0893 -00.74% 22.1%
09/05 $0.0883 -01.21% 35.9%

Here's my newer inflection point calculations. Consider the very low volume when noting that five of six periods had increasing weakness today, the five-day period being the exception with a minuscule improvement to less weakening.
_5-day_ 10-day_ _25-day_ _50-day_ _100-day_ _200-day_
-155.54 -0288.76 -0636.48 -1006.68 -02154.14 -06267.86
-065.98 -0278.96 -0639.05 -0982.02 -02075.97 -05875.84
-079.89 -0279.15 -0624.84 -0978.52 -01917.93 -05424.44
-089.12 -0281.96 -0624.81 -0957.18 -01872.24 -05205.92
-111.30 -0260.00 -0638.62 -0929.50 -01879.95 -05021.03
-154.46 -0276.71 -0646.30 -0909.54 -01655.17 -04243.42
-174.72 -0229.02 -0677.36 -1032.04 -01772.54 -04889.32
-118.60 -0179.80 -0494.70 -0863.34 -01329.35 -03548.15
-126.82 -0213.13 -0580.97 -0993.15 -01670.96 -04693.76
-122.20 -0235.59 -0587.18 -0995.53 -01668.42 -04939.36
-056.43 -0227.37 -0595.78 -1028.55 -01760.79 -05268.13

"Dly Sht % of 'sells'" and inflection point changes here are are in the latest daily post above.

09/04/2014: EOD stuff partially copied to the concentrator.
# Trds: 45, MinTrSz: 200, MaxTrSz: 23600, Vol: 302890, AvTrSz: 6731
Min. Pr: 0.0851, Max Pr: 0.0952, VW Avg. Tr. Pr: 0.0893
# Buys, Shares: 13 67062, VW Avg Buy Pr: 0.0911
# Sells, Shares: 32 235828, VW Avg Sell Pr: 0.0888
# Unkn, Shares: 0 0, VW Avg Unk. Pr: 0.0000
Buy:Sell 1:3.52 (22.14% "buys"), DlyShts 21900 (07.23%), Dly Sht % of 'sells' 9.29%

Today the opening trade was for 1K shares at $0.0851, so we are still challenging the $0.085 level almost every day.

The brief signs of strength yesterday suggesting an upward movement, on very low volume, faded quickly today, again on low volume. VWAP was down -03.85% along with volume up 163.60%, but still low.

For the following keep in mind continued very low volume (114K, 301K and 302K now), the consistent EOD tape painting (all buys of the offer again today in the last five minutes, but we did have some volume), and the time of the month pattern I've mentioned many times. Today broke the pattern of the bid or offer action that I suspect is manipulative in nature. Both sides behaved much more normally today except that NITE and ATDF continued their battle on the offer side. But the runs down were shorter before they "reset" to a higher offer and started the downward cycle again.

The traditional TA oscillators I watch, which were mixed, all got negative ticks today. Coming from a slight upward bias followed by a mixed bias I think this portends lower trading range on the near-term horizon.

The Bollinger bands, which briefly went parallel, now have the lower limit descending. The upper and lower readings today are $0.1018 (second day) and $0.0859, down from $0.0864.

My original non-traditional inflection point calculations improved slightly, switching to five periods improved and one weaker (the 10-day period) from a three-and-three split. Keep in mind the low volume it's again likely just "noise".

My newer version, in which I have more confidence, made only a minor improvement, switching from all showing more weakness to showing less weakness and four showing increasing weakness now. The low volume may just be making this noisy right now.

After the third consecutive day that buy and daily short percentages have behaved as they should, based on history, we had a small break today, but inconsequential considering the volume. Buy percentage rose 1.90% from 21.7% to 22.1% while short percentage fell 14.3% from 9.3% to 7.23%. I think this is just noise.

The only real outlier was the $0.0851 sell mentioned above.

Selling continued to dominate as the bids hit far outweighed the offers hit. From 8/18 onward the selling was 47.7%, 68.3%, 60.73%, 78.17%, 78.20%, 71.3%, 94.9%, 71.44%, 5.3%, 76.6% and 77.9% today.

Today's low, high, VWAP, trade volume, and daily short sales moved 0.00%, -3.74%, -00.74%, 0.63% and -21.79% respectively. Price spread today was 11.87% vs. 16.22%, 8.32%, 13.25%, 7.17%, 5.88%, 4.53%, 5.69%, 8.24% and 5.88% on prior days.

The larger trades (>= 15K) occurred on 8 of the 45 trades, 17.78%. These 153,310 shares were 50.62% of day's volume, and traded at a VWAP of $0.0888. 1 of the larger trades, 12.50%, were buys of 16,782 shares, 10.95% of the larger trades volume, and traded at a VWAP of $0.0879. 7 of the larger trades, 87.50%, were sells of 136,528 shares, 89.05% of the larger trades volume, and traded at a VWAP of $0.0889.

The other 37 trades, 82.22% of the day's trades, traded 149,580 shares, 49.38% of the days volume. The VWAP was $0.0899. 12 trades, 32.43%, were buys and accounted for 50,280 shares, 33.61% of the smaller trade volume, and traded at a VWAP of $0.0922. 25 trades, 67.57%, were sells and accounted for 99,300 shares, 66.39% of the smaller trade volume, and traded at a VWAP of $0.0888.

Here's a trading breakdown by arbitrary time-frames. Note that the first period includes the day's low, the first trade at $0.0851. Keep in mind the bid manipulation (?) I described above as the morning progressed. The last two entries are the tape painting.
09:30-10:56: 089890 shrs, 29.68% of vol, VWAP $0.0879, 024.4% buys
11:06-14:20: 120100 shrs, 39.65% of vol, VWAP $0.0900, 006.0% buys
14:21-15:47: 035000 shrs, 11.56% of vol, VWAP $0.0883, 000.0% buys
15:51-15:56: 036900 shrs, 12.18% of vol, VWAP $0.0914, 045.8% buys
15:58-15:59: 021000 shrs, 06.93% of vol, VWAP $0.0900, 100.0% buys

Here's a trading breakdown by arbitrary price range.
$0.0851-$0.0851: 001000 shrs, 00.33% of vol, VWAP $0.0851, 000.0% buys
$0.0872-$0.0886: 132710 shrs, 43.81% of vol, VWAP $0.0877, 012.6% buys
$0.0900-$0.0906: 144900 shrs, 47.84% of vol, VWAP $0.0900, 017.9% buys
$0.0928-$0.0928: 002400 shrs, 00.79% of vol, VWAP $0.0928, 100.0% buys
$0.0942-$0.0947: 018800 shrs, 06.21% of vol, VWAP $0.0946, 100.0% buys
$0.0952-$0.0952: 003080 shrs, 01.02% of vol, VWAP $0.0952, 100.0% buys

Some day-to-day VWAP changes, with the end date shown and the percentage change from the prior day. Buy percentage is the last value on each line. Keep in mind the $0.0911 "crossing bid" on 8/28 when thinking about these. See the 8/15 EOD post for some exceptional conditions that were seen.
08/19 $0.0901 -00.31% 37.1%
08/20 $0.0885 -01.75% 51.3%
08/21 $0.0880 -00.65% 31.7%
08/22 $0.0875 -00.53% 39.3%
08/25 $0.0874 -00.11% 21.7%
08/26 $0.0877 +00.34% 18.9%
08/27 $0.0878 +00.10% 20.2%
08/28 $0.0908 +03.36% 05.1%
08/29 $0.0884 -02.61% 27.0%
09/02 $0.0936 +05.92% 68.9%
09/03 $0.0900 -03.85% 21.7%
09/04 $0.0893 -00.74% 22.1%

Here's my newer inflection point calculations.
_5-day_ 10-day_ _25-day_ _50-day_ _100-day_ _200-day_
-175.00 -0284.99 -0657.58 -1053.02 -02330.95 -06797.51
-155.54 -0288.76 -0636.48 -1006.68 -02154.14 -06267.86
-065.98 -0278.96 -0639.05 -0982.02 -02075.97 -05875.84
-079.89 -0279.15 -0624.84 -0978.52 -01917.93 -05424.44
-089.12 -0281.96 -0624.81 -0957.18 -01872.24 -05205.92
-111.30 -0260.00 -0638.62 -0929.50 -01879.95 -05021.03
-154.46 -0276.71 -0646.30 -0909.54 -01655.17 -04243.42
-174.72 -0229.02 -0677.36 -1032.04 -01772.54 -04889.32
-118.60 -0179.80 -0494.70 -0863.34 -01329.35 -03548.15
-126.82 -0213.13 -0580.97 -0993.15 -01670.96 -04693.76
-122.20 -0235.59 -0587.18 -0995.53 -01668.42 -04939.36

"Dly Sht % of 'sells'" and inflection point changes here are in the latest daily post above.

09/03/2014: EOD stuff partially copied to the concentrator.
# Trds: 41, MinTrSz: 300, MaxTrSz: 35000, Vol: 301000, AvTrSz: 7341
Min. Pr: 0.0851, Max Pr: 0.0989, VW Avg. Tr. Pr: 0.0900
# Buys, Shares: 12 65400, VW Avg Buy Pr: 0.0936
# Sells, Shares: 28 230600, VW Avg Sell Pr: 0.0889
# Unkn, Shares: 1 5000, VW Avg Unk. Pr: 0.0960
Buy:Sell 1:3.53 (21.73% "buys"), DlyShts 28000 (09.30%), Dly Sht % of 'sells' 12.14%

We are still challenging the $0.085 level where the 590K bid at $0.085 is at, if it still exists. NITE has consistently had a bid better than $0.085, which would mask that 590K.

Today the opening trade was for 2K shares at $0.0851, putting the lie to yesterday's low of $0.0914. Both days have topped just below $0.10 at $0.099 and then $0.0989.

The brief signs of strength yesterday suggesting an upward movement, on very low volume, faded quickly today, again on low volume. VWAP was down -03.85% along with volume up 163.60%, but still low.

For the following keep in mind that very low volume, the consistent EOD tape painting, the bid action that I suspect is manipulative in nature, and the time of the month pattern I've mentioned many times.

With trading three consecutive days ending with a close above my descending trading channel, it's officially broken. Of course, it's thanks to consistent EOD tape painting and a sideways trading range that eventually just moved beyond the resistance line. It was also on very low volume and during the time of month when we have seen a trend of stable or even slightly higher price. I was wondering if the trend was intact and it seems it is.

The traditional TA oscillators I watch are mixed, with positive signs suggested by momentum ticking up to 0.9784 form 0.9519, Williams %R rising and near overbought, RSI ticking up to 42.04 from 41.50, and MACD histogram slightly positive at 0.002, where it's been for several days. RSI and momentum are still below neutral through. Negative weakening trends are shown by MFI, full stochastic and ADX related.

The Bollinger bands have transitioned from converging to mostly parallel with a slight upward bias. The upper and lower readings today are $0.1018 and $0.0864.

My original non-traditional inflection point calculations switched from all periods showing slightly less weakness to a three-and-three split. Keep in mind the low volume it's again likely just "noise".

My newer version, in which I have more confidence, switched from showing less weakness to all showing more weakness now. The low volume may just be making this noisy right now.

Yesterday it was looking like buy and daily short percentage directional correlations were back. I was still cautious with yesterday's volume. Today buy percentage was down and so was daily short percentage. Given the low volume I think this is suggesting that things are returning to normal. This is the third consecutive day they have behaved as they should, based on history.

Some interesting bid action, seen several times before, occurred today again.

Price started moving up right away as ATDF and NITE began an extended battle to drive the price range higher. From 9:30 to 10:19 they leapfrogged each other for twenty-four consecutive bid increases before any retreat was seen. Then it dropped from $0.095 all the way back to $0.0886 and then they started the move up again,but this time with more variety, interspersing retreats with increases. But from 13:07 to 14:29 they had another sixteen increases with no pullback.

I commented in the concentrator that I thought this was all quite suspicious.

Regardless, unlike yesterday we did not trade trade entirely above $0.09. So there was some normalcy to today's behavior.

The only real outliers were the $0.0851 opening sell mentioned above and the last two trades of $0.0936 for 4,500 shares and $0.0953 for 5,000 shares. This is the de rigueur EOD painting to make the charts look good and entice some unwary souls into making bad decisions, IMO.

Yesterday I cracked wise "Well, we know how to cure the sell percentage problem - DON'T TRADE!". But as usual people don't listen ;-) and the 163% volume increase brought a return of the selling! From 8/18 onward the selling was 47.7%, 68.3%, 60.73%, 78.17%, 78.20%, 71.3%, 94.9%, 71.44%, 5.3% and 76.6% today.

Today's low, high, VWAP, trade volume, and daily short sales moved -6.89%, -0.10%, -03.85%, 163.60% and -71.65% respectively. Price spread today was 16.22% vs. 8.32%, 13.25%, 7.17%, 5.88%, 4.53%, 5.69%, 8.24%, 5.88% and 13.25% on prior days.

The larger trades (>= 15K) occurred on 7 of the 41 trades, 17.07%. These 161,600 shares were 53.69% of day's volume, and traded at a VWAP of $0.0891. All were sells.

The other 34 trades, 82.93% of the day's trades, traded 139,400 shares, 46.31% of the days volume. The VWAP was $0.0910. 12 trades, 35.29%, were buys and accounted for 65,400 shares, 46.92% of the smaller trade volume, and traded at a VWAP of $0.0936. 21 trades, 61.76%, were sells and accounted for 69,000 shares, 49.50% of the smaller trade volume, and traded at a VWAP of $0.0882. 1 trades, 2.94%, was an unknown and accounted for 5000 shares, 3.59% of the smaller trade volume, and traded at a VWAP of $0.0960.

Here's a trading breakdown by arbitrary time-frames. Note that the first period includes the day's low, the first trade at $0.0851. Keep in mind the bid manipulation (?) I described above as the morning progressed. The last two entries are the tape painting.
09:30-09:51: 012500 shrs, 04.15% of vol, VWAP $0.0962, 080.0% buys
10:11-10:31: 045900 shrs, 15.25% of vol, VWAP $0.0931, 043.4% buys
10:36-12:05: 013500 shrs, 04.49% of vol, VWAP $0.0898, 081.5% buys
12:39-13:07: 146000 shrs, 48.50% of vol, VWAP $0.0884, 000.0% buys
13:27-13:38: 011000 shrs, 03.65% of vol, VWAP $0.0952, 090.9% buys
13:42-14:49: 059600 shrs, 19.80% of vol, VWAP $0.0888, 008.4% buys
14:55-15:47: 003000 shrs, 01.00% of vol, VWAP $0.0867, 000.0% buys
15:48-15:48: 004500 shrs, 01.50% of vol, VWAP $0.0936, 100.0% buys
15:54-15:54: 005000 shrs, 01.66% of vol, VWAP $0.0953, 100.0% buys

Here's a trading breakdown by arbitrary price range.
$0.0851-$0.0867: 009000 shrs, 02.99% of vol, VWAP $0.0856, 000.0% buys
$0.0870-$0.0883: 150600 shrs, 50.03% of vol, VWAP $0.0881, 000.0% buys
$0.0891-$0.0900: 078900 shrs, 26.21% of vol, VWAP $0.0895, 036.6% buys
$0.0936-$0.0953: 030500 shrs, 10.13% of vol, VWAP $0.0948, 031.1% buys
$0.0960-$0.0968: 021000 shrs, 06.98% of vol, VWAP $0.0960, 076.2% buys
$0.0979-$0.0979: 001000 shrs, 00.33% of vol, VWAP $0.0979, 100.0% buys
$0.0989-$0.0989: 010000 shrs, 03.32% of vol, VWAP $0.0989, 100.0% buys

Some day-to-day VWAP changes, with the end date shown and the percentage change from the prior day. Buy percentage is the last value on each line. Keep in mind the $0.0911 "crossing bid" on 8/28 when thinking about these. See the 8/15 EOD post for some exceptional conditions that were seen.
08/18 $0.0904 -05.18% 43.8%
08/19 $0.0901 -00.31% 37.1%
08/20 $0.0885 -01.75% 51.3%
08/21 $0.0880 -00.65% 31.7%
08/22 $0.0875 -00.53% 39.3%
08/25 $0.0874 -00.11% 21.7%
08/26 $0.0877 +00.34% 18.9%
08/27 $0.0878 +00.10% 20.2%
08/28 $0.0908 +03.36% 05.1%
08/29 $0.0884 -02.61% 27.0%
09/02 $0.0936 +05.92% 68.9%
09/03 $0.0900 -03.85% 21.7%

Here's my newer inflection point calculations. Being still in a low volume period, it's still hard to think today's entry is other than noise.
_5-day_ 10-day_ _25-day_ _50-day_ _100-day_ _200-day_
-218.93 -0282.36 -0691.61 -1072.74 -02349.09 -06946.85
-175.00 -0284.99 -0657.58 -1053.02 -02330.95 -06797.51
-155.54 -0288.76 -0636.48 -1006.68 -02154.14 -06267.86
-065.98 -0278.96 -0639.05 -0982.02 -02075.97 -05875.84
-079.89 -0279.15 -0624.84 -0978.52 -01917.93 -05424.44
-089.12 -0281.96 -0624.81 -0957.18 -01872.24 -05205.92
-111.30 -0260.00 -0638.62 -0929.50 -01879.95 -05021.03
-154.46 -0276.71 -0646.30 -0909.54 -01655.17 -04243.42
-174.72 -0229.02 -0677.36 -1032.04 -01772.54 -04889.32
-118.60 -0179.80 -0494.70 -0863.34 -01329.35 -03548.15
-126.82 -0213.13 -0580.97 -0993.15 -01670.96 -04693.76

"Dly Sht % of 'sells'" and inflection point changes here are in the latest daily post above.

09/02/2014: EOD stuff partially copied to the concentrator.
# Trds: 16, MinTrSz: 438, MaxTrSz: 23000, Vol: 114188, AvTrSz: 7137
Min. Pr: 0.0914, Max Pr: 0.0990, VW Avg. Tr. Pr: 0.0936
# Buys, Shares: 11 78688, VW Avg Buy Pr: 0.0940
# Sells, Shares: 1 6000, VW Avg Sell Pr: 0.0929
# Unkn, Shares: 4 29500, VW Avg Unk. Pr: 0.0927
Buy:Sell 13.11:1 (68.91% "buys"), DlyShts 98750 (86.48%), Dly Sht % of 'sells' 1645.83%

The one thing that had held steady was challenging the $0.085 level where the 590K bid at $0.085, if it still exists, lays. Not today - $0.0914 was the low. If trading had been a bit more than $10,689.82 worth of equities, maybe we could start turning handsprings.

We did trade entirely above $0.09. Whoopee. :-\

Despite my thoughts yesterday of no signs of strength suggesting an upward movement, we got some on very low volume. Combined with volume off 82.25%, we got a VWAP improvement of 05.92%. So I'm suspecting that we are still seeing the last/first week of the month "flat or even slightly improved" behavior. Recall that I was wondering if the pattern would hold. Best guess for the moment is that it is in play.

Regardless, the traditional TA stuff is presenting some positive signs. We now have two consecutive days with a close above my descending channel's resistance. We do need to keep the EOD tape painting in mind though. With the resistance at roughly $0.0905, even our VWAP has it's first day above that descending line. Keep in mind the very low volume though - no strength suggested by that.

My original non-traditional inflection point calculations have all periods showing slightly less weakness. Do keep in mind this is sensitive to volume and with today's low volume it's likely just "noise". Prior to the last two days the trend was lower in all periods but for the 200-day, and even that had begun to weaken.

My newer version, also sensitive to volume but slightly less dependent on it, is in agreement and should also be seen as just noise for now.

I suspect today was nothing but paint - so no EOD action discussion is really worthwhile.

Fun fact: through 13:47 we had 100% buys in 6 trades for 36,938 shares, 32.35% of the day's volume.

It looks like buy and daily short percentage directional correlations may be back ... although I'm still cautious with today's volume. Buy percentage was up 155.18% and daily short percentage was up 490.47%. I suspected something along these lines as I watched those buys through 13:47.

The only real outlier was a single buy of 5,250 shares for $0.0990, 4.21% above the next lower price of $0.0950.

The upper Bollinger limit has transitioned from decreasing its rate of descent getting almost flat now with the move from $0.1019 to $0.1018 today. The lower limit continues to make small improvements. It has moved from $0.0854, $0.0848, $0.0844, $0.0845, $0.0847, $0.085 to $0.0858 today.

Well, we know how to cure the sell percentage problem - DON'T TRADE! From 8/16 onward the selling was 55.44%, 47.7%, 68.3%, 60.73%, 78.17%, 78.20%, 71.3%, 94.9%, 71.44% and 5.3% today.

Today's low, high, VWAP, trade volume, and daily short sales moved 10.12%, 5.32%, 05.92%, -82.25% and 4.82% respectively. Price spread today was 8.32% vs. 13.25%, 7.17%, 5.88%, 4.53%, 5.69%, 8.24%, 5.88%, 13.25% and 7.05% on prior days.

The larger trades (>= 15K) occurred on 2 of the 16 trades, 12.50%. These 37,500 shares were 32.84% of day's volume, and traded at a VWAP of $0.0940. 1 of the larger trades, 50.00%, were buys of 23,000 shares, 61.33% of the larger trades volume, and traded at a VWAP of $0.0940. 1 of the larger trades, 50.00%, was an unknown of 14,500 shares, 38.67% of the larger trades volume, and traded at a VWAP of $0.0940.

The other 14 trades, 87.50% of the day's trades, traded 76,688 shares, 67.16% of the days volume. The VWAP was $0.0934. 10 trades, 71.43%, were buys and accounted for 55,688 shares, 72.62% of the smaller trade volume, and traded at a VWAP of $0.0940. 1 trade, 7.14%, was a sell and accounted for 6,000 shares, 7.82% of the smaller trade volume, and traded at a VWAP of $0.0929. 3 trades, 21.43%, were unknowns and accounted for 15,000 shares, 19.56% of the smaller trade volume, and traded at a VWAP of $0.0914.

Here's a trading breakdown by arbitrary time-frames.
10:28-11:30: 021938 shrs, 19.21% of vol, VWAP $0.0935, 100.0% buys
13:37-13:47: 015000 shrs, 13.14% of vol, VWAP $0.0929, 100.0% buys
15:56-15:57: 053250 shrs, 46.63% of vol, VWAP $0.0938, 071.8% buys
15:59-15:59: 024000 shrs, 21.02% of vol, VWAP $0.0939, 014.6% buys

Here's a trading breakdown by arbitrary price range.
$0.0914-$0.0915: 015000 shrs, 13.14% of vol, VWAP $0.0914, 000.0% buys
$0.0929-$0.0939: 051000 shrs, 44.66% of vol, VWAP $0.0933, 088.2% buys
$0.0940-$0.0950: 041938 shrs, 36.73% of vol, VWAP $0.0941, 065.4% buys
$0.0950-$0.0990: 006250 shrs, 05.47% of vol, VWAP $0.0984, 100.0% buys

Some day-to-day VWAP changes, with the end date shown and the percentage change from the prior day. Buy percentage is the last value on each line. Keep in mind the $0.0911 "crossing bid" on 8/28 when thinking about these. See the 8/15 EOD post for some exceptional conditions that were seen.
08/15 $0.0953 -01.62% 15.5%
08/18 $0.0904 -05.18% 43.8%
08/19 $0.0901 -00.31% 37.1%
08/20 $0.0885 -01.75% 51.3%
08/21 $0.0880 -00.65% 31.7%
08/22 $0.0875 -00.53% 39.3%
08/25 $0.0874 -00.11% 21.7%
08/26 $0.0877 +00.34% 18.9%
08/27 $0.0878 +00.10% 20.2%
08/28 $0.0908 +03.36% 05.1%
08/29 $0.0884 -02.61% 27.0%
09/02 $0.0936 +05.92% 68.9%

Here's my newer inflection point calculations. In spite of the odd trading the last couple days, the predicted weakening in these metrics seems to be appearing as we went from the 5, 10, 25-day periods all weaker but the 50, 100 and 200-day periods less weak to one period marginally improved, the 10-day, and five weaker. I'll need to see more consistency though before deciding it's really a trend - volume has been somewhat unstable, although becoming slowly more stable in a somewhat normal range.
_5-day_ 10-day_ _25-day_ _50-day_ _100-day_ _200-day_
-228.96 -0302.19 -0717.36 -1085.17 -02658.70 -07442.64
-218.93 -0282.36 -0691.61 -1072.74 -02349.09 -06946.85
-175.00 -0284.99 -0657.58 -1053.02 -02330.95 -06797.51
-155.54 -0288.76 -0636.48 -1006.68 -02154.14 -06267.86
-065.98 -0278.96 -0639.05 -0982.02 -02075.97 -05875.84
-079.89 -0279.15 -0624.84 -0978.52 -01917.93 -05424.44
-089.12 -0281.96 -0624.81 -0957.18 -01872.24 -05205.92
-111.30 -0260.00 -0638.62 -0929.50 -01879.95 -05021.03
-154.46 -0276.71 -0646.30 -0909.54 -01655.17 -04243.42
-174.72 -0229.02 -0677.36 -1032.04 -01772.54 -04889.32
-118.60 -0179.80 -0494.70 -0863.34 -01329.35 -03548.15

"Dly Sht % of 'sells'" and inflection point changes here are in the latest daily post above.

Analyst's Disclosure: The author is long AXPW.

I am very experimental and sometimes do my TA in non-traditional 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. :-)

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