jamison.gaddy

jamison.gaddy

Looks like #BIG6 are being sold into strength while the markets remain flat

jamison.gaddy

We seeing bullish rotation of the "point of control." Be aware of the overhead "gap" that remains as it will be an opportunity for trapped longs to exit trades with minimal losses. We will likely see longs who accumulated through Mar/Apr/May take some profits. These actions are likely to create some near term resistance. This may also result in prices...

jamison.gaddy

All things considers BREXIT did not generate a greater amount cumulative selling relative to Jan/Feb selloff. I believe the BREXIT volume was very close to the largest ever; however, we can appreciate very little downward follow through after the decline. This is because buyers were absorbing supply. Yesterday's rally "erased Monday's losses creating a...

jamison.gaddy

WYNN saw DISTRIBUTION into resistance April 7, 2016; however, when support was tested there was no selling pressure. Friday's close is the highest close in 10 months. 150 sma crossed over the 200 sma in May Bullish ascending channel 18% upside to retest demand where longer term supply is established. This would also close the April 2014 "GAP."

jamison.gaddy

I chose the daily timeframe; however, it is labeled to reflect 60 min, 240 min TF as well. This is useful because you can begin to appreciate how accumulation and distribution of different timeframes influence others. 2016 started with "preliminary supply" (PSY) followed by the Feb "selling climax" (SCLX). The subsequent "automatic rally" or "dead cat bounce"...

jamison.gaddy

SPY saw its largest outflow of capital in that last month or so.

jamison.gaddy

Pretty crazy!

jamison.gaddy

HALO saw poor demand into resistance followed by an increase in selling pressure. This is usually characteristic of DISTRIBUTION; however, price did not close below support. This is because demand exceeded supply. This is a signs that BULLS are attempting to "absorb" supply. Even in the face of indecision longs have an opportunity to buy support offering a...

jamison.gaddy

Bulls are attempting absorb the supply evidence by the higher lows present. The theme remains that demand exceeds supply. Given that prices closed on support I believe a LONG entry is reasonable with a "tight stop" as shorts are buying into resistance. I believe we are seeing strong hands maintain their positions while new entries respect that they are...

jamison.gaddy

Feel free to share ideas!

jamison.gaddy

GS was clear signs of buying or bullish absorption earlier this year. Early April GS pullback to test and define the number of "weak hands" that were remaining. The test produced very little selling and resulting in price finding bids into resistance. Now that the "gap" is closed there appear to be very little demand and a weak close for the week would imply...

jamison.gaddy

BAC is showing signs of Accumulation. We can first reference the "preliminary supply" (PSY) in the end of 2015 followed by a "selling climax" (SCLX). The SCLX is a sign of a stopping actions and marks the beginning of possible accumulation. The "automatic rally" is the "dead cat bounce" that allows us to identify future resistance. This was followed by...

jamison.gaddy

review notes

jamison.gaddy

I have been pretty consistent that GS has been in distribution. The most recent attempt and failure marks the "last point of supply" (LPSY) before bears attempt to put in another "sign of weakness" (SOW).

jamison.gaddy

-Good Luck!

jamison.gaddy

Not sure I put to much weight on the matter, but it looks like prices are attempting to return within the spiral

jamison.gaddy

The monthly chart allows use to see the struggle that is truly presenting. Bulls are having a difficult time defending this price level and confirming 2012 resistance as support. We can also see that prices are trading above the long term trendline. A test of the "trendline" would violate the current 50% retracement and support additional distribution. This...

jamison.gaddy

I think this is a great chart and study of the application of Wyckoff. I don't claim to be an expert as only studied a few publications; however, I diligently apply it as I find logic more applicable to "technicals." 1st I'm not sure I would over-react; but longs should be aware that we may be witnessing DISTRIBUTION on a QUARTERLY timeframe. Prices are...