Hey mooers,
After learning how to look for divergences between price and volume in the previous post, it's time to learn how to use on-balance volume (OBV) to confirm the underlying trend.
Traders often use the OBV to look for trend confirmations or try to correctly identify the strength and the direction of the ongoing trend. The OBV line's slope is also helpful. A trend accompanied by an OBV line with a steeper slope ...

Pessimism among individual investors about the short-term direction of the stock market fell for the fourth straight week in the latest AAII Sentiment Survey. Optimism, meanwhile, is above 30% for the first time in over two months.
Sentiment
Bullish sentiment
- Expectations that stock prices will rise over the next six months, rose 2.8 percentage points to 30.6%.
- This is the highest level of optimism recorded since June 2, 2022 (32...

Where we are now in the 5 stages of bear-market grief?
The market has seen an uptrend since last week after a prolonged decline this year.
The short-term but complete recovery has sparked debate among investors about whether and when it's time to buy the dip.
The bottom-fishing phenomenon is more likely a "slope of hope" which is pretty typical in a bear market.
That doesn't mean U.S. stocks can't stage an impressive rally from current levels.If ...