The Nasdaq McClellan Oscillator 10 day moving average is oversold and setup for a bounce. There have been three lower highs since March indicating a decline of momentum over time.
Entries Tagged as 'McClellan Index'
Oversold Bounce with Little Volume
October 5th, 2009 No Comments
Tags: Market Internals · McClellan Index
Weekend Outlook – 26Jul09
July 26th, 2009 2 Comments
The market is overbought but I am guessing price will rise for a few more weeks before correcting for several months.
Tags: Advance-Decline · Gann Emblem · Market Outlook · McClellan Index
Weekend Outlook – 19Jul09
July 19th, 2009 No Comments
The internals are pointing higher for the Nasdaq. The Advancing minus Declining volume continues to make a new highs along with the Nasdaq. The NAUD is actually leading the Nasdaq Composite higher.
Tags: DJIA-Dow Crash 1929-1942 · Market Internals · Market Outlook · McClellan Index · Nasdaq Charts (IXIC)
Weekend Outlook – 28Jun09
June 28th, 2009 No Comments
The Nasdaq has been correcting for 15 days off the high and another 15 days with setup a the market in a bullish position.
Tags: Gann Emblem · Market Outlook · McClellan Index · Nasdaq Charts (IXIC)
NYSE Summation Index and McClellan Oscillator
April 28th, 2009 No Comments
The NYSE Summation Index looks very strong and has not weakened during the recent churning of the market.
Tags: Market Internals · McClellan Index · New York Stock Exchange (NYSE)
Internals Overbought But Weakening
April 21st, 2009 No Comments
The Percent Price Oscillator is a internal metric I use to judge trend strength. The two parts are the lines and the histogram. Often the histogram signals a change a week or two before price changes direction.
Tags: Market Internals · McClellan Index
Pausing Before Another Thrust Up Attempt
April 1st, 2009 No Comments
The second cycle off the November to January Nasdaq Composite (COMPQ) range completed yesterday. Price dropped back to the 50% price retrace as expected after completing the first cycle at the 50% level.
Tags: McClellan Index · Nasdaq Charts (IXIC) · New York Stock Exchange (NYSE)
Market Moving Towards Overbought
March 19th, 2009 No Comments
The market internals show price has at least another week of strength.
Tags: Advance-Decline · McClellan Index
Strong Move Needs Follow Through
March 10th, 2009 2 Comments
The oversold market has turned up on higher volume. A strong follow through this week is needed to continue the move up.
Tags: Advance-Decline · McClellan Index · New York Stock Exchange (NYSE)
Lower Volume on the Decline Today
March 3rd, 2009 2 Comments
The market continues down but the volume is lessening each day.
Tags: Market Internals · McClellan Index · Volume
Market Internals Weak
February 21st, 2009 No Comments
The market internals such as the advance-decline, high-low, and summation lines are very weak.
Tags: Advance-Decline · Market Internals · McClellan Index · Nasdaq Charts (IXIC) · New York Stock Exchange (NYSE)
Weekend Outlook – 18Jan09
January 18th, 2009 No Comments
There is not much new to talk about this weekend. The market broke the recent swing low with a six day drop. It is very rare that a move in any direction will exceed seven days so the bounce was expected. Price remains below the last swing.
Tags: Advance-Decline · Biotechnology (BBH) · Market Outlook · McClellan Index
Below Swing Low and Not Oversold
January 14th, 2009 No Comments
The SPX took out the recent swing low and is not oversold yet.
Tags: Advance-Decline · McClellan Index
Remember When 1.5 Percent Was A Good Move?
January 6th, 2009 No Comments
A one point five percent move on the Nasdaq was unimpressive when compared to the moves of the past several months.
Tags: McClellan Index · Nasdaq Charts (IXIC) · Volume
Narrow Range Day Into Overbought Market
January 5th, 2009 No Comments
Today was a narrow range day on higher volume, but the number of shares traded remained below the 50 day moving average.
Tags: McClellan Index · Volume
Nice Consolidation Day Working Off Overbought
December 12th, 2008 No Comments
Price recovered to slightly positive after being down early in the morning. Volume was low and price appears to be setting up for another run at the 50dma.
Tags: McClellan Index
SPX Has Low Volume Inside Day at 50dma
December 9th, 2008 10 Comments
The SPX bounced off the 50 day moving average on low volume today. Price did not exceed the high or low from yesterday – making this an inside day.
Low Volume Day Waiting for Follow Through
November 17th, 2008 4 Comments
Tomorrow is day four of the move off the lows last week. The market remains in position to move higher as price is above the low of the high volume up day last week. Tomorrow would be a good day for another big up bar on volume. I don’t have any idea if we get it. But a second thrust up on day four would be encouraging.
Tags: Market Internals · McClellan Index · New York Stock Exchange (NYSE) · Volume
Market Internals No Where Near Overbought
October 28th, 2008 2 Comments
The internals of the market remain oversold after large move today.
Tags: Advance-Decline · Market Internals · McClellan Index · New York Stock Exchange (NYSE)
McClellan Oscillators Turning Up
October 21st, 2008 No Comments
The 10 day moving average of the Nasdaq and NYSE McClellan Oscillators has turned up. This is almost always a good sign after a long oversold period.
Tags: Advance-Decline · Market Internals · McClellan Index