Swing Trading

SPX and McClellan

The broad stock market is in a very difficult spot to be initiating new positions. Please observe the chart of the S&P 500 Index (SPX) below. Frankly, we are hard pressed to provide a clear view of the stock market’s next move. Coming off yesterday’s extremely weak day, SPX closed just under its 200 day […]

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Swing Trading

McClellan Signal Near

We’ve touted the McClellan Oscillator here in the past as one of the most reliable indicators of bottom reversal levels. We’re posting the chart below to alert traders that the oscillator is approaching the current extreme level of -204.00 (revised from -180.00). Those who need more proof of the McClellan Oscillator’s validity can look back […]

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Swing Trading

McClellan Indicating Oversold Market

Please observe the chart below. Those who have followed us for some time know that we view the McClellan Oscillator as a reliable indicator. The green circles highlight each time McClellan has hit our oversold level at -204. Green circles on the price chart highlight the corresponding point of each McClellan signal. In each instance, […]

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Swing Trading

SPX and the McClellan Oscillator

An updated chart of the S&P 500 Index (SPX) and the McClellan Oscillator is pictured below. The red circle highlights the latest reading of the McClellan Oscillator. Our readers know by now that we look for a reading under -180.00 to declare SPX “oversold”. McClellan still has a ways to go before bulls should begin […]

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Swing Trading

SPX Conflicting Information

The S&P 500 Index (SPX) is at a cross road as described below. Several conflicting indications are prevalent on the daily chart of SPX. In the bullish camp, it’s possible that yesterday’s re-test of the ascending channel’s 50.0% level may prove to be the second leg of a double bottom. If this were the case […]

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Swing Trading

McClellan Oscillator Alert

Heads up on the current location of the NYSE McClellan Oscillator which is pictured below. It’s been four months since the McClellan Oscillator reached the -180 (or lower) level. The last six times the oscillator came within a reasonable distance of the level are highlighted in yellow versus the respective points on the daily chart […]

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Swing Trading

McClellan Beacon

Heads up for FOMC minutes at 2:00 pm today, along with the McClellan Oscillator reading on the chart below. We’ve discussed the McClellan Oscillator here a good number of times and it’s time to bring it to reader’s attention again. On yesterday’s sell off, McClellan reached the area of recent levels around 160.00 (yellow highlight). […]

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Swing Trading

Combining SPX Support Levels with the McClellan Oscillator

The following chart of the S&P 500 Index (SPX) is offered as an add on to the latest ShadowTrader Video Weekly by Peter Reznicek found here. The magenta circle on the chart above encompasses the support levels of the SPX that could come into play this week. As price moves this week, we will also […]

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Tasty Trade (ShadowTrader Uncovered)

ShadowTrader Uncovered | The McClellan Oscillator with Danno

ShadowTrader Uncovered, with your hosts Brad Augunas and Peter Reznicek, airs weekdays at 2:30pm EST on the tastytrade network which can be viewed free at tastytrade.com In this second half of a two part series, Danno from ShadowTraderPro Swing Trader talks about how he uses the McClellan Oscillator for longer term analysis of the S&P […]

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Swing Trading

McClellan Near Oversold…

The combination of the oversold indications provided in today’s Sector Trend Scores section, and the status of the McClellan Oscillator pictured below has us expecting a reversal as soon as within the next 2 trading days. We’ve discussed the reliability of the McClellan Oscillator in past posts and highlighted examples of positive signals with green […]

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Swing Trading

QQQ Potential Double Bottom

First we’d like to mention that the McClellan Oscillator reading discussed in the May 16 post officially signaled oversold yesterday with a move below the -180 level on the TOS platform. In addition, our proprietary measure of broad market money flow has seen a little bullish divergence over the past five days (although modest) while […]

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Swing Trading

McClellan Inching Toward Important Reading

The McClellan Oscillator is likely to provide the best indication of a market reversal this week. Please observe the chart below. While the S&P 500 Index (SPY) approaches the bottom of the short term channel, the McClellan Oscillator is inching its way toward an oversold reading which we have found to be -180 on the […]

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Swing Trading

This Oscillator is Hard to Ignore.

Good morning traders. We’ve featured the McClellan Oscillator in a number of previous posts. The indicator has proven itself to be one of the most useful and is difficult to ignore. We’ve gleaned some insight from its current reading on the chart below. The red circles highlight the last three lows of the S&P 500 […]

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