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. […]
Tag: McClellan
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). […]
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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 […]
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 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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
We Bring News of An Oversold Market
Good morning traders. One is hard pressed to find indicators not pointing to oversold, including the McClellan Oscillator. Please observe the chart below. We are now looking to take advantage of a market that is quite stretched to the downside. Our target […]
Hello Again … McClellan Oscillator
Good morning traders.There is no doubt yesterday was a tough one for the bulls, but Kate Smith hasn’t sung just yet. Please observe the chart below. Each of the twelve green circles on the lower McClellan Oscillator study represents […]