Markets Overview

Jd French Has Had Over 25 Followers Rank: 140 Followers: 29 Votes: 1 Years Member: 13 Last Update: 3 April 2017, 10:33 Categories: General Market Commentary
Sector / Industry Analysis
Market Breadth Analysis

There is only one side to the stock market; and it is not the bull side or the bear side, but the right side. -Jesse Livermore
By following distribution days, churning, stalling,& market action one can increase the odds of being correct in ones trading decisions.

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$COMPQ

Ways a distribution day can fall off the count. The first is by the calendar. After 25 sessions, a distribution day expires. The count falls by one.
A second way a distribution day can fall off the count is for the index to rise 6%, on an intraday basis, from its close on the day the higher-volume loss appears.

http://www.naaim.org/newsresources/naaim-exposure-index/

$INDU

$Naz McClellan Oscillator

Oversold conditions start at minus 40 and get deeply oversold at the minus 60 to minus 70 areas.Readings above +100 are considered overbought and below -100 oversold. Overbought and oversold readings may vary among indices and historical precedent. Buy signals are generated when the oscillator advances from oversold levels to positive territory. Sell signals are generated on declines from overbought to negative territory.
When oscillator closes almost unchanged it often leads to a big move one way or the other within two days.

Buy signals are typically generated when the McClellan Oscillator falls into the oversold area of -70 to -100 and then turns up. Sell signals are generated when the oscillator rises into the overbought area of +70 to +100 and then turns down.
If the oscillator goes beyond these areas (i.e., rises above +100 or falls below -100), it is a sign of an extremely overbought or oversold condition. These extreme readings are usually a sign of a continuation of the current trend.
For example, if the oscillator falls to -90 and turns up, a buy signal is generated. However, if the oscillator falls below -100, the market will probably trend lower during the next two or three weeks. You should postpone buying until the oscillator makes a series of rising bottoms or the market regains

$NAZ McClellan Summation Index

Summation index generally oscillates between 0 and 2000 although it can move outside of this range during extreme or unusual market conditions. Historically, major market bottoms occur after the index falls below -1000. Readings above +1600 often indicate a major top is near. Top and bottom signals carry more significance if the index is also diverging from the associated market average. According to the McClellans, the beginning of a new bull market is signaled if the NYSE-based Summation index first moves below the -1200 level and then quickly rises above +2500.

-Look for major bottoms when the Summation Index falls below -1,300.
-Look for major tops to occur when a divergence with the market occurs above a Summation Index level of +1,600.
-The beginning of a significant bull market is indicated when the Summation Index crosses above +1,900 after moving upward more than 3,600 points from its prior low (e.g., the index moves from -1,600 to +2,000).

$NY Composite

$NY McClellan Oscillater

http://www.decisionpoint.com/TAcourse/AboutMcOsi.html

Oversold conditions start at minus 40 and get deeply oversold at the minus 60 to minus 70 areas.Readings above +100 are considered overbought and below -100 oversold. Overbought and oversold readings may vary among indices and historical precedent. Buy signals are generated when the oscillator advances from oversold levels to positive territory. Sell signals are generated on declines from overbought to negative territory. A bull market starts when the McClellan Summation index goes from minus 2000 to plus 1000 -Zanger

Buy signals are typically generated when the McClellan Oscillator falls into the oversold area of -70 to -100 and then turns up. Sell signals are generated when the oscillator rises into the overbought area of +70 to +100 and then turns down.
If the oscillator goes beyond these areas (i.e., rises above +100 or falls below -100), it is a sign of an extremely overbought or oversold condition. These extreme readings are usually a sign of a continuation of the current trend.
For example, if the oscillator falls to -90 and turns up, a buy signal is generated. However, if the oscillator falls below -100, the market will probably trend lower during the next two or three weeks. You should postpone buying until the oscillator makes a series of rising bottoms or the market regains

$NY McClellan Summation

Summation index generally oscillates between 0 and 2000 although it can move outside of this range during extreme or unusual market conditions. Historically, major market bottoms occur after the index falls below -1000. Readings above +1600 often indicate a major top is near. Top and bottom signals carry more significance if the index is also diverging from the associated market average. According to the McClellans, the beginning of a new bull market is signaled if the NYSE-based Summation index first moves below the -1200 level and then quickly rises above +2500. A bull market starts when the McClellan Summation index goes from minus 1200 to plus 1000 -Zanger

$Put Call Ratio

$SML-S&P 600 Small Cap Index

$SPX - Daily HLC Bars, 1024 (w/Buttons)

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