Thursday, May 7, 2015

150507-McClellan Ossicilator Update

The market bounced off of yesterday's oversold levels in the McClellan Oscillator. At the worst part of the day yesterday SPX was down to the -3 STDEV Bollinger Band and bounced. However the chart, and the daily candles don't look like this the market is forming a bottom here. At best I would expect the SPX to test the 200 day moving average which is 3% below today's close.
Cycle Update

Tuesday, April 7, 2015

4-7-15 Cycles Analysis

The wandering of a 21 day and 22 day cycle

Thursday, December 26, 2013

The Christmas Rally Continues

Don't fight the FED. The crossovers in the MACD's generally result in 15-20 trading days of upward movement. We are just starting.

The McClellan Oscillator and Summation Index
at the close on Dec 26 2013

Tuesday, October 1, 2013

Update on Oct 1st (the sequester day)

The current corrective phase is at the mercy of politics> The cycles and othe indicators suggest another week of choppy behavior.

The McClellan Oscillator and SUM Index
This is in a minor corrective phase within an uptrend
Click images to enlarge

The S&P 500 index with 15 day cycle

The Nasdaq Composite index with 15 day cycle

The QQQ with 15 day cycle (10/2 close)

Monday, September 2, 2013

Oversold- Working on a bottom

A long term chart of the McClellan Oscillator and Summation Index In oversold territory but I expect more choppy action, possibly lower lows before a reversal.

Click to Enlarge