Cycle Update |
FutureModern Finance
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.
Tuesday, April 7, 2015
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)
Monday, September 2, 2013
Oversold- Working on a bottom
Subscribe to:
Posts (Atom)