Smoking Securities

Half Baked High Finance

NYSE McClellan Oscillator ($SPY)

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NYMO090624The best market news I’ve seen is the positive move in the NYSE McClellan Oscillator. This is a very handy short term indicator, and it is saying we have more bounce on the way. It remains below the zero mark so I’m not in a rush to get invested, but I’m getting less cautious about the short term trend.

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Written by chucklesamadeus

June 24, 2009 at 9:33 pm

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