Smoking Securities

Half Baked High Finance

Posts Tagged ‘NYMO

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

S&P 500 Bullidex ($ES_F $SPY $SPX)

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This post is graphic heavy but the message is clear, increased shorting and liquidity are the modi operandi.

Until these charts begin to print X’s, the S&P 500 is not a safe investment.

Volatility is increasing relative to the number of strong performing stocks, reducing the odds of successful investment as market breadth wanes unfavorably. The number of stocks at highs is falling as less stocks rise and fewer trade above the 50dma. Raising cash and shorting leveraged ETFs like FAS is a sound approach in the coming week.

Written by chucklesamadeus

May 24, 2009 at 2:58 pm