Intraday Update (McClellan Oscillator Set to Trigger a Signal at Today’s Close)
By
Rennie on Thursday, July 16th, 2009 at 3:14 pm
Advancing issues outnumbering decliners by nearly 1,000 on the NYSE today. Should this spread remain above 550 heading into the close, it will keep the NYSE McClellan Oscillator in overbought territory (>+150) a second consecutive session. That would trigger a sell signal that would remain in effect until the McClellan falls back to more average territory. The table below lists the last thirty instances in which the McClellan closed over +150 two consecutive sessions, along with the S&P’s performance by the time the McClellan fell back under +100. Note that in 27 cases, or 90% of the time, the S&P was at a lower level when the McClellan fell back under +100…
McClellan Over +150 Two Days Running
07/16/09… S&P500 ??? when McClellan <100
04/16/09… S&P500 -3.8% when McClellan <100
04/13/09… S&P500 -3.1% when McClellan <100
04/02/09… S&P500 -2.3% when McClellan <100
03/16/09… S&P500 +4.5% when McClellan <100 (*)
12/31/08… S&P500 -3.7% when McClellan <100
12/17/08… S&P500 -4.6% when McClellan <100
12/03/08… S&P500 -0.2% when McClellan <100
11/28/08… S&P500 -8.9% when McClellan <100
10/31/08… S&P500 -6.6% when McClellan <100
08/06/08… S&P500 -1.8% when McClellan <100
07/23/08… S&P500 -2.3% when McClellan <100
04/02/08… S&P500 -1.0% when McClellan <100
02/01/08… S&P500 -4.2% when McClellan <100
12/07/07… S&P500 -1.8% when McClellan <100
10/02/07… S&P500 -0.5% when McClellan <100
09/19/07… S&P500 -0.7% when McClellan <100
09/04/07… S&P500 -2.4% when McClellan <100
03/22/07… S&P500 -0.4% when McClellan <100
08/17/06… S&P500 +0.0% when McClellan <100
07/03/06… S&P500 -1.7% when McClellan <100
01/09/06… S&P500 -0.3% when McClellan <100
11/25/05… S&P500 -0.9% when McClellan <100
06/02/05… S&P500 -0.8% when McClellan <100
05/19/05… S&P500 -0.1% when McClellan <100
05/25/04… S&P500 +1.6% when McClellan <100(*)
09/03/03… S&P500 -0.3% when McClellan <100
04/23/03… S&P500 -2.2% when McClellan <100
11/04/02… S&P500 -1.5% when McClellan <100
08/16/02… S&P500 -1.2% when McClellan <100
12/29/00… S&P500 -1.9% when McClellan <100
Intraday Update (McClellan Oscillator Set to Trigger a Signal at Today’s Close)
By Rennie on Thursday, July 16th, 2009 at 3:14 pmAdvancing issues outnumbering decliners by nearly 1,000 on the NYSE today. Should this spread remain above 550 heading into the close, it will keep the NYSE McClellan Oscillator in overbought territory (>+150) a second consecutive session. That would trigger a sell signal that would remain in effect until the McClellan falls back to more average territory. The table below lists the last thirty instances in which the McClellan closed over +150 two consecutive sessions, along with the S&P’s performance by the time the McClellan fell back under +100. Note that in 27 cases, or 90% of the time, the S&P was at a lower level when the McClellan fell back under +100…
McClellan Over +150 Two Days Running
07/16/09… S&P500 ??? when McClellan <100
04/16/09… S&P500 -3.8% when McClellan <100
04/13/09… S&P500 -3.1% when McClellan <100
04/02/09… S&P500 -2.3% when McClellan <100
03/16/09… S&P500 +4.5% when McClellan <100 (*)
12/31/08… S&P500 -3.7% when McClellan <100
12/17/08… S&P500 -4.6% when McClellan <100
12/03/08… S&P500 -0.2% when McClellan <100
11/28/08… S&P500 -8.9% when McClellan <100
10/31/08… S&P500 -6.6% when McClellan <100
08/06/08… S&P500 -1.8% when McClellan <100
07/23/08… S&P500 -2.3% when McClellan <100
04/02/08… S&P500 -1.0% when McClellan <100
02/01/08… S&P500 -4.2% when McClellan <100
12/07/07… S&P500 -1.8% when McClellan <100
10/02/07… S&P500 -0.5% when McClellan <100
09/19/07… S&P500 -0.7% when McClellan <100
09/04/07… S&P500 -2.4% when McClellan <100
03/22/07… S&P500 -0.4% when McClellan <100
08/17/06… S&P500 +0.0% when McClellan <100
07/03/06… S&P500 -1.7% when McClellan <100
01/09/06… S&P500 -0.3% when McClellan <100
11/25/05… S&P500 -0.9% when McClellan <100
06/02/05… S&P500 -0.8% when McClellan <100
05/19/05… S&P500 -0.1% when McClellan <100
05/25/04… S&P500 +1.6% when McClellan <100(*)
09/03/03… S&P500 -0.3% when McClellan <100
04/23/03… S&P500 -2.2% when McClellan <100
11/04/02… S&P500 -1.5% when McClellan <100
08/16/02… S&P500 -1.2% when McClellan <100
12/29/00… S&P500 -1.9% when McClellan <100