The NYSE McClellan Oscillator closed below -200 at Tuesday’s close, generally a sign of an oversold market, yet the S&P never gained any upside traction in the days that followed. Today we’re down over 2% from Tuesday’s close. Looking back at times when…
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Very negative NYSE TICK action for a fourth consecutive session Wednesday…
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Quick note that a close below SPX 1328.45 would send the…
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Tom McClellan has done some very interesting work with COT data. His recent post on Eurodollar futures prompted me to…
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To quickly update the recent oversold RSI signals…

For NDX, a close over 2625.65 will send the 5-day RSI over 25 and close out the short-term buy signal triggered at Tuesday’s close. Otherwise this signal remains in effect.

For SPX, any positive close today will send the 2-day RSI over 2.0 and close out yesterday’s buy signal.

From an intermediate-term perspective, I have a number of new charts for your consideration. These are part of a new batch of charts & data coming to the site in the next few weeks that…
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