Market Watch

[Runner]

Here is the Mcclellan Oscillator along with my study. Notice the buy signal generated back last week. I’m just toying with it to see if it gives decent signals. Input would be nice!

Overbot area should be +150 Also notice the EMA cross

[dmk112]

Runner, it's tought to give input on buncha lines crossing... I'm guessing the buy signal happens when the green/red line drosses the blue and the yellow? What about the NYSE chart...???

[Runner]

Runner, it's tought to give input on buncha lines crossing... I'm guessing the buy signal happens when the green/red line drosses the blue and the yellow? What about the NYSE chart...???

DMK, the bottom chart is just for comparison. Actually they EMA’s is something I’ve added to the chart. Buy signal is the confirmation of the indicator crossing back above the zero. Like I said it is something I’ve been playing with and not sure on the reliability of it. I’ll track it for awhile longer just to see.

[Runner]

I see a caution signal for longs

[Runner]

Oh well I sure got it wrong today. I thought for sure we were heading down. Won't be the first time!!!hehe

[Runner]

Still playing with the Mcclellan Oscillator. I noticed something interesting yesterday. The NYSE went up but the indicator went down. This was a negative divergence between price and the indicator. Not sure of any predictive value in this indicator.

[dmk112]

Well the market took a breather this week, that's a good sign. It will be interesting if it will resume it's uptrend this week.

Here are some stocks that are on my watchlist for the following week:

CKCM
MIND
ARNA
CELG
SWIR
LKQX
URGI
ELTK
AOB
CASM
ARTG
WIRE
AMX
VRTX
TRID
RYI
TALX
RWC
OXPS
TRAD
TRLG
GLW

[Runner]

Well the market took a breather this week, that's a good sign. It will be interesting if it will resume it's uptrend this week.

Here are some stocks that are on my watchlist for the following week:

CKCM
MIND
ARNA
CELG
SWIR
LKQX
URGI
ELTK
AOB
CASM
ARTG
WIRE
AMX
VRTX
TRID
RYI
TALX
RWC
OXPS
TRAD
TRLG
GLW

DMK, pretty nice looking stalk sheet you got!!
I like SWIR testing the gap here.

[Runner]

OSC not looking bad today as it pops over zero line

[DSteckler]

Runner, what symbol is that for?

[Runner]

Runner, what symbol is that for?

Dave, you just a full of good questions. The symbol is IDK or I don’t know. LOL It is in my software and so I decided to conduct a study on it for short term trading. In my short time looking at it I’ve noticed a few nice signals. What can you tell me about the Mcclellan Oscillator? Then I can test what I’ve learned about it thus far….

[DSteckler]

<< What can you tell me about the Mcclellan Oscillator? >>

Here's a good description:

http://stockcharts.com/education/IndicatorAnalysis/indic_McOscillator.htm

Because the focus of the indicator is on breadth, in theory it gives you a better idea as to whether an advance or decline is for real (strong breadth) or a fake-out (weak breadth).

Tom McClellan, the son of Sherman and Marian, is a friend of mine. Any particular question on the indicator you'd like me to ask him?

[Runner]

<< What can you tell me about the Mcclellan Oscillator? >>

Here's a good description:

http://stockcharts.com/education/IndicatorAnalysis/indic_McOscillator.htm

Because the focus of the indicator is on breadth, in theory it gives you a better idea as to whether an advance or decline is for real (strong breadth) or a fake-out (weak breadth).

Tom McClellan, the son of Sherman and Marian, is a friend of mine. Any particular question on the indicator you'd like me to ask him?

Dave this is what I've learned so far. I'm trying to figure if my EMA's have any value on the chart?
McClellan Oscillator is a market breadth indicator. It is used primarily for short term and intermediate term trading. A small number of stocks making large gains characterizes a weakening bull market. It looks like the overall market is healthy; however, in reality the rising prices may come to an end soon. Conversely, when a bear market is still declining, but a smaller amount of stocks are declining, an end to the bear market may be near.



The calculation for the McClellan Oscillator is as follows:



Subtract a 39 day exponential moving average of advancing issues - declining issues from a 19 day exponential moving average of advancing issues - declining issues. New York Stock Exchange data is used for the calculation.



In a bear market, when the oscillator reaches about -150, it may indicate that the bear market is ending. In a bull market, when the oscillator reaches a reading of about +100, it may indicate that the bull market is ending. Also, when the oscillator goes from below zero to above zero, a bullish signal is indicated. Conversely, when the oscillator goes from above zero to below zero, a bearish signal is indicated.



The McClellan Summation Index is a cumulative total of the McClellan Oscillator. It is used for intermediate term and long term trading. Major tops occur when the index reaches +1600. Major bottoms occur when the index reaches -1300. After moving 3600 points in either direction, and the indicator reaches a level above or below +1900 or -1900, a significant bull or bear market is underway.

[DSteckler]

<< I'm trying to figure if my EMA's have any value on the chart? >>

I don't understand your question, Runner. Are you asking if the McClellan Oscillator can be charted without displaying the EMAs? Or if the EMAs in your chart are predicting anything?

[Runner]

Chart a few days old but my be vaild