Thursday, July 11, 2013

NYMO McClellan Oscillator Signals Market Top

The NYMO chart was posted a couple days ago. Type 'NYMO' into the search box at the right to bring that chart up for further study. Over the last year, the major tops are identified by a move above +60 while the major bottoms are under -90. With today's upside orgy, the NYMO is now at 70, very elevated. The RSI is not overbot but notice how it does not tend to be overbot on this chart so RSI is at a pseudo overbot level right now. The MACD line and RSI may squeeze out a bit more juice, so it may take a day or three to top and collapse, say into early or middle of next week, but the NYMO is saying the markets are at a top now and another move down like the moves down last September-October, and the May-June selloff, is at hand at any time forward. This information is for educational and entertainment purposes only.  Do not invest based on anything you read or view here.  Consult your financial advisor before making any investment decision.


  1. Thank you KS for what you are doing here.
    Excellent technical analysis and projective work.

    Thank you once again.

    p.s. According to my intermarket system a peak might be reached on Monday, maximum Tuesday, around 1680-1690 on spx. After a 20-30 points drop a rise to 1700-1720 is possible but not guaranteed. The period after 23-26 July'13 until end of September/start of October'13 will be volatile for markets.


  2. Volatility is very important now and will be in the Friday session. Watch VIX 14.27 like a hawk. If bulls keep VIX under 14.27, the bears will continue to fold like a cheap suit. If the VIX moves above 14.27, the bears will start growling again and push markets lower.

  3. Some Fib#s to look for if market pulls back from here and begin minor 4 of Int. V up:

    23.6% of 70 pts: pullback to 1658
    38.2% of 70 pts: 1648
    50% of 70 pts: 1640

    Or if 1687 -> 1560 is A of Int. IV, then C=A and market will correct to 1548.
    But most likely in Int. V up now so dip buyers should come into support this market.

    1. ok Anon, I see that you have a somewhat bearish bias.
      Look what's my version:
      first 1680-1690
      after that 1660-1661 (gap closed / dip buyed)
      after that 1705-1720.

      All until next Friday - OPEX Friday - on 19.July.2013

      Good luck Anon,



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