Wednesday, January 4, 2017
NYMO McClellan Oscillator and NYA NYSE Composite Daily Charts; NYA Prints New All-Time Record Closing HIgh
The red circles show the market tops and the green circles show market bottoms. What do you think will happen? The NYMO indicates that a number above +30 hints that a market top is at hand. Watch your wallet.
The NYA prints a new all-time record closing high at 11246.54. The SPX, INDU, COMPQ and RUT are all in the neighborhood of all-time highs and the Dow 20K watch continues. 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.
Note Added Saturday, 1/7/17: The NYMO ends the week at 21.44 coming off that high reading shown above. The NYA prints new record highs on Thursday, 1/5/17. The same analysis holds above; nothing has changed as stocks print new all-time record highs. A top would be expected at anytime forward.