Wednesday, June 6, 2018

NYMO McClellan Oscillator and NYA NYSE Composite Daily Charts




The NYMO remains at lofty levels consistent with stock market tops (green circles). Red circles indicate market bottoms. NYMO has basically not been below 0% for a month so it will need to mean revert. A sturdy tradeable bottom has not occurred since the late March bottom with NYMO printing below -40 to prove that stocks washed-out. So now is the time to favor the short side and not consider longs until the NYMO comes down and prints below, say, -30 and lower.

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. 

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