Cobra's Market View

Daily floor pivots on the Russell futures, the TF. I extended the lines. A caution, as a wise man said, if you have enough lines on a chart price is bound to hit some.
Second study is the comparison of a Chandelier stop to the Chandre Knoll stop both at 4 ATRs on a 10 bar average.

DAILY
Oddball that works:
The McClellan Oscillator on the miners AD has done fairly well signaling GDX moves.
It said sell last Wednesday, when price and volume were still trying to decide if they could best the 200sma (gray, bottom panel)
Oscillator is EOD as of Friday’s close

Just one handle between the ES and It's Destiny at friday's high 2477.75

HAPPY HOUR:

Al_Dente wrote:DAILY
Oddball that works:
The McClellan Oscillator on the miners AD has done fairly well signaling GDX moves.
It said sell last Wednesday, when price and volume were still trying to decide if they could best the 200sma (gray, bottom panel)
Oscillator is EOD as of Friday’s close

86gdx nymo.png.png

Thanks Boss, will have to watch this indicator!!

te_fern wrote:

Al_Dente wrote:DAILY
Oddball that works:
The McClellan Oscillator on the miners AD has done fairly well signaling GDX moves.
It said sell last Wednesday, when price and volume were still trying to decide if they could best the 200sma (gray, bottom panel)
Oscillator is EOD as of Friday’s close

Thanks Boss, will have to watch this indicator!!

follow up
SPY (purple), equal-weight SPY (pink), and all sectors equal-weighted and smooshed into one symbol (gold)
Simple overlay, not percentages, daily

Until Dax lags not beleive in to big move up...

Al_Dente wrote:

te_fern wrote:

Al_Dente wrote:DAILY
Oddball that works:
The McClellan Oscillator on the miners AD has done fairly well signaling GDX moves.
It said sell last Wednesday, when price and volume were still trying to decide if they could best the 200sma (gray, bottom panel)
Oscillator is EOD as of Friday’s close

Thanks Boss, will have to watch this indicator!!

Have you noticed this indicator useful, sometimes, to watch on the other sectors?

SPY volume lowest in years… INDU 9 up days.. COMPQ/NDX/TRANSports sideways… RUT weak not the bullish of pictures

TICK is heading in the wrong direction as the SPX slowly moves higher...

And the SPX,,,,

te_fern wrote:

Al_Dente wrote:

te_fern wrote: Oddball ..........The McClellan Oscillator on the miners AD

Thanks Boss, will have to watch this indicator!!

Have you noticed this indicator useful, sometimes, to watch on the other sectors?

Other stuff I just use the regular McClellan Oscillators like !MCOSIRSPX, !MCOSIRNDX, !MCOSIRSML (or nymo, namo, etc)
But there’s no straight McClellan for miners, so I use that one (AD) for miners. It's the same setting, just on the AD.
See if u can find something else AD where we can test it

Big sigh, 2478 target reached and then the selling started. Not much selling, but still the wall holds, for now.

Al_Dente wrote:

te_fern wrote:

Al_Dente wrote:

te_fern wrote: Oddball ..........The McClellan Oscillator on the miners AD

Thanks Boss, will have to watch this indicator!!

Have you noticed this indicator useful, sometimes, to watch on the other sectors?

Other stuff I just use the regular McClellan Oscillators like !MCOSIRSPX, !MCOSIRNDX, !MCOSIRSML (or nymo, namo, etc)
But there’s no straight McClellan for miners, so I use that one (AD) for miners. It's the same setting, just on the AD.
See if u can find something else AD where we can test it

Thanks!! I'll take a look...

well, guess that's it for today. Tuesday tomorrow has been generally bear friendly. thank you guys, I'll see you tomorrow.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp