04/17/2012 Live Update

[Cobra]

range, I'm neutral, wait for the breakout first. my guess is on the upside. just a guess, no trade based on this.

[Al_Dente]

carlos
Here’s tom mcclellans site; maybe something useful 4 u
http://www.mcoscillator.com/market_breadth_data/

[Cobra]

aapl, some fib info.

[Cobra]

breakout, target SPY $138.48, 60% chances.

[BullBear52x]

a nap time formation.

[BenAndLloyd]

Uumpel:
Congrats on making the great call!

[Cobra]

biggest bar plus volume surge, so may see consolidation or pullback here, then should be more up, maintain the target.

[Al_Dente]

news chatter:
Spain was able to raise its target amount in a short-term debt auction. Dow members KO and JNJ beat eps, and GS 1Q results topped analysts' estimates. Meanwhile, the US economic calendar showed building permits unexpectedly rose, but housing starts surprisingly fell for March. … while a report on US industrial production and capacity utilization is due out later this morning. Overseas, Asian stocks were bogged down by the festering eurozone debt concerns, but Indian stocks rallied after its central bank cut interest rates more than what economists had projected. Moreover, European equities are rebounding in afternoon action, following a near two-year high in German investor sentiment …

[Cobra]

my target happens to be around gap resistance.

[Cobra]

still one cent shy of my initial target. it doesn't count as fulfilled, wait.

[Mr. BachNut]

I have scottrade and the mcclellan oscillator is not available. I would like to use as I have heard good thing by using it.
Anyone know how to get it? Is there a free way? Other than via stockcharts which is pay.

try paging Mr. Bachnut
i think he has a bloomberg link to free mcclellan chart (?)

I rely primarily on the data provided by Worden (a paid provider of technical data) because I have studied their data longest. Different providers give somewhat different levels depending on what set of stocks they include/exclude from the calcualtion so there can be variances. Decision Point (paid) provides an interesting and good calculation as it is common stocks only. The link Al Dente provided to McClellan is the definitive source. If you look, you will find a link there to a spreadsheet that has the data.

While price rules for TA based trading, I think looking at advance/declines (which is what the MO basically does) has a place. As these days price can get pushed around by HFT and futures market activity, the advance/decline action of the underlying stocks can at times provide some insight on underlying trend or overbought/sold extremes. Like all this stuff though, it flops a good percentage of the time, and what will matter most is your discipline around entry, exit and position sizing.

[fulkdaddy]

Here is where I follow the McClellan Oscillator: http://stockcharts.com/freecharts/McSumNYSE.html. And here: http://stockcharts.com/h-sc/ui?s=$NYMO& ... 2197014819

I have scottrade and the mcclellan oscillator is not available. I would like to use as I have heard good thing by using it.
Anyone know how to get it? Is there a free way? Other than via stockcharts which is pay.

try paging Mr. Bachnut
i think he has a bloomberg link to free mcclellan chart (?)

I rely primarily on the data provided by Worden (a paid provider of technical data) because I have studied their data longest. Different providers give somewhat different levels depending on what set of stocks they include/exclude from the calcualtion so there can be variances. Decision Point (paid) provides an interesting and good calculation as it is common stocks only. The link Al Dente provided to McClellan is the definitive source. If you look, you will find a link there to a spreadsheet that has the data.

While price rules for TA based trading, I think looking at advance/declines (which is what the MO basically does) has a place. As these days price can get pushed around by HFT and futures market activity, the advance/decline action of the underlying stocks can at times provide some insight on underlying trend or overbought/sold extremes. Like all this stuff though, it flops a good percentage of the time, and what will matter most is your discipline around entry, exit and position sizing.

[BullBear52x]

Last sell the rip spot on all major indexes, more on my blog.

[Carlos]

Mr. BachNut
Al_Dente



Thx for the info!

[BullBear52x]

Here is where I follow the McClellan Oscillator: http://stockcharts.com/freecharts/McSumNYSE.html. And here: http://stockcharts.com/h-sc/ui?s=$NYMO& ... 2197014819

]

Here is my nerdy MO, posted this the other day.

[Mr. BachNut]

Looks like I left some money on the table...
I don't know if it can get there, but I suspect a healthy layer of stops lurking above last Thursday's high. A run through that would cause a lot of pain coming into OPEX.

[uempel]

I intend to close longs in the 1392/96 area (and I'll presumably go short there)

[Harapa]

Last sell the rip spot on all major indexes, more on my blog.

A scalping opportunity in hand

[Cobra]

target me, I assume there's more.

[gappy]

IMF warned the euro zone risked "a prolonged period of deflation", pushing the Euro lower against the dollar. Comex silver hoard at ten year high. "Gold which is priced in dollars seems more expensive to investors who hold other currencies when the US currency rallies, damping their interest in the precious metal." Source; Fidelity blurb from Dow Jones Co.