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Re: None

Sunday, 07/15/2018 2:55:28 PM

Sunday, July 15, 2018 2:55:28 PM

Post# of 207
four daily charts as a time saver for daily review which include:

1. S&P500
2. NYSE common-stocks-only
3. Nasdaq 100
4. Dow Jones Industrial

the Advance-Decline breadth lines with 3 moving averages & 50,2 BB and A-D line 50,2 Bandwidth
the McClellan Summation index
the McClellan Oscillator for each index, and for related indices

* it is optimal for the continued bullish case if the McO's remain above their zero line for the majority of the time

https://stockcharts.com/h-sc/ui?s=%21ADLINESPX&p=D&st=2018-05-14&id=p89394825805&a=606324130

https://stockcharts.com/h-sc/ui?s=%21ADLINENYC&p=D&st=2018-05-14&id=p31170550999&a=606320645

https://stockcharts.com/h-sc/ui?s=%21ADLINENDX&p=D&st=2018-05-14&id=p45536226064&a=606327115

https://stockcharts.com/h-sc/ui?s=%21ADLINEDOW&p=D&st=2018-05-14&id=p91620445250&a=606329373


Reminder:

The McClellan Oscillator is the difference between the 19-EMA & 39-EMA of daily advances minus declines.
It reflects the short-term strength and direction of market liquidity.
A longer-term view is provided by the McClellan Summation Index, which is the cumulative total of the daily McClellan Oscillator values.

Note - it has been observed in the past by some technicians that the customary duration of directional moves by the McSum is 10 to 16 weeks … though I have observed since early November 2016 the durations have varied considerably

S&P 500 McSum character by year excluding directions lasting less than 4 weeks:

2018 through July 13

up, down, up, down, up

2017

down, up, down, up, down, up, down, up

2016

down, up, down, up, down, up

* the 2016 McSum duration lengths were longer than in 2017 and about
the same length as seen so far in 2018

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