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Wednesday, April 17, 2024 10:02:07 AM
The NYMO (McClellan Oscillator for the $NYSE, which measures market breadth) registered -100 yesterday...
By: Intelligent Investing | April 16, 2024
• The NYMO (McClellan Oscillator for the $NYSE, which measures market breadth) registered -100 yesterday. Readings below -100 are rare (see Chart 1: about once every year on average). It means the market is pretty oversold, but often it requires positive divergence (lower markets but improving NYMO) to signal a low is in place. See chart 2.
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DiscoverGold
By: Intelligent Investing | April 16, 2024
• The NYMO (McClellan Oscillator for the $NYSE, which measures market breadth) registered -100 yesterday. Readings below -100 are rare (see Chart 1: about once every year on average). It means the market is pretty oversold, but often it requires positive divergence (lower markets but improving NYMO) to signal a low is in place. See chart 2.
Read Full Story »»»
DiscoverGold
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