Replies to post #273 on Chart Ideas

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June 24, 2011 breadth updates for NYSI, NYMO & cumulative NYAD & NAAD, etc... http://bit.ly/m7gwo7 by www.technicalwatch.com's site owner

*** the cumulative NYUD (reflective of the big caps) now reside below the 200day ***

the chart since 2001 shows the daily NYAD smoothed with the 8-day sma for a perspective of historic over-extended levels by the smoothed daily NYAD -

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selected NYSE internals to accompany the NYSE breadth charts in Post #273 -

Post #273 -

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=62622098

comments for the July 7, 2011 close:

* today's 469 new 52-week price highs for the NYSE (NYHGH) represents a new high for 2011

* today's 910.62 level by the 8-day moving average of the NYSE number of declining issues (NYDEC) represents an absence of decliners not often seen since 2009 ... a continued absence of decliners will confirm the current near-term bullish trend by the NYSE internals

* NYSE price action (NYA) -

$8563.08, 8487.70, 8389.87 are the levels of prior lower highs which need to see upside violation by daily closes to confirm a bullish trend for the price action

$8563.08 and $8487.70 remain above the current advance by daily closes... as of the July 7th close ($8476.13 = the July 7th close)


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this simpler version of similar data since March will facilitate:

1. monitoring the NYA's price action vs. the $8563.08, 8487.70, 8389.87 prior lower highs

2. monitoring the trend for the NYSE's number of declining issues (NYDEC)

3. monitoring the trend for the NYSE's number of new 52-week highs (NYHGH)

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updated cumulative NYSE Advance-Decline line (NYAD) with the REIT's sector (IYR) replacing
the Copper futures chart element I usually show in this chart view:

* the near-term price structure for XBD negatively diverges from the pattern of higher lows
visible for the other price data in this chart

NOTE: the price action of each chart element represents daily closes since 2002



chart #2 - this weekly US Dollar Index chart since 2002 displayed with relevant inter-market relationships is required viewing with the cumulative NYAD chart data:



chart #3 - SPX daily and XBD daily with NYSE McClellan breadth indicators (NYMO and NYSI)

* this chart includes a plot of the 233-day exponential moving average for the NYSE up volume to total volume ratio,
for the purpose of tracking the long-term NYSE volume breadth trend

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NYSI remains below its 10-day simple moving average, as of the July 22, 2011 close -



chart #2 - the main chart body shows the 50-day simple moving average for the daily NYAD

* the cumulative NYAD and the SPX now reside above their 10-day simple moving averages as of July 22, 2011

* the continued bullish case requires the NYA200R to remain above the 60% level

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SPX weekly closes chart since 2006:

the purpose of examining this combined data set of NYSI weekly closes with the SPX weekly closes ....along with the 10-week vs. the 30-week simple moving averages is:

* NYSI's move below the +350 level telegraphs a negative cross for the two SPX weekly moving averages ... especially when the NYSI decline turns out to be a sustained decline below the +350 level, which is why it is useful to
examine the weekly closes for NYSI relative to the +350 level and the zero level

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cumulative NYSE new 52wk highs minus new 52wk lows shown in black with:

1.) four daily ema ribbons for trend ID confirmation, and for reversal ID, and

2.) with cumulative NYAD shown as an overlay in brown

(this main data set updates only after each day's close)

daily closes for SPX, NYA and RUT relative to key horizontal price levels are shown above the main chart body, and these update intraday here when you refresh your browser



chart #2 is a plot of the 50day sma for the daily NYAD since 1998 and selected NYSE internals which on
the August 3, 2011 close are approaching prior bounce levels during previous history

(the daily NYAD and the NYSE internals portions of this chart update only after each day's close)



*** charts posted at this IHub board update live for the current price action when you refresh your browser ***

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8-day smoothing of the daily NYAD is shown in the main chart body -

an up-close version since 2010

* NYA $7311 has been added as one bull/bear dividing line

* the smoothed daily NYAD now needs to recapture its zero line for a sustainable price advance
which is supported by an upside reversal with staying power by the NYSE breadth trend



chart #2 - 8-day smoothing for the daily NYDEC and NYADV values since 2006 -



chart #3 - daily RUT to OEX ratio since May, 2010 -