Divergence, But Still Negative -- Thu 23-Oct-08 10:27 AM
The McClellan Oscillator for the Dow Industrials ETF (DIA) formed a positive divergence over the last two weeks, but remains short of the positive surge needed to turn breadth bullish. This year's ...
DIA Returns to the Gap -- Tue 21-Oct-08 11:13 AM
In a volatile week with huge swings, the Dow Industrials ETF (DIA) returned to Wednesday's gap with another 10% move. The magenta lines on the 30-minute chart show the zigzag indicator, which measures ...
90% Down Day for Breadth -- Thu 16-Oct-08 9:16 AM
Stocks were clobbered on Wednesday and this triggered –90% down days in all nine sector SPDRs. In fact, AD Net% finished at –100% for six of eight sector SPDRs. AD Net% ended below -90% for the ...
McClellan Remains Negative for SPY -- Wed 15-Oct-08 8:51 AM
Despite a big surge in breadth on Monday, the McClellan Oscillator remains in negative territory and short of a confirmation breakout. AD Net% surged above +90% on Monday as SPY advanced over 10% ...
Getting More Extreme -- Fri 10-Oct-08 8:38 AM
Signs of capitulation and excessive selling pressure are extending, but there are no signs of strength. RSI moved to 17, its lowest level since July 2002 (14.9). Prior to that low reading, RSI dipped ...
TLT Falls After Rate Cut -- Thu 09-Oct-08 2:43 PM
The chart below shows the iShares 20+ Year Bond ETF (TLT) opening strong and closing weak. This is a bit of a surprise after the Fed cut the Fed Funds rate by 1/2%. However, the key rate now stands ...
More 90% Down Days -- Wed 08-Oct-08 7:59 AM
The stock market got slammed again on Tuesday with broad selling pressure. AD Net% for seven of the nine sectors finished below –90%. All stocks in the Materials SPDR (XLB) and Energy SPDR (XLE) ...
Regional Banks Outperforming Big Banks -- Fri 03-Oct-08 7:35 AM
The bailout package will likely be passed soon and this includes raising the FDIC minimum to $250,000. This is good news for regional (smaller) banks and may explain recent relative strength. However, ...
