ETF Prophet

One market analyst whose work I’ve become familiar with and whom I have a great deal of respect for is Tom McClellan. Tom created an oscillator based on the closing TICK reading on the NYSE. The TICK simply measures the number of securites that last …

Both the NYSE and the Nasdaq saw the lightest volume of the year but we consolidated well without giving much back.  Breadth was poor, with oil and commodity-related plays dropping.  Intel and technology helped to pick up the slack. After a flash crash in May last year, I am thinking funds may be well prepared this [...]

With oil prices breaking above the $100 mark,  the market still managed to hold steady depsite a near break down intraday.  Volume was light but breadth was good on NYSE. Apple, semiconductors, and a couple of other big-cap technology names helped the NASDAQ.  I want to note that the signals on the dashboard and daily SPY signals had [...]

NYSE had 1179 gainers to 1837 decliners, but we held on to recent gains very well.  Financials in general look perky; BAC and C may lead the next leg up.  Recent pattern had being for a few days of consolidation follow by another spurt upward.  Weakness Thursday or Friday may be a gift for the bulls as [...]

NOTE: A reader caught a clerical error made in the table…..it should have read Nasdaq leads the NYSE as mentioned in the text of the article etc this has been changed to the correct version There has been a lot of interesting discussion these days about the power of relative index returns to predict S&P500 performance. Previous [...]