NYSE McClellan Oscillator
Chart In Focus: 60-year Cycle In Interest Rates
The Baby Boom started in 1946, and continued through 1964. Boomers saw their first instance of a financial bubble in the 1970s when gold was finally released from its permanent fix to the dollar, and was allowed to float. It went from $42 to $900 in a decade, then collapsed throughout the 1980s.
After the gold bubble of the 1970s, Boomers and others swore they would never get caught up in another bubble in something as frivolous as gold. No, no, from now on they would only invest in things that actually had earnings, like technology stocks.
After the Internet bubble hit its peak in 2000, Boomers swore they would never invest in something ephemeral like Internet stocks. From now on, they would stick to... Read More
Chart In Focus: Disagreement Between A-D and Volume Lines
We do a lot of work with Advance-Decline (A-D) statistics, and some people may not be aware that the same sort of analysis can be done on Up Volume and Down Volume (UV-DV) data. In the same way that we add up all of the past values of advances and declines to construct a cumulative A-D Line, we can also construct a cumulative UV-DV Line, also called a Daily Volume Line.
One big difference between the two is that every listed issue gets exactly one vote per day in the A-D statistics. But the voting is unlimited when looking at the volume statistics, so heavier volume days can move the Daily Volume Line more. Stocks that trade more shares also get to vote more, which may or may not be problematic.
When comparing... Read More
NYSE: 09/02/2010
| issues | volume | ||
| Advances | 2149 | 796265 | |
|---|---|---|---|
| Declines | 878 | 159490 | |
| Difference | 1271 | 636775 | |
| 10% Trend | 249 | . 246 | 70043 |
| 5% Trend | 171 | . 567 | 8693 |
| McC OSC | 77 | . 679 | 61350 |
| PRIOR McC OSC | 22 | . 016 | 31437 |
| SUMM Index | 2016 | . 553 | -465219 |
| PRIOR SUMM Index | 1938 | . 874 | -526568 |
| A-D for OSC UNCH | 327 | 131 * | |
| A-D for OSC=0 | -1227 | -1096 * | |
| *million shares | |||
| DJIA Close | 10320.10 | ||
| PRIOR Close | 10269.47 | ||
| DJIA CHG | 50.63 | ||
| DOW Price OSC | -48.01 | ||
| PRIOR DOW Price OSC | -55.58 | ||
| Price OSC UNCH'D | 10185.77 | ||
Extended Data
All of this data, plus a lot more, is available on our Daily Edition along with charts and analysis. See our Market Reports page to get the bigger picture.
Market Breadth Data Notes
- We use WSJ/Barron's data for our final breadth numbers. Calculations made on numbers from other sources will show a slightly different result.
- We wait until late in the day in order to have access to the "final" numbers.
- This reflects final readings for the indicators covered.
- Values for indicators calculated using preliminary numbers released just after the close usually differ slightly from these numbers.
- We usually recommend that readers keep their own data for themselves, but this is a useful way to check and see if your numbers agree with ours.