NYSE McClellan Oscillator
Lumber Sees Rogue Wave, Now Ready For a Bounce
Lumber prices are going through what I call a “rogue wave” event, named for the massive oceanic waves which can swamp ships. The physics of the oceanic rogue waves are similar to those in the financial markets. The implication for lumber futures prices is that we should see a return to the 450-500 area, up from the current prices in the low 300s.
In the ocean, a rogue wave forms when one wave “borrows” energy from adjacent waves, making a localized wave crest well above the surrounding... Read More
NYSE: 12/14/2018
| Issues | Volume(000s) | ||
| Advances | 670 | 779545 | |
|---|---|---|---|
| Declines | 2325 | 3187485 | |
| Difference | -1655 | -2407940 | |
| 10% Trend | -381 | . 444 | -636632 |
| 5% Trend | -257 | . 782 | -427111 |
| McC OSC | -123 | . 662 | -209521 |
| PRIOR McC OSC | -55 | . 694 | -116964 |
| SUMM Index | -464 | . 857 | -2385417 |
| PRIOR SUMM Index | -341 | . 195 | -2175896 |
| A-D for OSC UNCH | -505 | -846 * | |
| A-D for OSC=0 | 1968 | 3344 * | |
| *million shares | |||
| DJIA Close | 24100.51 | ||
| PRIOR Close | 24597.38 | ||
| DJIA CHG | -496.87 | ||
| DOW Price OSC | -259.44 | ||
| PRIOR DOW Price OSC | -231.68 | ||
| Price OSC UNCH'D | 24549.23 | ||
Daily Oscillator Data (.xls)
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Starting 3/8/2012:
NYSE Up Volume & Down Volume data will report composite trading volume.
3/7/2012 and before:
Reports NYSE floor trading volume, as has been our long standing practice.