Daily NYSE McClellan Oscillator Chart

NYSE McClellan Oscillator


Fed is Behind, But Still Screwing Up

weekly Chart In Focus

Make me Emperor for a day, and I would compel the FOMC to outsource interest rate policy to the bond market.  Why should we pay 12 experts, most with expensive Ivy League PhD degrees, to do what the bond market can do far more efficiently (and cheaply)?

This week’s chart compares the 2-year T-Note yield to the stated Fed Funds target rate.  The FOMC has actually said that the target rate is 1.5% to 1.75%, so I’m splitting the difference by calling it 1.625%.  What this chart shows is that... Read More



NYSE: 04/18/2018

 Issues Volume(000s)
Advances 1626   2023636
Declines 1309   1282511
Difference 317   741125
10% Trend 337 . 790 429373
5% Trend 196 . 761 228728
McC OSC 141 . 030 200645
PRIOR McC OSC 149 . 668 192974
SUMM Index 1698 . 340 481473
PRIOR SUMM Index 1557 . 310 280828
A-D for OSC UNCH 479   630 *
A-D for OSC=0 -2342   -3383 *
*million shares
DJIA Close 24748.07
PRIOR Close 24786.63
DJIA CHG -38.56
DOW Price OSC -116.60
PRIOR DOW Price OSC -142.36
Price OSC UNCH'D 24296.04
Download Data Excel File Daily Oscillator Data (.xls)


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