NYSE McClellan Oscillator
Fed is Behind, But Still Screwing Up
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 | ||
Daily Oscillator Data (.xls)
Extended Data
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Historical Data
Historical breadth, volume, and NH-NL data are available for purchase and download.
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.
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.