
NYSE McClellan Oscillator
Sentiment Rebounding Too Much

In the Investors Intelligence survey of newsletter writers and investment advisors, the bulls are back to outnumbering the bears once again, as fears of a further bear market are abating quickly. This week’s chart shows just the percentage categorized as bears, and it is plotted on an inverted scale in order to correlate better to the price action. Bears this week are down (up in the chart) to 27.8%, versus 30.1% last week, and 44.1% at the extreme point in late June 2022. And bulls (not... Read More
NYSE: 08/17/2022
Issues | Volume(000s) | ||
Advances | 647 | 772292 | |
---|---|---|---|
Declines | 2573 | 3051462 | |
Difference | -1926 | -2279170 | |
10% Trend | 331 | . 212 | 628009 |
5% Trend | 300 | . 323 | 469747 |
McC OSC | 30 | . 888 | 158261 |
PRIOR McC OSC | 164 | . 515 | 336601 |
SUMM Index | 3725 | . 237 | 3273124 |
PRIOR SUMM Index | 3694 | . 349 | 3114863 |
A-D for OSC UNCH | 362 | 786 * | |
A-D for OSC=0 | -256 | -2379 * | |
*million shares | |||
DJIA Close | 33980.32 | ||
PRIOR Close | 34152.01 | ||
DJIA CHG | -171.69 | ||
DOW Price OSC | 490.58 | ||
PRIOR DOW Price OSC | 458.37 | ||
Price OSC UNCH'D | 33478.61 |

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