Chart of the Day

The McClellan Oscillator is a breadth-based, intermediate-term indicator. It can also be used for short-term timing when it bottoms in oversold territory. Invented in the 1960′s by Sherman and Marion McClellan, it has been called “one of the most useful analysis tools in existence.”

McLennan.bmp
Source: Hays Advisory

The Nasdaq McClellan Oscillator is getting towards, but not quite at, the oversold levels associated with sustainable bounces. The NYSE McClellan oscillator (not shown), is not nearly as oversold.

Random Items
Value Stocks vs. Growth Stocks: Timing Counts
The next big mutual fund scandal
Experts See Major Shift in Al Qaeda’s Strategy
The Man Who Became Keynes
Learning to shrug off oil shocks
Terror futures market back in business
A stagflation forecast

Quote of the Day
“We’ve lived through two years of corporate and financial scandals now, passing through almost every industry on Wall Street, from energy trading to accounting fraud to the rigging of initial public offerings to mutual funds sales and trading. What does it say about society when only the lawyers are clean?”
-Dave Callaway

Category: Finance

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

Comments are closed.