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Chart of the Day: McClellan Oscillator

Posted By Barry Ritholtz On November 20, 2003 @ 11:58 am In Finance | Comments Disabled

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.”

Source: Hays Advisory [1]

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.

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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?”
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Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2003/11/chart-of-the-day-mcclellan-oscillator/

URLs in this post:

[1] Hays Advisory: http://www.haysmarketfocus.com

[2] Value Stocks vs. Growth Stocks: Timing Counts: http://knowledge.wharton.upenn.edu/index.cfm?fa=viewArticle&id=890&specialId=5

[3] The next big mutual fund scandal: http://cbs.marketwatch.com/news/story.asp?guid=%7BA4259B93%2DC3F8%2D4D49%2D825C%2D3112CD4BDA66%7D&siteid=mktw

[4] Experts See Major Shift in Al Qaeda’s Strategy: http://www.latimes.com/news/nationworld/world/la-fg-terror19nov19,1,7889942.story?coll=la-home-headlines

[5] The Man Who Became Keynes: http://www.economicprincipals.com/issues/03.11.16.html

[6] Learning to shrug off oil shocks: http://money.cnn.com/2003/11/17/news/economy/oil/index.htm

[7] Terror futures market back in business: http://money.cnn.com/2003/11/17/news/terror_futures/index.htm?cnn=yes

[8] A stagflation forecast: http://money.cnn.com/2003/11/20/commentary/bidask/bidask/index.htm

[9] Dave Callaway: http://cbs.marketwatch.com/news/story.asp?guid=%7B08D54442%2DA0C6%2D47CB%2D9E78%2DDCD8C870153C%7D&siteid=mktw

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