January 27, 2023 Tom McClellan The chart is
available. onStock charts
if interested
The McClellan Price Oscillator for gold futures prices has
reached a pretty high level, equivalent to what it did at the price
top in March 2022, and it has just now turned down. This is a
bearish signal and could set off a pretty big pullback.
The McClellan Price Oscillator is a cousin of the more famous
McClellan A-D Oscillator. My parents created both of these
back in 1969. That research grew out of their desire to get a
better signal than could be gotten from looking just at moving
averages alone. Together, they wondered about finding the
difference between two moving averages, and this was well ahead of
when Gerald Appel did the same thing with his Moving Average
Convergence-Divergence (MACD) indicator.
A McClellan Price Oscillator employs prices for any stock,
index, commodity, or futures price series. One calculates two
exponential moving averages(EMAs), known as the
10% Trend and 5% Trend. Those percentage numbers refer to the
“smoothing constant” used in the calculation of each EMA. The
smoothing constant governs how much weight is given to the most
recent data, so for calculating a 10% Trend you would multiply
today’s closing price by 10%, and then add that to 90% of
yesterday’s 10% Trend value. A larger smoothing constant
means a faster response to price movements.
The chart below shows the 10% Trend (red) and 5% Trend
(green) for the April gold futures contract. The fact that
they have become spread far apart is another way of saying that the
Price Oscillator has risen to a high value, because the Price
Oscillator represents the distance between those two EMAs.
With the US presidential election on Tuesday, Nov. 5, 2024, we
are in a pre-election year. In case you believe in cycles
If we look at the
S&P
500, we see that the first quarter of a pre-election year has
been positive 17 out of 18 times since 1950, with the index rising
by an average of +7.4%. This was also the best quarter of the
entire four-year presidential cycle. On top of that, the second
quarter has been quite good as well.
EVEN WOLF missed on earnings down 7 percent last night but
recovering a lot this a.m. I did take half of my INTC shares
off on opening 30.09 . Just being careful
The community is delayed by three days for non registered users.
I have been trading CX
Posted by rbreese on 27th of Jan 2023 at 01:39 pm
I have been trading CX a little and wondering if the daily chart has the dreaded candle setting up? Very extended for sure.
January 27, 2023 Tom McClellan
Posted by rbreese on 27th of Jan 2023 at 12:03 pm
January 27, 2023 Tom McClellan The chart is available. onStock charts if interested
The McClellan Price Oscillator for gold futures prices has reached a pretty high level, equivalent to what it did at the price top in March 2022, and it has just now turned down. This is a bearish signal and could set off a pretty big pullback.
The McClellan Price Oscillator is a cousin of the more famous McClellan A-D Oscillator. My parents created both of these back in 1969. That research grew out of their desire to get a better signal than could be gotten from looking just at moving averages alone. Together, they wondered about finding the difference between two moving averages, and this was well ahead of when Gerald Appel did the same thing with his Moving Average Convergence-Divergence (MACD) indicator.
A McClellan Price Oscillator employs prices for any stock, index, commodity, or futures price series. One calculates two exponential moving averages(EMAs), known as the 10% Trend and 5% Trend. Those percentage numbers refer to the “smoothing constant” used in the calculation of each EMA. The smoothing constant governs how much weight is given to the most recent data, so for calculating a 10% Trend you would multiply today’s closing price by 10%, and then add that to 90% of yesterday’s 10% Trend value. A larger smoothing constant means a faster response to price movements.
The chart below shows the 10% Trend (red) and 5% Trend (green) for the April gold futures contract. The fact that they have become spread far apart is another way of saying that the Price Oscillator has risen to a high value, because the Price Oscillator represents the distance between those two EMAs.
google.com
Just a moment...
Covered more RIG at 6.50
Posted by rbreese on 27th of Jan 2023 at 11:57 am
Covered more RIG at 6.50 and rest of WTI 6.37
Covered more RIG at 6.50
Posted by rbreese on 27th of Jan 2023 at 11:57 am
Covered more RIG at 6.50 and rest of WTI 6.37
That supply on TSLA is
TSLA daily supply 169-182
Posted by rbreese on 27th of Jan 2023 at 11:17 am
That supply on TSLA is about the 175-range mentioned by Carter Worth last night
With OIH backing off the
Posted by rbreese on 27th of Jan 2023 at 10:50 am
With OIH backing off the drillers are in short term trouble. Covered more RIG 6.57 covered more WTI 6.40
Covered half WTI 5.45 and
Posted by rbreese on 27th of Jan 2023 at 10:38 am
Covered half WTI 5.45 and half RIG 6.62
Covered half WTI 5.45 and
Posted by rbreese on 27th of Jan 2023 at 10:38 am
Covered half WTI 5.45 and half RIG 6.62
Took small, short in RIG
Posted by rbreese on 27th of Jan 2023 at 10:28 am
Took small, short in RIG 6.74 when I saw CVX earnings and action. Also shorted WTI at 6.65 earlier today
Key Takeaways Mark Newton SPX breakout
Posted by rbreese on 27th of Jan 2023 at 07:21 am
Key Takeaways Mark Newton
Good luck I saw him
CNBC's Carter Worth sees TSLA getting up to 175 area. ...
Posted by rbreese on 26th of Jan 2023 at 05:59 pm
Good luck I saw him too.
Put calls very low at
Posted by rbreese on 26th of Jan 2023 at 11:10 am
Put calls very low at .73 for a change.
With the US presidential election
Posted by rbreese on 26th of Jan 2023 at 10:17 am
With the US presidential election on Tuesday, Nov. 5, 2024, we are in a pre-election year. In case you believe in cycles
If we look at the S&P 500, we see that the first quarter of a pre-election year has been positive 17 out of 18 times since 1950, with the index rising by an average of +7.4%. This was also the best quarter of the entire four-year presidential cycle. On top of that, the second quarter has been quite good as well.
investing.com
S&P 500 Index (SPX) - Investing.com
Get S&P 500 Index live stock quotes as well as charts, technical analysis, components and more SPX index data.
Boy have the small drillers
Posted by rbreese on 26th of Jan 2023 at 10:14 am
Boy have the small drillers given it all back so quickly. NINE RIG BKR etc. Too many algos and small traders ready to pull the trigger.
Took quick gain out RIG
Posted by rbreese on 26th of Jan 2023 at 10:11 am
Took quick gain out RIG 6.37 .
Actually went long RIG after
Posted by rbreese on 26th of Jan 2023 at 09:59 am
Actually went long RIG after huge drop to 6.25 area. from 6.56
Took a swing short again
Posted by rbreese on 26th of Jan 2023 at 09:44 am
Took a swing short again on RIG at 6.55 on opening with high RSI and covered most 6.37 and 6.36
EVEN WOLF missed on earnings
Posted by rbreese on 26th of Jan 2023 at 09:30 am
EVEN WOLF missed on earnings down 7 percent last night but recovering a lot this a.m. I did take half of my INTC shares off on opening 30.09 . Just being careful
INTC had large call buyers
Posted by rbreese on 26th of Jan 2023 at 09:28 am
INTC had large call buyers according to Fast Money last night. So I bought some stock 29.88 premarket. Even the dead Semis are perking up for now.
With $3 support taken out
Posted by rbreese on 26th of Jan 2023 at 09:16 am
The much-touted $3 support for natural gasis history, but is it game over for the bears? From Investing.com today
investing.com
Natural Gas Futures Price - Investing.com
Get detailed information about Natural Gas Futures including Price, Charts, Technical Analysis, Historical data, Reports and more.