I think serious traders should always be looking for their
own discoveries to give them an edge. Tom McClellan piqued my
interest with a divergence study between CEFs that are much more
sensitive and move sooner, and SPX and I have been keeping track.
Small sample size of a few weeks so far. Here's this week ONLY and
the long divergence between the two as a heads-up for Friday's
advance that other divergences did not reveal. Diverging Advance
Decline lines. CEFs above SPX below.
yep it leads, and we also discussed that as a big warning last
Nov and Dec, of course along with all the other warnings - there
were multiple things that were pretty obvious
I am plotting the Bond CEFs Adv/Decl vs SPX not the NYSE, Matt.
With all he volatility in the bond market lately it seems more
sensitive and thus more frequent divergences.
I think serious traders should
Posted by brophy on 22nd of Oct 2022 at 09:37 am
I think serious traders should always be looking for their own discoveries to give them an edge. Tom McClellan piqued my interest with a divergence study between CEFs that are much more sensitive and move sooner, and SPX and I have been keeping track. Small sample size of a few weeks so far. Here's this week ONLY and the long divergence between the two as a heads-up for Friday's advance that other divergences did not reveal. Diverging Advance Decline lines. CEFs above SPX below.
How does it look if
Posted by jonesy85 on 23rd of Oct 2022 at 05:25 pm
How does it look if it were a spy or kiss system? I bet pretty bad ass!
yep it leads, and we
Posted by matt on 22nd of Oct 2022 at 11:50 am
yep it leads, and we also discussed that as a big warning last Nov and Dec, of course along with all the other warnings - there were multiple things that were pretty obvious
Yes I will be pointing
Posted by matt on 22nd of Oct 2022 at 11:42 am
Yes I will be pointing out the divergences this weekend the advanced decline, here's an example
https://twitter.com/mnkahn/status/1583535774665912320?s=20&t=l3vurGSus0HSaleQsGEoEQ
twitter.com
I am plotting the Bond
Posted by brophy on 22nd of Oct 2022 at 05:24 pm
I am plotting the Bond CEFs Adv/Decl vs SPX not the NYSE, Matt. With all he volatility in the bond market lately it seems more sensitive and thus more frequent divergences.
https://www.mcoscillator.com/learning_center/weekly_chart/no_bullish_message_yet_from_bond_cef_a-d_line/
Thanks for pointing this out,
Posted by timebandit on 23rd of Oct 2022 at 08:37 am
Thanks for pointing this out, brophy. Where do you get your CEF A/D data?