I added more indicators and descriptions

    Posted by matt on 15th of Feb 2023 at 10:14 am

    I will continue to add to it daily - eventually we'll have a nice resource in one spot. Also, again this format won't stay like this, I'm simply using a newsletter as a repository for the info, then I'll have James add to a section or different format, again for now I'm just adding stuff, no organization etc, that will come later

    https://breakpointtrades.com/market_analysis/legacy/?nl_id=3995  

    NYMO - NYSE McClellan Oscillator - Plotted with Bollinger Bands

    The NYMO NYSE McClellan Oscillator is a very useful indicator. When plotted with simple Bollinger Bands, take note when it closes below its lower Bollinger Bands. Typically good for pointing out situations where the market is due for at least a reversion to mean bounce or is short-term oversold. Typically the NYMO will close below its lower Bollinger bands for 1, 2, 3, and rarely 4 consecutive days; the more consecutive days, the more oversold and prone to a bounce the market is. 

    You can also look for positive and negative divergence between the NYMO and the SPX to find areas where the market is bottoming or topping.

    NYMO - NYSE McClellan Oscillator - Plotted as Histogram with Bollinger Bands

    The NYMO NYSE McClellan Oscillator is a very useful indicator. Just like my description above, observe the action around the Bollinger Bands (closing above or below them), however this one is plotted as a histogram and also compares it to the S&P 500

    NAMO - Nasdaq McClellan Oscillator - Plotted with Bollinger Bands

    The NAMO Nasdaq McClellan Oscillator is a very useful indicator. When plotted with simple Bollinger Bands, take note when it closes below its lower Bollinger Bands. Typically good for pointing out situations where the market is due for at least a reversion to mean bounce or is short-term oversold. Typically the NAMO will close below its lower Bollinger bands for 1, 2, 3, and rarely 4 consecutive days; the more consecutive days, the more oversold and prone to a bounce the market is. 

    You can also look for positive and negative divergence between the NAMO and the QQQ/SPX to find areas where the market is bottoming or topping.

    NYMO and NAMO McClellan Oscillator for NYSE and Nasdaq - Plotted together as Histogram

    This is a very useful all-in-one chart where I plot both the NYMO and NAMO indicators on the same chart as Histograms with Bollinger Bands. A very useful chart to where you can see at a glance if either one of these close below their lower Bollinger Bands

    CPC Put/Call Ratio - plotted as Area Plot with Bollinger Bands and compare to SPX index

    The CPC Put/Call ratio is the ratio of the total Put options dividend by Call options. Typically this is used as a gauge to measure short-term market sentiment. When the CPC is well below the 1 area, for example below 0.8 and less, it signals that there is very little fear in the market and to be cautious of a short-term pullback in the market. When the CPC spikes to levels over roughly 130 and higher, it signals short-term fear is getting to high and a reversion-to-mean bounce may occur at any moment. I also plot the CPCI with Bollinger Bands and typically when it spikes outside its upper Bollinger Bands, that is a good gauge that the market is short term oversold. 

    CPC Put/Call Ratio - plotted with Bollinger Bands and compare to SPX index

    The CPC Put/Call ratio is the ratio of the total Put options dividend by Call options. Typically this is used as a gauge to measure short-term market sentiment. When the CPC is well below the 1 area, for example below 0.8 and less, it signals that there is very little fear in the market and to be cautious of a short-term pullback in the market. When the CPC spikes to levels over roughly 130 and higher, it signals short-term fear is getting to high and a reversion-to-mean bounce may occur at any moment. I also plot the CPCI with Bollinger Bands and typically when it spikes outside its upper Bollinger Bands, that is a good gauge that the market is short term oversold. 

    CPC Put/Call Ratio - plotted as a 5 EMA and 200 length Bollinger Bands

    In this chart I plot the CPC as a 5 day EMA average, and apply a 200 length Bollinger Bands, instead of the standard 20 length. This is to be used for longer term oversold signals vs short-term like the standard CPC plot. Whenever the 5 EMA CPC closes outside its upper Bollinger Bands, typically occurs near major trade lows

    This is great Matt, thanks..

    Posted by greggone on 15th of Feb 2023 at 10:17 am

    This is great Matt, thanks.. also for the descriptions/explanations... 

Newsletter

Subscribe to our email list for regular free market updates
as well as a chance to get coupons!