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
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.
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
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.
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
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.
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.
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
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...