Nymo System 1 year - Chart Link- one reason for the market bounce, of course in addition to the BTFP stimulus crap

$NYMO - Chart Link-

$NYMO - Chart Link

$SPX - Chart Link

NYMO Short Term - Chart Link-

$SPX - Chart Link-

NYMO Short Term - Chart Link-

$SPX - Chart Link-

NYMO Short Term - Chart Link-

$SPX - Chart Link-

$SPX - Chart Link-

NYMO Short Term - Chart Link- we still have that divergence here for now, but again 'bulls' need to intercept the football otherwise it could break down

!PMOBUYALL - Chart Link- haven't shown this one in a while

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

NYMO Short Term - Chart Link-

$COMPQ - Chart Link-

$VIX - Chart Link- VIX now in an uncorrelated configuration

NYMO Short Term - Chart Link- a divergence divergence exits between the NYMO and NYAD

NYAD 10 day vs SPX - Chart Link-

$NYMO - Chart Link- on July 20th the NYMO went outside the upper bollinger bands, which was short-term bullish - you can see in the past when this occurs you get a rally that lasts for a couple weeks generally. 

otherwise the NYMO itself is pretty high now as one of you commented yesterday

$SPX - Chart Link- here's the same view but with the NYMO has a Histogram

$NYMO - Chart Link

$COMPQ - Chart Link

some asked me for a collection of some of those Breadth indicators I commented on below that have a divergence - not making new lows like the indexes were at so here's the URLs

!VMCSUMNAS - Chart Link

!MCOSIRDOW - Chart Link

!MCOSIRSPX - Chart Link

$COMPQ - Chart Link

$NYMO - Chart Link

$SPX - Chart Link

NYMO Short Term - Chart Link- the NYMO hasn't updated yet on Stockcharts.com, but I can see the updated version on my Tradestation - it closed up.

So that positive divergence playing out

$NYMO - Chart Link note where the NYMO relative to the January low and it's in the middle of its bollinger bands, whereas the SPX is at/near the Jan lows. One could almost view this is a positive divergence between the two

$COMPQ - Chart Link - here's the NYMO and NAMO as one plot so you can see them together -

I placed the plots of the NAMO and NYMO has histograms with Bollinger bands vs the line charts we have always used, I think it's cleaner that way, and you can see both at once.

on the Nasdaq NAMO you can see how skewed it is - it's below it's lower BB's for 3 days while the Nasdaq is at new highs LOL

here's the two NAMO and NYMO separate charts that we've shown for years

NAMO Close Look - Chart Link-

$NYMO - Chart Link-

$NYMO - Chart Link - still has yesterday's prices, but as of yesterday was 2 days below lower BB, I assume today would be a 3rd - I'll check on my TS version

here's various McCellan Osc charts

Dow McClellan

SPX McClellan

MID McClellan

NYMO McClellan

NAMO McClellan

NASI- https://stockcharts.com/h-sc/ui?s=$NASI&p=D&yr=0&mn=9&dy=1&id=p99072127168&a=668629338&listNum=27

also these can be plotted as summation charts 

https://stockcharts.com/h-sc/ui?s=!VMCSUMNAS&p=D&yr=1&mn=0&dy=0&id=p94494748165&a=810068291&listNum=27

https://stockcharts.com/h-sc/ui?s=!BINAMCSM&p=D&yr=0&mn=9&dy=1&id=p47747192050&a=642614096&listNum=27

NYMO Short Term - Chart Link - today marked 2nd day in a row it closed below its lower Bollinger Bands

$McClellan Oscillator - SPX - Chart Link - McClellan for the SPX closed below it's lower Bollinger Band, and so did the NAMO

As I talked about on the newsletter, when you really look at things, Friday was such an obvious day to go very long at the close. 

NYMO Short Term - Chart Link The NYMO closed below its lower Bollinger Bands for 3 consecutive days! That's a VERY VERY rare event.

$SPX - Chart Link - also you had the Stochastic momo setup