Jim-What exactly is your call using the McClellan indicator for the
stock mkt? The McClellan is one of the oldest and most reliable of all of them. What exactly would be your play? To short stocks? If so, what exactly would u buy to do so–thanks!!
stock mkt? The McClellan is one of the oldest and most reliable of all of them. What exactly would be your play? To short stocks? If so, what exactly would u buy to do so–thanks!!
Richard:
Yes that indicator is for the stock market. The “short the market” setup is this: watch for weekly NASI to turn down from an elevated level as a warning sign. Confirmation occurs when it turns down through the moving average. Also, keep an eye on the NASI sto to cross to the downside from elevated levels. Since it’s a weekly indicator you probably would be best to wait until close to the end of the week to confirm weakness, though I’ve jumped the gun on occasion if there is weakness showing up prior to Friday.
Thanks Jim…I appreciate your insight-if it isn’t too much trouble could u give me a heads up if u get your signal? Her is my direct e-mail
clairejoie@aol.com
I’ll also let u know when I do a trade–I tried to buy 100 URA April 2017 $15 calls yesterday for 30 cents but didn’t get filled.
Will do Richard if I can with the holidays coming up. Meanwhile, here is the direct link to the chart (free, no subscription required):
http://stockcharts.com/h-sc/ui?s=$NASI&p=W&yr=2&mn=0&dy=0&id=p57360444220
Also, though I prefer NASI over NYSI, here’s the link to that chart which you may want to keep an eye on:
http://stockcharts.com/h-sc/ui?s=$NYSI&p=W&yr=2&mn=0&dy=0&id=p77766609061