Technical indicator hits minor low on market decline

We are updating the daily chart of both the Call/Put Dollar Value Flow Line (CPFL) and Most Actives Advance/Decline Line (MAAD) indicators every day and providing the most recent raw data so you can begin to plot the indicators on your own (see below). The weekly equity index indicator summary provides longer-term commentary based on these indicators.

The definitions of the indicators along with links to the original stories provide helpful background. Also, Robert describes these indicators in a recent I-Trade show presentation available online.

Click charts to enlarge

MAAD data for past 30 days*      CPFL data for past 30 Days

Date

NYSE Adv

NYSE Dec

Date

OEX Call $Volume

OEX Put $Volume

4-4-11

12

7

4-4-11

113235

28645

4-5-11

15

5

4-5-11

36928

27998

4-6-11

12

7

4-6-11

34609

26073

4-7-11

7

13

4-7-11

74493

41670

4-8-11

5

15

4-8-11

16121

41602

4-11-11

7

13

4-11-11

12804

43934

4-12-11

10

9

4-12-11

33875

123115

4-13-11

7

12

4-13-11

25130

65267

4-14-11

10

9

4-14-11

26774

67615

4-15-11

10

10

4-15-11

33183

30100

4-18-11

3

16

4-18-11

23208

100944

4-19-11

11

8

4-19-11

15252

17481

4-20-11

13

7

4-20-11

51113

34874

4-21-11

13

7

4-21-11

32118

40390

4-25-11

9

11

4-25-11

24351

13842

4-26-11

15

5

4-26-11

43515

29867

4-27-11

13

6

4-27-11

78341

20570

4-28-11

10

9

4-28-11

35967

37560

4-29-11

10

9

4-29-11

55003

37797

5-2-11

10

9

5-2-11

32083

30494

5-3-11

9

11

5-3-11

16284

29525

5-4-11

7

13

5-4-11

40645

60932

5-5-11

5

15

5-5-11

24356

134075

5-6-11

13

7

5-6-11

30543

91180

5-9-11

11

9

5-9-11

18209

37272

5-10-11

16

4

5-10-11

18059

18233

5-11-11

3

15

5-11-11

23767

69320

5-12-11

10

10

5-12-11

23998

36909

5-13-11

5

15

5-13-11

20551

44371

5-16-11

9

11

5-16-11

16345

76853

*Note: Unchanged issues are not counted.

Robert McCurtain is a technical analyst, market timer and private investor based in New York City. If you would like to read more about how the CPFL is constructed, read a Futures article on the concept. This will take you to the MAAD article. Robert can be reached at traderbob@nyc.rr.com.

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