Market Snapshot for session ending 8-3-11:
|
Last |
Net Change |
%Change | |
|
S&P 500 |
1260.34 |
+6.29 |
+.50% |
|
Dow Jones Industrials |
11896.44 |
+29.81 |
+.25% |
|
NASDAQ Composite |
2693.07 |
+23.83 |
+.89% |
|
Value Line Arithmetic |
2813.45 |
+20.82 |
+.75% |
Cycle Status:
|
Minor Cycle |
Intermediate Cycle |
Major Cycle |
|
Negative |
Neutral / Negative |
Positive |
Market Overview:
- Index prices gained a bit Wednesday, but short-term trend remains negative.
- Break below supports made last March is an indication some "bottom fishers" are awake, but strength could prove to be more short-covering than anything.
- Cumulative Volume sinks below March lows in cash S&P while CV in S&P Emini remains well below March and June lows and just a nudge above March 2009 lows.
- Minor Cycle stats are getting somewhat "Oversold," but to suggest a near-term bottom could be premature.
- Cumulative Volume in Cash S&P (see chart) remains below major uptrend line stretching back to March 2009.
- S&P Emini Cumulative Volume (see chart) has also fractured uptrend since 2009 while also threatening to sink below March 2009 indicator lows.
- MAAD (see chart) using Daily data perked higher Wednesday, but overall statistical trend of indicator remains negative.
- CPFL (see chart) gained a touch Wednesday and also remains in negative mode.
Click charts to enlarge
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 |
|
6-22-11 |
6 |
14 |
6-22-11 |
42731 |
33184 |
|
6-23-11 |
7 |
12 |
6-23-11 |
90363 |
64042 |
|
6-24-11 |
3 |
17 |
6-24-11 |
23302 |
76948 |
|
6-27-11 |
16 |
3 |
6-27-11 |
27558 |
34959 |
|
6-28-11 |
14 |
6 |
6-28-11 |
36851 |
34376 |
|
6-29-11 |
16 |
4 |
6-29-11 |
108969 |
71000 |
|
6-30-11 |
15 |
5 |
6-30-11 |
54196 |
28399 |
|
7-1-11 |
18 |
1 |
7-1-11 |
100149 |
51993 |
|
7-4-11 |
Holiday |
7-4-11 |
Holiday | ||
|
7-5-11 |
8 |
12 |
7-5-11 |
58532 |
18215 |
|
7-6-11 |
6 |
13 |
7-6-11 |
68574 |
16147 |
|
7-7-11 |
18 |
1 |
7-7-11 |
196066 |
42730 |
|
7-8-11 |
4 |
16 |
7-8-11 |
49479 |
31316 |
|
7-11-11 |
1 |
19 |
7-11-11 |
61484 |
121450 |
|
7-12-11 |
5 |
15 |
7-12-11 |
30530 |
98038 |
|
7-13-11 |
14 |
6 |
7-13-11 |
25452 |
90215 |
|
7-14-11 |
3 |
17 |
7-14-11 |
57503 |
73908 |
|
7-15-11 |
8 |
10 |
7-15-11 |
122830 |
41278 |
|
7-18-11 |
0 |
19 |
7-18-11 |
32600 |
70051 |
|
7-19-11 |
18 |
2 |
7-19-11 |
81963 |
36469 |
|
7-20-11 |
12 |
8 |
7-20-11 |
48958 |
36029 |
|
7-21-11 |
14 |
6 |
7-21-11 |
81985 |
37458 |
|
7-22-11 |
6 |
14 |
7-22-11 |
26566 |
23969 |
|
7-25-11 |
5 |
15 |
7-25-11 |
60431 |
29726 |
|
7-26-11 |
13 |
7 |
7-26-11 |
12740 |
29994 |
|
7-27-11 |
3 |
17 |
7-27-11 |
25922 |
98893 |
|
7-28-11 |
5 |
14 |
7-28-11 |
31161 |
42272 |
|
7-29-11 |
5 |
14 |
7-29-11 |
39764 |
73156 |
|
8-1-11 |
8 |
12 |
8-1-11 |
67404 |
100232 |
|
8-2-11 |
0 |
20 |
8-2-11 |
44027 |
98237 |
|
8-3-11 |
17 |
4 |
8-3-11 |
112076 |
111221 |
*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.
