Stock market is range bound with indicators still vulnerable

We are also 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

8-18-11

1

19

8-18-11

57314

307820

8-19-11

2

18

8-19-11

83277

180689

8-22-11

11

9

8-22-11

75476

97419

8-23-11

19

1

8-23-11

47698

53693

8-24-11

14

6

8-24-11

40691

56428

8-25-11

7

13

8-25-11

42278

91822

8-26-11

16

4

8-26-11

38924

56319

8-29-11

20

0

8-29-11

75779

81438

8-30-11

9

9

8-30-11

46659

65396

8-31-11

13

6

8-31-11

32768

84508

9-1-11

4

16

9-1-11

22993

85196

9-2-11

0

20

9-2-11

40576

99268

9-6-11

3

16

9-6-11

52088

82703

9-7-11

18

2

9-7-11

59474

60854

9-8-11

3

17

9-8-11

22064

52542

9-9-11

1

18

9-9-11

40071

124636

9-12-11

11

9

9-12-11

55845

77322

9-13-11

14

5

9-13-11

52584

63492

9-14-11

17

3

9-14-11

80682

68721

9-15-11

18

2

9-15-11

105735

29793

9-16-11

10

10

9-16-11

201966

76148

9-19-11

4

16

9-19-11

41680

45169

9-20-11

5

15

9-20-11

28947

52027

9-21-11

1

19

9-21-11

16580

56439

9-22-11

1

19

9-22-11

43737

189046

9-23-11

15

5

9-23-11

36209

75962

9-26-11

16

4

9-26-11

38003

64487

9-27-11

16

4

9-27-11

61643

101582

9-28-11

0

20

9-28-11

17255

67111

9-29-11

15

5

9-29-11

40247

64690

* Note: Unchanged issues are not counted.

Robert McCurtain is a technical analyst/market timer, private investor and financial markets consultant based in New York City. He is a member of the Market Technicians Association and can be reached at traderbob@nyc.rr.com.

If you would like to read more about how the CPFL is constructed, read a Futures article on the concept. This link will take you to the MAAD article.

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