S&P at first upside target as overbought market persists

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

12-5-11

18

2

12-5-11

52888

66904

12-6-11

9

11

12-6-11

24227

40171

12-7-11

15

4

12-7-11

29312

31666

12-8-11

1

19

12-8-11

31366

39164

12-9-11

18

2

12-9-11

39820

41951

12-12-11

2

18

12-12-11

24550

63811

12-13-11

6

14

12-13-11

37812

79295

12-14-11

4

16

12-14-11

45416

95255

12-15-11

12

7

12-15-11

17993

63703

12-16-11

13

6

12-16-11

35870

62519

12-19-11

3

17

12-19-11

19386

47544

12-20-11

19

1

12-20-11

55310

29625

12-21-11

13

7

12-21-11

32572

16483

12-22-11

18

2

12-22-11

37719

17398

12-23-11

13

6

12-23-11

41836

18735

12-27-11

8

11

12-27-11

9073

15409

12-28-11

0

20

12-28-11

16562

26802

12-29-11

19

1

12-29-11

20925

17369

12-30-11

6

13

12-30-11

6124

10362

1-3-12

19

1

1-3-12

35670

29266

1-4-12

13

7

1-4-12

26802

22155

1-5-12

16

4

1-5-12

61415

21835

1-6-12

7

13

1-6-12

22284

25868

1-9-12

17

3

1-9-12

9556

14616

1-10-12

14

4

1-10-12

49137

22774

1-11-12

15

5

1-11-12

33050

16064

1-12-12

15

5

1-12-12

38719

17173

1-13-12

3

15

1-13-12

52855

26824

1-17-12

10

9

1-17-12

55193

29267

1-18-12

18

1

1-18-12

51107

17292

*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.

<< Page 2 of 2
Comments
comments powered by Disqus