S&P 500, Dow 30 exhibit reversal day characteristics

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

Date

NYSE Adv

NYSE Dec

Date

OEX Call $Volume

OEX Put $Volume

1-18-12

18

2

1-18-12

51107

17292

1-19-12

17

3

1-19-12

122407

21066

1-20-12

12

7

1-20-12

28217

22777

1-23-12

13

6

1-23-12

21447

40321

1-24-12

9

11

1-24-12

23867

17961

1-25-12

14

2

1-25-12

48455

32170

1-26-12

4

15

1-26-12

35614

34927

1-27-12

7

13

1-27-12

35352

26624

1-30-12

8

11

1-30-12

31907

21965

1-31-12

10

10

1-31-12

22035

19605

2-1-12

19

1

2-1-12

59444

33008

2-2-12

11

7

2-2-12

26098

13336

2-3-12

19

1

2-3-12

75145

15813

2-6-12

8

12

2-6-12

48497

15474

2-7-12

10

9

2-7-12

51427

27147

2-8-12

15

5

2-8-12

40749

15883

2-9-12

8

11

2-9-12

25312

17956

2-10-12

3

17

2-10-12

38202

39263

2-13-12

16

2

2-13-12

45728

13705

2-14-12

5

14

2-14-12

53835

24968

2-15-12

4

15

2-15-12

25980

29720

2-16-12

19

1

2-16-12

55112

23062

2-17-12

10

9

2-17-12

42379

15373

2-21-12

10

10

2-21-12

18235

19137

2-22-12

2

18

2-22-12

16936

31595

2-23-12

14

6

2-23-12

16814

16610

2-24-12

13

6

2-24-12

21904

19290

2-27-12

15

5

2-27-12

28625

15156

2-28-12

15

4

2-28-12

13795

11355

2-29-12

3

17

2-29-12

32060

41398

*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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