Stock indexes confirm short-term negative, but already oversold

Indicators diverge on bearish/bullish signals

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

stock, market, technical, analysis, maad

stock, market, technical, analysis, cpfl, indicator

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

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

3-1-12

14

5

3-1-12

25260

18375

3-2-12

9

11

3-2-12

10440

10093

3-5-12

4

16

3-5-12

22635

13196

3-6-12

1

19

3-6-12

28730

63236

3-7-12

18

2

3-7-12

16176

18992

3-8-12

15

5

3-8-12

32228

22865

3-9-12

14

5

3-9-12

45736

16176

3-12-12

8

12

3-12-12

31314

41969

3-13-12

18

2

3-13-12

116950

23343

3-14-12

11

9

3-14-12

56008

27023

3-15-12

18

2

3-15-12

46339

20392

3-16-12

10

10

3-16-12

102486

32711

3-19-12

15

5

3-19-12

38465

19655

3-20-12

12

8

3-20-12

26976

10919

3-21-12

9

10

3-21-12

61299

15518

3-22-12

1

19

3-22-12

29211

33849

3-23-12

10

9

3-23-12

18360

15875

3-26-12

17

3

3-26-12

55311

19666

3-27-12

7

16

3-27-12

28603

26101

3-28-12

8

11

3-28-12

24422

22557

3-29-12

5

15

3-29-12

21399

20821

3-30-12

14

6

3-30-12

37733

15634

4-2-12

16

3

4-2-12

29267

17521

4-3-12

2

18

4-3-12

106538

20067

4-4-12

1

19

4-4-12

33220

36168

4-5-12

9

12

4-5-12

12036

26144

4-9-12

3

17

4-9-12

48704

2496

*Note: Unchanged issues are not counted.


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About the Author
Robert McCurtain

Robert McCurtain is a technical analyst/market timer, private investor and financial markets consultant based in New York City. He 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. A two-part series about system development with the MAAD also is available. 

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