Market rallies in tune with short-term oversold conditions

Larger intermediate cycle remains overbought

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 index, chart, maad, technical, indicator

stock index, chart, cpfl, technical, 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

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

24961

4-10-12

1

19

4-10-12

25426

89561

4-11-12

16

4

4-11-12

21588

23977

4-12-12

18

2

4-12-12

34918

21581

4-13-13

0

20

4-13-12

11875

64376

4-16-12

10

10

4-16-12

15429

53058

4-17-12

19

1

4-17-12

28805

25489

*Note: Unchanged issues are not counted.


<< Page 2 of 2
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. 

Comments
comments powered by Disqus