Market fades, volume shrinks, resistance highs remain

NYSE trading volume was subnormal

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.

stock, index, maad, technical, indicator

cpfl, indicator, oex

            

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

7-10-12

1

19

7-10-12

9474

30206

7-11-12

11

9

7-11-12

13716

20738

7-12-12

4

16

7-12-12

17249

29638

7-13-12

17

3

7-13-12

48805

15073

7-16-12

8

12

7-16-12

20009

19221

7-17-12

15

5

7-17-12

42838

26385

7-18-12

13

7

7-18-12

59506

26094

7-19-12

10

9

7-19-12

45489

16478

7-20-12

3

17

7-20-12

35430

39286

7-23-12

8

12

7-23-12

35642

28992

7-24-12

3

17

7-24-12

36891

36155

7-25-12

13

7

7-25-12

33864

25110

7-26-12

13

7

7-26-12

74148

31857

7-27-12

19

1

7-27-12

10379

24155

7-30-12

8

11

7-30-12

20610

25618

7-31-12

8

12

7-31-12

10228

17013

8-1-12

7

13

8-1-12

49830

18571

8-2-12

1

19

8-2-12

39269

39289

8-3-12

17

3

8-3-12

75474

29920

8-6-12

13

7

8-6-12

27005

21005

8-7-12

16

4

8-7-12

44584

21424

8-8-12

14

4

8-8-12

16616

19266

8-9-12

13

7

8-9-12

21693

11773

8-10-12

11

8

8-10-12

18285

11473

8-13-12

6

14

8-13-12

33026

8497

8-14-12

6

14

8-14-12

19615

14050

8-15-12

13

7

8-15-12

19291

7879

8-16-12

15

4

8-16-12

68539

15856

8-17-12

11

9

8-17-12

41276

17198

8-20-12

8

10

8-20-12

20413

21365

*Note: Unchanged issues are not counted.

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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