Market sells lower on week, but negativity is not inclusive

Weekly Review: MAAD & CPFL Analysis

Conclusion

Last Tuesday’s sharp market losses not only re-asserted Minor Cycle negativity, they also highlighted the potential vulnerability of an Intermediate Cycle trend that is mature. Ongoing weakness in the Dow 30 that forced the bellwether into a new Intermediate Cycle negative with a new short-term low occurring in VAY last Friday merely amplified the market’s recent unfavorable tone. But positive contradictions in COMPX and MAAD and near-term “Oversold” conditions in our price-based Trading Oscillators have left a conflicted jury demanding more evidence. The verdict will soon be forthcoming.

MAAD daily data for past 30 days*

CPFL daily data for past 30 days

Date

NYSE Adv

NYSE Dec

Date

OEX Call $Volume

OEX Put $Volume

7-22-13

14

6

7-22-13

10599

8983

7-23-13

8

11

7-23-13

7094

8896

7-24-13

7

12

7-24-13

11880

13433

7-25-13

13

7

7-25-13

7122

9620

7-26-13

10

10

7-26-23

17715

5702

7-29-13

8

11

7-29-13

5265

8442

7-30-13

10

7

7-30-13

6139

11531

7-31-13

7

13

7-31-13

6659

21196

8-1-13

16

4

8-1-13

18577

26149

8-2-13

13

7

8-2-13

15406

14201

8-5-13

11

9

8-5-13

16587

33849

8-6-13

4

16

8-6-13

25673

16304

8-7-13

6

14

8-7-13

9659

24102

8-8-13

17

3

8-8-13

10581

23811

8-9-13

11

9

8-9-13

11010

29092

8-12-13

14

6

8-12-13

4664

9241

8-13-13

10

10

8-13-13

13128

13169

8-14-13

11

9

8-14-13

8818

9694

8-15-13

5

14

8-15-13

47197

81059

8-16-13

6

14

8-16-13

16021

68567

8-19-13

3

16

8-19-13

8714

27909

8-20-13

15

4

8-20-13

9335

11902

8-21-13

2

18

8-21-13

8125

54624

8-22-13

17

3

8-22-13

98636

11347

8-23-13

15

4

8-23-13

9071

30977

8-26-13

7

13

8-26-13

12717

65786

8-27-13

0

20

8-27-13

45177

61047

8-28-13

15

4

8-28-13

4443

40268

8-29-13

15

4

8-29-13

16417

63697

8-30-13

7

13

8-30-13

4341

40669

*Note: Unchanged issues are not counted.

MAAD weekly data for past 30 weeks**

CPFL weekly data for past 30 weeks

Date

NYSE Adv

NYSE Dec

Date

OEX Call $Volume

OEX Put $Volume

2-8-13

10

9

2-8-13

79635

31633

2-15-13

11

9

2-15-13

81129

33755

2-22-13

4

16

2-22-13

92498

42338

3-1-13

7

12

3-1-13

84043

45510

3-8-13

19

1

3-8-13

99617

35462

3-15-13

13

7

3-15-13

146291

30502

3-22-13

6

14

3-22-13

60614

38326

3-29-13

13

7

3-29-13

46289

19185

4-5-13

7

13

4-5-13

36138

75905

4-12-13

17

3

4-12-13

102421

24788

4-19-13

5

15

4-19-13

77064

98927

4-26-13

16

4

4-26-13

69002

47733

5-3-13

18

2

5-3-13

106307

39059

5-10-13

16

4

5-10-13

101919

27785

5-17-13

16

4

5-17-13

264768

40669

5-24-13

7

13

5-24-13

133188

105220

5-31-13

10

10

5-31-13

52189

172660

6-7-13

14

6

6-7-13

208337

89250

6-14-13

6

14

6-14-13

84672

121886

6-21-13

4

16

6-21-13

47968

226866

6-28-13

16

4

6-28-13

102801

64660

7-5-13

11

9

7-5-13

79591

26170

7-12-13

18

2

7-12-13

145875

46051

7-19-13

12

8

7-19-13

60057

30066

7-26-13

9

11

7-26-13

39694

27418

8-2-13

16

3

8-2-13

52347

54888

8-9-13

9

11

8-9-13

44818

132161

8-16-13

5

15

8-16-13

49366

206060

8-23-13

12

7

8-23-13

39357

90644

8-30-13

1

19

8-30-13

64499

287292

**Note: All data is for calendar week ending on Friday even though ending date may be a holiday. Unchanged issues in MAAD calculations are not counted.

<< Page 5 of 5
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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