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McClellan Oscillators Are Nearing Overbought Levels


McClellan Oscillators Are Nearing Overbought Levels
Our latest look at the market s charts and indicators.
More highs again.
Once again, several new all-time closing highs were registered on the major equity indices on Friday as the vast majority remain in near-term uptrends and lacking sell signals.
Meanwhile, the one-day McClellan OB/OS Oscillators are nearing overbought levels and forward 12-month earnings estimates for the S&P 500 continue to rise. As such, while we believe some very selective buying of individual names is still appropriate.
On the Charts
All the major equity indices closed higher Friday with positive internals.
New all-time closing highs were registered on the S&P 500, Nasdaq Composite, Nasdaq 100, Midcap 400, Russell 2000 and Value Line Arithmetic Index. ....

Nasdaq Composite , Value Line Arithmetic , Dow Jones Transports , All Exchange , Oversold Oscillators , Rydex Ratio , Open Insider , Sell Ratio , Investors Intelligence , Bull Ratio , Bull Ratios , The Street , Guy Ortmann , நாஸ்டாக் கலப்பு , மதிப்பு வரி எண்கணிதம் , டோ ஜோன்ஸ் போக்குவரத்து , அனைத்தும் பரிமாற்றம் , திறந்த உள் , விற்க ரேஶியோ , முதலீட்டாளர்கள் உளவுத்துறை , காளை ரேஶியோ , தலைப்புச் செய்திகள் , தி தெரு , பையன் ஒர்திமன்ன ,

Index Charts Weaken: Cause for Concern?


Index Charts Weaken: Cause for Concern?
Forward earnings estimates for the S&P 500 have dropped.
Dec 23, 2020 | 10:32 AM EST
The charts of the major equity indices have weakened, but remain a mix of neutral and bullish trends. The data, on the other hand, still suggests some caution is warranted.
Meanwhile, forward 12-month consensus earnings estimates for the S&P 500 have seen a notable decline, stretching what appears to be an overvalued market even further.
What s this all mean for investors? Let s take a look at the charts and data.
On the Charts
Source: Worden
The major equity indices closed mixed Tuesday with a mix of positive and negative technical events. Importantly, no violations of support occurred that we would need to see to become more cautionary from a chart perspective. ....

Nasdaq All Exchange , Dow Jones , Value Line , Dow Jones Transports , Nasdaq Composite , Dow Transports , Value Line Arithmetic , All Exchange , Oversold Oscillators , Open Insider , Sell Ratio , Rydex Ratio , Investors Intelligence , Bull Ratio , நாஸ்டாக் அனைத்தும் பரிமாற்றம் , டோ ஜோன்ஸ் , மதிப்பு வரி , டோ ஜோன்ஸ் போக்குவரத்து , நாஸ்டாக் கலப்பு , டோ போக்குவரத்து , மதிப்பு வரி எண்கணிதம் , அனைத்தும் பரிமாற்றம் , திறந்த உள் , விற்க ரேஶியோ , முதலீட்டாளர்கள் உளவுத்துறை , காளை ரேஶியோ ,

Indexes Successfully Test Support Levels


Indexes Successfully Test Support Levels
Why caution is still warranted, though.
They passed the test.
All the major equity indices closed at or near their intraday highs Monday with successful tests of their support levels. The charts remain generally positive.
However, the psychology data continues to suggest too much bullish sentiment exists while valuation remains extended with their combined signals suggesting caution is warranted.
On the Charts
Source: Worden
The only index posting a gain Monday was the DJIA (see above) as the rest posted losses. However, the early morning selloff proved to be the lows of the day as buyers came in to push all the indices higher to close at or near their intraday highs. ....

Nasdaq All Exchange , Dow Jones , Value Line , Dow Jones Transports , Value Line Arithmetic , Dow Transports , All Exchange , Othat Note , Oversold Oscillators , Open Insider , Sell Ratio , Rydex Ratio , Investors Intelligence , Bull Ratio , நாஸ்டாக் அனைத்தும் பரிமாற்றம் , டோ ஜோன்ஸ் , மதிப்பு வரி , டோ ஜோன்ஸ் போக்குவரத்து , மதிப்பு வரி எண்கணிதம் , டோ போக்குவரத்து , அனைத்தும் பரிமாற்றம் , அந்த குறிப்பு , திறந்த உள் , விற்க ரேஶியோ , முதலீட்டாளர்கள் உளவுத்துறை , காளை ரேஶியோ ,