PeakTrader.com Forum Index PeakTrader.com
Economics, Portfolio Optimization, and Technical Analysis
 
 FAQFAQ   SearchSearch   MemberlistMemberlist   UsergroupsUsergroups   RegisterRegister 
 ProfileProfile   Log in to check your private messagesLog in to check your private messages   Log inLog in 
Log inFast Charts

NYMO Extremes

 
Post new topic   Reply to topic     PeakTrader.com Forum Index -> Market Forecast
View previous topic :: View next topic  
Author Message
administrator
Site Admin


Joined: 28 Dec 2005
Posts: 11966

PostPosted: Sun Mar 25, 2007 7:16 am    Post subject: NYMO Extremes Reply with quote

The first chart is a daily NYMO (red dotted line and right scale) and daily SPX (black line and left scale) three-year comparison chart. The second chart is a weekly SPX three-year chart, with 10 & 40 week MAs and volume, which can be compared to SPX in the first chart. SPX rose over 49 points last week, which was its best week in years.

The first chart shows the daily NYMO fell to roughly negative 100 three times recently, in Mar '07, Mar '05, and May '04. Typically, when NYMO falls to negative 50, SPX is severely oversold. After the Mar '05 and May '04 NYMO lows, SPX rose to lower highs and then fell to lower lows. After the Mar '05 NYMO low, SPX reached a lower low in Apr '05, and after the May '04 NYMO low, SPX reached a lower low in Aug '04. Consequently, SPX may fall below 1,380 in or before Jun '07, although only two prior observations aren't statistically significant, which often don't make a difference in the stock market.

However, the third chart shows CPC (CBOE Put/Call) is extremely SPX bullish, while VIX is roughly SPX neutral. CPC suggests an SPX pullback will be limited, or a volatile range will take place, and then SPX will rise to new highs.






ARRA Failure - Barro - Multipliers - Balance Budget Multiplier

http://econbrowser.com/archives/2019/03/the-pedagogical-implications-of-mr-trump#comments

Information Revolution in U.S. and E.U. - Long Boom

http://econbrowser.com/archives/2019/03/the-long-expansion-continues#comments

Democrats have most abortions - Baffling - Trump and Fed

http://econbrowser.com/archives/2019/03/the-fault-is-in-ourselves#comments

Minimum Wage

http://econbrowser.com/archives/2019/03/self-professed-policy-analysts-predicts-minimum-wage-induced-employment-disaster#comments

http://econbrowser.com/archives/2019/03/self-professed-policy-analyst-predicts-minimum-wage-induced-employment-disaster-corrected#comments

http://econbrowser.com/archives/2019/03/nyc-minimum-wage-devastates-nyc-employment-in-sector-x#comments

Kopits immigration plan

http://econbrowser.com/archives/2019/03/on-kansas-prognostications-from-five-years-ago#comments

Mexican border - Alien-Immigrant Crime

http://econbrowser.com/archives/2019/04/empirically-assessing-a-whole-world-of-hurt#comments

China trade and stolen technology - Climate Change

https://www.aei.org/publication/friday-evening-links-8/

Employment growth and 12 month moving average

http://econbrowser.com/archives/2019/04/i-spent-a-couple-trillion-dollars-and-all-i-got-was-trend-employment-growth#comments

Marijuana articles Kopits

http://econbrowser.com/archives/2019/04/when-the-textbook-is-right-implications-of-the-trump-fiscal-trade-regime#comments

Immigration (GAO study)

http://econbrowser.com/archives/2019/04/isnt-that-exactly-the-definition-of#comments

Job Growth under Trump

http://econbrowser.com/archives/2019/04/cea-chair-hassett-us-recession-impossible-by-summer-next-year#comments

Summary job growth - output gap - unemployment indicator

https://www.aei.org/publication/friday-evening-links-9/

Jobs per year

http://econbrowser.com/archives/2019/04/thoughts-on-the-next-recession#comments
Back to top
View user's profile Send private message
Display posts from previous:   
Post new topic   Reply to topic     PeakTrader.com Forum Index -> Market Forecast All times are GMT - 8 Hours
Page 1 of 1

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum


Powered by PeakTrader 2.0.8 © 2001, 2002