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The Market Reaction When NYMO is Below -100

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NYMO or the McClellan Oscillator has hit a very low point -hitting -103 today.  This does not happen to often, the last time was  November 23rd.

Below is a chart of the return of SPY 1 day after NYMO was below 100 from October

2009-Today:  From the middle of 2009 to now, 4 out of 9 times the market was up the next day after NYMO was below 100. With the highest being 4%.  5 out of 9 times the market closed down, the lowest was -6.5%

   1.  2.14 %   3. 4.04%    5. 1.47%  7. -6.51%   9. -.19%

   2..  -1.49%   4. -3.78%   6. -.14%  8. 4.65%