Users: Lotion Boy: The Slippery Slope Investment and Chuckle Forum: This Indicator Was Spot on In May
The Slippery Slope Investment and Chuckle Forum: This Indicator Wa...
The $OEXA200R (the percentage of S&P 100 stocks above their 200 DMA) is a
technical indicatoravailable on StockCharts.com that can be used to forecast conservative entry and exit points for
the stock market.
The charts below are current through Friday's close.
Daily OEXA200R past 12 months
Monthly OEXA200R since April 2007
Interpretation:
The OEXA200R ended the week down 6 points at 53%, having previously dropped to the crucial 65% "Sell it all!" line on May 15.
Of the three secondary indicators:
MACD has flipped from positive to NEGATIVE (red line above black). Slow STO has flipped from positive to NEGATIVE (red line above black). RSI is below 50 and is NEGATIVE.Commentary
Well, I hope you "went away in May" (May 15 to be precise, you were warned) because June has started off with a bang. The unemployment numbers are a disaster and we still have the end of Operation Twist and the Grexit to look forward to. The next stop is when OEXA200R hits 50% and the bottom really falls out. This might be one long, hot summer.
Comments
Tashi