June 24, 2009 June 24, 2009 By charlie In , , , , , ,

NYSE McClellan Oscillator ($SPY)

NYMO090624The best market news I’ve seen is the positive move in the NYSE McClellan Oscillator. This is a very handy short term indicator, and it is saying we have more bounce on the way. It remains below the zero mark so I’m not in a rush to get invested, but I’m getting less cautious about the short term trend.