Some CLX-CLXpp updates for the week ending 5-26-06.
John: if/when time allows, please flag any Dow CLX or CLXpp discrepancies.
First the Dow CLX-CLXpp offset table. The offsets scheduled to fall of in the coming holiday shortened trading week are highlighted in red. The font of the Weird Wollie Wednesday data is enlarged. Note for the 10 day offsets, next week is filled with favorable-for-the-bullish case offsets falling off. the 30 day offsets evaporating next week are a mixed bag, and depending upon next week's CLX-CLXpp action, may keep the CLX 30 day MA stagnant allowing the CLX 10 day MA to crossover the 30 day.
The Dow 10 day MA-30 day MA CLX chart. Assuming my numbers are close to being correct, I have the Dow CLX 10 day MA at -3.8 and the Dow 30 day at -0.13, thus per the offsets in play this week, the Dow 10 day MA has the opportunity to cross over the 30 day MA.
The leading DOW CLXpp indicator's 10 day MA, currently a bit below zero, has already crossed its 30 day MA to the upside.
The NDX CLX-CLXpp offset table. As with the Dow offsets, the NDX has favorable 10 day offsets due to expire over the coming week, while the 30 day offsets are unfavorable following Tuesday's trading.
The NDX CLX 10 day MA-30 day MA current configuration. The NDX CLX 10 day MA has turned up and is currently at -18, and needs some strength this week to overcome the 30 day MA currently around -8.
The NDX CLXpp 10 MA (at -8) is closer than its CLX counterpart in crossing over the 30 day MA (at -5).
The SMH CLX-CLXpp offset table with the offsets in play for the coming week highlighted in red. Pretty much the same story as the Dow and NDX offsets in play for the coming week, the bulls have their opportunity to exploit the favorable offsets for the 10 day.
The SMH CLX 10 day MA (-3.80) and 30 day MA (-2.07) configuration. With the current 10 day offsets due to disappear this week, the opportunity is setup for the 10 day MA to cross over the 30 day MA.
As did the Dow's CLXpp 10 day MA, the SMH CLXpp 10 day MA has already crossed over its 30 day MA.
Adding another table this week with the AD data for some broader based indices whose data is not widely published at free sites. The "key" for the symbols:
RUT: Russell 2000 small caps
RUI: Russell 1000 large/mid caps
RUA: Russell 3000 composite (sum of RUT and RUI)
NY Common: the 2000+ common stock components of NYA (NYSE composite index)
Included in the table are a couple of data points some may not be familiar with:
AD McClellan Oscillator (MCO) Unchanged: the number of net raw advances needed for the next day for the MCO to remain unchanged.
AD McClellan Oscillator (MCO) to Zero: the number of net raw advances needed to drive the MCO to zero for the next trading day.
Most of the other indicator values are familiar to those who study MCOs. Putting this table together does require a little work, so reader feedback on its usefulness would be appreciated to determine if it's worth the effort to maintain.
Everyone have a restful and enjoyable remaining Memorial Day weekend, and please do not forget the reason for Memorial Day. Remember those veterans who have served our country, and particularly those who gave the ultimate sacrifice for our freedoms.