Market Timing Charts Update
Fari Hamzei
We had a few emails asking us for a quick update on our Market Timing Charts given the price action we have experienced in the last couple of days. Here they are:
Worth noting:
A) McClellan Oscillators have entered a slight oversold condition (down to less than -100 readings in three trading days).
B) SPX failed to touch its 200-day Moving Average.
C) NDX closed below its 200-day Moving Average. We talked about this possibility in our last Saturday Webinar
D) Down to Up Volume Ratios in NYSE and NAZZ were 11 and 22 to 1, respectively.
![](http://www.hamzeianalytics.com/BlogCharts/FH_051309_Timer.png)
Note: Huge drop in DJ Trans and Russell 2000 to -1 sigma level. Bad leading indicator for the economy (going forward) and risk-takers (weak hands in small caps got their head handed to them).
![](http://www.hamzeianalytics.com/BlogCharts/FH_051309_Wyckoff.png)
Note: VXO bounced off -2 sigma yesterday and jumped today. Never made it to -3 sigma (our target). May Options X is here in the earnest.
![](http://www.hamzeianalytics.com/BlogCharts/FH_051309_Vols.png)