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Tuesday
Dec012009

The Oscillator Twins

DateTuesday, December 1, 2009 at 9:12AM

NYSI and NYMO are two key oscillators in the market. Here are charts of NYMO and NYSI

NYSI is nearing support levels watch for a bounce in NYSI or a break.  If the market cannot move up with strong advancers NYSI should be down.  Also NYSI is only 300 points away from breaking zero which is seen as long term bearish. Also on this chart look at NYAD and SPX, NYAD has held support at 200k

NYMO

One thing to notice about NYMO is the bullish divergence.  The divergence has occurred a few times since Feb.  Although the current divergence is not as strong as it was the pervious times.

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