|Simple Trading Ideas||
$NYMO, the NYSE McClellan Oscillator turned negative again as you can see on the chart below. The McClellan Oscillator is a breadth indicator calculated from Net Advances. Net Advances are advancing issues less declining issues in this case on the New York Stock Exchange. The McClellan Oscillator puts momentum into the AD line. It is positive when the advancing issues are dominating and negative when the declining issues are dominating. Notice also on the chart below the bearish divergence. $NYA reached new highs last week but $NYMO failed to reach new highs and didn’t even go above 20.