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SharePlanner (< 20)

T2108 & NYSI Oversold Indicator



May 13, 2010 – Comments (6) | RELATED TICKERS: ADP

The week is almost over, and as you can clearly see the T2108 got a nice bounce from the market's action on Monday and Wednesday. I'm short to the gills right now, so I'm looking for tomorrow to continue with what we saw this afternoon in the markets - and that is more and more selling.

I didn't pull the trigger on anything today, though I would have liked to of in ADP, but it sold off hard and fast from the onset, so I never got in and I sure as heck wasn't about to chase after it.

T2108 Chart

The second chart is that of the NYSI Advance/Decline with a Stochastics overlay included. This is one of my favorite indicators for determining market reversals, and while it is at the bottom, it hasn't reversed, but could see it do so as early as next week.

NYSI Reversal Indicator

6 Comments – Post Your Own

#1) On May 13, 2010 at 9:35 PM, binve (< 20) wrote:

Hey Shareplanner, you may be interested in these posts of mine today:


No Whammies!

Whatever the count actually is, it doesn't look healthy.

I am thinking very similarly to you at the moment..

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#2) On May 13, 2010 at 11:19 PM, SharePlanner (< 20) wrote:

Good stuff - read the articles on your website and have bookmarked it!

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#3) On May 14, 2010 at 1:02 AM, binve (< 20) wrote:

Thanks! I have bookmarked yours as well!

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#4) On May 14, 2010 at 1:07 AM, TMFUltraLong (99.60) wrote:

The summation Index is one of my favorite indicators, but there is simply too nasty a spread right now to make a lot on the short side. I agree the market is brutally overvalued but I've been sniping in and out of SPY calls most of the past 5 trading days. I didnt make a move today but I'm angling for more calls tomorrow if we make another downward move.


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#5) On May 14, 2010 at 6:54 AM, SharePlanner (< 20) wrote:

UltraLong - Nice! Looks like you will have your chance to get some calls rather quickly this morning.

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#6) On May 14, 2010 at 2:38 PM, TMFUltraLong (99.60) wrote:

We'll see how well this works out, looking to keep my ridiculously lucky but perfect streak intact over the last week and a half... I'm in for June SPY 118 calls. I should be up on anything over S&P 1134.


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