The Chicago Board Options Exchange Market Volatility Index is a popular measure of the implied volatility of S&P 500 index options. Often referred to as the fear index or the fear gauge, it represents one measure of the market's expectation of stock market volatility over the next 30 day period. If the market makes a new high and the VIX does not make a new low, caution is warranted.
Modfied McClellan Indicator Daily For Members Only!
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This indicator is derived from the daily net advances, the number of advancing issues less the number of declining issues. By applying 2 exponential moving averages (short and longer one) of net advances this is a perfect momentum as well as breadth indicator. The McClellan Oscillator is a momentum indicator that works similar to MACD. The McClellan is above and below the zero line as the moving averages converge, cross and diverge. Investors should watch out for signal line crossovers, centerline crossovers and divergences between the market and the McClellan Oscillator to generate signals. WSC used a slightly different formula to calculate the McClellan Oscillator.
Global Futures Trend Index Daily For Members Only!
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The Global Futures Trend Indicator calculates the amount of stocks listed on NYSE which are reaching weekly new highs or weekly new lows. As long as the gauge of this index stays above the 60% level there is a solid bullish trend in progress.
