The NYSE Member Trading Indicator   (NYSE Members Report)

The NYSE Members Report is compiled by the SEC and issued about two weeks after the applicable date. This indicator is a useful tool to determine what the experts are doing. If specialists, floor traders and other members of the New York Stock Exchange are shorting heavily the market is usually ripe for a correction. On the other hand, if they are doing relatively little shorting it is most likely that the market has hit bottom, especially if public- and odd-lot short sales increase at the same time. Our NYSE Member Trading Indicator shows exactly what the Wall Street pros are doing. We also use special moving averages to push the tops and bottoms forward an extra two weeks or so.