Fallond Stock Picks: McClellan Oscillator

Subscribe to my FREE ETF Mechanical Trading Strategy

It has been a while since I offered my stock pick newsletter, but I have now gone one better with my latest mechanical Trading System

41% Return Since November 2007

47% Win Percentage (Nov 07)

Max drawdown of 9% (Nov 07)

Blend of Ultra Long & Short Index ETFs

Trade Signals delivered by Email (EoD)

Free registration to Zignals required

$0.00 per month

You will find this strategy in the Top 20 Trading Strategies Leaderboard in the Zignals Dashboard

The strategy is called "ETF Heaven - Medium" and was created by user "Z_Strategy"

Other strategies can be found by searching for component stocks in our MarketPlace or by searching for a user; 'Z_Strategy' or 'fallond'

I'll be posting new of other strategies for other markets as they become available. In particular, FX, Commodities, European and Indian Trading Systems

Design your own Trading Systems and earn real money and reputation!

FREE Stock Alerts

Zignals Stock Alerts offer price, volume and fundamental alerts. Fundamental alerts include analyst projections, upgrades and downgrades delivered to your email address or SMS phone

New tag and note features allow you to manage large number of alerts and send a personalised message as part of the alert trigger

Alerts also support the new Fundamental System created stocklists. Now you can combine a dynamic stock list created by the fundamental stock screener with a price and/or volume stock alert; for example - find when a dividend yielding stock of 5% or more has a bullish cross of a 50-day and 200-day MA.

FREE Stock Screener

Create your own stock screen for US, Canadian (soon), UK, India, NYSE Euronext, Frankfurt, Dublin or Australian stocks.

Activate your stock screen by creating a Fundamental System. Fundamental Systems are a fund type which notify you at the end of each day of the changes in the stocks meeting the criteria of your scan.

The dynamic stock lists created by the Fundamental System can be used as the basis of your stock alerts

FREE Portfolio Manager

Zignals offers the only multi-currency portfolio manager on the web with Euro, Dollar and Sterling Support.

Get detailed analytics on the performance of your portfolio, including FX impacts to position profit and loss, and use it as a basis to improve your trading

Supports Forex, energy and precious metal commodity based portfolios too.

FREE Trading Strategy Builder

Powerful new Trading System builder with rich technical tools. Create your own trading system around any one of our global stock exchanges, forex data, or energy and precious metal commodities.

To receive the trade signals, publish it to our marketplace and in addition you will have the potential to earn money from subscribers.

Extensive backtest, risk management and exit strategy tools built-in.

Wednesday, February 06, 2008

McClellan Oscillator

I was trying to remember which blogger had talked about the McClellan Oscillator but couldn't find the reference post (Sorry!). This is an indicator which I had overlooked in the past, but is another useful tool (if a little whipsawy). The crossover in the zero line gives an indication of bullish/bearish strength in the market - although given the whipsaw one should perhaps wait for confirmation on a move past +/-10.

After Tuesday's selling both the Nasdaq and NYSE Oscillators are (holding) bullish - but another day of selling might change that.

Of the market internals I do follow, the Percentage of Stocks Above the 50-day MA started to crack (it is usually the first to do so). However, the bullish divergence in its MACD holds with an overall technical picture which is net bullish. The other market internals; Bullish Percents and McClellan Summation indices, still support the January bottom.

The S&P is doing its best to map out what I thought would happen over the coming weeks. This is the easy part - what happens once it gets to January lows is more tricky and much will depend on the state of market internals (such as the ones discussed above) when it gets there.