StockFetcher Forums · Filter Exchange · Dow 30 stocks -- overbought?<< >>Post Follow-up
glgene
534 posts
msg #98855
Ignore glgene
2/2/2011 12:24:15 AM

I read somewhere tonight that 81% of the Dow 30 stocks are over their 200-day simple moving average and, accordingly, that is one more sign that the stock market is overbought.

I wrote this 2-line script, and found that 27 stocks > 200 SMA. That equals 90%.

Either way, I'm curious if this Dow 30 measurement is really considered an overbought condition?

Fetcher[
dow 30
close is greater than ma(200)
]



novacane32000
273 posts
msg #98858
Ignore novacane32000
2/2/2011 5:41:19 AM

Technically,yes ,you could probably find an indicator that will tell you that based on historical price movement the DOW is overbought.

With that said I'm not fighting the trend which trumps all indicators.

glgene
534 posts
msg #98860
Ignore glgene
2/2/2011 6:58:37 AM

Lost 1 of the Dow 30 by 10:30 today. Now at 26 > 200 MA.

ricks_stocks
35 posts
msg #98861
Ignore ricks_stocks
2/2/2011 7:59:54 AM

The Dow Trucking Index is rolling over

http://blog.kimblechartingsolutions.com/2011/02/trucking-rollover/


jimvin
98 posts
msg #98868
Ignore jimvin
2/2/2011 4:45:48 PM

Short answer, "Yes" according to some techical analysts.

More comples answer; here's a link that offers a brief but detailed discussion:

http://www.thedowjonesclimax.com/

Un-asked question: Does it matter?

My response to the latter would be: It depends on your filter(s) and your trading style. Most of the filters I use are robust, so on the whole they return decent positive gains (3% to 5%) even when the market moves down. My trading style is buy on Monday at open and sell before Friday at 3:30, with a set 5% stop-loss. Longer-term traders and/or those using more sensitive filters may find that this technical indicator has more impact on their strategy.

glgene
534 posts
msg #98870
Ignore glgene
2/2/2011 7:40:24 PM

Jim,

It appears the web site you mentioned has gone asleep. ???

mystiq
650 posts
msg #98871
Ignore mystiq
modified
2/2/2011 11:58:44 PM

jimvin
msg #98868
- Ignore jimvin 2/2/2011 4:45:48 PM

Short answer, "Yes" according to some techical analysts.

More comples answer; here's a link that offers a brief but detailed discussion:

http://www.thedowjonesclimax.com/

Un-asked question: Does it matter?

My response to the latter would be: It depends on your filter(s) and your trading style. Most of the filters I use are robust, so on the whole they return decent positive gains (3% to 5%) even when the market moves down. My trading style is buy on Monday at open and sell before Friday at 3:30, with a set 5% stop-loss. Longer-term traders and/or those using more sensitive filters may find that this technical indicator has more impact on their strategy.
===
~went to site and started SF code for The Climax Indicator & the Net Field Indicator

*but cannot TOTAL the Climax Indicator(clx) or Net Field Indicator(nfi) as a column STAT...any suggestions are welcome (-.-)*

..also for SHORT INTEREST checkout www.nasdaq.com/quotes/short-interest.aspx

Fetcher[
set{ba, count(obv > obv 1 day ago high,1)}
set{bd, count(obv < obv 1 day ago low,1)}
set{clx, ba - bd}


set{rt, count(obv increasing for the last 3 days,1)}
set{ft, count(obv decreasing for the last 3 days,1)}
set{nfi, rt - ft}

set{ma200, count(price cross ma(200),1)}
set{ma200nr, count(price approaching ma(200),1)}
market is djia
add column clx
add column nfi
add column ma200
add column ma200nr

draw obv
draw ma(200)
]



data: 02/02/11 CLI->guage short-term technical strength-8 NFI->guage long-term technical strength+7

mystiq
650 posts
msg #98872
Ignore mystiq
2/3/2011 3:32:47 AM

?

jimvin
98 posts
msg #98888
Ignore jimvin
2/3/2011 3:23:18 PM

I've got no explanation for the slumbering we-site; I copied and pasted the link and it came up immedaitely...as of 1 minute ago. Give it another shot - .

StockFetcher Forums · Filter Exchange · Dow 30 stocks -- overbought?<< >>Post Follow-up

*** Disclaimer *** StockFetcher.com does not endorse or suggest any of the securities which are returned in any of the searches or filters. They are provided purely for informational and research purposes. StockFetcher.com does not recommend particular securities. StockFetcher.com, Vestyl Software, L.L.C. and involved content providers shall not be liable for any errors or delays in the content, or for any actions taken based on the content.


Copyright 2016 - Vestyl Software L.L.C.Terms of Service | License | Questions or comments? Contact Us
EOD Data sources: DDFPlus & CSI Data Quotes delayed during active market hours. Delay times are at least 15 mins for NASDAQ, 20 mins for NYSE and Amex. Delayed intraday data provided by DDFPlus