The NYSE McClellan Oscillator (aka NYMO) is at its most oversold level since last November (in the correction just prior to the election). With data going back to 1998, the current level (-77.73) is more oversold than 98% of other days. Historically, such extreme oversold levels have been followed by above-average returns over the next … Continue reading What Happens When the McClellan Oscillator Is Oversold?
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