How to Use the McClellan Oscillator

The McClellan Oscillator and McClellan Summation Index can be an ideal way to measure the underlying strength of market trends by gauging participation. How well are individual stocks following the trend of the S&P 500? Today we'll break down this technical indicator and identify buy and sell signals over the last 12 months!
Here's an article describing the McClellan Oscillator: school.stockcharts.com/doku.p...
* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *
Take my FREE course "The Five Modes of Mindful Investors" here: www.marketmisbehavior.com/fre...
Read my blog: www.marketmisbehavior.com/blog
Follow me on Twitter: / dkellercmt
Dave helps active investors and financial advisors make more informed investment decisions, inject more discipline into their investment process, and enrich relationships with their clients. Feel better about making better decisions!
Dave is the Chief Market Strategist at StockCharts.com, where he helps investors minimize behavioral biases through technical analysis. He is a frequent host on StockCharts TV, and he relates mindfulness techniques to investor decision making in his blog, The Mindful Investor.
He's also President and Chief Strategist at Sierra Alpha Research LLC, a boutique investment research and consulting firm focused on managing risk through market awareness. He combines the strengths of technical analysis, behavioral finance, and data visualization to identify investment opportunities and enrich relationships between advisors and clients.
Dave was previously a Managing Director of Research for Fidelity Investments in Boston, a Past President of the Chartered Market Technician (CMT) Association, and started in the financial industry just after the March 2000 market top at Bloomberg in New York.
✔ W E B S I T E
www.marketmisbehavior.com/
✔ T W I T T E R
/ dkellercmt
✔ L I N K E D I N
/ dckeller
✔ F A C E B O O K
/ marketmisbehavior
The content in this presentation should not be considered as a recommendation to buy or sell any security. All information is intended for educational purposes only and in no way should be considered as investment advice. For full disclaimer please see our website: www.marketmisbehavior.com/dis...
#MarketMisbehavior

[@FrozenDoberman]

The Market Misbehavior YT channel is a welcome preferred lower key version of StockCharts. No showboaty David Letterman musical intro is another welcome improvement.

[@DKellerCMT]

Glad you appreciate my video design aesthetic! D

[@sdcaeastcountyfamily]

Great video. Thank you. Great channel!

[@DKellerCMT]

Cheers and thanks so much for watching!!

[@yaronsalama6995]

Excellent explanation, thank you!

[@DKellerCMT]

Thanks so much! D

[@niksin7738]

Thank you for the great explanation!

[@DKellerCMT]

Glad it was helpful! D

[@davidzemke2549]

Thank you for all your work.

[@DKellerCMT]

Appreciate the watch and the kind words! D

[@MarcChaikin-cg6fi]

David...Pointing out that the McClellan Summation Index went above 1000 last week...that has confirmed every bear market low since 1960...subsequent drawdowns were minimal...in the 3% area

[@DKellerCMT]

Yep- you're basically describing a "breadth thrust" which is very much what we've seen off the October lows. D

[@zackszigeti3713]

I subscribed. Thank you for sharing a wealth of information that can help people enrich their lives.

[@DKellerCMT]

Thanks for watching and for the very kind words! D

[@bernieparrish1482]

Thank you very much.

[@DKellerCMT]

Thanks for watching! D

[@mrkttrdr2919]

Great commentary, I luv the Mac osc and summation, one of the best timing tools for swing trading of a few months, hope ur feeling well, must be chilly there🥶

[@DKellerCMT]

We are back to temps in the 40s and random rain which is just fine for me! D

[@mikem7976]

I really like your explanation of these indicators and how they are related, Dave. Next 10% is down for the market.

[@DKellerCMT]

Market appears to be firing on all cylinders and not even Powell's borderline hawkish comments can stop it! :) D

[@dedwardmalick]

Great video Dave. I like the hat. Looks like you are getting ready for northeast Ohio. You will need it. It's a cold one today. All the best.

[@DKellerCMT]

Thanks so much! Just got back from a long weekend in Cleveland and it was COLD. I wore that hat pretty much 24 hours a day. :) Good to be back. D

[@ridethecurve55]

David, you look COLD, as opposed to certain market sectors that are HOT! That said, I'm liking these short-ish videos that explain popular indicators. I'm forwarding this one to a newbie trading friend who's hungry for more technical trading knowledge.Please keep these gems coming, Sir!

[@DKellerCMT]

Thanks for the feedback will keep them coming! D

[@rahulchahal3824]

Thanks

[@DKellerCMT]

So glad you enjoyed it! D

[@njjjjjjjjhhhs]

👍

[@DKellerCMT]

Thanks for watching! D

[@1309gsk]

gt analyses/ my best

[@DKellerCMT]

So glad you enjoyed this one!! D

[@karahaliloglu]

It doesnt seem same in trading view?

[@DKellerCMT]

Can't speak to how it's handled on TradingView- I know on StockCharts we use a ratio-adjusted indicator so could cause some differences? D

[@WealthandWisdom]

Market is way overbought, next leg is lower. Everyone on CNBC is gaga, but all are ignoring the impact of ODTE, which is given a false signal. Thursday we had 40 million in call options traded, most I history. Normally we say roughly in 25-30 in both putt/call options. Eventually they will be flushed out or go the othre way as the did Friday

[@DKellerCMT]

I would agree on the general gaga-ness of most on financial TV at the moment! D

[@solhu4047]

Why does he keep talkin about his breath? If its a problem, just brush your teeth. I came here to learn about the Stock Market. Instead I got an off topic video.

[@zackszigeti3713]

haha

[@DKellerCMT]

Will keep flossing... but sometimes you just have bad breadth! D

[@David_USC]

​@@DKellerCMT😂😂