Highlights from the Nifty50StockList on the NYSI swing trade— $CVNA $RCEL $HOLO $SOUN — (6/22/2023)

THE SIMPLE TRADING STRATEGY

Short-term swing trading: When the NYMO turns up, it is time to buy stocks on the next open. When the NYMO turns down it is time to sell stocks on the next open.

Longer-term swing trading: When the NYSI turns up it is time to buy stocks on the next open. When the NYSI turns down, it is time to go to cash or to go short on the next open.

The NYMO and NYSI are both derived from the McClellan Oscillator. They are to my mind the best measures of stock market mass psychology, measuring the swings from fear to greed and back again, and the best indicators of market direction.

Most stocks move best with the market.

Simple as that.

06/22/2023 — End of the day…

With the NYSI sell signal today for tomorrow’s open, this is a look back at stocks during this fourteen trading-day swing trade.

The NYSI gave a buy on the open of June 2nd.

The late great Kennedy Gammage, keeper of the McClellan Oscillator flame during his time (see link above), used to say “buy when the market tells you, sell when the stock tells you.”

The NYSI tracks the broad NYSE market breadth and is the best, to my mind, indicator of market psychology, its direction from fear to greed and in time back again.