#NYSI highlights from the #Nifty50StockList — $PTON(6/9/2023)

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.

06/09/2023 — -During the day…

The NYSI triggered a market breadth buy on the open of June 2nd.

Since then, six trading days ago, PTON, the number-six stock on my Nifty50StockList, is up more than 22 percent.

Let me repeat that — up 22% so far in 6 trading days.

In addition the stock is up 78% year-to-date on the NYSI swing signals.

That is some fast pedaling.

(The white flag on the chart’s right axis displays the dollars gained on the current trade so far for each $10K traded. The green flag on the chart’s lower left axis shows the gains booked on previous trades for the year. Click on the chart for a larger view.)