NDX100: Where's the 'follow through'?

NDX100 Daily Chart: Close @ 01/30/12

The 'old college' try was attempted early on to get it lower, by the close the 100 finished in marginal positive territory.
The McClellan registered a 'solid' negative @ -23.29, belying the virtual unchanged for the NASDAQ Indices.
Patience; let's see what tomorrow brings.

NASDAQ100 - McClellan 'finally' kicking in?

Note the higher prices for the NDX100 are NOT matched by a consistent higher reading for the McClellan Oscillator (Lower Chart).
The Oscillator is a measure of the 'internal' strength of the index.

Virtually no change now for the McClellan. Friday's market action becomes interesting,as a negative close and potentially a 'flat' week for the NDX100 sets up for the correction so many have been calling for.

New highs for the NDX100, 'very accommodative'

NDX100 Daily Chart: Close 01/25/12

An accommodative FED thru late 2014,....what's not to like?
Again, the McClellan only posts a 'minor' 8pt gain even as the 100 puts on a lazy 1.30%.
How long this disconnect can be maintained is a function of the FED 'talking the talk', whilst the markets 'walk the walk'?

NDX100: Another day, another small range....

NDX100 Daily Chart: Close 01/24/12

McClellan gives another 'large move' signal as another small range day is witnessed.
Highs from Friday remain in place, but what with Apple's 'blow-out' #'s after the bell, we'll soon see if the chart pattern holds and the McClellan's warnings were/ are pertinent.

NDX100 Daily: Finally a 'sign' of a high?

NDX100 Daily: 01/23/12

An 'Indecisive' Candle pattern together with a McClellan reading that is quite negative (-13.58) for an 'unchanged' daily close...well the %'s dictate that a corrective move lower is now 'scheduled'. Let's see.