STIX Indicator Update

An indicator that is not in most platforms is STIX

Definition of STIX

By Investopedia
A short-term trading oscillator that compares the amount of volume flowing into advancing and declining stocks. The STIX oscillates around the 50 level, with values over 50 generated when advancers outnumber decliners, and values less than 50 resulting when advancers are less than decliners. The trading range for the STIX is generally between 42 and 58, with levels below 42 indicating extremely oversold conditions, and levels above 58 denoting extremely overbought conditions.

Rules:
1- If STIX gets as low as 45, the market is almost always a buy, except in a raging bear market.
2- The market is fairly overbought if STIX rises to 56; and except in a new bull market , it's wise to sell if STIX should go over 58.
NOTE - Low of 28 & High of  69 were both made in 1932.

At the close yesterday the STIX was 58.7 at 199.00 in the SPY

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This has been posted for Educational Purposes Only.   Do your own work and consult with Professionals before making any investment decisions.  
Past performance is not indicative of future results