Tom McClellan

Not yet. This is just one day. But Tuesday's value for the 18% Trend of A/(A+D) was 0.335, which is indeed below the 0.40 threshold for starting a Zweig Breadth Thrust.

big sessy @primary3down

@McClellanOsc Did we get a breadth thrust?

Preliminary WSJ breadth numbers show that 174 NYSE issues and 695 Nasdaq issues closed lower on Wednesday. Imagine you are CEO of one of those companies, and trying to explain to your board how your stock was not up TODAY.

Linda Raschke @LindaRaschke

40 out of top 40 NYSE shares and 40 out of top 40 naz SHARES GREEN

If the VIX Index closes here at 34.18, down from Tuesday's 52.33, it will be the largest 1-day percentage drop in the history of the VIX, eclipsing the 29.6% drop on May 10, 2010, associated with the resolution of the Flash Crash. https://t.co/nDElTsOogA

Did you try 1929 as a precedent? Here is that comparison. One big problem is that there were 6 trading days per week then, so doing a comparison of trading day plots means that the total time duration is not quite the same. https://t.co/hqsYGWN5tP

SentimenTrader @sentimentrader

Stocks have taken such a tumble that it's tough to find precedents.  For the most critical equity index in the world, the pattern of its decline since the peak has some highly correlated precedents. In terms of behavior and magnitude, the closest are 1998 (which was nearly https://t.co/5Blpc1dfVi

That's going to put downward pressure on log prices, interfering with a nicely organized ~45-month cycle that is in the upward phase now. https://t.co/pIbpX815d2

Owen Gregorian @OwenGregorian

Trump Raises Logging Quota 25% to Harvest Timber, Prevent Fires | Joel B. Pollak, Breitbart News The Trump administration has raised logging quotas 25% in America’s national forests as part of a bid to increase timber production in the face of tariffs — and to prevent fires by https://t.co/mz5RCuwuFa

I've got this one to trump that book. ©1964. https://t.co/A5hefL8u3H

Jim Bianco @biancoresearch

Don't look now but Kevin Hassett's book is relevant again! https://t.co/YosnX14f5B

This has been debunked.

Edward Lawrence @EdwardLawrence

White House Press Secretary says 104% additional tariffs went into effect at noon eastern time because China has not removed it's retaliation. The 104% additional tariff will be collected starting tomorrow April 9th. #trade #Tariffs #POTUS #china

RT @WAPolicyGreen: "Hmmm...we are already taxing death. What else could we tax?" "Love?" "Genius!" #waleg

RT @BobPisani: Who decided that a 20% decline in stocks should be called a "bear market"? And who decided a drop of 10% was a "correction…

The McClellan Volume Oscillator is calculated the same way a the McClellan A-D Oscillator, but using Up-Down Volume. The current reading for the Volume Oscillator is "officially way the heck down there". Officially. https://t.co/OcQ3Ct9MeY

Reminiscent of another time. https://t.co/zuOWMMlyEs

Walter Deemer @WalterDeemer

Here's today's NYSE New High list: Local Bounti Corporation That's it. The entire list. And the stock closed down 26%.

If "soothing" is what you have come to the financial markets to look for, you are sadly misguided.

Steven Webb @stevenwwebb1

@McClellanOsc Panic, correction, recession, depression, probably time for another more soothing term.

The mandate to pick the absolute top is only relevant if one is obsessed with capturing the entirety of a trend, which is a misguided obsession, and functionally impossible to do. It is also close to impossible to know in the moment that you are standing on the final all-time

Peter Brandt @PeterLBrandt

@McClellanOsc Tom, very true, but does present a bit of a dilemma. The entirety of trading a bear market then mandates picking the absolute top. Thoughts?

Pairs well with this. https://t.co/bB89z7wZKJ

Meb Faber @MebFaber

Funny, via @LeutholdGroup https://t.co/U0MguzNkLP

You are soon going to hear talking heads debate whether the US is headed for a depression, or just a recession. These people do not understand that a recession is a component of a depression. You cannot have one without the other. https://t.co/jwPesLfFAZ

The US was heading for a depression anyway. The yield curve is undefeated on this point. The only question is whether policy actions magnify or dampen that effect. And THAT is a legitimate point for debate. https://t.co/ySVOhactqr

Maria Bartiromo @MariaBartiromo

CEO warns 'Navarro nuclear approach to tariffs' is going to land US 'squarely in a recession' | https://t.co/zChqsOpDjX @MorningsMaria @FoxBusiness

Cutting rates now would undo a Fed-induced distortion, which causes damage whenever they have done it. They have their foot on the brakes now. Waiting and cutting later means continued damage every day that this spread to the 2y exists.

MarketsMuse @MarketsMuse

Simple question Tom. @McClellanOsc WHAT WOULD CUTTING INTEREST RATES ACCOMPLISH?? Stoke Inflation?? Oh, it will lower cost of US Treasury borrowing. I get it. Inflation goes up, borrowing cost goes down a few BPS.. Great plan.