Stock Market Rebounds Stronger Than Before – Above the 40 (October 9, 2020)

Stock Market Statistics AT40 = 61.1% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 53.2% of stocks are trading above their respective 200DMAs VIX = 25.0 Short-term Trading Call: cautiously bullish Stock Market Commentary Without recognizing the bullish divergence that ended the previous week, last week’s trading dynamic of a … Read more

A Tech Stock Breakdown While Rest of Market Yawns – Above the 40 (September 18, 2020)

Stock Market Statistics AT40 = 43.5% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 44.9% of stocks are trading above their respective 200DMAsVIX = 25.8Short-term Trading Call: cautiously bearish Stock Market Commentary Tech stocks led the way up, and now they are leading the way down. The top 1% of the … Read more

An Overbought Stock Market Celebrates New Fed Inflation Policy – Above the 40 (August 28, 2020)

AT40 (T2108) is back to overbought (above 70%).

Stock Market Statistics AT40 = 71.2% of stocks are trading above their respective 40-day moving averages (DMAs) (ended 7 overbought trading days)AT200 = 46.5% of stocks are trading above their respective 200DMAs VIX = 23.0Short-term Trading Call: cautiously bearish Stock Market Commentary Last week was not a good time to be sitting on the sidelines … Read more

ShotSpotter Gets Back to Business With Solid Earnings Results

Gun-fire detection company ShotSpotter (SSTI) is lagging the recovery in the general stock market. Even with a 28.3% post-earnings surge on Friday, the stock still trades below its April high. Yet, those earnings suggest that ShotSpotter is on track and successfully navigating its business through the COVID-19 pandemic. Earnings Results ShotSpotter has a lumpy business … Read more

A Stock Market On Edge – Above the 40 (June 26, 2020)

Stock Market Statistics AT40 = 40.1% of stocks are trading above their respective 40-day moving averages (DMAs) (2-month low)AT200 = 20.1% of stocks are trading above their respective 200DMAs VIX = 34.7Short-term Trading Call: neutral Stock Market Commentary After a one-day respite, the damage in the stock market continued. This time, the damage was more … Read more

Stock Market Bears Finally Draw A Line In the Sand – Above the 40 (May 12, 2020)

AT40 (T2108) sell through the overbought threshold for the second time in a week.

Stock Market Statistics AT40 = 64.9% of stocks are trading above their respective 40-day moving averages (DMAs) (ending 3-day overbought period)AT200 = 15.4% of stocks are trading above their respective 200DMAsVIX = 33.0Short-term Trading Call: neutral Stock Market Commentary Winners and losers are still becoming ever more distinct in the stock market, but today stock … Read more

Stock Market Rebounds Deeply Into Overbought Trading Conditions – Above the 40 (May 8, 2020)

Stock Market Statistics AT40 = 82.3% of stocks are trading above their respective 40-day moving averages (DMAs) (overbought day #2)AT200 = 16.5% of stocks are trading above their respective 200DMAsVIX = 28.0Short-term Trading Call: neutral Stock Market Commentary Winners and losers are becoming more and more distinct in the stock market. While skeptics and bears … Read more

The 401K Stock Market Holds Support At the August Extreme – Above the 40 (August 16, 2019)

AT40 = 33.1% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 43.1% of stocks are trading above their respective 200DMAs (2-month low)VIX = 18.5Short-term Trading Call: cautiously bullish (from neutral) Stock Market Commentary The extreme of August held as support…just barely. Sneaky Resilience The S&P 500 (SPY) gapped up 1.4% … Read more

A Manic Stock Market Leaves Behind An Extreme August Drawdown – Above the 40 (August 9, 2019)

Much ado about nothing? The 15-minute chart of the S&P 500 (SPY) shows the gory details of a manic swoon to a near flat close for the week.

AT40 = 37.3% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 46.5% of stocks are trading above their respective 200DMAs VIX = 18.0Short-term Trading Call: neutral (caveats below!) Stock Market Commentary The S&P 500 (SPY) ended the week almost where it started. In between the bookends, the market gyrated wildly … Read more

Above the 40 (May 9, 2019) – A Coordinated Yet Precarious Stock Market Dance Around Key Trendlines

AT40 = 45.6% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 48.5% of stocks are trading above their respective 200DMAsVIX = 19.1Short-term Trading Call: neutral Stock Market Commentary President Trump carried through on his threat to increase tariffs on China while at the same time tantalizing markets with fresh hope over … Read more