A Stock Market Cooling – Above the 40 (October 16, 2020)

Stock Market Statistics AT40 = 56.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 53.1% of stocks are trading above their respective 200DMAs VIX = 27.4 Short-term Trading Call: cautiously bullish Stock Market Commentary The stock market made a bullish move last week as financials broke out, but I noted … Read more

Stock Bulls Add A Piece of the Puzzle, Challenges Remain

Stock Market Commentary In my last post, I concluded that the stock market rebound made the market look “stronger than before.” Today’s big rally went beyond the call of duty. The S&P 500 (SPY) and NASDAQ (COMPQX) showed off their increased strength by closing well above their respective upper Bollinger Bands (BBs). While its gain … Read more

Stock Market Gap-Downs Send Traders Back to High Tech Playbook – Above the 40 (September 21, 2020)

Stock Market Statistics AT40 = 28.7% of stocks are trading above their respective 40-day moving averages (DMAs). (traded as low as 24.8%)AT200 = 40.0% of stocks are trading above their respective 200DMAsVIX = 27.8 (traded as high as 31.1)Short-term Trading Call: neutral (changed from cautiously bearish) Stock Market Commentary For a brief moment the entire … Read more

A Two-Speed Stock Market Downshifts Into A Bearish Divergence – Above the 40 (July 10, 2020)

Stock Market Statistics AT40 = 43.8% of stocks are trading above their respective 40-day moving averages (DMAs) (hit a 2 1/2 – month low the previous day at 34.9%)AT200 = 26.0% of stocks are trading above their respective 200DMAs VIX = 27.3Short-term Trading Call: neutral Stock Market Commentary A strange and two-speed market got even … Read more

A Two-Speed Stock Market Remains on Edge – Above the 40 (July 2, 2020)

Stock Market Statistics AT40 = 53.9% of stocks are trading above their respective 40-day moving averages (DMAs) (2-month low)AT200 = 25.6% of stocks are trading above their respective 200DMAs VIX = 34.7Short-term Trading Call: neutral Stock Market Commentary The damage in the stock market the previous week looked strong enough to eventually take trading conditions … Read more

A Trampling at the Frontlines of the Stock Market – Above the 40 (June 24, 2020)

Stock Market Statistics AT40 = 47.9% of stocks are trading above their respective 40-day moving averages (DMAs) (2-month low)AT200 = 21.5% of stocks are trading above their respective 200DMAs VIX = 33.8Short-term Trading Call: neutral Stock Market Commentary The damage in the stock market is only visible upon close examination. The top technicals for the … Read more

Support for Another Round of Overbought Conditions in the Stock Market – Above the 40 (June 13, 2020)

Stock Market Statistics AT40 = 74.1% of stocks are trading above their respective 40-day moving averages (DMAs) (first overbought day, 17 of last 19 trading days overbought)AT200 = 22.6% of stocks are trading above their respective 200DMAs VIX = 36.1 (down 11.5%)Short-term Trading Call: cautiously bullish Stock Market Commentary In the last Above the 40 … Read more

Warning Signs, Promising Signs in the Stock Market – Above the 40 (June 11, 2020)

Stock Market Statistics AT40 = 69.2% of stocks are trading above their respective 40-day moving averages (DMAs) (ending 16 days overbought)AT200 = 20.5% of stocks are trading above their respective 200DMAs VIX = 40.8 (up 48.0%)Short-term Trading Call: cautiously bullish Stock Market Commentary It was fun while it lasted. The Federal Reserve delivered its latest … Read more

Panic Buying, Catch-Up Trades Further Extend Overbought Stock Market – Above the 40 (June 5, 2020)

Stock Market Statistics AT40 = 90.5% of stocks are trading above their respective 40-day moving averages (DMAs) (overbought 13 of last 14 trading days)AT200 = 37.4% of stocks are trading above their respective 200DMAs (highest since February 26, 2020)VIX = 24.5Short-term Trading Call: cautiously bullish Stock Market Commentary The on-going recovery in the stock market … 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