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

An Overbought Stock Market Stretching Past A Hurting Country – Above the 40 (May 29, 2020)

Stock Market Statistics AT40 = 82.9% of stocks are trading above their respective 40-day moving averages (DMAs) (overbought 4 of last 5 trading days)AT200 = 25.4% of stocks are trading above their respective 200DMAsVIX = 27.5Short-term Trading Call: cautiously bullish (changed from neutral) Stock Market Commentary It feels surreal to write about the latest machinations … Read more

Overbought Holding Pattern for the Stock Market – Above the 40 (May 22, 2020)

Stock Market Statistics AT40 = 73.1% of stocks are trading above their respective 40-day moving averages (DMAs) (overbought 4 of last 5 trading days)AT200 = 20.0% of stocks are trading above their respective 200DMAsVIX = 28.2Short-term Trading Call: neutral Stock Market Commentary The stock market had a promising start with a large gap up to … Read more

Stock Market Breaks Out to Overbought Territory Yet Again – Above the 40 (May 18, 2020)

Stock Market Statistics AT40 = 75.0% of stocks are trading above their respective 40-day moving averages (DMAs) (first oversold day)AT200 = 18.4% of stocks are trading above their respective 200DMAsVIX = 29.3Short-term Trading Call: neutral Stock Market Commentary Buyers followed through on the building momentum from the previous two trading days which drew a line … Read more

Stock Market Buyers Counter Sellers With Their Own Line in the Sand – Above the 40 (May 15, 2020)

Stock Market Statistics AT40 = 56.6% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 14.5% of stocks are trading above their respective 200DMAsVIX = 31.9Short-term Trading Call: neutral Stock Market Commentary The week began with sellers finally drawing a line in the sand. The week ended with a counter from … 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

Overbought Trading Conditions Come to A Swift and Ominous End – Above the 40 (May 1, 2020)

Stock Market Statistics AT40 = 68.6% of stocks are trading above their respective 40-day moving averages (DMAs) (ending 2 days overbought)AT200 = 12.2% of stocks are trading above their respective 200DMAsVIX = 37.2Short-term Trading Call: neutral Stock Market Commentary The Federal Reserve’s last statement on monetary policy may go down as the short-term peak in … Read more

Stock Market Launches Deeply Into Overbought Trading Conditions – Above the 40 (April 29, 2020)

AT40 (T2108) soared to 82.6% and started overbought conditions at extreme levels.

Stock Market Statistics AT40 = 82.6% of stocks are trading above their respective 40-day moving averages (DMAs) (first oversold day)AT200 = 17.7% of stocks are trading above their respective 200DMAsVIX = 31.2Short-term Trading Call: neutral Stock Market Commentary On Tuesday, AT40 (T2108), the percentage of stocks trading above their respective 40-day moving averages (DMAs), rallied … Read more

Stock Market Churn Continues As Volatility Resumes Its Decline – Above the 40 (April 24, 2020)

Stock Market Statistics AT40 = 45.0% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 12.4% of stocks are trading above their respective 200DMAsVIX = 35.9Short-term Trading Call: cautiously bullish Stock Market Commentary Last week started on an ominous note with more historic plunges in oil prices. The stock market managed … Read more