Above the 40 (March 3, 2017) – The S&P 500 Marches Confidently Toward the Next Rate Hike

AT40 = 57.7% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 67.0% of stocks are trading above their respective 200DMAs VIX = 11.0 (volatility index) Short-term Trading Call: neutral Commentary So March it is then! In reaction to U.S. Federal Reserve Chair Janet Yellen’s speech at The Executives’ Club of … Read more

Above the 40 (March 2, 2017) – An S&P 500 Attitude Adjustment and A SNAP Judgement

AT40 = 58.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 68.0% of stocks are trading above their respective 200DMAs VIX = 11.8 (volatility index) Short-term Trading Call: neutral Commentary And this is why I appreciate hedging…and using Caterpillar (CAT) as my most common hedge was particularly fortuitous today. On … Read more

Above the 40 (February 15, 2017) – The S&P 500 Keeps Stretching Toward Overbought Status

AT40 Status: 67.3% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 Status: 70.8% of stocks are trading above their respective 200DMAs VIX Status: 12.0 (volatility index) Short-term Trading Call: neutral Commentary The S&P 500 (SPY) printed a positive gain for the 7th straight trading day and the 10th of the last … Read more

Above the 40 (February 13, 2017) – S&P 500 Follow-Through Finally Ends Bearish Divergence

AT40 Status: 66.4% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 Status: 69.9% of stocks are trading above their respective 200DMAs VIX Status: 11.1 (volatility index) Short-term Trading Call: neutral Commentary For the first time since December, the S&P 500 (SPY) has displayed strong follow-through to a break out to fresh … Read more

Above the 40 (February 8, 2017) – The S&P 500 Slumbers Between Bullish Fund Flows and Bearish Divergence

AT40 Status: 53.1% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 Status: 66.8% of stocks are trading above their respective 200DMAs VIX Status: 11.5 (volatility index) Short-term Trading Call: neutral Commentary As is so typical of this go-stop-stop stock market, this week started without immediate follow-through to a fresh all-time high … Read more