Above the 40 (November 1, 2018) – An Extended Oversold Period Ends with Important Footnotes

AT40 = 21.4% of stocks are trading above their respective 40-day moving averages (DMAs) – ends an 11-day oversold period that followed a 4-day oversold period AT200 = 32.0% of stocks are trading above their respective 200DMAs VIX = 19.3 Short-term Trading Call: bullish Commentary AT40 (T2108), the percentage of stocks trading above their respective … Read more

Above the 40 (October 31, 2018) – Small Bearish Divergence Extends Oversold Period Despite Rallies

AT40 = 16.1% of stocks are trading above their respective 40-day moving averages (DMAs) (as high as 19.95%) – 11th day of oversold period following 4-day oversold period AT200 = 29.6% of stocks are trading above their respective 200DMAs VIX = 21.2 Short-term Trading Call: bullish Commentary The push out of oversold conditions did not … Read more

Above the 40 (October 30, 2018) – A Bullish Divergence Transforms to A Near End to Oversold Conditions

AT40 = 17.3% of stocks are trading above their respective 40-day moving averages (DMAs) – 10th day of oversold period following 4-day oversold period AT200 = 29.5% of stocks are trading above their respective 200DMAs VIX = 23.4 Short-term Trading Call: bullish Commentary The small bullish divergence to start the week received follow-through in the … Read more

Above the 40 (October 26, 2018) – Yo-Yo Trading Action Takes the S&P 500 Closer to Declining 200DMA Signal

AT40 = 9.7% of stocks are trading above their respective 40-day moving averages (DMAs) – (as low as 7.6%) 8th day of oversold period following 4-day oversold period AT200 = 25.2% of stocks are trading above their respective 200DMAs (as low as 22.5%) VIX = 24.2 (as high as 27.5) Short-term Trading Call: bullish Commentary … Read more

Above the 40 (October 25, 2018) – Breadth Responds Poorly to Latest 1-Day Oversold Rally

{editing note 10/28/18 – this is a restored version of this post after I accidentally over-wrote it in preparing for the next edition of Above the 40} AT40 = 12.3% of stocks are trading above their respective 40-day moving averages (DMAs) – 7th day of oversold period following 4-day oversold period (as low as 10.3%) … Read more