Trading Range

Above the 40 (December 14, 2018) – A Bear-Burdened Stock Market Dropped to Oversold and Passed A Trade-Positive Tweet

AT40 = 19.7% of stocks are trading above their respective 40-day moving averages (DMAs) (1st day oversold)AT200 = 20.7% of stocks are trading above their respective 200DMAs (34-month low)VIX = 21.6Short-term Trading Call: cautiously bullish CommentaryThe stock market is oversold again as a bearish divergence to start the week came to its “logical conclusion.” AT40 (T2108), … Read more

Above the 40 (December 6, 2018) – Arresting Developments At Another Oversold Edge

AT40 = 31.5% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 25.5% of stocks are trading above their respective 200DMAs (just off a 32-month low)VIX = 21.2 (as high as 25.9)Short-term Trading Call: cautiously bullish CommentaryI have become convinced that 2019 is going to deliver another one of those poor trading … Read more

Above the 40 (November 30, 2018) – Market Sentiment Quickly Transforms: Enter the “Cramer Bottom”

AT40 = 44.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 30.3% of stocks are trading above their respective 200DMAs (just above a 32-month low) VIX = 18.1 Short-term Trading Call: neutral Commentary Last week was a week where the stock market seemed to force its way into the endzone … Read more

Housing Moves: Zillow, KB Home, and LGI Homes Put On A Show

Housing-related stocks continue to show signs of a return of buying interest. I keep tabs on these “housing moves” as checks on the health of the sector. These moves are of particular interest now that investors are actively worrying about a housing slowdown just as the stocks of home builders launch into their seasonally strong … Read more

Above the 40 (November 23, 2018) – Stock Market Barely Avoids Oversold Conditions

AT40 = 27.6% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 25.6% of stocks are trading above their respective 200DMAs (just above a 32-month low) VIX = 21.5 Short-term Trading Call: neutral Commentary Last week on November 20th, AT40 (T2108), the percentage of stocks trading above their respective 40-day moving … Read more