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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 7, 2018) – Right Back Where the Stock Market Started, But Worse

AT40 = 25.5% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 23.4% of stocks are trading above their respective 200DMAs (just off a 32-month low)VIX = 23.2 (as high as 24.7)Short-term Trading Call: cautiously bullish CommentaryI am surprised the stock market has yet to close in oversold conditions. AT40 (T2108), the … 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

Above the 40 (November 20, 2018) – Not Yet Oversold But Stock Market Makes An Important Low

AT40 = 23.4% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 24.7% of stocks are trading above their respective 200DMAs (new 32-month low) VIX = 22.5 Short-term Trading Call: neutral Commentary The technical damage continues in the stock market. Amid all the carnage and massive gap downs, I am surprised … Read more

Above the 40 (November 7, 2018) – Exclamation Points for the End of Oversold Trading Conditions

AT40 = 40.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 37.4% of stocks are trading above their respective 200DMAs VIX = 16.4 Short-term Trading Call: bullish Commentary Financial markets made their votes very clear after the U.S. 2018 midterm election. via GIPHY Apparently, today’s rally in the S&P 500 … Read more

Above the 40 (October 29, 2018) – The Extended Oversold Period Finally Delivers A Bullish Divergence

AT40 = 11.9% of stocks are trading above their respective 40-day moving averages (DMAs) – (as high as 15.6%) 9th day of oversold period following 4-day oversold period AT200 = 25.4% of stocks are trading above their respective 200DMAs (as high as 29.3%) VIX = 24.7 (as high as 27.9) Short-term Trading Call: bullish Commentary … Read more

Above the 40 (October 24, 2018) – The Second Derivative Is Here for the Stock Market (New Oversold Extremes)

AT40 = 11.0% of stocks are trading above their respective 40-day moving averages (DMAs) – 6th day of oversold period following 4-day oversold period (as low as 10.6%) AT200 = 25.5% of stocks are trading above their respective 200DMAs (as low as 26.7%) VIX = 25.2 Short-term Trading Call: bullish Commentary Time to take a … Read more

Above the 40 (July 27, 2018) – Stock Market Weaknesses Confirm Earlier Bearish Divergence

AT40 = 49.3% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 53.7% of stocks are trading above their respective 200DMAs VIX = 13.0 Short-term Trading Call: neutral Commentary The S&P 500 (SPY) managed to gain on the week, but it was not easy. Each day of the week delivered new … Read more

Above the 40 (June 15, 2018) – A News-Packed Week Hands Victory to Stock Market Bulls and Bears

AT40 = 64.0% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 54.8% of stocks are trading above their respective 200DMAs (a 4-month high) VIX = 12.0 Short-term Trading Call: bearish Commentary Once again, a tried and true bearish signal delivered. However this success came with a tremendous caveat: a simultaneously … Read more

Above the 40 (June 8, 2018) – A Promising Stock Rally Comes Up Short of Important Threshold

AT40 = 69.6% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 57.1% of stocks are trading above their respective 200DMAs (a 4-month high) VIX = 12.2 Short-term Trading Call: neutral (“almost bullish”) Commentary Friday started out in bearish fashion. Apple (AAPL) took a broadside from yet another one of those … Read more