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

Above the 40 (July 20, 2018) – Bored With Economic Wars: The S&P 500 Meanders Through Minefields

AT40 = 57.6% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = N/A% of stocks are trading above their respective 200DMAs VIX = 12.9 Short-term Trading Call: neutral Commentary I remain fascinated by the S&P 500’s increasing resilience to worsening macro-economic headlines. The apparent boredom with the headlines about trade wars, … 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

Above the 40 (May 30, 2018) – A Manic Stock Market Instantly Forgets Its Italian Angst

AT40 = 66.9% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 54.3% of stocks are trading above their respective 200DMAs (a near 4-month high) VIX = 14.9 Short-term Trading Call: neutral Commentary Oh the hazards of changing short-term trading calls in this churning market! Reluctantly, I switched my short-term trading … Read more

T2108 Update (October 28, 2016) – Divergences Weigh Further on the Stock Market

(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are likely to reverse. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades are … Read more

T2108 Update (October 19, 2016) – The S&P 500 Bounces Weakly from Near-Oversold

(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are likely to reverse. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades are … Read more

T2108 Update (October 12, 2016) – A Stock Market Teetering?

(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are likely to reverse. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades are … Read more

T2108 Update (May 13, 2016) – An Abrupt Shift From Defiant Buying to Breakdowns

(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are likely to reverse. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades are … Read more