Stocks Wind Back Up – Above the 40 (July 31, 2020)

Stock Market Statistics AT40 = 51.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 35.6% of stocks are trading above their respective 200DMAs VIX = 24.5Short-term Trading Call: neutral Stock Market Commentary Major League Baseball (MLB) may be forced to wind back down, but stocks look like they are winding … Read more

The Top 1 Percent Even Rules the Stock Market: Divergences with Elites

Sam Ro is a managing editor at Yahoo Finance. Ro’s tweet with data from FactSet and Goldman Sachs (GS) shows how just 5 stocks – Facebook (FB), Amazon.com (AMZN), Apple (AAPL), Microsoft (MSFT), and Alphabet (GOOG) – dominate the S&P 500 (SPY). The top 1 percent seem to be the only story worth telling given … Read more

A Stock Market On Edge – Above the 40 (June 26, 2020)

Stock Market Statistics AT40 = 40.1% of stocks are trading above their respective 40-day moving averages (DMAs) (2-month low)AT200 = 20.1% of stocks are trading above their respective 200DMAs VIX = 34.7Short-term Trading Call: neutral Stock Market Commentary After a one-day respite, the damage in the stock market continued. This time, the damage was more … Read more

Stock Market Bears Finally Draw A Line In the Sand – Above the 40 (May 12, 2020)

AT40 (T2108) sell through the overbought threshold for the second time in a week.

Stock Market Statistics AT40 = 64.9% of stocks are trading above their respective 40-day moving averages (DMAs) (ending 3-day overbought period)AT200 = 15.4% of stocks are trading above their respective 200DMAsVIX = 33.0Short-term Trading Call: neutral Stock Market Commentary Winners and losers are still becoming ever more distinct in the stock market, but today stock … Read more

Stock Market’s New Bear/Bull Battle Lines – Above the 40 (April 22, 2020)

AT40 = 33.8% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 11.3% of stocks are trading above their respective 200DMAsVIX = 42.0Short-term Trading Call: cautiously bullish Stock Market Commentary Crash culture started this week with an astonishing collapse in oil prices. The stock market held on admirably, especially tech stocks. … Read more

Crash Culture – A Warning In Negative Oil Prices – Above the 40 (April 20, 2020)

AT40 = 30.6% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 11.7% of stocks are trading above their respective 200DMAsVIX = 43.8Short-term Trading Call: cautiously bullish Stock Market Commentary The culture of collapse that has accompanied the coronavirus pandemic reached new lows. The on-going collapse in oil prices reached new … Read more

Stock Market Holds Tenuous Breakout from Oversold Conditions – Above the 40 (April 15, 2020)

AT40 = 21.5% of stocks are trading above their respective 40-day moving averages (DMAs) (2nd day outside oversold conditions)AT200 = 10.1% of stocks are trading above their respective 200DMAsVIX = 40.8Short-term Trading Call: cautiously bullish Stock Market Commentary “Swift and sweeping fiscal and monetary policy responses from U.S. officials will ultimately support stock prices from … Read more

Green Shoots Push Into the Next Downtrend Threatening to Trample Stocks – Above the 40 (March 27, 2020)

AT40 = 3.8% of stocks are trading above their respective 40-day moving averages (DMAs) (23rd oversold day)AT200 = 5.0% of stocks are trading above their respective 200DMAs (new low for the oversold period)VIX = 65.5Short-term Trading Call: bullish Stock Market Commentary First a dose of hope: “Coronavirus treatment: Palo Alto woman recovers from coronavirus after … Read more

Green Shoots for A Grinding and Historic Oversold Period – Above the 40 (March 20, 2020)

AT40 = 2.0% of stocks are trading above their respective 40-day moving averages (DMAs) (18th oversold day)AT200 = 2.6% of stocks are trading above their respective 200DMAs (new low for the oversold period)VIX = 66.0Short-term Trading Call: bullish Stock Market Commentary The bear market grinds on. At the time of writing, U.S. stock market futures … Read more

A Grinding Bear Market Hits More Oversold History – Above the 40 (March 18, 2020)

AT40 = 2.7% of stocks are trading above their respective 40-day moving averages (DMAs) (16th oversold day)AT200 = 4.0% of stocks are trading above their respective 200DMAsVIX = 76.5Short-term Trading Call: bullish Stock Market Commentary The week started with another stomach churning loss with the S&P 500 (SPY) losing 12.0%. It was a day where … Read more