Stocks Unwind Ahead of Key Stimulus Decisions and Earnings – Above the 40 (July 24, 2020)

Stock Market Statistics AT40 = 53.8% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 33.5% of stocks are trading above their respective 200DMAs VIX = 25.8Short-term Trading Call: neutral Stock Market Commentary AT40 (T2108), the percentage of stocks trading above their respective 40-day moving averages (DMAs), barely budged all week … Read more

A Two-Speed Stock Market Downshifts Into A Bearish Divergence – Above the 40 (July 10, 2020)

Stock Market Statistics AT40 = 43.8% of stocks are trading above their respective 40-day moving averages (DMAs) (hit a 2 1/2 – month low the previous day at 34.9%)AT200 = 26.0% of stocks are trading above their respective 200DMAs VIX = 27.3Short-term Trading Call: neutral Stock Market Commentary A strange and two-speed market got even … Read more

An Overbought Stock Market Stretching Past A Hurting Country – Above the 40 (May 29, 2020)

Stock Market Statistics AT40 = 82.9% of stocks are trading above their respective 40-day moving averages (DMAs) (overbought 4 of last 5 trading days)AT200 = 25.4% of stocks are trading above their respective 200DMAsVIX = 27.5Short-term Trading Call: cautiously bullish (changed from neutral) Stock Market Commentary It feels surreal to write about the latest machinations … Read more

An Ugly Weekly Gain for An Extremely Oversold Stock Market – Above the 40 (March 6, 2020)

AT40 = 9.4% of stocks are trading above their respective 40-day moving averages (DMAs) (8th oversold day)AT200 = 23.2% of stocks are trading above their respective 200DMAsVIX = 41.9Short-term Trading Call: bullish Stock Market Commentary The Shake and Bake bottom barely held as support last week. It was a week of dramatic ups and downs … Read more

Buyers Tap the Brakes As Economic Data Stall In the Crosswalk – Above the 40 (February 21, 2020)

The NADSAQ (COMPQX) lost 1.8% for a 2-week low.

AT40 = 48.9% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 56.7% of stocks are trading above their respective 200DMAs VIX = 17.1Short-term Trading Call: bearish Stock Market Commentary Sellers put on a rare performance: the S&P 500 fell for two days in a row. Buyers tapped the brakes on … Read more

A Failed Healing: Stock Market Further Confirms Topping Patterns – Above the 40 (January 31, 2020)

AT40 = 38.2% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 50.9% of stocks are trading above their respective 200DMAs VIX = 18.8Short-term Trading Call: cautiously bearish Stock Market Commentary Last week, I switched from neutral for the first time in, I believe, months. I downgraded to “cautiously bearish” because … Read more

A Growing Bearish Divergence Has Yet to Spoil Rally In Stock Indices – Above the 40 (November 8, 2019)

AT40 = 57.4% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 54.9% of stocks are trading above their respective 200DMAsVIX = 12.1Short-term Trading Call: neutral Stock Market Commentary The stock market seems to be on a slow and steady march toward Christmas. The current bearish divergence and an exceptionally low volatility … Read more

Part Optimism, Part Skepticism from A Partial Trade Deal – Above the 40 (October 11, 2019)

AT40 = 52.4% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 48.1% of stocks are trading above their respective 200DMAsVIX = 15.6Short-term Trading Call: cautiously bearish Stock Market Commentary A Broad-Based Re-Entry Two Fridays ago, buyers took the S&P 500 (SPY) back above its 50-day moving average (DMA). It was yet … Read more

New Pressures for the Stock Market Despite Fade in Concerning Signals – Above the 40 (September 27, 2019)

AT40 = 61.4% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 52.8% of stocks are trading above their respective 200DMAsVIX = 17.2Short-term Trading Call: cautiously bearish (caveats below) Stock Market Commentary A Conditionally Bearish Breakdown Friday’s trading action triggered my prime condition for flipping bearish. AT40 (T2108), the percentage of stocks … Read more

The 401K Stock Market Holds Support At the August Extreme – Above the 40 (August 16, 2019)

AT40 = 33.1% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 43.1% of stocks are trading above their respective 200DMAs (2-month low)VIX = 18.5Short-term Trading Call: cautiously bullish (from neutral) Stock Market Commentary The extreme of August held as support…just barely. Sneaky Resilience The S&P 500 (SPY) gapped up 1.4% … Read more