Stock Market Launches Deeply Into Overbought Trading Conditions – Above the 40 (April 29, 2020)

AT40 (T2108) soared to 82.6% and started overbought conditions at extreme levels.

Stock Market Statistics AT40 = 82.6% of stocks are trading above their respective 40-day moving averages (DMAs) (first oversold day)AT200 = 17.7% of stocks are trading above their respective 200DMAsVIX = 31.2Short-term Trading Call: neutral Stock Market Commentary On Tuesday, AT40 (T2108), the percentage of stocks trading above their respective 40-day moving averages (DMAs), rallied … 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

Above the 40 (January 22, 2019) – Overbought Conditions Abruptly End In A Flurry of Tests of Support

AT40 = 66.4% of stocks are trading above their respective 40-day moving averages (DMAs) (ended 1-day overperiod)AT200 = 24.6% of stocks are trading above their respective 200DMAsVIX = 20.8Short-term Trading Call: neutral Commentary Days like these remind me of the importance of technicals. Just one trading day after surging into overbought trading territory, the stock … Read more

Above the 40 (November 10, 2017) – A Flash Resolution to Bearish Divergence

AT40 = 48.1% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 54.9% of stocks are trading above their respective 200DMAs VIX = 11.3 Short-term Trading Call: cautiously bullish Commentary It was by the slimmest of margins, but the S&P 500 (SPY) finally ended a week with a loss. After 8 … Read more

Above the 40 (August 14, 2017) – Another Fear Phase Fizzles

AT40 = 42.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 51.5% of stocks are trading above their respective 200DMAs VIX = 12.3 (volatility index fell 20.5%) Short-term Trading Call: bullish Commentary As has been the pattern for quite some time now, the latest phase of fear fizzled out fast. … Read more