Above the Forty (AT40 – February 3, 2017): The S&P 500 Bids to End Bearish Divergence

AT40 Status: 60.3% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 Status: 68.4% of stocks are trading above their respective 200DMAs VIX Status: 11.0 (volatility index) Short-term Trading Call: neutral Commentary Nothing says “strong sentiment” like a stock market that actually rallies on a strong U.S. jobs report: the fear of … Read more

Above the 40 (February 1, 2017) – A Deepening Bearish Divergence for the S&P 500 Tarnishes Apple’s Moment

(“Above the 40” uses the percentage of stocks trading above their respective 40-day moving averages [DMAs] to assess the technical health of the stock market and to identify extremes in market sentiment that are likely to reverse. Abbreviated as AT40, Above the 40 is an alternative label for “T2108” which was created by Worden. Learn … Read more

“The T2108 Update” Becomes “Above the 40”

I have heard you loud and clear: it is time to part ways with the T2108 brand. T2108 is a daily technical indicator provided by TC2000, a stock charting program created by Worden Brothers, Inc. T2108 represents the percentage of stocks trading above their respective 40-day moving averages (DMAs). My former trading mentor, TraderMike (now … Read more