Follow-Through Trades: The S&P 500 Left Churning Stocks Behind

The Follow-Through: Churning Stocks and Indices Covered S&P 500 (SPY) Nasdaq (COMPQX) iShares Trust Russell 2000 Index ETF (IWM) volatility index (VIX) Allegheny Technologies Incorporated (ATI) Australian dollar vesus Japanese yen (AUD/JPY) Boise Cascade L.L.C. (BCC) Carmax (KMX) Caterpillar Inc (CAT) Celsius Holdings (CELH) Corning Incorporated (GLW) Etsy (ETSY) Financial Select Sector SPDR Fund (XLF) … Read more

A Strong Market Rebound that Failed to Heal All Wounds – Above the 40 (June 25, 2021)

Stock Market Commentary Even the Federal Reserve must sit back and marvel as the S&P 500 (SPY) refuses to rest for long. Post-Fed handwringing sent the stock market into a period of doubt over previous assumptions of inflation fears. The previous week even ended with oversold conditions looming. However, as is the case with so … Read more

Follow-Through Trades: Another Bounce from “Oversold Enough”

The Follow-Through Intro Stocks and Indices Covered S&P 500 (SPY) Nasdaq (COMPQX) iShares Trust Russell 2000 Index ETF (IWM) volatility index (VIX) AGNC Investment Corp (AGNC) Allegheny Technologies Incorporated (ATI) Applied Materials (AMAT) Australian dollar vs Japanese yen (AUD/JPY) Best Buy (BBY) BHP Group Limited (BHP) Corning Incorporated (GLW) DoorDash (DASH) Financial Select Sector SPDR … Read more

A Rare Stumble for the Stock Market As Oversold Conditions Loom – Above the 40 (June 18, 2021)

Stock Market Commentary The Federal Reserve seemed to change the rules of the game. To-date, easy money policies and stubborn dovishness in the face of rising inflation was a formula for higher asset prices, reflation and inflation-friendly trades, and even rising fears of an over-heating economy. Last week, Federal Reserve Chair Jay Powell shifted the … 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

Materials Build On A Bearish Breakdown

This picture is exactly what I do not want to see as the stock market struggles to hold critical technical supports: a major index of economically-sensitive stocks confirming a breakdown of support at its 200-day moving average (DMA). The Materials Select Sector SPDR ETF (XLB) lost 1.3% on a day when the S&P 500 (SPY) … Read more

Above the 40 (April 25, 2017) – The S&P 500 Follows Through And Scratches Overbought Levels

AT40 = 67.2% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 65.1% of stocks are trading above their respective 200DMAs VIX = 10.8 (volatility index) Short-term Trading Call: bullish Commentary The French Fly continued apace as financial markets continued to celebrate. In my previous post, I failed to post a … Read more

T2108 Update (November 14, 2016) – Market Momentum Hiding in Plain Sight

(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