Above the 40 (May 15, 2019) – Stock Market Flips from Bullish Support to Bearish Resistance As Signals Compete

AT40 = 43.8% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 47.4% of stocks are trading above their respective 200DMAsVIX = 16.4Short-term Trading Call: neutral Stock Market Commentary Over the weekend, I wrote about a “constructive stock market” as a reference to the stock market’s consistently positive responses to U.S. vs … Read more

Above the 40 (March 15, 2019) – Bears Give Way to Breakouts As Stock Market Remains Precarious

AT40 = 61.8% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 43.0% of stocks are trading above their respective 200DMAsVIX = 12.9 (5-month low)Short-term Trading Call: bearish Stock Market Commentary The stock market’s scramble for support worked last week as buyers and bulls put the bears on notice. However, the rally … Read more

Above the 40 (November 3, 2017) – Strong Market Indices Still Fail to Move the Needle

AT40 = 52.9% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 55.9% of stocks are trading above their respective 200DMAs VIX = 9.1 (a new all-time low!) Short-term Trading Call: cautiously bullish Commentary A week ago, I complained that AT40 (T2108), the percentage of stocks trading above their 40-day moving … Read more