Stocks Wind Back Up – Above the 40 (July 31, 2020)

Stock Market Statistics AT40 = 51.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 35.6% of stocks are trading above their respective 200DMAs VIX = 24.5Short-term Trading Call: neutral Stock Market Commentary Major League Baseball (MLB) may be forced to wind back down, but stocks look like they are winding … Read more

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

Stock Market Transitions to Key Breakouts and Setups At Support – Above the 40 (July 17, 2020)

Stock Market Statistics AT40 = 56.1% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 32.5% of stocks are trading above their respective 200DMAs VIX = 25.7Short-term Trading Call: neutral Stock Market Commentary Last week started with a growl and ended quietly. The stock market quickly transitioned from confirming a bearish … Read more

Stock Market Snaps Out of Bearish Divergence – Above the 40 (July 15, 2020)

Stock Market Statistics AT40 = 58.8% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 30.8% of stocks are trading above their respective 200DMAs VIX = 27.8Short-term Trading Call: neutral Stock Market Commentary I anticipated a shallow sell-off for a downward resolution to the bearish divergence in the stock market. However, … 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

A Two-Speed Stock Market Remains on Edge – Above the 40 (July 2, 2020)

Stock Market Statistics AT40 = 53.9% of stocks are trading above their respective 40-day moving averages (DMAs) (2-month low)AT200 = 25.6% of stocks are trading above their respective 200DMAs VIX = 34.7Short-term Trading Call: neutral Stock Market Commentary The damage in the stock market the previous week looked strong enough to eventually take trading conditions … Read more

A Stock Market On Edge – Above the 40 (June 26, 2020)

Stock Market Statistics AT40 = 40.1% of stocks are trading above their respective 40-day moving averages (DMAs) (2-month low)AT200 = 20.1% of stocks are trading above their respective 200DMAs VIX = 34.7Short-term Trading Call: neutral Stock Market Commentary After a one-day respite, the damage in the stock market continued. This time, the damage was more … Read more

A Trampling at the Frontlines of the Stock Market – Above the 40 (June 24, 2020)

Stock Market Statistics AT40 = 47.9% of stocks are trading above their respective 40-day moving averages (DMAs) (2-month low)AT200 = 21.5% of stocks are trading above their respective 200DMAs VIX = 33.8Short-term Trading Call: neutral Stock Market Commentary The damage in the stock market is only visible upon close examination. The top technicals for the … Read more

Overbought Period Ends With A Trapped S&P 500 – Above the 40 (June 19, 2020)

Stock Market Statistics AT40 = 68.7% of stocks are trading above their respective 40-day moving averages (DMAs) (ended 5 days overbought, over 70%)AT200 = 25.7% of stocks are trading above their respective 200DMAs VIX = 35.1Short-term Trading Call: neutral Stock Market Commentary When the NBA suspended/cancelled its basketball season in March, I wrote about how … Read more

Support for Another Round of Overbought Conditions in the Stock Market – Above the 40 (June 13, 2020)

Stock Market Statistics AT40 = 74.1% of stocks are trading above their respective 40-day moving averages (DMAs) (first overbought day, 17 of last 19 trading days overbought)AT200 = 22.6% of stocks are trading above their respective 200DMAs VIX = 36.1 (down 11.5%)Short-term Trading Call: cautiously bullish Stock Market Commentary In the last Above the 40 … Read more