Above the 40 (December 14, 2018) – A Bear-Burdened Stock Market Dropped to Oversold and Passed A Trade-Positive Tweet

AT40 = 19.7% of stocks are trading above their respective 40-day moving averages (DMAs) (1st day oversold)AT200 = 20.7% of stocks are trading above their respective 200DMAs (34-month low)VIX = 21.6Short-term Trading Call: cautiously bullish CommentaryThe stock market is oversold again as a bearish divergence to start the week came to its “logical conclusion.” AT40 (T2108), … Read more

Above the 40 (December 15, 2017) – The Pause That Refreshed the Stock Market

AT40 = 59.4% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 59.9% of stocks are trading above their respective 200DMAs VIX = 9.4 Short-term Trading Call: cautiously bullish Commentary The market fatigue I pointed out last week lasted just one more day. In the spirit of this relentless bull market, … Read more