T2108 Update – July 8, 2011 (Attack of the Topping Patterns!)

(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. To learn more about it, see my T2108 Resource Page.) T2108 Status: 74%, 5th overbought day. VIX Status: 16. General (Short-term) Trading Call: Continue closing bullish trades (longs), add to bearish trades on a close below 1333 on the S&P 500 … Read more