Above the 40 (August 10, 2017) – The Stock Market’s Bearish Divergence Resolves Into Broad Selling
AT40 = 35.0% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 48.9% of stocks are trading above their respective 200DMAs VIX = 16.0 (volatility index) Short-term Trading Call: neutral Commentary The sellers finally put on a show complete with follow-through and a strong finish. The S&P 500 (SPY) cleaved right … Read more