A Time to Retreat to Neutral on the Stock Market – Above the 40 (November 4, 2020)

Stock Market Statistics AT40 = 48.2% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 51.5% of stocks are trading above their respective 200DMAs (8-month high) VIX = 29.6. (a plunge of 16.8%) Short-term Trading Call: neutral (downgrade from cautiously bullish) Stock Market Commentary At the time of writing, the U.S. … Read more

Stock Market Rebounds Stronger Than Before – Above the 40 (October 9, 2020)

Stock Market Statistics AT40 = 61.1% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 53.2% of stocks are trading above their respective 200DMAs VIX = 25.0 Short-term Trading Call: cautiously bullish Stock Market Commentary Without recognizing the bullish divergence that ended the previous week, last week’s trading dynamic of a … Read more

The Stock Market Pushes Through Its 50DMA Resistance – Above the 40 (September 28, 2020)

Stock Market Statistics AT40 = 33.6% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 42.6% of stocks are trading above their respective 200DMAs VIX = 26.2 Short-term Trading Call: cautiously bullish Stock Market Commentary The major indices bounced out of oversold trading conditions only to face down the immediate challenge … Read more

A Tech Stock Breakdown While Rest of Market Yawns – Above the 40 (September 18, 2020)

Stock Market Statistics AT40 = 43.5% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 44.9% of stocks are trading above their respective 200DMAsVIX = 25.8Short-term Trading Call: cautiously bearish Stock Market Commentary Tech stocks led the way up, and now they are leading the way down. The top 1% of the … Read more

The Top 1 Percent Even Rules the Stock Market: Divergences with Elites

Sam Ro is a managing editor at Yahoo Finance. Ro’s tweet with data from FactSet and Goldman Sachs (GS) shows how just 5 stocks – Facebook (FB), Amazon.com (AMZN), Apple (AAPL), Microsoft (MSFT), and Alphabet (GOOG) – dominate the S&P 500 (SPY). The top 1 percent seem to be the only story worth telling given … Read more

Stock Market Churn Continues As Volatility Resumes Its Decline – Above the 40 (April 24, 2020)

Stock Market Statistics AT40 = 45.0% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 12.4% of stocks are trading above their respective 200DMAsVIX = 35.9Short-term Trading Call: cautiously bullish Stock Market Commentary Last week started on an ominous note with more historic plunges in oil prices. The stock market managed … Read more

Stock Market’s New Bear/Bull Battle Lines – Above the 40 (April 22, 2020)

AT40 = 33.8% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 11.3% of stocks are trading above their respective 200DMAsVIX = 42.0Short-term Trading Call: cautiously bullish Stock Market Commentary Crash culture started this week with an astonishing collapse in oil prices. The stock market held on admirably, especially tech stocks. … Read more

Buyers Tap the Brakes As Economic Data Stall In the Crosswalk – Above the 40 (February 21, 2020)

The NADSAQ (COMPQX) lost 1.8% for a 2-week low.

AT40 = 48.9% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 56.7% of stocks are trading above their respective 200DMAs VIX = 17.1Short-term Trading Call: bearish Stock Market Commentary Sellers put on a rare performance: the S&P 500 fell for two days in a row. Buyers tapped the brakes on … Read more

A Failed Healing: Stock Market Further Confirms Topping Patterns – Above the 40 (January 31, 2020)

AT40 = 38.2% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 50.9% of stocks are trading above their respective 200DMAs VIX = 18.8Short-term Trading Call: cautiously bearish Stock Market Commentary Last week, I switched from neutral for the first time in, I believe, months. I downgraded to “cautiously bearish” because … Read more

Buyers Quickly Shut the Window Of Opportunity for Stock Market Bears – Above the 40 (October 4, 2019)

AT40 = 48.9% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 47.5% of stocks are trading above their respective 200DMAsVIX = 17.0Short-term Trading Call: cautiously bearish Stock Market Commentary A Broad-Based Re-Entry The bull market remains very much alive. When AT40 (T2108), the percentage of stocks trading above their respective 40-day … Read more