Above the 40 (March 17, 2017) – Financials Continue Drag As Hints Of A BULLISH Divergence Emerge

AT40 = 50.3% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 63.3% of stocks are trading above their respective 200DMAs VIX = 11.3 (volatility index) Short-term Trading Call: neutral Commentary After the U.S. Federal Reserve hiked interest rates, the market’s expectations on future rate hikes relaxed a bit. That relaxation … Read more

The Trump Volatility Trade: Nordstrom, Intel, Cognizant Technology, and Biotech

President Trump will address a joint session of Congress on Tuesday night, February 28th. Traders will no doubt have notepads ready to jot down the latest corporate targets of Trump’s wrath and praise. Trump’s words and tweets move markets, yet recent impacts have not lasted and have even worked in reverse of expectations. It is … Read more

Above the 40 (February 22, 2017) – The S&P 500 Still Finds Overbought Elusive

AT40 Status: 65.6% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 Status: 70.2% of stocks are trading above their respective 200DMAs VIX Status: 11.7 (volatility index) Short-term Trading Call: neutral Commentary The struggle for the overbought threshold continues. AT40 (T2108), the percentage of stocks trading above their respective 40-day moving averages … Read more

Above the 40 (February 13, 2017) – S&P 500 Follow-Through Finally Ends Bearish Divergence

AT40 Status: 66.4% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 Status: 69.9% of stocks are trading above their respective 200DMAs VIX Status: 11.1 (volatility index) Short-term Trading Call: neutral Commentary For the first time since December, the S&P 500 (SPY) has displayed strong follow-through to a break out to fresh … Read more

Above the 40 (February 1, 2017) – A Deepening Bearish Divergence for the S&P 500 Tarnishes Apple’s Moment

(“Above the 40” uses the percentage of stocks trading above their respective 40-day moving averages [DMAs] to assess the technical health of the stock market and to identify extremes in market sentiment that are likely to reverse. Abbreviated as AT40, Above the 40 is an alternative label for “T2108” which was created by Worden. Learn … Read more

T2108 Update (December 13, 2016) – Whispering Warnings for the S&P 500 On December Fed Eve

(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are likely to reverse. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades are … Read more

T2108 Update (September 16, 2016) – For the Week, NASDAQ and U.S. Dollar Leave S&P 500 Behind

(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are likely to reverse. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades are … Read more

T2108 Update (April 20, 2016) – Stock Breakouts and Market Lift-Off

(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are likely to reverse. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades are … Read more

T2108 Update (January 15, 2016) – The S&P 500 Pushes Further Into Extreme Oversold Conditions

(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are likely to reverse. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades are … Read more

T2108 Update (October 14, 2015) – Retail Fails the Test As the S&P 500 Mildly Stares At Its Own

(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are likely to reverse. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades are … Read more