Tech Fertilizes the Weeds in the Stock Market – Above the 40 (September 11, 2020)

Stock Market Statistics AT40 = 40.2% of stocks are trading above their respective 40-day moving averages (DMAs) (2-month low)AT200 = 43.0% of stocks are trading above their respective 200DMAs (2 1/2 week low)VIX = 31.5Short-term Trading Call: cautiously bearish Stock Market Commentary The weeds in the stock market thickened last week. Tech stocks fertilized the … Read more

S&P 500 Rejoins the All-Time High Club As Overbought Conditions End – Above the 40 (August 18, 2020)

Stock Market Statistics AT40 = 69.7% of stocks are trading above their respective 40-day moving averages (DMAs) (ended 7 overbought trading days)AT200 = 44.7% of stocks are trading above their respective 200DMAs VIX = 21.5Short-term Trading Call: cautiously bullish Stock Market Commentary A stock market that keeps its focus on positive catalysts finally gained enough … Read more

Stock Market Hits Overbought with A Bullish Divergence – Above the 40 (August 7, 2020)

Stock Market Statistics AT40 = 72.2% of stocks are trading above their respective 40-day moving averages (DMAs) (1st day overbought)AT200 = 42.3% of stocks are trading above their respective 200DMAs VIX = 22.2Short-term Trading Call: cautiously bullish Stock Market Commentary The last overbought period ended in June. The volatility index (VIX) did not drop much … Read more

Stocks Wind Back Up – Above the 40 (July 31, 2020)

Stock Market Statistics AT40 = 51.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 35.6% of stocks are trading above their respective 200DMAs VIX = 24.5Short-term Trading Call: neutral Stock Market Commentary Major League Baseball (MLB) may be forced to wind back down, but stocks look like they are winding … Read more

Stock Market Transitions to Key Breakouts and Setups At Support – Above the 40 (July 17, 2020)

Stock Market Statistics AT40 = 56.1% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 32.5% of stocks are trading above their respective 200DMAs VIX = 25.7Short-term Trading Call: neutral Stock Market Commentary Last week started with a growl and ended quietly. The stock market quickly transitioned from confirming a bearish … Read more

A Stock Market On Edge – Above the 40 (June 26, 2020)

Stock Market Statistics AT40 = 40.1% of stocks are trading above their respective 40-day moving averages (DMAs) (2-month low)AT200 = 20.1% of stocks are trading above their respective 200DMAs VIX = 34.7Short-term Trading Call: neutral Stock Market Commentary After a one-day respite, the damage in the stock market continued. This time, the damage was more … Read more

ShotSpotter: A “Persnickety” Quarter Completes A Major Stock Reversal

“So I think, in hindsight, even though we’re getting all these encouraging signs, just dealing with the complexity of various kinds of national governments, their processes are more, I would say, kind of persnickety, time wise, and from a procurement point of view. So it’s just frankly, just taken longer than we anticipated. But the … Read more

T2108 Update (June 17, 2014) – A Market Bursting At the Seams Ahead of Fed (Includes Chart Reviews)

(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 – March 2, 2012 (The Plunge That Ends This Historic Overbought Period?)

(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. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades are posted on twitter using the #120trade hashtag) T2108 Status: 71% (overbought day #42) … Read more