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

Overbought Period Ends With A Trapped S&P 500 – Above the 40 (June 19, 2020)

Stock Market Statistics AT40 = 68.7% of stocks are trading above their respective 40-day moving averages (DMAs) (ended 5 days overbought, over 70%)AT200 = 25.7% of stocks are trading above their respective 200DMAs VIX = 35.1Short-term Trading Call: neutral Stock Market Commentary When the NBA suspended/cancelled its basketball season in March, I wrote about how … Read more

Warning Signs, Promising Signs in the Stock Market – Above the 40 (June 11, 2020)

Stock Market Statistics AT40 = 69.2% of stocks are trading above their respective 40-day moving averages (DMAs) (ending 16 days overbought)AT200 = 20.5% of stocks are trading above their respective 200DMAs VIX = 40.8 (up 48.0%)Short-term Trading Call: cautiously bullish Stock Market Commentary It was fun while it lasted. The Federal Reserve delivered its latest … Read more

Overbought Trading Conditions Come to A Swift and Ominous End – Above the 40 (May 1, 2020)

Stock Market Statistics AT40 = 68.6% of stocks are trading above their respective 40-day moving averages (DMAs) (ending 2 days overbought)AT200 = 12.2% of stocks are trading above their respective 200DMAsVIX = 37.2Short-term Trading Call: neutral Stock Market Commentary The Federal Reserve’s last statement on monetary policy may go down as the short-term peak in … 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

A Stock Market Hunkered Down After Green Shoots Slam Into New Downtrend – Above the 40 (April 3, 2020)

AT40 = 4.6% of stocks are trading above their respective 40-day moving averages (DMAs) (28th oversold day)AT200 = 5.1% of stocks are trading above their respective 200DMAs (new low for the oversold period)VIX = 46.8Short-term Trading Call: cautiously bullish Stock Market Commentary First, another dose of hope and a light reminder of the seriousness of … Read more

An Oversold Stock Market Full of Extremes Makes Fresh Bid On A Bottom – Above the 40 (March 13, 2019)

AT40 = 3.0% of stocks are trading above their respective 40-day moving averages (DMAs) (13th oversold day)AT200 = 6.5% of stocks are trading above their respective 200DMAsVIX = 57.8 (down 23.4%)Short-term Trading Call: bullish Stock Market Commentary The stock market experienced another historic day as the bear market takes on more twists and turns. The … Read more

Historic Oversold Conditions Stretch Into A Bear Market – Above the 40 (March 12, 2020)

AT40 = 1.7% of stocks are trading above their respective 40-day moving averages (DMAs) (12th oversold day)AT200 = 4.1% of stocks are trading above their respective 200DMAsVIX = 75.5 (just short of financial crisis all-time high of 90)Short-term Trading Call: bullish Stock Market Commentary When I said a persistently elevated volatility index (VIX) warned us … Read more

An Ugly Weekly Gain for An Extremely Oversold Stock Market – Above the 40 (March 6, 2020)

AT40 = 9.4% of stocks are trading above their respective 40-day moving averages (DMAs) (8th oversold day)AT200 = 23.2% of stocks are trading above their respective 200DMAsVIX = 41.9Short-term Trading Call: bullish Stock Market Commentary The Shake and Bake bottom barely held as support last week. It was a week of dramatic ups and downs … Read more

Being Oversold Is Reason Enough for Buying the Stock Market – Above the 40 (March 4, 2020)

AT40 = 17.5% of stocks are trading above their respective 40-day moving averages (DMAs) (6th oversold day)AT200 = 32.9% of stocks are trading above their respective 200DMAsVIX = 32.0Short-term Trading Call: bullish Stock Market Commentary Was it a delayed response to the emergency rate cut from the Federal Reserve? Was it the big comeback by … Read more