Oversold Stock Market Conditions End With An Immediate Challenge – Above the 40 (September 25, 2020)

Stock Market Statistics AT40 = 23.3% of stocks are trading above their respective 40-day moving averages (DMAs) (ended 2-day oversold period)AT200 = 38.6% of stocks are trading above their respective 200DMAsVIX = 26.4Short-term Trading Call: cautiously bullish Stock Market Commentary The oversold period lasted just two days, a typical length of time for oversold periods. … Read more

An Oversold Stock Market With Plenty of Downside Risk – Above the 40 (September 23, 2020)

Stock Market Statistics AT40 = 19.6% of stocks are trading above their respective 40-day moving averages (DMAs) (oversold)AT200 = 36.2% of stocks are trading above their respective 200DMAsVIX = 28.6Short-term Trading Call: cautiously bullish Stock Market Commentary On Monday I switched to a neutral short-term trading call to get mentally ready for a major change … Read more

Stock Market Gap-Downs Send Traders Back to High Tech Playbook – Above the 40 (September 21, 2020)

Stock Market Statistics AT40 = 28.7% of stocks are trading above their respective 40-day moving averages (DMAs). (traded as low as 24.8%)AT200 = 40.0% of stocks are trading above their respective 200DMAsVIX = 27.8 (traded as high as 31.1)Short-term Trading Call: neutral (changed from cautiously bearish) Stock Market Commentary For a brief moment the entire … Read more

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

The Stock Market’s Garden Grows More Weeds In Sell-Off – Above the 40 (September 8, 2020)

Stock Market Statistics AT40 = 42.5% of stocks are trading above their respective 40-day moving averages (DMAs) (2-month low)AT200 = 42.1% 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 swift stock market sell-off took a fresh turn for the worse. AT200 … 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

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 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