IWM

New Pressures for the Stock Market Despite Fade in Concerning Signals – Above the 40 (September 27, 2019)

AT40 = 61.4% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 52.8% of stocks are trading above their respective 200DMAsVIX = 17.2Short-term Trading Call: cautiously bearish (caveats below) Stock Market Commentary A Conditionally Bearish Breakdown Friday’s trading action triggered my prime condition for flipping bearish. AT40 (T2108), the percentage of stocks … Read more

The Stock Market Fights Through Concerning Signals – Above the 40 (September 25, 2019)

AT40 = 68.9% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 55.6% of stocks are trading above their respective 200DMAsVIX = 16.0Short-term Trading Call: neutral Stock Market Commentary One More Risk to Ignore An impeachment inquiry, an “admission”, and fresh promises from President Trump about getting a trade deal done with … Read more

A Stock Market Pivot Around Overbought As Indices Fail At Highs – Above the 40 (September 20, 2019)

AT40 = 69.6% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 56.3% of stocks are trading above their respective 200DMAs (13-month high)VIX = 15.3Short-term Trading Call: neutral Stock Market Commentary A Broken Record Last week had some big moments. Looking back, the week looks like a broken record. The Federal Reserve … Read more

Small Caps Answer the Call: Overbought Trading Conditions Now Approach – Above the 40 (September 10, 2019)

The iShares Russell 2000 Index Fund ETF (IWM) has surged through 200 and 50DMA resistance in a high-volume breakout move.

AT40 = 62.1% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 55.2% of stocks are trading above their respective 200DMAs (finished reversing all of August’s decline)VIX = 15.2Short-term Trading Call: neutral Stock Market Commentary Role reversal While the S&P 500 (SPY) and the NASDAQ (COMPQX) continue to fail at confirming … Read more

An Obvious Stock Market Breakout Leaves Open Questions – Above the 40 (September 6, 2019)

AT40 = 49.7% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 48.1% of stocks are trading above their respective 200DMAsVIX = 15.0Short-term Trading Call: neutral Stock Market Commentary One Obvious Pattern to Another The S&P 500 (SPY) and the NASDAQ (COMPQX) transitioned from an obvious trading range to an obvious … Read more

A Stock Market Stuck In An Obvious Trading Range Still Produces A Rich Set of Expectations – Above the 40 (August 29, 2019)

AT40 = 38.3% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 44.1% of stocks are trading above their respective 200DMAs (2-month low)VIX = 19.0Short-term Trading Call: neutral Stock Market Commentary The Trigger Finger On Tuesday (August 27), I saw enough hints of a flip from a bullish to bearish divergence … Read more

The 401K Stock Market Loses Some Faith As Divergence Flips – Above the 40 (August 27, 2019)

AT40 (T2108) closed below Friday's precipitous low, making my favorite technical indicator look finally ready to drop to oversold trading conditions.

AT40 = 28.6% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 39.5% of stocks are trading above their respective 200DMAs (2-month low)VIX = 20.3Short-term Trading Call: neutral (from cautiously bullish) Stock Market Commentary The 401K stock market’s ugly sandwich just got a bit soggy. My premise for clinging to a … Read more

The 401K Stock Market Chokes On A Powell and Trade War Sandwich – Above the 40 (August 23, 2019)

AT40 = 28.8% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 39.9% of stocks are trading above their respective 200DMAs (2-month low)VIX = 19.9Short-term Trading Call: cautiously bullish (see caveats below) Stock Market Commentary Presidential Decrees “Q    Six hundred and twenty-three points — that’s what the Dow was down today … Read more

The 401K Stock Market Holds Support At the August Extreme – Above the 40 (August 16, 2019)

AT40 = 33.1% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 43.1% of stocks are trading above their respective 200DMAs (2-month low)VIX = 18.5Short-term Trading Call: cautiously bullish (from neutral) Stock Market Commentary The extreme of August held as support…just barely. Sneaky Resilience The S&P 500 (SPY) gapped up 1.4% … Read more

Rate Cut Cheer Not Yet Enough to Push Stock Market To Overbought – Above the 40 (July 12, 2019)

After a bullish run-up, AT40 (T2108) struggled all week to break through the overbought threshold.

AT40 = 68.2% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 54.9% of stocks are trading above their respective 200DMAs (essentially matches the 2019 high and is a new 10-month high)VIX = 12.4Short-term Trading Call: neutral (caveats below) Stock Market Commentary After the report on June jobs, financial markets got … Read more