Overbought Trading Conditions Emerge from Rush for Pandemic Recovery Stocks – Above the 40 (November 10, 2020)

Stock Market Statistics AT40 = 71.7% of stocks are trading above their respective 40-day moving averages (DMAs) (Day #1 overbought) AT200 = 66.9%% of stocks are trading above their respective 200DMAs (near 3-year high and confirmed breakout above post financial crisis downtrend) VIX = 24.8 Short-term Trading Call: neutral Stock Market Commentary The week of … Read more

Above the 40 (November 23, 2018) – Stock Market Barely Avoids Oversold Conditions

AT40 = 27.6% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 25.6% of stocks are trading above their respective 200DMAs (just above a 32-month low) VIX = 21.5 Short-term Trading Call: neutral Commentary Last week on November 20th, AT40 (T2108), the percentage of stocks trading above their respective 40-day moving … Read more

Above the 40 (October 30, 2018) – A Bullish Divergence Transforms to A Near End to Oversold Conditions

AT40 = 17.3% of stocks are trading above their respective 40-day moving averages (DMAs) – 10th day of oversold period following 4-day oversold period AT200 = 29.5% of stocks are trading above their respective 200DMAs VIX = 23.4 Short-term Trading Call: bullish Commentary The small bullish divergence to start the week received follow-through in the … Read more

Above the 40 (June 6, 2018) – A Broadening Stock Rally Stretches Toward Important Threshold

AT40 = 68.3% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 56.3% of stocks are trading above their respective 200DMAs (a 4-month high) VIX = 11.6 Short-term Trading Call: neutral Commentary It is tough avoiding a flip on my short-term trading call to bullish, but I am sticking by my … Read more

Above the 40 (May 4, 2018) – The Apple Temptation of the Stock Market

AT40 = 53.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 45.9% of stocks are trading above their respective 200DMAs VIX = 14.8 Short-term Trading Call: cautiously bearish Commentary I was right to be bearish last week…until the very last day when all at once the market reversed almost all … Read more

Above the 40 (March 16, 2018) – The Stock Market Stumbles Back to A Sharp Edge

AT40 = 49.0% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 50.1% of stocks are trading above their respective 200DMAs VIX = 15.8 Short-term Trading Call: bullish Commentary Another proclamation on monetary policy from the Federal Reserve is just 3 trading days away. Hanging in the balance is the S&P … Read more

Above the 40 (October 27, 2017) – A Fresh Market Surge Barely Moves An Important Needle

AT40 = 59.3% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 57.8% of stocks are trading above their respective 200DMAs VIX = 9.8 (a 13.3% drop) Short-term Trading Call: cautiously bullish Commentary Buyers ended last week on a strong note with the S&P 500 (SPY) surging to yet another all-time … Read more

T2108 Update (September 12, 2014) – Another Quiet Divergence

(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 7, 2014) – Overbought Timelag?

(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