Above the 40 (October 25, 2018) – Breadth Responds Poorly to Latest 1-Day Oversold Rally

{editing note 10/28/18 – this is a restored version of this post after I accidentally over-wrote it in preparing for the next edition of Above the 40} AT40 = 12.3% of stocks are trading above their respective 40-day moving averages (DMAs) – 7th day of oversold period following 4-day oversold period (as low as 10.3%) … Read more

Above the 40 (October 24, 2018) – The Second Derivative Is Here for the Stock Market (New Oversold Extremes)

AT40 = 11.0% of stocks are trading above their respective 40-day moving averages (DMAs) – 6th day of oversold period following 4-day oversold period (as low as 10.6%) AT200 = 25.5% of stocks are trading above their respective 200DMAs (as low as 26.7%) VIX = 25.2 Short-term Trading Call: bullish Commentary Time to take a … Read more

Above the 40 (October 23, 2018) – A Classic Oversold Bounce Leaves Behind Critical Breakdowns

AT40 = 13.7% of stocks are trading above their respective 40-day moving averages (DMAs) – 5th day of oversold period following 4-day oversold period (as low as 10.6%) AT200 = 30.0% of stocks are trading above their respective 200DMAs (as low as 26.7%) VIX = 20.7 (as high as 24.7) Short-term Trading Call: bullish Commentary … Read more

Above the 40 (October 19, 2018) – Swirling Signals from 200DMA Drama And Bearish Breakdowns

AT40 = 16.3% of stocks are trading above their respective 40-day moving averages (DMAs) – 3rd day of oversold period following 4-day oversold period AT200 = 33.6% of stocks are trading above their respective 200DMAs VIX = 19.9 Short-term Trading Call: bullish Commentary Friday was a day with a head-spinning mix of reassuring and ominous … Read more

Above the 40 (October 18, 2018) – A Second Oversold Period Gives 200DMAs A Fresh Challenge

AT40 = 15.8% of stocks are trading above their respective 40-day moving averages (DMAs) – 2nd day of oversold period following 4-day oversold period AT200 = 33.9% of stocks are trading above their respective 200DMAs (up 6 percentage points) VIX = 20.1 (15% increase) Short-term Trading Call: bullish Commentary The 200-day moving averages (DMAs) still … Read more

Above the 40DMA (October 17, 2018) – A New Oversold Period for the Stock Market Despite A Bullish Intraday Bounce

AT40 = 19.3% of stocks are trading above their respective 40-day moving averages (DMAs) – 1st day of oversold period following 4-day oversold period AT200 = 37.7% of stocks are trading above their respective 200DMAs (up 6 percentage points) VIX = 17.4 Short-term Trading Call: bullish Commentary The stock market was unable to follow-through from … Read more

Above the 40DMA (October 16, 2018) – Critical Stock Market 200DMAs Pass the Oversold Test

AT40 = 20.9% of stocks are trading above their respective 40-day moving averages (DMAs) – ended a 4-day oversold period AT200 = 39.6% of stocks are trading above their respective 200DMAs (up 6 percentage points) VIX = 17.6 (drop of 17.3%) Short-term Trading Call: bullish Commentary The average oversold period lasts 5 days. The latest … Read more

Above the 40DMA (October 15, 2018) – Oversold Conditions Test Critical Stock Market 200DMAs

AT40 = 13.2% of stocks are trading above their respective 40-day moving averages (DMAs) – a 4th oversold day (below 20%) AT200 = 33.6% of stocks are trading above their respective 200DMAs VIX = 21.3 (no change) Short-term Trading Call: bullish Commentary All eyes are now trained on the stock market’s critical long-term moving averages … Read more

Above the 40 (October 12, 2018) – Confidence and A Conditional Reprieve Amid Oversold Lows

AT40 = 11.7% of stocks are trading above their respective 40-day moving averages (DMAs) (hit an intraday low of 9.4%, oversold day #3) AT200 = 32.3% of stocks are trading above their respective 200DMAs (intraday low of 30.0%) VIX = 21.3 (a decrease of 14.7%) Short-term Trading Call: bullish Commentary AT40 (T2108), the percentage of … Read more

Above the 40 (October 11, 2018) – Oversold Conditions Deepen In the Stock Market As Breakdowns Worsen

AT40 = 11.2% of stocks are trading above their respective 40-day moving averages (DMAs) (oversold day #2) AT200 = 31.7% of stocks are trading above their respective 200DMAs () VIX = 23.0 (an increase of 44.0%) Short-term Trading Call: bullish Commentary The market sell-off is unfolding quickly. AT40 (T2108), the percentage of stocks trading above … Read more