A Tech Stock Breakdown While Rest of Market Yawns – Above the 40 (September 18, 2020)

Stock Market Statistics AT40 = 43.5% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 44.9% of stocks are trading above their respective 200DMAsVIX = 25.8Short-term Trading Call: cautiously bearish Stock Market Commentary Tech stocks led the way up, and now they are leading the way down. The top 1% of the … Read more

An Overbought Stock Market Celebrates New Fed Inflation Policy – Above the 40 (August 28, 2020)

AT40 (T2108) is back to overbought (above 70%).

Stock Market Statistics AT40 = 71.2% of stocks are trading above their respective 40-day moving averages (DMAs) (ended 7 overbought trading days)AT200 = 46.5% of stocks are trading above their respective 200DMAs VIX = 23.0Short-term Trading Call: cautiously bearish Stock Market Commentary Last week was not a good time to be sitting on the sidelines … Read more

Nutanix: A Stock and Company Ready for a Takeover

The weekly chart for Nutanix (NTNX) shows an on-going downtrend since the June, 2018 all-time high.

Nutanix (NTNX) is an IT infrastructure company that helps its customers “modernize their datacenters and run applications at any scale, on-prem and in the cloud.” The stock peaked in June, 2018 after a 13-month, 310% run-up from an all-time low. The March, 2020 stock market crash briefly took NTNX to a new all-time low. Even … Read more

Above the 40 (March 22, 2019) – Tension Headache: Dovish Fed Fails to Keep Market Complacent to Risks

AT40 = 45.4% of stocks are trading above their respective 40-day moving averages (DMAs) (2+ month low)AT200 = 38.8% of stocks are trading above their respective 200DMAsVIX = 16.5 (20.9% gain)Short-term Trading Call: bearish Stock Market Commentary Friday’s trading action provided delayed confirmation of my short-term bearish trading call. The week previous to the last, … Read more