Above the 40 (November 12, 2018) – First the Brakes, Now the Body Blow: Technical Damage Spreads

AT40 = 35.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 31.6% of stocks are trading above their respective 200DMAs VIX = 20.5 Short-term Trading Call: neutral Commentary via GIPHY The bears took back complete control of the market. Friday, they sent up the warning signal with the screeching of … Read more

Above the 40 (November 9, 2018) – No Time for Comfort As Brakes Screech On the Oversold Bounce

AT40 = 35.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 34.8% of stocks are trading above their respective 200DMAs VIX = 17.4 Short-term Trading Call: bullish Commentary Hold up. Pump the brakes. The bounce from oversold conditions just got more difficult as sellers forced buyers to come to a … Read more

Above the 40 (November 7, 2018) – Exclamation Points for the End of Oversold Trading Conditions

AT40 = 40.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 37.4% of stocks are trading above their respective 200DMAs VIX = 16.4 Short-term Trading Call: bullish Commentary Financial markets made their votes very clear after the U.S. 2018 midterm election. via GIPHY Apparently, today’s rally in the S&P 500 … Read more

Above the 40 (November 2, 2018) – The Bounce from Oversold Survives An Early Test

AT40 = 22.0% of stocks are trading above their respective 40-day moving averages (DMAs) – ends an 11-day oversold period that followed a 4-day oversold period AT200 = 31.6% of stocks are trading above their respective 200DMAs VIX = 19.5 Short-term Trading Call: bullish Commentary If you are a long-term passive index investor, you can … Read more

Above the 40 (October 31, 2018) – Small Bearish Divergence Extends Oversold Period Despite Rallies

AT40 = 16.1% of stocks are trading above their respective 40-day moving averages (DMAs) (as high as 19.95%) – 11th day of oversold period following 4-day oversold period AT200 = 29.6% of stocks are trading above their respective 200DMAs VIX = 21.2 Short-term Trading Call: bullish Commentary The push out of oversold conditions did not … 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 (October 29, 2018) – The Extended Oversold Period Finally Delivers A Bullish Divergence

AT40 = 11.9% of stocks are trading above their respective 40-day moving averages (DMAs) – (as high as 15.6%) 9th day of oversold period following 4-day oversold period AT200 = 25.4% of stocks are trading above their respective 200DMAs (as high as 29.3%) VIX = 24.7 (as high as 27.9) Short-term Trading Call: bullish Commentary … Read more

Above the 40 (October 26, 2018) – Yo-Yo Trading Action Takes the S&P 500 Closer to Declining 200DMA Signal

AT40 = 9.7% of stocks are trading above their respective 40-day moving averages (DMAs) – (as low as 7.6%) 8th day of oversold period following 4-day oversold period AT200 = 25.2% of stocks are trading above their respective 200DMAs (as low as 22.5%) VIX = 24.2 (as high as 27.5) Short-term Trading Call: bullish Commentary … Read more

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