Qualys

Fades and Breakdowns Contradict The Calm of the S&P 500 – Above the 40 (May 7, 2021)

Stock Market Commentary The stock market is a cauldron of contradictions and divergences. Breakdowns below key support levels abound. Stocks suffer post-earnings fades even after companies report strong results, especially in both beaten up growth stocks and resilient big cap tech. Yet, the S&P 500 just rises above the steady erosion of market breadth with … Read more

A New Low in Volatility Brought Fresh Promise to Overbought Stock Market – Above the 40 (February 12, 2021)

Stock Market Commentary After sweeping away bearish signals, the stock market moved right into overbought territory last week. The week started with a small gap up to all-time highs, and the stock market never looked back. More importantly, the volatility index (VIX) hit a new low since the stock market broke down almost a year … Read more

Oversold Stock Market Conditions End With An Immediate Challenge – Above the 40 (September 25, 2020)

Stock Market Statistics AT40 = 23.3% of stocks are trading above their respective 40-day moving averages (DMAs) (ended 2-day oversold period)AT200 = 38.6% of stocks are trading above their respective 200DMAsVIX = 26.4Short-term Trading Call: cautiously bullish Stock Market Commentary The oversold period lasted just two days, a typical length of time for oversold periods. … Read more