Above the 40 (December 20, 2018) – Oversold Chronicles: Small-Caps Tumble Toward A Post-Election Reversal

AT40 = 9.4% of stocks are trading above their respective 40-day moving averages (DMAs) (oversold day #5, 35-month low!)AT200 = 12.8% of stocks are trading above their respective 200DMAs (new 34-month low)VIX = 28.4 (10-month high, intraday high at 30.3)Short-term Trading Call: bullish (caveats below!) Commentary The plunge continues. AT40 (T2108), the percentage of stocks … Read more

Awaiting the Next Sell Signal As the S&P 500 Enters the Season’s “Danger Zone”

(This is an excerpt from an article I originally published on Seeking Alpha on August 8, 2016. Click here to read the entire piece.) Almost a year ago, I wrote about an interesting signal that tends to accompany a significant top in the S&P 500 (SPY) – “significant” meaning preceding a sell-off of 10% or … Read more

T2108 Update (August 2, 2016) – From Bearish Divergence to Breakdown

(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 (July 22, 2016) – No Dollar, No Oil Have Stopped A Steady Drift of New Highs

(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 (June 28, 2016) – Brexit Relief Bounds from Oversold’s Edge

(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 11, 2016) – A Subtle Market Panic May Signal Imminent End of Oversold Period

(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, 2016) – Oversold and Dangerous Redux

(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 6, 2016) – The S&P 500 Hits 3-Month Low But Still Not Oversold

(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 (December 23, 2015) – A Timely Bounce for the S&P 500

(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 (September 28, 2015) – Oversold Part 3: Sellers Take Control And Reset My Targets

(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