A Close Call for Trading In the Extended Overbought Stock Market – Above the 40 (December 22, 2020)

AT40 (T2108) opened the day right on top of the 70% threshold for overbought conditions.

Stock Market Commentary The U.S. stock market quickly rebounded from the weekend’s jolt of pandemic news from Europe. The initial bout of selling created a close call for the extended overbought period. The comeback of buying picked the stock market off the threshold for overbought conditions but a sustained survival remains unsettled. While buyers convincingly … Read more

The Stock Market Pushes Through Its 50DMA Resistance – Above the 40 (September 28, 2020)

Stock Market Statistics AT40 = 33.6% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 42.6% of stocks are trading above their respective 200DMAs VIX = 26.2 Short-term Trading Call: cautiously bullish Stock Market Commentary The major indices bounced out of oversold trading conditions only to face down the immediate challenge … Read more

Stock Market Launches Deeply Into Overbought Trading Conditions – Above the 40 (April 29, 2020)

AT40 (T2108) soared to 82.6% and started overbought conditions at extreme levels.

Stock Market Statistics AT40 = 82.6% of stocks are trading above their respective 40-day moving averages (DMAs) (first oversold day)AT200 = 17.7% of stocks are trading above their respective 200DMAsVIX = 31.2Short-term Trading Call: neutral Stock Market Commentary On Tuesday, AT40 (T2108), the percentage of stocks trading above their respective 40-day moving averages (DMAs), rallied … Read more