The Michaels Companies Inc

A Pause in the Frenzy Ends Stock Market Bid for A Parabolic Run-Up – Above the 40 (September 4, 2020)

Stock Market Statistics AT40 = 54.6% of stocks are trading above their respective 40-day moving averages (DMAs) (intraday low of 45.9% which was solid support in second half of July and early August)AT200 = 46.9% of stocks are trading above their respective 200DMAs VIX = 30.8Short-term Trading Call: cautiously bearish Stock Market Commentary I thought … Read more

New Bearish Divergence Shreds the Stock Trading Script – Above the 40 (August 21, 2020)

AT40 (T2108) is dropping at a rapid clip despite the stock market's melt-up.

Stock Market Statistics AT40 = 60.6% of stocks are trading above their respective 40-day moving averages (DMAs) (ended 7 overbought trading days)AT200 = 42.7% of stocks are trading above their respective 200DMAs VIX = 22.5Short-term Trading Call: cautiously bearish Stock Market Commentary AT40 (T2108), the percentage of stocks trading above their respective 40-day moving averages … Read more