TMST

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

T2108 Update (November 14, 2016) – Market Momentum Hiding in Plain Sight

(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