Buyers Follow Through On Latest Bullish Signals Despite Targeted Carnage – Above the 40 (March 26, 2021)

Stock Market Commentary Many stocks rebounded sharply from intraday lows on Thursday. The flurry left behind key bullish signals. Buyers did not disappoint on Friday. They delivered strong follow through on the latest bullish signals even as sections of the market suffered targeted carnage. Indeed, the ability to ignore the targeted carnage was itself another … Read more

The Stock Market’s Garden Grows More Weeds In Sell-Off – Above the 40 (September 8, 2020)

Stock Market Statistics AT40 = 42.5% of stocks are trading above their respective 40-day moving averages (DMAs) (2-month low)AT200 = 42.1% of stocks are trading above their respective 200DMAs (2 1/2 week low)VIX = 31.5Short-term Trading Call: cautiously bearish Stock Market Commentary The swift stock market sell-off took a fresh turn for the worse. AT200 … Read more

Stock Market Breaks Out to Overbought Territory Yet Again – Above the 40 (May 18, 2020)

Stock Market Statistics AT40 = 75.0% of stocks are trading above their respective 40-day moving averages (DMAs) (first oversold day)AT200 = 18.4% of stocks are trading above their respective 200DMAsVIX = 29.3Short-term Trading Call: neutral Stock Market Commentary Buyers followed through on the building momentum from the previous two trading days which drew a line … Read more

Crash Culture – A Warning In Negative Oil Prices – Above the 40 (April 20, 2020)

AT40 = 30.6% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 11.7% of stocks are trading above their respective 200DMAsVIX = 43.8Short-term Trading Call: cautiously bullish Stock Market Commentary The culture of collapse that has accompanied the coronavirus pandemic reached new lows. The on-going collapse in oil prices reached new … Read more

Green Shoots Push Into the Next Downtrend Threatening to Trample Stocks – Above the 40 (March 27, 2020)

AT40 = 3.8% of stocks are trading above their respective 40-day moving averages (DMAs) (23rd oversold day)AT200 = 5.0% of stocks are trading above their respective 200DMAs (new low for the oversold period)VIX = 65.5Short-term Trading Call: bullish Stock Market Commentary First a dose of hope: “Coronavirus treatment: Palo Alto woman recovers from coronavirus after … Read more

Second Derivative Selling Produces A Stock Market Crash – Above the 40 (March 9, 2020)

AT40 = 4.2% of stocks are trading above their respective 40-day moving averages (DMAs) (9th oversold day)AT200 = 11.4% of stocks are trading above their respective 200DMAsVIX = 54.5Short-term Trading Call: bullish Stock Market Commentary The Shake and Bake bottom completely collapsed on Monday in the face of massive second derivative selling. The stock market … Read more

An Ugly Weekly Gain for An Extremely Oversold Stock Market – Above the 40 (March 6, 2020)

AT40 = 9.4% of stocks are trading above their respective 40-day moving averages (DMAs) (8th oversold day)AT200 = 23.2% of stocks are trading above their respective 200DMAsVIX = 41.9Short-term Trading Call: bullish Stock Market Commentary The Shake and Bake bottom barely held as support last week. It was a week of dramatic ups and downs … Read more

A Sharp Market Rebound, Too Many Stocks Left Behind – Above the 40 (February 7, 2020)

AT40 = 47.7% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 54.9% of stocks are trading above their respective 200DMAs VIX = 15.5Short-term Trading Call: bearish (from cautiously bearish) Stock Market Commentary The major indices managed to swing to all-time highs last week, but I still see signs of a … Read more

Resilience Cracks: Market’s Bearish Divergence Ends In Topping Pattern – Above the 40 (January 24, 2020)

AT40 = 52.2% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 58.2% of stocks are trading above their respective 200DMAs VIX = 14.6Short-term Trading Call: neutral Stock Market Commentary The stock market finally pushed into overbought territory on Thursday, January 16th. The breakout quickly turned into a bust with AT40 (T2108), … Read more

Global X Nigeria Index ETF: Bargain Shoppers Pay A Visit

I have been waiting since September, 2018 for the next opportunity to buy back into Nigeria through the Global X Nigeria Index ETF (NGE). The moment for me to buy is finally here. NGE has printed all the encouraging signs of a tradeable bottom: A double bottom: August to October, 2019 at the all-time lows. … Read more