Stock Market Strengthens Breakaway from Oversold Periods – Above the 40 (April 17, 2020)

AT40 = 34.3% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 12.7% of stocks are trading above their respective 200DMAsVIX = 38.2Short-term Trading Call: cautiously bullish Stock Market Commentary Ever since the S&P 500 (SPY) bearishly broke down below its 50-day moving average (DMA) on February 24th, AT40 (T2108), the … 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

Some Chart Reviews Before Earnings Potentially Change Everything: RAX, MLNX, DBA, JJA, KBH, BBY, IBM, VLO

Technical analysis becomes particularly precarious during earnings season, but there are some intriguing charts I felt compelled to post anyway. Some telling and strong stories here… Rackspace Hosting, Inc. (RAX) RAX has given back all its gains from the initial excitement over the potential for “strategic alternatives.” Bears have added insult to injury by rushing … Read more