VIXY

Second Derivative Selling Reverses More Stock Market Breakouts – Above the 40 (February 27, 2020)

AT40 (T2108) plunged from 18.5% to 9.4% to become deeply oversold.

AT40 = 9.2% of stocks are trading above their respective 40-day moving averages (DMAs) (oversold day #2)AT200 = 26.8% of stocks are trading above their respective 200DMAs (near 13-month low)VIX = 39.2 (up 42.1%)Short-term Trading Call: bullish Stock Market Commentary Oversold The stock market is only into its second oversold day, but the technical extreme … Read more

A Resilient Stock Market Barely Blinks At Fresh Bearish Signals – Above the 40 (January 3, 2020)

The S&P 500 (SPY) lost 0.7% and closed right at the lower boundary of its upper Bollinger Band. The pattern left behind an island reversal.

AT40 = 63.5% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 60.3% of stocks are trading above their respective 200DMAsVIX = 14.0Short-term Trading Call: neutral Stock Market Commentary The stock market started the new decade with wild swings. After starting the first trading day of the decade with a 0.8% gain … Read more