Follow-Through Trades: Housing Drags, Tech Brags

The Follow-Through Intro Stocks and Indices Covered S&P 500 (SPY) Nasdaq (COMPQX) iShares Trust Russell 2000 Index ETF (IWM) volatility index (VIX) Alphabet (GOOG) Brinker International (EAT) Caterpillar Inc (CAT) NASDAQ (COMPQX) Coupa Software Incorporated (COUP) Citigroup (C) Deere & Company (DE) Financial Select Sector SPDR Fund (XLF) Hovnanian Enterprises Inc. (HOV) iShares 20+ Year … Read more

Key Stock Sectors Missed A Breakout In Market Breadth – Above the 40 (June 11, 2021)

Stock Market Commentary The stock market struggled for months against the downtrend line on market breadth. The struggle ended last week. My favorite technical indicator of breadth AT40 (T2108) broke out and closed the week at 61.9%. Now I start a countdown toward a test of the overbought threshold. However, several sectors dampened the week’s … Read more

Stock Market Battle Royale: Regime Change Or A Big, Bad Bubble? – Above the 40 (January 26, 2021)

Stock Market Commentary After the stock market ended its last overbought period, I hesitated to drop my short-term trading call back to bearish. Three days later and the market has yet to snap back into overbought trading conditions. As the major indices levitate, my favorite breadth indicator, AT40 (T2108), the percentage of stocks trading above … Read more

Stocks Hold A Tenuous Grip On Overbought Trading Conditions – Above the 40 (January 15, 2021)

Stock Market Commentary A liquidity-driven bounce off support took a small breather last week. The major stock market indices ended the week with a small loss. On the way there, overbought trading conditions ended for a day. As the major indices languished, the stock market dipped in and out of overbought conditions on an intraday … Read more

Stocks Wind Back Up – Above the 40 (July 31, 2020)

Stock Market Statistics AT40 = 51.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 35.6% of stocks are trading above their respective 200DMAs VIX = 24.5Short-term Trading Call: neutral Stock Market Commentary Major League Baseball (MLB) may be forced to wind back down, but stocks look like they are winding … Read more