Above the 40 (June 8, 2017) – The Market’s Bullish Push Through Thursday’s Trifecta

AT40 = 52.1% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 55.4% of stocks are trading above their respective 200DMAs VIX = 10.2 (volatility index) Short-term Trading Call: cautiously bullish Commentary One out of three. The last event of Thursday’s Trifecta had the only notable impact on financial markets. With … Read more

Above the 40 (May 31, 2017) – The S&P 500 Makes A Signature Close to May Trading

AT40 = 43.8% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 52.6% of stocks are trading above their respective 200DMAs VIX = 10.4 (volatility index) Short-term Trading Call: cautiously bullish Commentary And just like that, the stock market made it even harder for me to keep a bullish bias on … Read more

Above the 40 (May 26, 2017) – The S&P 500 Hits More All-Time Highs Floating On Pillows of Caution

AT40 = 47.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 55.3% of stocks are trading above their respective 200DMAs VIX = 9.8 (volatility index) Short-term Trading Call: cautiously bullish Commentary I should no longer be amazed, but I am still amazed: the inability of sellers to generate follow-through in … Read more

Above the 40 (May 19, 2017) – The Nut Job Stock Market: Nutty By Nature

AT40 = 42.8% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 54.3% of stocks are trading above their respective 200DMAs VIX = 12.0 (volatility index) – a 17.9% decrease Short-term Trading Call: neutral (bullish only after the latest Trump Turmoil reverses OR oversold conditions, potentially bearish upon a retest of … Read more

Above the 40 (May 17, 2017) – One Day Suffices: S&P 500 Breakdown Lands the French Fly With A Thud

AT40 = 36.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 51.2% of stocks are trading above their respective 200DMAs VIX = 15.6 (volatility index) – a 46.4% increase!!! Short-term Trading Call: neutral (downgrade from cautiously bullish) Commentary Time to downgrade my cautious bullishness to neutral. The S&P 500 (SPY) … Read more

Above the 40 (May 3, 2017) – Technical Setbacks Masked By Gains for Financials and Apple Comeback

AT40 = 53.0% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 59.0% of stocks are trading above their respective 200DMAs VIX = 10.7 (volatility index) Short-term Trading Call: bullish Commentary The Federal Reserve effectively reaffirmed its commitment to two more rate hikes this year. The S&P 500 (SPY) yawned, but … Read more

Above the 40 (May 2, 2017) – Tech Stocks Snatch Center Stage As the Rest of the Market Awaits the Fed

AT40 = 58.3% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 61.1% of stocks are trading above their respective 200DMAs VIX = 10.6 (volatility index) Short-term Trading Call: bullish Commentary At the end of April, I noted how the stock market headed into May trading with a mix of alerts. … Read more

Gold and Silver Lag A Market Wavering On Two More Rate Hikes for 2017

Market expectations for a June rate hike remain as solid as ever. However, expectations for two more rate hikes in 2017 have wavered. A day ahead of the release of the next decision on monetary policy from the U.S. Federal Reserve, Fed Fund futures pricing in two rate hikes by December (assuming 25 basis point … Read more

Above the 40 (April 28, 2017) – A Confirmed Fade from Overbought Raises A Mixed May Alert

AT40 = 58.0% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 62.0% of stocks are trading above their respective 200DMAs VIX = 10.8 (volatility index) Short-term Trading Call: bullish Commentary The last week of trading for April transitioned readily from the French Fly that sent financial markets into celebratory dances … Read more

Above the 40 (April 25, 2017) – The S&P 500 Follows Through And Scratches Overbought Levels

AT40 = 67.2% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 65.1% of stocks are trading above their respective 200DMAs VIX = 10.8 (volatility index) Short-term Trading Call: bullish Commentary The French Fly continued apace as financial markets continued to celebrate. In my previous post, I failed to post a … Read more