{"id":17751,"date":"2013-04-28T15:32:31","date_gmt":"2013-04-28T22:32:31","guid":{"rendered":"http:\/\/drduru.com\/onetwentytwo\/?p=17751"},"modified":"2013-04-29T10:59:42","modified_gmt":"2013-04-29T17:59:42","slug":"t2108-update-130426","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2013\/04\/28\/t2108-update-130426\/","title":{"rendered":"T2108 Update (April 26, 2013) &#8211; Burden of Proof Shifts to the Bulls"},"content":{"rendered":"<p>(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are highly likely to reverse. To learn more about it, see my <a href=\"http:\/\/www.drduru.com\/money\/T2108.htm\">T2108 Resource Page<\/a>. You can <a href=\"http:\/\/twitter.com\/#!\/search\/%23T2108\">follow real-time T2108 commentary<\/a> on twitter using the #T2108 hashtag. T2108-related trades and other trades are posted on twitter using <a href=\"http:\/\/twitter.com\/#!\/search\/%23120trade\" target=\"_blank\">the #120trade hashtag<\/a>)<\/p>\n<p><strong>T2108 Status<\/strong>: 59.2%<br \/>\n<strong>VIX Status<\/strong>: 13.6<br \/>\n<strong>General (Short-term) Trading Call<\/strong>: Hold with caution and take some profits<\/p>\n<p><strong>Reference Charts<\/strong> (click for view of last 6 months from Stockcharts.com):<br \/>\n<a href=\"http:\/\/stockcharts.com\/h-sc\/ui?s=$SPX&#038;p=D&#038;st=2012-10-26&#038;en=2013-04-26&#038;id=p14085208538\" title=\"6-month chart of the S&#038;P 500\" target=\"_blank\">S&#038;P 500<\/a> or <a href=\"http:\/\/stockcharts.com\/h-sc\/ui?s=SPY&#038;p=D&#038;st=2012-10-26&#038;en=2013-04-26&#038;id=p14085208538\" title=\"6-month chart of SPY\" target=\"_blank\">SPY<\/a><br \/>\n<a href=\"http:\/\/stockcharts.com\/h-sc\/ui?s=SDS&#038;p=D&#038;st=2012-10-26&#038;en=2013-04-26&#038;id=p15880085697\" title=\"6-month chart of SDS\" target=\"_blank\">SDS<\/a> (ProShares UltraShort S&#038;P500)<br \/>\n<a href=\"http:\/\/stockcharts.com\/h-sc\/ui?s=$USD&#038;p=D&#038;st=2012-10-26&#038;en=2013-04-26&#038;id=p25615696567\" title=\"6-month chart of the U.S. dollar\" target=\"_blank\">U.S. Dollar Index<\/a> (volatility index)<br \/>\n<a href=\"http:\/\/stockcharts.com\/h-sc\/ui?s=$VIX&#038;p=D&#038;st=2012-10-26&#038;en=2013-04-26&#038;id=p25615696567\" title=\"6-month chart of the VIX\" target=\"_blank\">VIX<\/a> (volatility index)<br \/>\n<a href=\"http:\/\/stockcharts.com\/h-sc\/ui?s=VXX&#038;p=D&#038;st=2012-10-26&#038;en=2013-04-26&#038;id=p15880085697\" title=\"6-month chart of VXX\" target=\"_blank\">VXX<\/a> (iPath S&#038;P 500 VIX Short-Term Futures ETN)<br \/>\n<a href=\"http:\/\/stockcharts.com\/h-sc\/ui?s=EWG&#038;p=D&#038;st=2012-10-26&#038;en=2013-04-26&#038;id=p15880085697\" title=\"6-month chart of EWG\" target=\"_blank\">EWG<\/a> (iShares MSCI Germany Index Fund)<br \/>\n<a href=\"http:\/\/stockcharts.com\/h-sc\/ui?s=CAT&#038;p=D&#038;st=2012-10-26&#038;en=2013-04-26&#038;id=p15880085697\" title=\"6-month chart of CAT\" target=\"_blank\">CAT<\/a> (Caterpillar)<\/p>\n<p><strong>Commentary<\/strong><br \/>\nA LOT has happened in the week since <a href=\"http:\/\/drduru.com\/onetwentytwo\/2013\/04\/19\/t2108-update-130418\/\" target=\"_blank\">I last wrote a T2108 Update<\/a>. Through it all, the S&#038;P 500 (SPY) has steadily marched higher with a near picture-perfect bounce off its 50DMA.<\/p>\n<p><center><br \/>\n<figure id=\"attachment_17752\" aria-describedby=\"caption-attachment-17752\" style=\"width: 490px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/04\/130426_SP500.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/04\/130426_SP500.png\" alt=\"The S&amp;P 500 continues its rally with a firm bounce off 50DMA support\" title=\"The S&amp;P 500 continues its rally with a firm bounce off 50DMA support\" width=\"500\" height=\"350\" class=\"size-full wp-image-17752\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/04\/130426_SP500.png 500w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/04\/130426_SP500-300x210.png 300w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/a><figcaption id=\"caption-attachment-17752\" class=\"wp-caption-text\">The S&P 500 continues its rally with a firm bounce off 50DMA support<\/figcaption><\/figure><br \/>\n<\/center><\/p>\n<p>This bounce turned the trade on quasi-oversold conditions into a very profitable one. I sold 70% of my SSO calls on Thursday as the S&#038;P 500 stretched for its upper-Bollinger Band (I erroneously reported on twitter that I only sold 50% of them). I had been very patient up until then waiting for the S&#038;P 500 to deliver and figured it was time to lock in some profits with the index at such a critical test. The S&#038;P 500 just barely avoided a red flag warning of a potential double top the next day (Friday, April 26th). The lows stopped right at the previous day&#8217;s low, thus preserving the upward momentum. A lower close would have signified a follow-through fade from Thursday&#8217;s failure at resistance at the all-time highs. <\/p>\n<p>This is important because the Japanese yen (FXY) seems to have made a potential double-top against the U.S. dollar (USD\/JPY).<\/p>\n<p><figure id=\"attachment_17754\" aria-describedby=\"caption-attachment-17754\" style=\"width: 490px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/04\/130426_USDJPY.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/04\/130426_USDJPY.png\" alt=\"Has the persistent weakness of the Japanese yen finally come to an end?\" title=\"Has the persistent weakness of the Japanese yen finally come to an end?\" width=\"500\" height=\"350\" class=\"size-full wp-image-17754\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/04\/130426_USDJPY.png 500w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/04\/130426_USDJPY-300x210.png 300w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/a><figcaption id=\"caption-attachment-17754\" class=\"wp-caption-text\">Has the persistent weakness of the Japanese yen finally come to an end?<\/figcaption><\/figure><br \/>\n<\/center><\/p>\n<p>Ever since the S&#038;P 500 rallied off the post-election lows last October, there has been a tight correlation between S&#038;P 500 strength and Japanese yen weakness. This does NOT necessarily say that the carry trade &#8211; the borrowing of yen to purchase the S&#038;P 500 &#8211; has lifted the stock market ever higher. The correlation between the yen and the S&#038;P 500 was not high before the election; moreover, a lot of markets have gone higher over this time period, and it is not likely yen are being used to buy up all these markets. <\/p>\n<p><center><br \/>\n<figure id=\"attachment_17756\" aria-describedby=\"caption-attachment-17756\" style=\"width: 490px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/04\/130426_SP500vsUSDJPY.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/04\/130426_SP500vsUSDJPY.png\" alt=\"The near perfect correlation between USD\/JPY and the S&amp;P 500 is relatively recent\" title=\"The near perfect correlation between USD\/JPY and the S&amp;P 500 is relatively recent\" width=\"500\" height=\"350\" class=\"size-full wp-image-17756\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/04\/130426_SP500vsUSDJPY.png 500w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/04\/130426_SP500vsUSDJPY-300x210.png 300w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/a><figcaption id=\"caption-attachment-17756\" class=\"wp-caption-text\">The near perfect correlation between USD\/JPY and the S&P 500 is relatively recent<\/figcaption><\/figure><br \/>\n<\/center><\/p>\n<p>A confirmed double-top in USD\/JPY &#8211; a break below the low following the first top (around 96) &#8211; could impact trading psychology a lot, especially with May right around the corner. Seeing the S&#038;P 500 struggle with printing fresh all-time highs will all but confirm for many traders that it is indeed time to &#8220;sell in May and go away.&#8221; I will be watching very carefully the behavior on both sides of the equation. The burden of proof rests firmly with the bulls now.<\/p>\n<p>T2108 dropped for the first time since it printed a quasi-oversold condition over a week ago at 37.2%. Before this drop, an overbought condition for the coming week seemed all but certain. This is now the sixth day in the 40% &#8220;overperiod.&#8221; <\/p>\n<p><center><br \/>\n<figure id=\"attachment_17758\" aria-describedby=\"caption-attachment-17758\" style=\"width: 394px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/04\/130426_T210840PctOverPeriod.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/04\/130426_T210840PctOverPeriod.png\" alt=\"The T2108 40% &quot;over-period&quot;\" title=\"The T2108 40% &quot;over-period&quot;\" width=\"404\" height=\"352\" class=\"size-full wp-image-17758\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/04\/130426_T210840PctOverPeriod.png 404w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/04\/130426_T210840PctOverPeriod-300x261.png 300w\" sizes=\"auto, (max-width: 404px) 100vw, 404px\" \/><\/a><figcaption id=\"caption-attachment-17758\" class=\"wp-caption-text\">The T2108 40% &quot;over-period&quot;<\/figcaption><\/figure><br \/>\n<\/center><\/p>\n<p>This part of the new T2108 Model suggests that there is still a downward bias to trading IF T2108 drops below 40%. I ignored this possibility last week in order to pursue the bounce from quasi-oversold conditions as far as it would take me. The important lesson here as I continue to refine the model is that I cannot read too much into signals that do not provide a definitive recommendation. In the case of these over\/under-periods, the prescription is conditioned on an event &#8211; the end of the period &#8211; that itself does not have a prediction model. I can use the mean duration of the T2108 40% over-period of just under 50 days and the median duration of around 10 days to trigger a FIRST bearish trade as the odds favor an end to the 40% over-period. But after the 50th trading day (10 weeks!) the bias must be bullish given the high likelihood that the S&#038;P 500 will still provide positive returns when T2108 next drops below 40% (it of course somewhat depends on how large the S&#038;P 500 gains get DURING the over-period). However, by then, I should find other over-periods much more informative (like 70% where T2108 will be officially overbought).<\/p>\n<p>This complicated reality also creates the need for finding other prediction models that are at least as powerful as the quasi-oversold model. As always, stay tuned!<\/p>\n<p><center><br \/>\n<strong>Daily T2108 vs the S&#038;P 500<\/strong><br \/>\n<img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.drduru.com\/money\/charts\/T2108-daily_s.png\" width=\"500\" height=\"350\" alt=\"T2108 vs. the S&#038;P 500 (DAILY)\" title=\"T2108 vs. the S&#038;P 500 (DAILY)\"><\/p>\n<p>Black line: T2108 (measured on the right); Green line: S&#038;P 500 (for comparative purposes)<br \/>\nRed line: T2108 Overbought (70%); Blue line: T2108 Oversold (20%)<br \/>\n<\/center><\/p>\n<p><center><br \/>\n<strong>Weekly T2108<\/strong><br \/>\n<a href=\"http:\/\/www.drduru.com\/money\/charts\/T2108-weekly_s.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.drduru.com\/money\/charts\/T2108-weekly_s.png\" width=\"500\" height=\"350\" alt=\"Weekly T2108\" title=\"Weekly T2108\"><br \/>\n*<strong>All charts created using <a href=\"http:\/\/www.freestockcharts.com\/\" title=\"Freestockcharts.com\" target=\"_blank\">freestockcharts.com<\/a><\/strong> unless otherwise stated<\/a><br \/>\n<\/center><\/p>\n<p><strong>Related links:<\/strong><br \/>\n<a href=\"http:\/\/www.drduru.com\/money\/T2108.htm\">The T2108 Resource Page<\/a><br \/>\n<a href=\"http:\/\/www.drduru.com\/money\/charts\/T2108-daily.jpg\">Expanded daily chart of T2108 versus the S&#038;P 500<\/a><br \/>\n<a href=\"http:\/\/www.drduru.com\/money\/charts\/T2108-weekly.jpg\">Expanded weekly chart of T2108 <\/a><\/p>\n<p>Be careful out there!<\/p>\n<p>Full disclosure: long SSO calls, long USD\/JPY<\/p>\n","protected":false},"excerpt":{"rendered":"<p>(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are highly likely to reverse. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades &#8230; <a title=\"T2108 Update (April 26, 2013) &#8211; Burden of Proof Shifts to the Bulls\" class=\"read-more\" href=\"https:\/\/drduru.com\/onetwentytwo\/2013\/04\/28\/t2108-update-130426\/\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[20,135,1154,62],"tags":[513,138,65,226,1597,454],"class_list":["post-17751","post","type-post","status-publish","format-standard","hentry","category-forex","category-stock-market-trading","category-t2108-model","category-technical-analysis","tag-fxy","tag-japanese-yen","tag-sp-500","tag-t2108","tag-technical-analysis","tag-usdjpy"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>T2108 Update (April 26, 2013) - Burden of Proof Shifts to the Bulls - ONE-TWENTY TWO: Trading Financial Markets<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/drduru.com\/onetwentytwo\/2013\/04\/28\/t2108-update-130426\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"T2108 Update (April 26, 2013) - Burden of Proof Shifts to the Bulls - ONE-TWENTY TWO: Trading Financial Markets\" \/>\n<meta property=\"og:description\" content=\"(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are highly likely to reverse. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades ... Read more\" \/>\n<meta property=\"og:url\" content=\"https:\/\/drduru.com\/onetwentytwo\/2013\/04\/28\/t2108-update-130426\/\" \/>\n<meta property=\"og:site_name\" content=\"ONE-TWENTY TWO: Trading Financial Markets\" \/>\n<meta property=\"article:published_time\" content=\"2013-04-28T22:32:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2013-04-29T17:59:42+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/04\/130426_SP500.png\" \/>\n<meta name=\"author\" content=\"Dr. Duru\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@drduru\" \/>\n<meta name=\"twitter:site\" content=\"@drduru\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Dr. Duru\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2013\\\/04\\\/28\\\/t2108-update-130426\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2013\\\/04\\\/28\\\/t2108-update-130426\\\/\"},\"author\":{\"name\":\"Dr. Duru\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\"},\"headline\":\"T2108 Update (April 26, 2013) &#8211; Burden of Proof Shifts to the Bulls\",\"datePublished\":\"2013-04-28T22:32:31+00:00\",\"dateModified\":\"2013-04-29T17:59:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2013\\\/04\\\/28\\\/t2108-update-130426\\\/\"},\"wordCount\":912,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\"},\"image\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2013\\\/04\\\/28\\\/t2108-update-130426\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2013\\\/04\\\/130426_SP500.png\",\"keywords\":[\"FXY\",\"Japanese yen\",\"S&amp;P 500\",\"T2108\",\"Technical Analysis\",\"USD\\\/JPY\"],\"articleSection\":[\"Forex\",\"Stock Market Trading\",\"T2108 Model\",\"Technical Analysis\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2013\\\/04\\\/28\\\/t2108-update-130426\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2013\\\/04\\\/28\\\/t2108-update-130426\\\/\",\"url\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2013\\\/04\\\/28\\\/t2108-update-130426\\\/\",\"name\":\"T2108 Update (April 26, 2013) - Burden of Proof Shifts to the Bulls - ONE-TWENTY TWO: Trading Financial Markets\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2013\\\/04\\\/28\\\/t2108-update-130426\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2013\\\/04\\\/28\\\/t2108-update-130426\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2013\\\/04\\\/130426_SP500.png\",\"datePublished\":\"2013-04-28T22:32:31+00:00\",\"dateModified\":\"2013-04-29T17:59:42+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2013\\\/04\\\/28\\\/t2108-update-130426\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2013\\\/04\\\/28\\\/t2108-update-130426\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2013\\\/04\\\/28\\\/t2108-update-130426\\\/#primaryimage\",\"url\":\"http:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2013\\\/04\\\/130426_SP500.png\",\"contentUrl\":\"http:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2013\\\/04\\\/130426_SP500.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2013\\\/04\\\/28\\\/t2108-update-130426\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"T2108 Update (April 26, 2013) &#8211; Burden of Proof Shifts to the Bulls\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#website\",\"url\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/\",\"name\":\"ONE-TWENTY TWO: Trading Financial Markets\",\"description\":\"Exploring the poetry in financial markets for students of money and economy since the year 2000.\",\"publisher\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":[\"Person\",\"Organization\"],\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\",\"name\":\"Dr. Duru\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2018\\\/09\\\/cropped-masthead-header.jpg\",\"url\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2018\\\/09\\\/cropped-masthead-header.jpg\",\"contentUrl\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2018\\\/09\\\/cropped-masthead-header.jpg\",\"width\":900,\"height\":100,\"caption\":\"Dr. Duru\"},\"logo\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2018\\\/09\\\/cropped-masthead-header.jpg\"},\"sameAs\":[\"http:\\\/\\\/www.drduru.com\\\/onetwentytwo\",\"https:\\\/\\\/www.instagram.com\\\/drduru_market_breadth\\\/\",\"https:\\\/\\\/x.com\\\/drduru\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"T2108 Update (April 26, 2013) - Burden of Proof Shifts to the Bulls - ONE-TWENTY TWO: Trading Financial Markets","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/drduru.com\/onetwentytwo\/2013\/04\/28\/t2108-update-130426\/","og_locale":"en_US","og_type":"article","og_title":"T2108 Update (April 26, 2013) - Burden of Proof Shifts to the Bulls - ONE-TWENTY TWO: Trading Financial Markets","og_description":"(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are highly likely to reverse. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades ... Read more","og_url":"https:\/\/drduru.com\/onetwentytwo\/2013\/04\/28\/t2108-update-130426\/","og_site_name":"ONE-TWENTY TWO: Trading Financial Markets","article_published_time":"2013-04-28T22:32:31+00:00","article_modified_time":"2013-04-29T17:59:42+00:00","og_image":[{"url":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/04\/130426_SP500.png","type":"","width":"","height":""}],"author":"Dr. Duru","twitter_card":"summary_large_image","twitter_creator":"@drduru","twitter_site":"@drduru","twitter_misc":{"Written by":"Dr. Duru","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/drduru.com\/onetwentytwo\/2013\/04\/28\/t2108-update-130426\/#article","isPartOf":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2013\/04\/28\/t2108-update-130426\/"},"author":{"name":"Dr. Duru","@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0"},"headline":"T2108 Update (April 26, 2013) &#8211; Burden of Proof Shifts to the Bulls","datePublished":"2013-04-28T22:32:31+00:00","dateModified":"2013-04-29T17:59:42+00:00","mainEntityOfPage":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2013\/04\/28\/t2108-update-130426\/"},"wordCount":912,"commentCount":0,"publisher":{"@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0"},"image":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2013\/04\/28\/t2108-update-130426\/#primaryimage"},"thumbnailUrl":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/04\/130426_SP500.png","keywords":["FXY","Japanese yen","S&amp;P 500","T2108","Technical Analysis","USD\/JPY"],"articleSection":["Forex","Stock Market Trading","T2108 Model","Technical Analysis"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/drduru.com\/onetwentytwo\/2013\/04\/28\/t2108-update-130426\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/drduru.com\/onetwentytwo\/2013\/04\/28\/t2108-update-130426\/","url":"https:\/\/drduru.com\/onetwentytwo\/2013\/04\/28\/t2108-update-130426\/","name":"T2108 Update (April 26, 2013) - Burden of Proof Shifts to the Bulls - ONE-TWENTY TWO: Trading Financial Markets","isPartOf":{"@id":"https:\/\/drduru.com\/onetwentytwo\/#website"},"primaryImageOfPage":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2013\/04\/28\/t2108-update-130426\/#primaryimage"},"image":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2013\/04\/28\/t2108-update-130426\/#primaryimage"},"thumbnailUrl":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/04\/130426_SP500.png","datePublished":"2013-04-28T22:32:31+00:00","dateModified":"2013-04-29T17:59:42+00:00","breadcrumb":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2013\/04\/28\/t2108-update-130426\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/drduru.com\/onetwentytwo\/2013\/04\/28\/t2108-update-130426\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/drduru.com\/onetwentytwo\/2013\/04\/28\/t2108-update-130426\/#primaryimage","url":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/04\/130426_SP500.png","contentUrl":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/04\/130426_SP500.png"},{"@type":"BreadcrumbList","@id":"https:\/\/drduru.com\/onetwentytwo\/2013\/04\/28\/t2108-update-130426\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/drduru.com\/onetwentytwo\/"},{"@type":"ListItem","position":2,"name":"T2108 Update (April 26, 2013) &#8211; Burden of Proof Shifts to the Bulls"}]},{"@type":"WebSite","@id":"https:\/\/drduru.com\/onetwentytwo\/#website","url":"https:\/\/drduru.com\/onetwentytwo\/","name":"ONE-TWENTY TWO: Trading Financial Markets","description":"Exploring the poetry in financial markets for students of money and economy since the year 2000.","publisher":{"@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/drduru.com\/onetwentytwo\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":["Person","Organization"],"@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0","name":"Dr. Duru","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/09\/cropped-masthead-header.jpg","url":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/09\/cropped-masthead-header.jpg","contentUrl":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/09\/cropped-masthead-header.jpg","width":900,"height":100,"caption":"Dr. Duru"},"logo":{"@id":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/09\/cropped-masthead-header.jpg"},"sameAs":["http:\/\/www.drduru.com\/onetwentytwo","https:\/\/www.instagram.com\/drduru_market_breadth\/","https:\/\/x.com\/drduru"]}]}},"_links":{"self":[{"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts\/17751","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/comments?post=17751"}],"version-history":[{"count":11,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts\/17751\/revisions"}],"predecessor-version":[{"id":17768,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts\/17751\/revisions\/17768"}],"wp:attachment":[{"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/media?parent=17751"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/categories?post=17751"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/tags?post=17751"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}