{"id":19692,"date":"2013-09-08T08:37:09","date_gmt":"2013-09-08T15:37:09","guid":{"rendered":"http:\/\/drduru.com\/onetwentytwo\/?p=19692"},"modified":"2013-09-08T08:38:30","modified_gmt":"2013-09-08T15:38:30","slug":"t2108-update-130906","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2013\/09\/08\/t2108-update-130906\/","title":{"rendered":"T2108 Update (September 6, 2013) &#8211; A Market That Still Wants to Go Up"},"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 gap down 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>: 32.9%<br \/>\n<strong>VIX Status<\/strong>: 15.9 (surprisingly flat)<br \/>\n<strong>General (Short-term) Trading Call<\/strong>: Hold. Get ready for buying into oversold conditions.<br \/>\n<strong>Active T2108 periods<\/strong>: Day #50 over 20% (overperiod), Day #14 under 40%, Day #74 under 70%<\/p>\n<p><strong>Reference Charts<\/strong> (click for view of last 6 months from Stockcharts.com):<br \/>\n<a title=\"6-month chart of the S&amp;P 500\" href=\"http:\/\/stockcharts.com\/h-sc\/ui?s=$SPX&amp;p=D&amp;st=2013-03-06&amp;en=2013-09-06&amp;id=p14085208538\" target=\"_blank\">S&amp;P 500<\/a> or <a title=\"6-month chart of SPY\" href=\"http:\/\/stockcharts.com\/h-sc\/ui?s=SPY&amp;p=D&amp;st=2013-03-06&amp;en=2013-09-06&amp;id=p14085208538\" target=\"_blank\">SPY<\/a><br \/>\n<a title=\"6-month chart of SDS\" href=\"http:\/\/stockcharts.com\/h-sc\/ui?s=SDS&amp;p=D&amp;st=2013-03-06&amp;en=2013-09-06&amp;id=p15880085697\" target=\"_blank\">SDS<\/a> (ProShares UltraShort S&amp;P500)<br \/>\n<a title=\"6-month chart of the U.S. dollar\" href=\"http:\/\/stockcharts.com\/h-sc\/ui?s=$USD&amp;p=D&amp;st=2013-03-06&amp;en=2013-09-06&amp;id=p25615696567\" target=\"_blank\">U.S. Dollar Index<\/a> (volatility index)<br \/>\n<a title=\"6-month chart of the VIX\" href=\"http:\/\/stockcharts.com\/h-sc\/ui?s=$VIX&amp;p=D&amp;st=2013-03-06&amp;en=2013-09-06&amp;id=p25615696567\" target=\"_blank\">VIX<\/a> (volatility index)<br \/>\n<a title=\"6-month chart of VXX\" href=\"http:\/\/stockcharts.com\/h-sc\/ui?s=VXX&amp;p=D&amp;st=2013-03-06&amp;en=2013-09-06&amp;id=p15880085697\" target=\"_blank\">VXX<\/a> (iPath S&amp;P 500 VIX Short-Term Futures ETN)<br \/>\n<a title=\"6-month chart of EWG\" href=\"http:\/\/stockcharts.com\/h-sc\/ui?s=EWG&amp;p=D&amp;st=2013-03-06&amp;en=2013-09-06&amp;id=p15880085697\" target=\"_blank\">EWG<\/a> (iShares MSCI Germany Index Fund)<br \/>\n<a title=\"6-month chart of CAT\" href=\"http:\/\/stockcharts.com\/h-sc\/ui?s=CAT&amp;p=D&amp;st=2013-03-06&amp;en=2013-09-06&amp;id=p15880085697\" target=\"_blank\">CAT<\/a> (Caterpillar)<\/p>\n<p><strong>Commentary<\/strong><br \/>\nThe S&#038;P 500 (SPY) looks like a market that wants to go up. Friday was supposed to be a pivotal day with the August jobs numbers providing the market definitive guidance on the Federal Reserve&#8217;s tapering plans. Instead, the S&#038;P 500 opened flat with the previous day, dipped sharply on some new old news about Syria (Russia is insisting on challenging the U.S. here), and then rallied sharply before pulling back from 50DMA resistance. It was about as neutral as you can get with the S&#038;P 500 closing up by.09 of a point!<\/p>\n<p><center><br \/>\n<figure id=\"attachment_19693\" aria-describedby=\"caption-attachment-19693\" style=\"width: 540px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/09\/130906_SP500.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/09\/130906_SP500.png\" alt=\"The S&amp;P 500 is now knocking on the door of upward 50DMA resistance\" width=\"550\" height=\"375\" class=\"size-full wp-image-19693\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/09\/130906_SP500.png 550w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/09\/130906_SP500-300x204.png 300w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><figcaption id=\"caption-attachment-19693\" class=\"wp-caption-text\">The S&#038;P 500 is now knocking on the door of upward 50DMA resistance<\/figcaption><\/figure><br \/>\n<\/center><\/p>\n<p>With T2108 in recovery mode and the S&#038;P 500 remaining resilient, I see this market as one that wants to go up. Just remove one of any number of overhangs, and I think the index is off to the races again. The current retest of the 50DMA line of resistance is just the start.<\/p>\n<p>I have not examined the over\/under-period charts from the T2108 Trading Model (TTM) in a long time. Time to see what guidance I can gleam from them here&#8230;.of course with the major caveat that geo-political and soon Fed headlines will likely trump any and all technicals in the immediate aftermath of those headlines.<\/p>\n<p><center><br \/>\n<figure id=\"attachment_18641\" aria-describedby=\"caption-attachment-18641\" style=\"width: 394px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/07\/130705_T210840PctUnderperiod.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/07\/130705_T210840PctUnderperiod.png\" alt=\"S&amp;P 500 Price Change By Duration Below the T2108 40% Threshold\" width=\"404\" height=\"352\" class=\"size-full wp-image-18641\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/07\/130705_T210840PctUnderperiod.png 404w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/07\/130705_T210840PctUnderperiod-300x261.png 300w\" sizes=\"auto, (max-width: 404px) 100vw, 404px\" \/><\/a><figcaption id=\"caption-attachment-18641\" class=\"wp-caption-text\">S&#038;P 500 Price Change By Duration Below the T2108 40% Threshold<\/figcaption><\/figure><br \/>\n<\/center><\/p>\n<p>T2108 has spent almost 3 trading weeks under 40%. It is still another three trading weeks away from inheriting a significant downward bias due to the prediction of negative performance for the S&#038;P 500 by the time T2108 gets above 40% again. Until then, the S&#038;P 500 has a slight positive bias. The S&#038;P 500 is currently exactly flat with where it closed on August 16th, the day T2108 closed under 40% and the S&#038;P 500 happened to close below its 50DMA. <\/p>\n<p><center><br \/>\n<figure id=\"attachment_19697\" aria-describedby=\"caption-attachment-19697\" style=\"width: 394px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/09\/130908_MeanMediaBelowT2108Threshold.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/09\/130908_MeanMediaBelowT2108Threshold.png\" alt=\"Mean and Median Duration Below Given T2108 Threshold\" width=\"404\" height=\"352\" class=\"size-full wp-image-19697\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/09\/130908_MeanMediaBelowT2108Threshold.png 404w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/09\/130908_MeanMediaBelowT2108Threshold-300x261.png 300w\" sizes=\"auto, (max-width: 404px) 100vw, 404px\" \/><\/a><figcaption id=\"caption-attachment-19697\" class=\"wp-caption-text\">Mean and Median Duration Below Given T2108 Threshold<\/figcaption><\/figure><br \/>\n<\/center><\/p>\n<p>This chart shows that T2108 has traded below the 40% threshold for a longer time than average. This observation adds to my assumption that this is a stock market that wants to go up.<\/p>\n<p><center><br \/>\n<figure id=\"attachment_18639\" aria-describedby=\"caption-attachment-18639\" style=\"width: 394px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/07\/130705_T210870PctUnderperiod.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/07\/130705_T210870PctUnderperiod.png\" alt=\"S&amp;P 500 Price Change By Duration Below the T2108 70% Threshold\" width=\"404\" height=\"352\" class=\"size-full wp-image-18639\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/07\/130705_T210870PctUnderperiod.png 404w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/07\/130705_T210870PctUnderperiod-300x261.png 300w\" sizes=\"auto, (max-width: 404px) 100vw, 404px\" \/><\/a><figcaption id=\"caption-attachment-18639\" class=\"wp-caption-text\">S&#038;P 500 Price Change By Duration Below the T2108 70% Threshold<\/figcaption><\/figure><br \/>\n<\/center><\/p>\n<p>T2108 last traded above 70% on May 21st. The next day was a pivotal day that looked like a major reversal for the S&#038;P 500 (see chart above). Two months later, T2108 stopped just short of returning to overbought conditions. As the chart above shows, the S&#038;P 500 managed to print one last breakout before decidedly turning south again. With 74 trading days between here and the last close in overbought territory, the T2108 underperiod is now firmly in a region with a VERY wide spread of potential outcomes. Given the S&#038;P 500 is only 14 points below the close on May 21st, the current bias is for the S&#038;P 500 to trade significantly higher once it reaches overbought territory again. This bias is very consistent with my assessment that this is a market that wants to go up. <\/p>\n<p><center><br \/>\n<figure id=\"attachment_19699\" aria-describedby=\"caption-attachment-19699\" style=\"width: 394px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/09\/130908_T210820PctOverperiod.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/09\/130908_T210820PctOverperiod.png\" alt=\"S&amp;P 500 Price Change By Duration Above the T2108 20% Threshold\" width=\"404\" height=\"352\" class=\"size-full wp-image-19699\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/09\/130908_T210820PctOverperiod.png 404w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/09\/130908_T210820PctOverperiod-300x261.png 300w\" sizes=\"auto, (max-width: 404px) 100vw, 404px\" \/><\/a><figcaption id=\"caption-attachment-19699\" class=\"wp-caption-text\">S&#038;P 500 Price Change By Duration Above the T2108 20% Threshold<\/figcaption><\/figure><br \/>\n<\/center><\/p>\n<p>The chart above currently shows a significant downward bias if\/when T2108 returns to oversold conditions anytime soon, as much as 10% downside. I think this describes the immediate downside risk. In another 50 trading days, the projection moves to flat and takes off significantly from there. In other words, if the S&#038;P 500 does not sell-off soon, it is VERY likely to go on an extended rally. Yes, this is a market that wants to go up&#8230; (Note that the S&#038;P 500 has to sell-off by 5% to return to even with the oversold reading from June 24).<\/p>\n<p><center><br \/>\n<strong>Daily T2108 vs the S&#038;P 500<\/strong><br \/>\n<img loading=\"lazy\" decoding=\"async\" title=\"T2108 vs. the S&amp;P 500 (DAILY)\" alt=\"T2108 vs. the S&amp;P 500 (DAILY)\" src=\"http:\/\/www.drduru.com\/money\/charts\/T2108-daily_s.png\" width=\"500\" height=\"350\" \/><br \/>\n<\/center><\/p>\n<p>Black line: T2108 (measured on the right); Green line: S&amp;P 500 (for comparative purposes)<br \/>\nRed line: T2108 Overbought (70%); Blue line: T2108 Oversold (20%)<\/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\" title=\"Weekly T2108\" alt=\"Weekly T2108\" src=\"http:\/\/www.drduru.com\/money\/charts\/T2108-weekly_s.png\" width=\"500\" height=\"350\" \/><br \/>\n*<strong>All charts created using <\/strong><\/a><strong><a title=\"Freestockcharts.com\" href=\"http:\/\/www.freestockcharts.com\/\" target=\"_blank\">freestockcharts.com<\/a><\/strong> unless otherwise stated<\/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&amp;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<\/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 gap down 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 &#8230; <a title=\"T2108 Update (September 6, 2013) &#8211; A Market That Still Wants to Go Up\" class=\"read-more\" href=\"https:\/\/drduru.com\/onetwentytwo\/2013\/09\/08\/t2108-update-130906\/\">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":[512,135,1154,62],"tags":[65,362,226,1597],"class_list":["post-19692","post","type-post","status-publish","format-standard","hentry","category-resistance","category-stock-market-trading","category-t2108-model","category-technical-analysis","tag-sp-500","tag-spy","tag-t2108","tag-technical-analysis"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>T2108 Update (September 6, 2013) - A Market That Still Wants to Go Up - 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\/09\/08\/t2108-update-130906\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"T2108 Update (September 6, 2013) - A Market That Still Wants to Go Up - 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 gap down 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 ... Read more\" \/>\n<meta property=\"og:url\" content=\"https:\/\/drduru.com\/onetwentytwo\/2013\/09\/08\/t2108-update-130906\/\" \/>\n<meta property=\"og:site_name\" content=\"ONE-TWENTY TWO: Trading Financial Markets\" \/>\n<meta property=\"article:published_time\" content=\"2013-09-08T15:37:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2013-09-08T15:38:30+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/09\/130906_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\\\/09\\\/08\\\/t2108-update-130906\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2013\\\/09\\\/08\\\/t2108-update-130906\\\/\"},\"author\":{\"name\":\"Dr. Duru\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\"},\"headline\":\"T2108 Update (September 6, 2013) &#8211; A Market That Still Wants to Go Up\",\"datePublished\":\"2013-09-08T15:37:09+00:00\",\"dateModified\":\"2013-09-08T15:38:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2013\\\/09\\\/08\\\/t2108-update-130906\\\/\"},\"wordCount\":856,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\"},\"image\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2013\\\/09\\\/08\\\/t2108-update-130906\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2013\\\/09\\\/130906_SP500.png\",\"keywords\":[\"S&amp;P 500\",\"SPY\",\"T2108\",\"Technical Analysis\"],\"articleSection\":[\"Resistance\",\"Stock Market Trading\",\"T2108 Model\",\"Technical Analysis\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2013\\\/09\\\/08\\\/t2108-update-130906\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2013\\\/09\\\/08\\\/t2108-update-130906\\\/\",\"url\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2013\\\/09\\\/08\\\/t2108-update-130906\\\/\",\"name\":\"T2108 Update (September 6, 2013) - A Market That Still Wants to Go Up - ONE-TWENTY TWO: Trading Financial Markets\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2013\\\/09\\\/08\\\/t2108-update-130906\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2013\\\/09\\\/08\\\/t2108-update-130906\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2013\\\/09\\\/130906_SP500.png\",\"datePublished\":\"2013-09-08T15:37:09+00:00\",\"dateModified\":\"2013-09-08T15:38:30+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2013\\\/09\\\/08\\\/t2108-update-130906\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2013\\\/09\\\/08\\\/t2108-update-130906\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2013\\\/09\\\/08\\\/t2108-update-130906\\\/#primaryimage\",\"url\":\"http:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2013\\\/09\\\/130906_SP500.png\",\"contentUrl\":\"http:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2013\\\/09\\\/130906_SP500.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2013\\\/09\\\/08\\\/t2108-update-130906\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"T2108 Update (September 6, 2013) &#8211; A Market That Still Wants to Go Up\"}]},{\"@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 (September 6, 2013) - A Market That Still Wants to Go Up - 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\/09\/08\/t2108-update-130906\/","og_locale":"en_US","og_type":"article","og_title":"T2108 Update (September 6, 2013) - A Market That Still Wants to Go Up - 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 gap down 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 ... Read more","og_url":"https:\/\/drduru.com\/onetwentytwo\/2013\/09\/08\/t2108-update-130906\/","og_site_name":"ONE-TWENTY TWO: Trading Financial Markets","article_published_time":"2013-09-08T15:37:09+00:00","article_modified_time":"2013-09-08T15:38:30+00:00","og_image":[{"url":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/09\/130906_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\/09\/08\/t2108-update-130906\/#article","isPartOf":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2013\/09\/08\/t2108-update-130906\/"},"author":{"name":"Dr. Duru","@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0"},"headline":"T2108 Update (September 6, 2013) &#8211; A Market That Still Wants to Go Up","datePublished":"2013-09-08T15:37:09+00:00","dateModified":"2013-09-08T15:38:30+00:00","mainEntityOfPage":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2013\/09\/08\/t2108-update-130906\/"},"wordCount":856,"commentCount":0,"publisher":{"@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0"},"image":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2013\/09\/08\/t2108-update-130906\/#primaryimage"},"thumbnailUrl":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/09\/130906_SP500.png","keywords":["S&amp;P 500","SPY","T2108","Technical Analysis"],"articleSection":["Resistance","Stock Market Trading","T2108 Model","Technical Analysis"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/drduru.com\/onetwentytwo\/2013\/09\/08\/t2108-update-130906\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/drduru.com\/onetwentytwo\/2013\/09\/08\/t2108-update-130906\/","url":"https:\/\/drduru.com\/onetwentytwo\/2013\/09\/08\/t2108-update-130906\/","name":"T2108 Update (September 6, 2013) - A Market That Still Wants to Go Up - ONE-TWENTY TWO: Trading Financial Markets","isPartOf":{"@id":"https:\/\/drduru.com\/onetwentytwo\/#website"},"primaryImageOfPage":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2013\/09\/08\/t2108-update-130906\/#primaryimage"},"image":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2013\/09\/08\/t2108-update-130906\/#primaryimage"},"thumbnailUrl":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/09\/130906_SP500.png","datePublished":"2013-09-08T15:37:09+00:00","dateModified":"2013-09-08T15:38:30+00:00","breadcrumb":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2013\/09\/08\/t2108-update-130906\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/drduru.com\/onetwentytwo\/2013\/09\/08\/t2108-update-130906\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/drduru.com\/onetwentytwo\/2013\/09\/08\/t2108-update-130906\/#primaryimage","url":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/09\/130906_SP500.png","contentUrl":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/09\/130906_SP500.png"},{"@type":"BreadcrumbList","@id":"https:\/\/drduru.com\/onetwentytwo\/2013\/09\/08\/t2108-update-130906\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/drduru.com\/onetwentytwo\/"},{"@type":"ListItem","position":2,"name":"T2108 Update (September 6, 2013) &#8211; A Market That Still Wants to Go Up"}]},{"@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\/19692","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=19692"}],"version-history":[{"count":9,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts\/19692\/revisions"}],"predecessor-version":[{"id":19704,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts\/19692\/revisions\/19704"}],"wp:attachment":[{"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/media?parent=19692"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/categories?post=19692"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/tags?post=19692"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}