{"id":19879,"date":"2013-09-21T17:26:19","date_gmt":"2013-09-22T00:26:19","guid":{"rendered":"http:\/\/drduru.com\/onetwentytwo\/?p=19879"},"modified":"2013-09-21T17:26:49","modified_gmt":"2013-09-22T00:26:49","slug":"t2108-update-130920","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2013\/09\/21\/t2108-update-130920\/","title":{"rendered":"T2108 Update (September 20, 2013) &#8211; Another Halt Short of Overbought As Long-Term Technicals Continue Deteriorating"},"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>: 61.1%<br \/>\n<strong>VIX Status<\/strong>: 13.1<br \/>\n<strong>General (Short-term) Trading Call<\/strong>: Hold<br \/>\n<strong>Active T2108 periods<\/strong>: Day #59 over 20% (overperiod), Day #84 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=$SPX&amp;p=D&amp;st=2013-03-20&amp;en=2013-09-20&amp;id=p14085208538\" target=\"_blank\">S&amp;P 500<\/a> or <a title=\"6-month chart of SPY\" href=\"http:\/\/stockcharts.com\/h-sc\/ui?s=SPY&amp;p=D&amp;st=2013-03-20&amp;en=2013-09-20&amp;id=p14085208538\" target=\"_blank\">SPY<\/a><br \/>\n<a title=\"6-month chart of SDS\" href=\"http:\/\/stockcharts.com\/h-sc\/ui?s=SDS&amp;p=D&amp;st=2013-03-20&amp;en=2013-09-20&amp;id=p15880085697\" target=\"_blank\">SDS<\/a> (ProShares UltraShort S&amp;P500)<br \/>\n<a title=\"6-month chart of the U.S. dollar\" href=\"http:\/\/stockcharts.com\/h-sc\/ui?s=$USD&amp;p=D&amp;st=2013-03-20&amp;en=2013-09-20&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=2013-03-20&amp;en=2013-09-20&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=2013-03-20&amp;en=2013-09-20&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=2013-03-20&amp;en=2013-09-20&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=2013-03-20&amp;en=2013-09-20&amp;id=p15880085697\" target=\"_blank\">CAT<\/a> (Caterpillar)<\/p>\n<p><strong>Commentary<\/strong><br \/>\nFor the second time this year, T2108 has stopped just short of overbought territory. In the wake of Wednesday&#8217;s big rally, <a href=\"http:\/\/drduru.com\/onetwentytwo\/2013\/09\/18\/t2108-update-130918\/\" target=\"_blank\">T2108 closed at 68.9%<\/a>, just short of overbought territory. Since then, it has backed down all the way to 61.1%, hitting exactly 70.1% on an intraday basis on Thursday. The question now for T2108 followers is whether this is &#8220;good enough&#8221; to make a play shorting the S&#038;P 500 (SPY). <a href=\"http:\/\/drduru.com\/onetwentytwo\/2013\/07\/23\/t2108-update-130723\/\" target=\"_blank\">The last time this happened<\/a>, the S&#038;P 500 just churned in place for a week before <a href=\"http:\/\/drduru.com\/onetwentytwo\/2013\/08\/04\/t2108-update-130802\/\" target=\"_blank\">a fake breakout to start trading in August<\/a>. Perhaps in telling fashion, T2108 went nowhere. The S&#038;P 500 sold off for the next 3 weeks before <a href=\"http:\/\/drduru.com\/onetwentytwo\/2013\/08\/24\/t2108-update-130823\/\" target=\"_blank\">stopping just short of oversold conditions<\/a>. <\/p>\n<p><center><br \/>\n<figure id=\"attachment_19882\" aria-describedby=\"caption-attachment-19882\" style=\"width: 540px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/09\/130920_SP500.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/09\/130920_SP500.png\" alt=\"The S&amp;P 500 turns back from overbought\" width=\"550\" height=\"375\" class=\"size-full wp-image-19882\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/09\/130920_SP500.png 550w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/09\/130920_SP500-300x204.png 300w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><figcaption id=\"caption-attachment-19882\" class=\"wp-caption-text\">The S&#038;P 500 turns back from overbought<\/figcaption><\/figure><br \/>\n<\/center><\/p>\n<p>I am honestly torn since I earlier decided I would be VERY slow to pull the trigger on ProShares Ultra S&#038;P 500 (SSO) puts given the overall bullish tone in the current trend. Aggressive traders can short here with a tight stop at fresh highs. I am content to hold here and may re-evaluate if the S&#038;P 500 closes below its 50DMA. Otherwise, I still prefer to only buy puts after T2108 is &#8220;deep&#8221; into overbought territory.<\/p>\n<p>In the meantime, the S&#038;P 500 has eked out a mere 0.8% gain since it was last overbought. This puts the index&#8217;s performance smack in the middle of its expected performance based on the number of days T2108 has traded below 70% (84 days now). The range of potential performances is wide. T2108 is also entering rare territory. The chart below shows that it is not common for T2108 to trade THIS long without entering overbought territory.<\/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>One interpretation of this chart is that buying the dips remains the preferred option. The further the S&#038;P 500 trades down, the more upside created for the next trip to overbought territory. The huge exception of course is a major sell-off. It is quite an extreme of outcomes! By the time I even think about the possibility of a major sell-off, T2108 will hit oversold first. As always, I will take this one step at a time and avoid over-forecasting.<\/p>\n<p>One potentially important long-term consideration is the bearish signal that T2107 continues to flash. T2107 is the percentage of stocks trading above their respective 200DMAs. I only sporadically check it. Surprisingly, T2107 remains locked in a firm downtrend this year even as the S&#038;P 500 has soared.<\/p>\n<p><center><br \/>\n<figure id=\"attachment_19881\" aria-describedby=\"caption-attachment-19881\" style=\"width: 490px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/09\/130920_T2107.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/09\/130920_T2107.png\" alt=\"T2107 has declined sharply in 2013 even as the S&amp;P 500 has soared\" width=\"500\" height=\"350\" class=\"size-full wp-image-19881\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/09\/130920_T2107.png 500w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/09\/130920_T2107-300x210.png 300w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/a><figcaption id=\"caption-attachment-19881\" class=\"wp-caption-text\">T2107 has declined sharply in 2013 even as the S&#038;P 500 has soared<\/figcaption><\/figure><br \/>\n<\/center><\/p>\n<p>I do not have a model that estimates a breaking point &#8211; where T2107 gets so low, the S&#038;P 500 runs out of fuel. But there is plenty of reason to be long-term cautious. It seems to me T2107 needs to turn upward &#8220;soon.&#8221; When\/if it does, look out. The S&#038;P 500 will gain a LOT more upside potential. If T2108 flips overbought with T2107 still heading downward, I will be quicker to pull the trigger on SSO puts.<\/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: no positions<\/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 20, 2013) &#8211; Another Halt Short of Overbought As Long-Term Technicals Continue Deteriorating\" class=\"read-more\" href=\"https:\/\/drduru.com\/onetwentytwo\/2013\/09\/21\/t2108-update-130920\/\">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":[135,1154,62],"tags":[492,65,446,225,226,1597],"class_list":["post-19879","post","type-post","status-publish","format-standard","hentry","category-stock-market-trading","category-t2108-model","category-technical-analysis","tag-proshares-ultra-sp-500","tag-sp-500","tag-sso","tag-t2107","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 20, 2013) - Another Halt Short of Overbought As Long-Term Technicals Continue Deteriorating - 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\/21\/t2108-update-130920\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"T2108 Update (September 20, 2013) - Another Halt Short of Overbought As Long-Term Technicals Continue Deteriorating - 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\/21\/t2108-update-130920\/\" \/>\n<meta property=\"og:site_name\" content=\"ONE-TWENTY TWO: Trading Financial Markets\" \/>\n<meta property=\"article:published_time\" content=\"2013-09-22T00:26:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2013-09-22T00:26:49+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/09\/130920_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\\\/21\\\/t2108-update-130920\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2013\\\/09\\\/21\\\/t2108-update-130920\\\/\"},\"author\":{\"name\":\"Dr. Duru\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\"},\"headline\":\"T2108 Update (September 20, 2013) &#8211; Another Halt Short of Overbought As Long-Term Technicals Continue Deteriorating\",\"datePublished\":\"2013-09-22T00:26:19+00:00\",\"dateModified\":\"2013-09-22T00:26:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2013\\\/09\\\/21\\\/t2108-update-130920\\\/\"},\"wordCount\":739,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\"},\"image\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2013\\\/09\\\/21\\\/t2108-update-130920\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2013\\\/09\\\/130920_SP500.png\",\"keywords\":[\"ProShares Ultra S&amp;P 500\",\"S&amp;P 500\",\"SSO\",\"T2107\",\"T2108\",\"Technical Analysis\"],\"articleSection\":[\"Stock Market Trading\",\"T2108 Model\",\"Technical Analysis\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2013\\\/09\\\/21\\\/t2108-update-130920\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2013\\\/09\\\/21\\\/t2108-update-130920\\\/\",\"url\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2013\\\/09\\\/21\\\/t2108-update-130920\\\/\",\"name\":\"T2108 Update (September 20, 2013) - Another Halt Short of Overbought As Long-Term Technicals Continue Deteriorating - ONE-TWENTY TWO: Trading Financial Markets\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2013\\\/09\\\/21\\\/t2108-update-130920\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2013\\\/09\\\/21\\\/t2108-update-130920\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2013\\\/09\\\/130920_SP500.png\",\"datePublished\":\"2013-09-22T00:26:19+00:00\",\"dateModified\":\"2013-09-22T00:26:49+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2013\\\/09\\\/21\\\/t2108-update-130920\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2013\\\/09\\\/21\\\/t2108-update-130920\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2013\\\/09\\\/21\\\/t2108-update-130920\\\/#primaryimage\",\"url\":\"http:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2013\\\/09\\\/130920_SP500.png\",\"contentUrl\":\"http:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2013\\\/09\\\/130920_SP500.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2013\\\/09\\\/21\\\/t2108-update-130920\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"T2108 Update (September 20, 2013) &#8211; Another Halt Short of Overbought As Long-Term Technicals Continue Deteriorating\"}]},{\"@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 20, 2013) - Another Halt Short of Overbought As Long-Term Technicals Continue Deteriorating - 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\/21\/t2108-update-130920\/","og_locale":"en_US","og_type":"article","og_title":"T2108 Update (September 20, 2013) - Another Halt Short of Overbought As Long-Term Technicals Continue Deteriorating - 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\/21\/t2108-update-130920\/","og_site_name":"ONE-TWENTY TWO: Trading Financial Markets","article_published_time":"2013-09-22T00:26:19+00:00","article_modified_time":"2013-09-22T00:26:49+00:00","og_image":[{"url":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/09\/130920_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\/21\/t2108-update-130920\/#article","isPartOf":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2013\/09\/21\/t2108-update-130920\/"},"author":{"name":"Dr. Duru","@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0"},"headline":"T2108 Update (September 20, 2013) &#8211; Another Halt Short of Overbought As Long-Term Technicals Continue Deteriorating","datePublished":"2013-09-22T00:26:19+00:00","dateModified":"2013-09-22T00:26:49+00:00","mainEntityOfPage":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2013\/09\/21\/t2108-update-130920\/"},"wordCount":739,"commentCount":0,"publisher":{"@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0"},"image":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2013\/09\/21\/t2108-update-130920\/#primaryimage"},"thumbnailUrl":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/09\/130920_SP500.png","keywords":["ProShares Ultra S&amp;P 500","S&amp;P 500","SSO","T2107","T2108","Technical Analysis"],"articleSection":["Stock Market Trading","T2108 Model","Technical Analysis"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/drduru.com\/onetwentytwo\/2013\/09\/21\/t2108-update-130920\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/drduru.com\/onetwentytwo\/2013\/09\/21\/t2108-update-130920\/","url":"https:\/\/drduru.com\/onetwentytwo\/2013\/09\/21\/t2108-update-130920\/","name":"T2108 Update (September 20, 2013) - Another Halt Short of Overbought As Long-Term Technicals Continue Deteriorating - ONE-TWENTY TWO: Trading Financial Markets","isPartOf":{"@id":"https:\/\/drduru.com\/onetwentytwo\/#website"},"primaryImageOfPage":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2013\/09\/21\/t2108-update-130920\/#primaryimage"},"image":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2013\/09\/21\/t2108-update-130920\/#primaryimage"},"thumbnailUrl":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/09\/130920_SP500.png","datePublished":"2013-09-22T00:26:19+00:00","dateModified":"2013-09-22T00:26:49+00:00","breadcrumb":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2013\/09\/21\/t2108-update-130920\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/drduru.com\/onetwentytwo\/2013\/09\/21\/t2108-update-130920\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/drduru.com\/onetwentytwo\/2013\/09\/21\/t2108-update-130920\/#primaryimage","url":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/09\/130920_SP500.png","contentUrl":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2013\/09\/130920_SP500.png"},{"@type":"BreadcrumbList","@id":"https:\/\/drduru.com\/onetwentytwo\/2013\/09\/21\/t2108-update-130920\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/drduru.com\/onetwentytwo\/"},{"@type":"ListItem","position":2,"name":"T2108 Update (September 20, 2013) &#8211; Another Halt Short of Overbought As Long-Term Technicals Continue Deteriorating"}]},{"@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\/19879","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=19879"}],"version-history":[{"count":5,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts\/19879\/revisions"}],"predecessor-version":[{"id":19886,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts\/19879\/revisions\/19886"}],"wp:attachment":[{"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/media?parent=19879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/categories?post=19879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/tags?post=19879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}