{"id":20991,"date":"2014-01-08T03:47:41","date_gmt":"2014-01-08T11:47:41","guid":{"rendered":"http:\/\/drduru.com\/onetwentytwo\/?p=20991"},"modified":"2014-01-08T03:51:35","modified_gmt":"2014-01-08T11:51:35","slug":"t2108-update-140107","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2014\/01\/08\/t2108-update-140107\/","title":{"rendered":"T2108 Update (January 7, 2014) &#8211; Overbought Timelag?"},"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 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>: 66.4%<br \/>\n<strong>VIX Status<\/strong>: 12.9<br \/>\n<strong>General (Short-term) Trading Call<\/strong>: Hold (bullish bias)<br \/>\n<strong>Active T2108 periods<\/strong>: Day #128 over 20%, Day #3 over 60% (overperiod), Day #43 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=$SPX&amp;p=D&amp;st=2013-07-07&amp;en=2014-01-07&amp;id=p14085208538\" target=\"_blank\">S&amp;P 500<\/a> or <a title=\"6-month chart of SPY\" href=\"http:\/\/stockcharts.com\/h-sc\/ui?s=SPY&amp;p=D&amp;st=2013-07-07&amp;en=2014-01-07&amp;id=p14085208538\" target=\"_blank\">SPY<\/a><br \/>\n<a title=\"6-month chart of SDS\" href=\"http:\/\/stockcharts.com\/h-sc\/ui?s=SDS&amp;p=D&amp;st=2013-07-07&amp;en=2014-01-07&amp;id=p15880085697\" target=\"_blank\">SDS<\/a> (ProShares UltraShort S&amp;P500)<br \/>\n<a title=\"6-month chart of the U.S. dollar\" href=\"http:\/\/stockcharts.com\/h-sc\/ui?s=$USD&amp;p=D&amp;st=2013-07-07&amp;en=2014-01-07&amp;id=p25615696567\" target=\"_blank\">U.S. Dollar Index<\/a> (volatility index)<br \/>\n<a title=\"6-month chart of EEM\" href=\"http:\/\/stockcharts.com\/h-sc\/ui?s=EEM&amp;p=D&amp;st=2013-07-07&amp;en=2014-01-07&amp;id=p15880085697\" target=\"_blank\">EEM<\/a> (iShares MSCI Emerging Markets)<br \/>\n<a title=\"6-month chart of the VIX\" href=\"http:\/\/stockcharts.com\/h-sc\/ui?s=$VIX&amp;p=D&amp;st=2013-07-07&amp;en=2014-01-07&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=2013-07-07&amp;en=2014-01-07&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=2013-07-07&amp;en=2014-01-07&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=2013-07-07&amp;en=2014-01-07&amp;id=p15880085697\" target=\"_blank\">CAT<\/a> (Caterpillar)<\/p>\n<p><strong>Commentary<\/strong><br \/>\nMaybe T2108 will start the year overbought after all&#8230;just a few days late. T2108 closed the day at 66.4%, its highest close in two months. One more strong day on the S&#038;P 500 (SPY) could push my favorite technical indicator into overbought territory (70% and above). The small push in the index ended a small three-day losing streak.<\/p>\n<p><center><br \/>\n<figure id=\"attachment_20993\" aria-describedby=\"caption-attachment-20993\" style=\"width: 540px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2014\/01\/140107_SP500.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2014\/01\/140107_SP500.png\" alt=\"Another shallow pullback, and the S&amp;P 500 looks ready to rip again\" width=\"550\" height=\"375\" class=\"size-full wp-image-20993\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2014\/01\/140107_SP500.png 550w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2014\/01\/140107_SP500-300x204.png 300w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><figcaption id=\"caption-attachment-20993\" class=\"wp-caption-text\">Another shallow pullback, and the S&#038;P 500 looks ready to rip again<\/figcaption><\/figure><br \/>\n<\/center><\/p>\n<p>As a result of the new push, the volatility index has pushed downward again. In particular, ProShares Ultra VIX Short-Term Futures ETF (UVXY) has turned downward yet again. This time, the previous rally was very short-lived. The persistent downtrend in UVXY has made it one of my favorite ways (short) to play a bullish bias in the general stock market.<\/p>\n<p><center><br \/>\n<figure id=\"attachment_20994\" aria-describedby=\"caption-attachment-20994\" style=\"width: 540px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2014\/01\/140107_UVXY.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2014\/01\/140107_UVXY.png\" alt=\"Oh that downtrend feeling\" width=\"550\" height=\"375\" class=\"size-full wp-image-20994\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2014\/01\/140107_UVXY.png 550w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2014\/01\/140107_UVXY-300x204.png 300w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><figcaption id=\"caption-attachment-20994\" class=\"wp-caption-text\">Oh that downtrend feeling<\/figcaption><\/figure><br \/>\n<\/center><\/p>\n<p>While we wait for overbought, here is a cornucopia of charts that I hope mainly speak for themselves. Some of them are follow-ups from previous posts. Most represent strong uptrends and nice breakouts. A few demonstrate tops in the making and red flag breakdowns. A few show important tests of resistance in the making or failed. If you have any questions on why I posted any of these charts or what they mean, feel free to ping me through the comments section.<\/p>\n<p><center><br \/>\n<figure id=\"attachment_20995\" aria-describedby=\"caption-attachment-20995\" style=\"width: 490px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2014\/01\/140107_TWTR.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2014\/01\/140107_TWTR.png\" alt=\"More follow-through selling forTwitter. This time, a bearish engulfing pattern further confirms a top in the works\" width=\"500\" height=\"350\" class=\"size-full wp-image-20995\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2014\/01\/140107_TWTR.png 500w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2014\/01\/140107_TWTR-300x210.png 300w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/a><figcaption id=\"caption-attachment-20995\" class=\"wp-caption-text\">More follow-through selling forTwitter. This time, a bearish engulfing pattern further confirms a top in the works<\/figcaption><\/figure><\/p>\n<figure id=\"attachment_21007\" aria-describedby=\"caption-attachment-21007\" style=\"width: 540px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2014\/01\/140107_LNKD.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2014\/01\/140107_LNKD.png\" alt=\"LinkedIn already trying to repair a major breakdown\" width=\"550\" height=\"375\" class=\"size-full wp-image-21007\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2014\/01\/140107_LNKD.png 550w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2014\/01\/140107_LNKD-300x204.png 300w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><figcaption id=\"caption-attachment-21007\" class=\"wp-caption-text\">LinkedIn already trying to repair a major breakdown<\/figcaption><\/figure>\n<figure id=\"attachment_21006\" aria-describedby=\"caption-attachment-21006\" style=\"width: 540px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2014\/01\/140107_BNFT.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2014\/01\/140107_BNFT.png\" alt=\"A fresh post-IPO all-time high for BenefitFocus\" width=\"550\" height=\"375\" class=\"size-full wp-image-21006\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2014\/01\/140107_BNFT.png 550w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2014\/01\/140107_BNFT-300x204.png 300w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><figcaption id=\"caption-attachment-21006\" class=\"wp-caption-text\">A fresh post-IPO all-time high for BenefitFocus<\/figcaption><\/figure>\n<figure id=\"attachment_21005\" aria-describedby=\"caption-attachment-21005\" style=\"width: 540px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2014\/01\/140107_VMW.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2014\/01\/140107_VMW.png\" alt=\"VMWare breaks out\" width=\"550\" height=\"375\" class=\"size-full wp-image-21005\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2014\/01\/140107_VMW.png 550w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2014\/01\/140107_VMW-300x204.png 300w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><figcaption id=\"caption-attachment-21005\" class=\"wp-caption-text\">VMWare breaks out<\/figcaption><\/figure>\n<figure id=\"attachment_21004\" aria-describedby=\"caption-attachment-21004\" style=\"width: 540px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2014\/01\/140107_QLYS.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2014\/01\/140107_QLYS.png\" alt=\"Qualsys breaks out to new all-time high after finding firm 50DMA support\" width=\"550\" height=\"375\" class=\"size-full wp-image-21004\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2014\/01\/140107_QLYS.png 550w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2014\/01\/140107_QLYS-300x204.png 300w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><figcaption id=\"caption-attachment-21004\" class=\"wp-caption-text\">Qualsys breaks out to new all-time high after finding firm 50DMA support<\/figcaption><\/figure>\n<figure id=\"attachment_21003\" aria-describedby=\"caption-attachment-21003\" style=\"width: 540px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2014\/01\/140107_LOGI.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2014\/01\/140107_LOGI.png\" alt=\"An amazingly persistent recovery and run-up for Logitech\" width=\"550\" height=\"375\" class=\"size-full wp-image-21003\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2014\/01\/140107_LOGI.png 550w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2014\/01\/140107_LOGI-300x204.png 300w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><figcaption id=\"caption-attachment-21003\" class=\"wp-caption-text\">An amazingly persistent recovery and run-up for Logitech<\/figcaption><\/figure>\n<figure id=\"attachment_21002\" aria-describedby=\"caption-attachment-21002\" style=\"width: 540px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2014\/01\/140107_PCLN.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2014\/01\/140107_PCLN.png\" alt=\"Priceline.com bounces of long-standing 50DMA support\" width=\"550\" height=\"375\" class=\"size-full wp-image-21002\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2014\/01\/140107_PCLN.png 550w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2014\/01\/140107_PCLN-300x204.png 300w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><figcaption id=\"caption-attachment-21002\" class=\"wp-caption-text\">Priceline.com bounces of long-standing 50DMA support<\/figcaption><\/figure>\n<figure id=\"attachment_21001\" aria-describedby=\"caption-attachment-21001\" style=\"width: 490px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2014\/01\/140107_IBM.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2014\/01\/140107_IBM.png\" alt=\"IBM meets its next challenge at 200DMA resistance. Stock continues to frustrate bears and delight buyers looking for a reasonably priced tech stock\" width=\"500\" height=\"350\" class=\"size-full wp-image-21001\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2014\/01\/140107_IBM.png 500w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2014\/01\/140107_IBM-300x210.png 300w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/a><figcaption id=\"caption-attachment-21001\" class=\"wp-caption-text\">IBM meets its next challenge at 200DMA resistance. Stock continues to frustrate bears and delight buyers looking for a reasonably priced tech stock<\/figcaption><\/figure>\n<figure id=\"attachment_21000\" aria-describedby=\"caption-attachment-21000\" style=\"width: 490px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2014\/01\/140107_GOOG.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2014\/01\/140107_GOOG.png\" alt=\"New all-time highs for Google as post-earnings uptrend remains well-oiled\" width=\"500\" height=\"350\" class=\"size-full wp-image-21000\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2014\/01\/140107_GOOG.png 500w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2014\/01\/140107_GOOG-300x210.png 300w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/a><figcaption id=\"caption-attachment-21000\" class=\"wp-caption-text\">New all-time highs for Google as post-earnings uptrend remains well-oiled<\/figcaption><\/figure>\n<figure id=\"attachment_20999\" aria-describedby=\"caption-attachment-20999\" style=\"width: 540px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2014\/01\/140107_CAT.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2014\/01\/140107_CAT.png\" alt=\"Caterpillar fails the test again\" width=\"550\" height=\"375\" class=\"size-full wp-image-20999\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2014\/01\/140107_CAT.png 550w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2014\/01\/140107_CAT-300x204.png 300w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><figcaption id=\"caption-attachment-20999\" class=\"wp-caption-text\">Caterpillar fails the test again<\/figcaption><\/figure>\n<figure id=\"attachment_20998\" aria-describedby=\"caption-attachment-20998\" style=\"width: 490px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2014\/01\/140107_SKUL.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2014\/01\/140107_SKUL.png\" alt=\". Current one makes up for lost time.\" width=\"500\" height=\"350\" class=\"size-full wp-image-20998\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2014\/01\/140107_SKUL.png 500w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2014\/01\/140107_SKUL-300x210.png 300w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/a><figcaption id=\"caption-attachment-20998\" class=\"wp-caption-text\">. Current one makes up for lost time.<\/figcaption><\/figure>\n<figure id=\"attachment_20997\" aria-describedby=\"caption-attachment-20997\" style=\"width: 540px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2014\/01\/140107_BBY.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2014\/01\/140107_BBY.png\" alt=\"Best Buy looking toppy...finally\" width=\"550\" height=\"375\" class=\"size-full wp-image-20997\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2014\/01\/140107_BBY.png 550w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2014\/01\/140107_BBY-300x204.png 300w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><figcaption id=\"caption-attachment-20997\" class=\"wp-caption-text\">Best Buy looking toppy&#8230;finally<\/figcaption><\/figure>\n<p><figure id=\"attachment_20996\" aria-describedby=\"caption-attachment-20996\" style=\"width: 540px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2014\/01\/140107_NFLX.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2014\/01\/140107_NFLX.png\" alt=\"Major breakdown for Netflix after a surprisingly strong uptrend post-Icahn selling\" width=\"550\" height=\"375\" class=\"size-full wp-image-20996\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2014\/01\/140107_NFLX.png 550w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2014\/01\/140107_NFLX-300x204.png 300w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><figcaption id=\"caption-attachment-20996\" class=\"wp-caption-text\">Major breakdown for Netflix after a surprisingly strong uptrend post-Icahn selling<\/figcaption><\/figure><br \/>\n<\/center><\/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 SPHB and SPLV and SSO puts (pairs trade); long CAT, SKUL; short BBY, NFLX, LNKD; long puts on LNKD, TWTR, UVXY<\/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 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 are &#8230; <a title=\"T2108 Update (January 7, 2014) &#8211; Overbought Timelag?\" class=\"read-more\" href=\"https:\/\/drduru.com\/onetwentytwo\/2014\/01\/08\/t2108-update-140107\/\">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":[483,482,512,135,511,62,920],"tags":[721,1290,720,1291,64,63,231,230,399,400,629,579,1294,1295,404,405,956,957,1292,1293,65,756,755,226,1597,1257,1258,1092,1288,1289],"class_list":["post-20991","post","type-post","status-publish","format-standard","hentry","category-breakdown","category-breakout","category-resistance","category-stock-market-trading","category-support","category-technical-analysis","category-uptrend","tag-bby","tag-benefitfocus","tag-best-buy","tag-bnft","tag-cat","tag-caterpillar-inc","tag-goog","tag-google","tag-ibm","tag-international-business-machines-corporation","tag-linkedin-corporation","tag-lnkd","tag-logi","tag-logitech-intl-sa","tag-netflix","tag-nflx","tag-pcln","tag-priceline-com","tag-qlys","tag-qualsys","tag-sp-500","tag-skul","tag-skullcandy","tag-t2108","tag-technical-analysis","tag-twitter","tag-twtr","tag-uvxy","tag-vmw","tag-wmware"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>T2108 Update (January 7, 2014) - Overbought Timelag? - 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\/2014\/01\/08\/t2108-update-140107\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"T2108 Update (January 7, 2014) - Overbought Timelag? - 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 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 are ... 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