{"id":26476,"date":"2015-01-13T22:21:46","date_gmt":"2015-01-14T06:21:46","guid":{"rendered":"http:\/\/drduru.com\/onetwentytwo\/?p=26476"},"modified":"2015-01-13T22:22:22","modified_gmt":"2015-01-14T06:22:22","slug":"t2108-update-150113","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2015\/01\/13\/t2108-update-150113\/","title":{"rendered":"T2108 Update (January 13, 2015) – Pause Interrupted"},"content":{"rendered":"

<\/code>(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<\/a>. You can follow real-time T2108 commentary<\/a> on twitter using the #T2108 hashtag. T2108-related trades and other trades are sometimes posted on twitter using the #120trade hashtag<\/a>. T2107 measures the percentage of stocks trading above their respective 200DMAs)<\/p>\n

T2108 Status<\/strong>: 42.5%
\nT2107 Status<\/strong>: 45.5%
\nVIX Status<\/strong>: 20.6 (up 4.9%)
\nGeneral (Short-term) Trading Call<\/strong>: Bearish
\nActive T2108 periods<\/strong>: Day #59 over 20%, Day #18 above 30%, Day #5 above 40% (overperiod), Day #9 under 50%, Day #27 under 60%, Day #129 under 70%<\/p>\n

Reference Charts<\/strong> (click for view of last 6 months from Stockcharts.com):
\nS&P 500<\/a> or SPY<\/a>
\nSDS<\/a> (ProShares UltraShort S&P500)
\nU.S. Dollar Index<\/a> (volatility index)
\nEEM<\/a> (iShares MSCI Emerging Markets)
\nVIX<\/a> (volatility index)
\nVXX<\/a> (iPath S&P 500 VIX Short-Term Futures ETN)
\nEWG<\/a> (iShares MSCI Germany Index Fund)
\nCAT<\/a> (Caterpillar).<\/p>\n

Commentary<\/strong>
\nFriday’s perfect pause for the S&P 500<\/a> (SPY) has definitively given way to another breakdown of the 50-day moving average. <\/p>\n


\n
\"The<\/a>
The S&P 500 slips under its 50DMA yet again<\/figcaption><\/figure>
\n<\/center><\/p>\n

With T2108 closing essentially flat in a perfect stalemate on the day, I would have concluded nothing of concern from the S&P 500’s latest failure to hold 50DMA support. The day even featured a positive sign with the index breaking ABOVE its 50DMA at one time. However, the Australian dollar (FXA) versus the Japanese yen (FXY) (AUD\/JPY) delivered a fresh warning with a 200DMA breakdown during the trading day.<\/p>\n

<\/p>\n
\n

$AUDJPY<\/a> ringing alarm bells for market as it drops below its 200DMA amid continued strength in the yen. $SPY<\/a><\/p>\n

— Dr. Duru (@DrDuru) January 13, 2015<\/a><\/p><\/blockquote>\n