{"id":30735,"date":"2015-09-18T01:55:49","date_gmt":"2015-09-18T08:55:49","guid":{"rendered":"http:\/\/drduru.com\/onetwentytwo\/?p=30735"},"modified":"2015-09-18T01:59:43","modified_gmt":"2015-09-18T08:59:43","slug":"t2108-update-150917","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2015\/09\/18\/t2108-update-150917\/","title":{"rendered":"T2108 Update (September 17, 2015) – The Fed Helps Bring the Market Closer to A Major Breakout"},"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 occasionally posted on twitter using the #120trade hashtag<\/a>. T2107 measures the percentage of stocks trading above their respective 200DMAs)<\/p>\n

T2108 Status<\/strong>: 35.4%
\nT2107 Status<\/strong>: 25.7%
\nVIX Status<\/strong>: 21.1
\nGeneral (Short-term) Trading Call<\/strong>: Bullish
\nActive T2108 periods<\/strong>: Day #3 over 20%, Day #2 over 30% (overperiod), Day #22 under 40%, Day #83 under 50%, Day #100 under 60%, Day #298 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>
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<\/p>\n
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Newsflash. Fed leaves rates unchanged. Just as Fed Futures have predicted for many, many weeks now despite punditry out there. $SPY<\/a> $TLT<\/a><\/p>\n

— Duru A (@DrDuru) Sep. 17 at 11:02 AM<\/a><\/p><\/blockquote>\n