{"id":31472,"date":"2015-11-01T00:43:03","date_gmt":"2015-11-01T07:43:03","guid":{"rendered":"http:\/\/drduru.com\/onetwentytwo\/?p=31472"},"modified":"2015-11-01T00:46:42","modified_gmt":"2015-11-01T07:46:42","slug":"t2108-update-151030","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2015\/11\/01\/t2108-update-151030\/","title":{"rendered":"T2108 Update (October 30, 2015) &#8211; Post-Fed Momentum Quickly Stalls, Underlying Momentum Fades"},"content":{"rendered":"<p><code><\/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 <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 occasionally posted on twitter using <a href=\"http:\/\/twitter.com\/#!\/search\/%23120trade\" target=\"_blank\">the #120trade hashtag<\/a>. T2107 measures the percentage of stocks trading above their respective 200DMAs)<\/p>\n<p><strong>T2108 Status<\/strong>: 60.3%<br \/>\n<strong>T2107 Status<\/strong>: 32.8%<br \/>\n<strong>VIX Status<\/strong>: 15.1<br \/>\n<strong>General (Short-term) Trading Call<\/strong>: neutral, changed from mildly bearish &#8211; see below<br \/>\n<strong>Active T2108 periods<\/strong>: Day #21 over 20%, Day #20 over 30%, Day #20 over 40%, Day #18 over 50%, Day #3 over 60% (overperiod), Day #335 under 70% (underperiod)<\/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=$SPX&amp;p=D&amp;st=2015-04-30&amp;en=2015-10-30&amp;id=p14085208538\" target=\"_blank\">S&amp;P 500<\/a> or <a title=\"6-month chart of SPY\" href=\"http:\/\/stockcharts.com\/h-sc\/ui?s=SPY&amp;p=D&amp;st=2015-04-30&amp;en=2015-10-30&amp;id=p14085208538\" target=\"_blank\">SPY<\/a><br \/>\n<a title=\"6-month chart of SDS\" href=\"http:\/\/stockcharts.com\/h-sc\/ui?s=SDS&amp;p=D&amp;st=2015-04-30&amp;en=2015-10-30&amp;id=p15880085697\" target=\"_blank\">SDS<\/a> (ProShares UltraShort S&amp;P500)<br \/>\n<a title=\"6-month chart of the U.S. dollar\" href=\"http:\/\/stockcharts.com\/h-sc\/ui?s=$USD&amp;p=D&amp;st=2015-04-30&amp;en=2015-10-30&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=2015-04-30&amp;en=2015-10-30&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=2015-04-30&amp;en=2015-10-30&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=2015-04-30&amp;en=2015-10-30&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=2015-04-30&amp;en=2015-10-30&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=2015-04-30&amp;en=2015-10-30&amp;id=p15880085697\" target=\"_blank\">CAT<\/a> (Caterpillar).<br \/>\n<a title=\"6-month chart of IBB\" href=\"http:\/\/stockcharts.com\/h-sc\/ui?s=IBB&amp;p=D&amp;st=2015-04-30&amp;en=2015-10-30&amp;id=p15880085697\" target=\"_blank\">IBB<\/a> (iShares Nasdaq Biotechnology).<\/p>\n<p><strong>Commentary<\/strong><br \/>\nAfter <a href=\"http:\/\/drduru.com\/onetwentytwo\/2015\/10\/28\/financial-markets-welcome-the-feds-focus-on-its-first-rate-hike-with-important-breakouts\/\" target=\"_blank\">the U.S. Federal Reserve announced its latest decision on monetary policy<\/a>, the S&#038;P 500 (SPY) extended its breakout. The U.S. dollar also broke out. In the two days since, both have stalled out.<\/p>\n<p><center><br \/>\n<figure id=\"attachment_31473\" aria-describedby=\"caption-attachment-31473\" style=\"width: 540px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/10\/151030_SP500.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/10\/151030_SP500.png\" alt=\"The S&amp;P 500&#039;s post Fed rally has already stalled.\" width=\"550\" height=\"375\" class=\"size-full wp-image-31473\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/10\/151030_SP500.png 550w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/10\/151030_SP500-300x205.png 300w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><figcaption id=\"caption-attachment-31473\" class=\"wp-caption-text\">The S&#038;P 500&#8217;s post Fed rally has already stalled.<\/figcaption><\/figure><br \/>\n<br \/>\n<figure id=\"attachment_31448\" aria-describedby=\"caption-attachment-31448\" style=\"width: 540px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/10\/151030_DXY0.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/10\/151030_DXY0.png\" alt=\"No post-Fed follow-through yet for the U.S. dollar index\" width=\"550\" height=\"375\" class=\"size-full wp-image-31448\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/10\/151030_DXY0.png 550w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/10\/151030_DXY0-300x205.png 300w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><figcaption id=\"caption-attachment-31448\" class=\"wp-caption-text\">No post-Fed follow-through yet for the U.S. dollar index<\/figcaption><\/figure><br \/>\n<\/center><\/p>\n<p>Incredibly, T2108 has still failed to cross the overbought threshold. In fact, the momentum on my favorite technical indicator is ever so subtly waning. On Wednesday, T2108 only reached a high of 65.4%. It is now back to 60.3%. This is T2108&#8217;s 4th lowest close since the churn directly underneath the overbought threshold began over three weeks ago. This waning momentum is a slightly bearish sign as it contradicts the apparent momentum from the S&#038;P 500. <\/p>\n<p><center><br \/>\n<figure id=\"attachment_31487\" aria-describedby=\"caption-attachment-31487\" style=\"width: 540px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/11\/151030_T2108.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/11\/151030_T2108.png\" alt=\"It is very subtle, but T2108 is slowly but surely losing momentum. As it does so, it acts as a con-confirming indicator to the on-going rally for the S&amp;P 500 (SPY).\" width=\"550\" height=\"375\" class=\"size-full wp-image-31487\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/11\/151030_T2108.png 550w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/11\/151030_T2108-300x205.png 300w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><figcaption id=\"caption-attachment-31487\" class=\"wp-caption-text\">It is very subtle, but T2108 is slowly but surely losing momentum. As it does so, it acts as a con-confirming indicator to the on-going rally for the S&#038;P 500 (SPY).<\/figcaption><\/figure><br \/>\n<\/center><\/p>\n<p>When the S&#038;P 500 tagged its 200DMA support, <a href=\"http:\/\/drduru.com\/onetwentytwo\/2015\/10\/28\/t2108-update-151027\/\" target=\"_blank\">I posted a red flag on the market technicals<\/a> as T2108 made its lowest close during this period of churn. At the time, iShares Transportation Average ETF (IYT) appeared to validate my concerns. Since then, IYT has managed to hold support at its 50DMA. So, overall, my trading call remains at neutral. As a reminder, I am assuming it makes little to no sense get aggressive on short positions until\/unless the S&#038;P 500 closes below 200DMA support. On the flip side, a breakout for T2108 into overbought territory will likely trigger my trading rules for riding the momentum of an overbought rally.<\/p>\n<p>The volatility index, the VIX, is still making no news. For two weeks, the VIX has bounced in a very tight range neatly around the 15.35 pivot. I never cease to marvel at how well this pivot actually works. I am assuming a breakout\/down from this pivot will be consistent with market sentiment and will thus will help drive directional trades.<\/p>\n<p>While this suspense continues to build, earnings season rolls along. Plenty of drama abounds in individual stocks. Some juicy post-earnings reversals continue to provide great trading opportunities as well. Here are a few sample charts with commentary in the captions.<\/p>\n<p><center><br \/>\n<figure id=\"attachment_31477\" aria-describedby=\"caption-attachment-31477\" style=\"width: 540px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/10\/151030_GS.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/10\/151030_GS.png\" alt=\"Goldman Sachs (GS) has followed through with its major post-earnings reversal. It is now stalling around the September highs and right below its 200DMA.\" width=\"550\" height=\"375\" class=\"size-full wp-image-31477\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/10\/151030_GS.png 550w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/10\/151030_GS-300x205.png 300w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><figcaption id=\"caption-attachment-31477\" class=\"wp-caption-text\">Goldman Sachs (GS) has followed through with its major post-earnings reversal. It is now stalling around the September highs and right below its 200DMA.<\/figcaption><\/figure><\/p>\n<figure id=\"attachment_31479\" aria-describedby=\"caption-attachment-31479\" style=\"width: 540px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/10\/151030_ICPT.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/10\/151030_ICPT.png\" alt=\"Intercept Pharmaceuticals, Inc. (ICPT) plunged after its latest update on drug trials. Buyers stepped right in and completely closed the gap. Momentum has stalled since then.\" width=\"550\" height=\"375\" class=\"size-full wp-image-31479\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/10\/151030_ICPT.png 550w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/10\/151030_ICPT-300x205.png 300w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><figcaption id=\"caption-attachment-31479\" class=\"wp-caption-text\">Intercept Pharmaceuticals, Inc. (ICPT) plunged after its latest update on drug trials. Buyers stepped right in and completely closed the gap. Momentum has stalled since then.<\/figcaption><\/figure>\n<figure id=\"attachment_31480\" aria-describedby=\"caption-attachment-31480\" style=\"width: 540px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/10\/151030_SCTY.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/10\/151030_SCTY.png\" alt=\"Solar City (SCTY) followed through on multiple failures at 50DMA resistance with a post-earnings collapse to 2-year lows. The previous trading range (in dark, horizontal lines) is a distant memory.\" width=\"550\" height=\"375\" class=\"size-full wp-image-31480\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/10\/151030_SCTY.png 550w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/10\/151030_SCTY-300x205.png 300w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><figcaption id=\"caption-attachment-31480\" class=\"wp-caption-text\">Solar City (SCTY) followed through on multiple failures at 50DMA resistance with a post-earnings collapse to 2-year lows. The previous trading range (in dark, horizontal lines) is a distant memory.<\/figcaption><\/figure>\n<figure id=\"attachment_31481\" aria-describedby=\"caption-attachment-31481\" style=\"width: 540px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/10\/151030_TSLA.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/10\/151030_TSLA.png\" alt=\"Tesla Motors (TSLA) approaches earnings on Nov 3rd with a weak hand. Buyers have yet to step into the breach after criticism from Consumer Reports.\" width=\"550\" height=\"375\" class=\"size-full wp-image-31481\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/10\/151030_TSLA.png 550w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/10\/151030_TSLA-300x205.png 300w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><figcaption id=\"caption-attachment-31481\" class=\"wp-caption-text\">Tesla Motors (TSLA) approaches earnings on Nov 3rd with a weak hand. Buyers have yet to step into the breach after criticism from Consumer Reports.<\/figcaption><\/figure>\n<figure id=\"attachment_31482\" aria-describedby=\"caption-attachment-31482\" style=\"width: 540px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/10\/151030_TWTR.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/10\/151030_TWTR.png\" alt=\"A post-earnings sell-off for Twitter (TWTR) stopped cold at 50DMA support. Buyers nearly closed the entire gap but buying momentum has since stalled.\" width=\"550\" height=\"375\" class=\"size-full wp-image-31482\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/10\/151030_TWTR.png 550w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/10\/151030_TWTR-300x205.png 300w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><figcaption id=\"caption-attachment-31482\" class=\"wp-caption-text\">A post-earnings sell-off for Twitter (TWTR) stopped cold at 50DMA support. Buyers nearly closed the entire gap but buying momentum has since stalled.<\/figcaption><\/figure>\n<figure id=\"attachment_31483\" aria-describedby=\"caption-attachment-31483\" style=\"width: 540px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/10\/151030_WHR.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/10\/151030_WHR.png\" alt=\"Whirlpool (WHR) put on one of the bigger shows I have seen during this earnings season. WHR reported in the morning with a gap up. Sellers stepped in for the rest of the day as reactions turned negative to the conference call. Buyers took over again to register a net post-earnings gain. Note however that WHR is overall still following its 50DMA downward.\" width=\"550\" height=\"375\" class=\"size-full wp-image-31483\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/10\/151030_WHR.png 550w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/10\/151030_WHR-300x205.png 300w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><figcaption id=\"caption-attachment-31483\" class=\"wp-caption-text\">Whirlpool (WHR) put on one of the bigger shows I have seen during this earnings season. WHR reported in the morning with a gap up. Sellers stepped in for the rest of the day as reactions turned negative to the conference call. Buyers took over again to register a net post-earnings gain. Note however that WHR is overall still following its 50DMA downward.<\/figcaption><\/figure>\n<p><figure id=\"attachment_31484\" aria-describedby=\"caption-attachment-31484\" style=\"width: 540px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/10\/151030_BIDU.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/10\/151030_BIDU.png\" alt=\"Baidu (BIDU) has almost closed the big post-earnings gap down from July. Missing this resurgence has hurt, but I simply could not buy into the 50DMA breakout ahead of earnings at this juncture in the market. BIDU buyers are clearly snatching back control of this stock. A 200DMA breakout would add yet more confirmation.\" width=\"550\" height=\"375\" class=\"size-full wp-image-31484\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/10\/151030_BIDU.png 550w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/10\/151030_BIDU-300x205.png 300w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><figcaption id=\"caption-attachment-31484\" class=\"wp-caption-text\">Baidu (BIDU) has almost closed the big post-earnings gap down from July. Missing this resurgence has hurt, but I simply could not buy into the 50DMA breakout ahead of earnings at this juncture in the market. BIDU buyers are clearly snatching back control of this stock. A 200DMA breakout would add yet more confirmation.<\/figcaption><\/figure><br \/>\n<\/center><\/p>\n<p><center><br \/>\n<strong>Daily T2108 vs the S&amp;P 500<\/strong><br \/>\n<img loading=\"lazy\" decoding=\"async\" title=\"T2108 vs. the S&amp;P 500 (DAILY)\" src=\"http:\/\/www.drduru.com\/money\/charts\/T2108-daily_s.png\" alt=\"\" width=\"500\" height=\"350\" \/><\/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%)<br \/>\n<\/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\" src=\"http:\/\/www.drduru.com\/money\/charts\/T2108-weekly_s.png\" alt=\"Weekly T2108\" 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>The charts above are the my LATEST updates independent of the date of this given T2108 post. For my latest T2108 post <a href=\"http:\/\/drduru.com\/onetwentytwo\/tag\/t2108\/\" target=\"_blank\">click here<\/a>.<\/p>\n<p>\n<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: short GS, short TWTR put options<\/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 (October 30, 2015) &#8211; Post-Fed Momentum Quickly Stalls, Underlying Momentum Fades\" class=\"read-more\" href=\"https:\/\/drduru.com\/onetwentytwo\/2015\/11\/01\/t2108-update-151030\/\">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":[548,20,300,599,338,3,518,21],"tags":[760,299,208,1297,65,1170,226,1597,887,1258,1591,303,360],"class_list":["post-31472","post","type-post","status-publish","format-standard","hentry","category-financials","category-forex","category-health-care","category-internet","category-retail","category-solar-energy","category-transportation","category-u-s-dollar","tag-bidu","tag-dxy0","tag-gs","tag-icpt","tag-sp-500","tag-scty","tag-t2108","tag-technical-analysis","tag-tsla","tag-twtr","tag-u-s-dollar","tag-vix","tag-whr"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>T2108 Update (October 30, 2015) - Post-Fed Momentum Quickly Stalls, Underlying Momentum Fades - 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\/2015\/11\/01\/t2108-update-151030\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"T2108 Update (October 30, 2015) - Post-Fed Momentum Quickly Stalls, Underlying Momentum Fades - 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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