{"id":32022,"date":"2015-12-09T01:11:56","date_gmt":"2015-12-09T09:11:56","guid":{"rendered":"http:\/\/drduru.com\/onetwentytwo\/?p=32022"},"modified":"2015-12-09T01:11:56","modified_gmt":"2015-12-09T09:11:56","slug":"t2108-update-151208","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2015\/12\/09\/t2108-update-151208\/","title":{"rendered":"T2108 Update (December 8, 2015) – A Mild Down Day Hides Expanded Market Weakness"},"content":{"rendered":"

(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>: 30.6%
\nT2107 Status<\/strong>: 29.3%
\nVIX Status<\/strong>: 17.6
\nGeneral (Short-term) Trading Call<\/strong>: neutral
\nActive T2108 periods<\/strong>: Day #46 over 20%, Day #45 over 30% (overperiod), Day #2 under 40% (underperiod), Day #5 below 50%, Day #19 under 60%, Day #360 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).
\nIBB<\/a> (iShares Nasdaq Biotechnology).<\/p>\n

Commentary<\/strong>
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<\/p>\n
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%stocks>40DMA down to about 31% now. A 2-month low. With S&P 500 also approaching 50DMA support, potential short-term buy point. $SPY<\/a><\/p>\n

— Dr. Duru (@DrDuru) December 8, 2015<\/a><\/p><\/blockquote>\n