{"id":32281,"date":"2015-12-30T01:12:55","date_gmt":"2015-12-30T09:12:55","guid":{"rendered":"http:\/\/drduru.com\/onetwentytwo\/?p=32281"},"modified":"2015-12-30T02:20:18","modified_gmt":"2015-12-30T10:20:18","slug":"t2108-update-151229","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2015\/12\/30\/t2108-update-151229\/","title":{"rendered":"T2108 Update (December 29, 2015) &#8211; A Convergence of Indicators May Signal A Firming Market"},"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 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>: 39.8%<br \/>\n<strong>T2107 Status<\/strong>: 31.1%<br \/>\n<strong>VIX Status<\/strong>: 16.1<br \/>\n<strong>General (Short-term) Trading Call<\/strong>: bullish &#8211; see below for caveats<br \/>\n<strong>Active T2108 periods<\/strong>: Day #10 over 20%, Day #4 over 30% (overperiod), Day #14 under 40% (underperiod), Day #18 below 50%, Day #33 under 60%, Day #374 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=$SPX&amp;p=D&amp;st=2015-06-29&amp;en=2015-12-29&amp;id=p14085208538\" target=\"_blank\">S&amp;P 500<\/a> or <a title=\"6-month chart of SPY\" href=\"http:\/\/stockcharts.com\/h-sc\/ui?s=SPY&amp;p=D&amp;st=2015-06-29&amp;en=2015-12-29&amp;id=p14085208538\" target=\"_blank\">SPY<\/a><br \/>\n<a title=\"6-month chart of SDS\" href=\"http:\/\/stockcharts.com\/h-sc\/ui?s=SDS&amp;p=D&amp;st=2015-06-29&amp;en=2015-12-29&amp;id=p15880085697\" target=\"_blank\">SDS<\/a> (ProShares UltraShort S&amp;P500)<br \/>\n<a title=\"6-month chart of the U.S. dollar\" href=\"http:\/\/stockcharts.com\/h-sc\/ui?s=$USD&amp;p=D&amp;st=2015-06-29&amp;en=2015-12-29&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=2015-06-29&amp;en=2015-12-29&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=2015-06-29&amp;en=2015-12-29&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=2015-06-29&amp;en=2015-12-29&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=2015-06-29&amp;en=2015-12-29&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=2015-06-29&amp;en=2015-12-29&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=2015-06-29&amp;en=2015-12-29&amp;id=p15880085697\" target=\"_blank\">IBB<\/a> (iShares Nasdaq Biotechnology).<\/p>\n<p><strong>Commentary<\/strong><br \/>\nThe S&#038;P 500 (SPY) is flat for December. The index is up a mere 0.9% year-to-date &#8211; close to <a href=\"http:\/\/seekingalpha.com\/article\/2962726-the-january-barometer-appears-set-to-fail-again-this-year\" target=\"_blank\">contradicting the &#8220;January barometer&#8221; once again<\/a>. <a href=\"http:\/\/drduru.com\/onetwentytwo\/2015\/12\/23\/t2108-update-151223\/\" target=\"_blank\">The Santa Claus rally<\/a> is a clear winner with a 3.2% gain so far. Most importantly, the S&#038;P 500 once again closed above its 50 and 200-day moving averages (DMAs). The index is even (marginally) at a post-Fed high. Only a short-term downtrend divides the index between yet more churn and a potentially important breakout.<\/p>\n<p><center><br \/>\n<figure id=\"attachment_32283\" aria-describedby=\"caption-attachment-32283\" style=\"width: 540px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/12\/151229_SP500.png\" rel=\"attachment wp-att-32283\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/12\/151229_SP500.png\" alt=\"Is the S&amp;P 500 setting up for a big breakout or more churn and disappointment?\" width=\"550\" height=\"375\" class=\"size-full wp-image-32283\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/12\/151229_SP500.png 550w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/12\/151229_SP500-300x205.png 300w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><figcaption id=\"caption-attachment-32283\" class=\"wp-caption-text\">Is the S&#038;P 500 setting up for a big breakout or more churn and disappointment?<\/figcaption><\/figure><br \/>\n<\/center><\/p>\n<p>The NASDAQ (QQQ) experienced a cleaner breakout above 50DMA resistance but it also now faces critical resistance looming overhead from a short-term trendline connecting the last two peaks.<\/p>\n<p><center><br \/>\n<figure id=\"attachment_32284\" aria-describedby=\"caption-attachment-32284\" style=\"width: 540px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/12\/151229_NASDAQ.png\" rel=\"attachment wp-att-32284\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/12\/151229_NASDAQ.png\" alt=\"The NASDAQ is trying to make another move.\" width=\"550\" height=\"375\" class=\"size-full wp-image-32284\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/12\/151229_NASDAQ.png 550w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/12\/151229_NASDAQ-300x205.png 300w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><figcaption id=\"caption-attachment-32284\" class=\"wp-caption-text\">The NASDAQ is trying to make another move.<\/figcaption><\/figure><br \/>\n<\/center><\/p>\n<p><a href=\"http:\/\/drduru.com\/onetwentytwo\/tag\/t2108\/\" target=\"_blank\">T2108<\/a>, the percentage of stocks trading above their respective 40DMAs, closed strong at 39.8%. This level is a three-week high. T2108 confirms the bullishness of the S&#038;P 500 which also closed at a 3-week high. <a href=\"http:\/\/drduru.com\/onetwentytwo\/tag\/t2107\/\" target=\"_blank\">T2107<\/a>, the percentage of stocks trading above their respective 200DMAs, is even adding its weight to the general bullishness. At 31.1%, T2107 is also at a 3-week high.<\/p>\n<p>The volatility index, the VIX, is a lingering holdout. It is hovering above the critical 15.35 pivot. This pivot has served as general support for over two months now. <\/p>\n<p><center><br \/>\n<figure id=\"attachment_32292\" aria-describedby=\"caption-attachment-32292\" style=\"width: 540px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/12\/151229_VIX.png\" rel=\"attachment wp-att-32292\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/12\/151229_VIX.png\" alt=\"The volatility index is hovering just above a bullish breakdown...\" width=\"550\" height=\"375\" class=\"size-full wp-image-32292\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/12\/151229_VIX.png 550w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/12\/151229_VIX-300x205.png 300w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><figcaption id=\"caption-attachment-32292\" class=\"wp-caption-text\">The volatility index is hovering just above a bullish breakdown&#8230;<\/figcaption><\/figure><br \/>\n<\/center><\/p>\n<p>Finally, the U.S. dollar index is trading around and below its pre-Fed level. This lackluster support for the dollar suggests a lack of excitement for the potential of extended policy divergence going into 2016. Conventional wisdom says that a &#8220;calm&#8221; dollar is good for the stock market. I think the calm may at least benefit sentiment and those who chase &#8220;risk on&#8221; trades. However, I am looking to buy future dips in the dollar.<\/p>\n<p><center><br \/>\n<figure id=\"attachment_32293\" aria-describedby=\"caption-attachment-32293\" style=\"width: 540px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/12\/151229_DXY0.png\" rel=\"attachment wp-att-32293\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/12\/151229_DXY0.png\" alt=\"Will the uptrending 50DMA be enough to tease the U.S. dollar higher and resume the very brief post-Fed momentum.\" width=\"550\" height=\"375\" class=\"size-full wp-image-32293\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/12\/151229_DXY0.png 550w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/12\/151229_DXY0-300x205.png 300w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><figcaption id=\"caption-attachment-32293\" class=\"wp-caption-text\">Will the uptrending 50DMA be enough to tease the U.S. dollar higher and resume the very brief post-Fed momentum.<\/figcaption><\/figure><br \/>\n<\/center><\/p>\n<p>So as 2015 comes to a close, the stock market is delivering a convergence of indicators pointing to a breakout start to 2016. T2108 certainly has some room to run toward overbought levels (70%). For bullish confirmation, I am looking for the S&#038;P 500 to print a strong close above the downtrend line pointed out above. I am still getting over my surprise that the index managed to close so strongly above combined resistance at the 50 and 200DMAs.<\/p>\n<p>In the meantime, Bed Bath and Beyond (BBBY) recently caught my attention after it reduced guidance on December 23rd. I have been watching <a href=\"http:\/\/drduru.com\/onetwentytwo\/2015\/12\/01\/a-time-to-short-retail-etf\/\" target=\"_blank\">one retail stock after another crater since October<\/a>. BBBY is one I should have had on my radar earlier. The stock made a &#8220;slow motion&#8221; double top over the first 3 1\/2 months or so of 2015. A sell-off in November confirmed the double-top.<\/p>\n<p><center><br \/>\n<figure id=\"attachment_32294\" aria-describedby=\"caption-attachment-32294\" style=\"width: 540px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/12\/151229_BBBY.png\" rel=\"attachment wp-att-32294\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/12\/151229_BBBY.png\" alt=\"Bed Bath &amp; Beyond Inc. (BBBY) continues to sink in what looks like a major topping pattern.\" width=\"550\" height=\"375\" class=\"size-full wp-image-32294\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/12\/151229_BBBY.png 550w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/12\/151229_BBBY-300x205.png 300w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><figcaption id=\"caption-attachment-32294\" class=\"wp-caption-text\">Bed Bath &#038; Beyond Inc. (BBBY) continues to sink in what looks like a major topping pattern.<\/figcaption><\/figure><br \/>\n<\/center><\/p>\n<p>On the other hand, I HAVE checked-in periodically on fallen angel Wal-Mart Stores Inc. (WMT). It looks like value investors may FINALLY be nibbling on the stock.  <\/p>\n<p><center><br \/>\n<figure id=\"attachment_32296\" aria-describedby=\"caption-attachment-32296\" style=\"width: 540px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/12\/151229_WMT.png\" rel=\"attachment wp-att-32296\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/12\/151229_WMT.png\" alt=\"Wal-Mart Stores (WMT) has stopped bleeding. A gap up and a drift above 50DMA resistance my be signalling a more sustainable bottom.\" width=\"550\" height=\"375\" class=\"size-full wp-image-32296\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/12\/151229_WMT.png 550w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/12\/151229_WMT-300x205.png 300w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><figcaption id=\"caption-attachment-32296\" class=\"wp-caption-text\">Wal-Mart Stores (WMT) has stopped bleeding. A gap up and a drift above 50DMA resistance my be signalling a more sustainable bottom.<\/figcaption><\/figure><br \/>\n<\/center><\/p>\n<p>WMT&#8217;s bleeding appears to have ended. The stock gapped up when WMT delivered guidance in November and has managed to drift above 50DMA resistance since then. The stock even survived a gap fill on December 2nd. While a bottom is far from confirmed until WMT reverses the awful sell-off from October, it seems that it is time to <a href=\"http:\/\/drduru.com\/onetwentytwo\/2015\/12\/16\/anatomy-of-a-bottom-do-not-argue-with-sellers-celebrate-with-buyers\/\" target=\"_blank\">&#8220;celebrate with the buyers&#8221; per the method I laid out for bottom-fishing<\/a>. The stop on WMT would be a new 4-year low at $56 or lower. A more conservative stop-loss sits at $58 which would once again fill the November gap-up and break the most recent low.<\/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: net long the U.S. dollar, long UVXY 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 (December 29, 2015) &#8211; A Convergence of Indicators May Signal A Firming Market\" class=\"read-more\" href=\"https:\/\/drduru.com\/onetwentytwo\/2015\/12\/30\/t2108-update-151229\/\">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":[482,20,338,62,21],"tags":[932,299,413,535,65,226,1597,1591,303,931,1177],"class_list":["post-32281","post","type-post","status-publish","format-standard","hentry","category-breakout","category-forex","category-retail","category-technical-analysis","category-u-s-dollar","tag-bbby","tag-dxy0","tag-nasdaq","tag-qqq","tag-sp-500","tag-t2108","tag-technical-analysis","tag-u-s-dollar","tag-vix","tag-volatility-index","tag-wmt"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>T2108 Update (December 29, 2015) - A Convergence of Indicators May Signal A Firming Market - 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\/12\/30\/t2108-update-151229\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"T2108 Update (December 29, 2015) - A Convergence of Indicators May Signal A Firming Market - 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 ... Read more\" \/>\n<meta property=\"og:url\" content=\"https:\/\/drduru.com\/onetwentytwo\/2015\/12\/30\/t2108-update-151229\/\" \/>\n<meta property=\"og:site_name\" content=\"ONE-TWENTY TWO: Trading Financial Markets\" \/>\n<meta property=\"article:published_time\" content=\"2015-12-30T09:12:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2015-12-30T10:20:18+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/12\/151229_SP500.png\" \/>\n<meta name=\"author\" content=\"Dr. Duru\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@drduru\" \/>\n<meta name=\"twitter:site\" content=\"@drduru\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Dr. Duru\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2015\\\/12\\\/30\\\/t2108-update-151229\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2015\\\/12\\\/30\\\/t2108-update-151229\\\/\"},\"author\":{\"name\":\"Dr. Duru\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\"},\"headline\":\"T2108 Update (December 29, 2015) &#8211; A Convergence of Indicators May Signal A Firming Market\",\"datePublished\":\"2015-12-30T09:12:55+00:00\",\"dateModified\":\"2015-12-30T10:20:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2015\\\/12\\\/30\\\/t2108-update-151229\\\/\"},\"wordCount\":952,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\"},\"image\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2015\\\/12\\\/30\\\/t2108-update-151229\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2015\\\/12\\\/151229_SP500.png\",\"keywords\":[\"BBBY\",\"DXY0\",\"NASDAQ\",\"QQQ\",\"S&amp;P 500\",\"T2108\",\"Technical Analysis\",\"U.S. Dollar\",\"VIX\",\"volatility index\",\"WMT\"],\"articleSection\":[\"Breakout\",\"Forex\",\"Retail\",\"Technical Analysis\",\"U.S. Dollar\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2015\\\/12\\\/30\\\/t2108-update-151229\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2015\\\/12\\\/30\\\/t2108-update-151229\\\/\",\"url\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2015\\\/12\\\/30\\\/t2108-update-151229\\\/\",\"name\":\"T2108 Update (December 29, 2015) - A Convergence of Indicators May Signal A Firming Market - ONE-TWENTY TWO: Trading Financial Markets\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2015\\\/12\\\/30\\\/t2108-update-151229\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2015\\\/12\\\/30\\\/t2108-update-151229\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2015\\\/12\\\/151229_SP500.png\",\"datePublished\":\"2015-12-30T09:12:55+00:00\",\"dateModified\":\"2015-12-30T10:20:18+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2015\\\/12\\\/30\\\/t2108-update-151229\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2015\\\/12\\\/30\\\/t2108-update-151229\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2015\\\/12\\\/30\\\/t2108-update-151229\\\/#primaryimage\",\"url\":\"http:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2015\\\/12\\\/151229_SP500.png\",\"contentUrl\":\"http:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2015\\\/12\\\/151229_SP500.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2015\\\/12\\\/30\\\/t2108-update-151229\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"T2108 Update (December 29, 2015) &#8211; A Convergence of Indicators May Signal A Firming Market\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#website\",\"url\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/\",\"name\":\"ONE-TWENTY TWO: Trading Financial Markets\",\"description\":\"Exploring the poetry in financial markets for students of money and economy since the year 2000.\",\"publisher\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":[\"Person\",\"Organization\"],\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\",\"name\":\"Dr. Duru\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2018\\\/09\\\/cropped-masthead-header.jpg\",\"url\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2018\\\/09\\\/cropped-masthead-header.jpg\",\"contentUrl\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2018\\\/09\\\/cropped-masthead-header.jpg\",\"width\":900,\"height\":100,\"caption\":\"Dr. Duru\"},\"logo\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2018\\\/09\\\/cropped-masthead-header.jpg\"},\"sameAs\":[\"http:\\\/\\\/www.drduru.com\\\/onetwentytwo\",\"https:\\\/\\\/www.instagram.com\\\/drduru_market_breadth\\\/\",\"https:\\\/\\\/x.com\\\/drduru\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"T2108 Update (December 29, 2015) - A Convergence of Indicators May Signal A Firming Market - ONE-TWENTY TWO: Trading Financial Markets","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/drduru.com\/onetwentytwo\/2015\/12\/30\/t2108-update-151229\/","og_locale":"en_US","og_type":"article","og_title":"T2108 Update (December 29, 2015) - A Convergence of Indicators May Signal A Firming Market - ONE-TWENTY TWO: Trading Financial Markets","og_description":"(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 ... Read more","og_url":"https:\/\/drduru.com\/onetwentytwo\/2015\/12\/30\/t2108-update-151229\/","og_site_name":"ONE-TWENTY TWO: Trading Financial Markets","article_published_time":"2015-12-30T09:12:55+00:00","article_modified_time":"2015-12-30T10:20:18+00:00","og_image":[{"url":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/12\/151229_SP500.png","type":"","width":"","height":""}],"author":"Dr. Duru","twitter_card":"summary_large_image","twitter_creator":"@drduru","twitter_site":"@drduru","twitter_misc":{"Written by":"Dr. Duru","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/drduru.com\/onetwentytwo\/2015\/12\/30\/t2108-update-151229\/#article","isPartOf":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2015\/12\/30\/t2108-update-151229\/"},"author":{"name":"Dr. Duru","@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0"},"headline":"T2108 Update (December 29, 2015) &#8211; A Convergence of Indicators May Signal A Firming Market","datePublished":"2015-12-30T09:12:55+00:00","dateModified":"2015-12-30T10:20:18+00:00","mainEntityOfPage":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2015\/12\/30\/t2108-update-151229\/"},"wordCount":952,"commentCount":0,"publisher":{"@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0"},"image":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2015\/12\/30\/t2108-update-151229\/#primaryimage"},"thumbnailUrl":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/12\/151229_SP500.png","keywords":["BBBY","DXY0","NASDAQ","QQQ","S&amp;P 500","T2108","Technical Analysis","U.S. Dollar","VIX","volatility index","WMT"],"articleSection":["Breakout","Forex","Retail","Technical Analysis","U.S. Dollar"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/drduru.com\/onetwentytwo\/2015\/12\/30\/t2108-update-151229\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/drduru.com\/onetwentytwo\/2015\/12\/30\/t2108-update-151229\/","url":"https:\/\/drduru.com\/onetwentytwo\/2015\/12\/30\/t2108-update-151229\/","name":"T2108 Update (December 29, 2015) - A Convergence of Indicators May Signal A Firming Market - ONE-TWENTY TWO: Trading Financial Markets","isPartOf":{"@id":"https:\/\/drduru.com\/onetwentytwo\/#website"},"primaryImageOfPage":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2015\/12\/30\/t2108-update-151229\/#primaryimage"},"image":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2015\/12\/30\/t2108-update-151229\/#primaryimage"},"thumbnailUrl":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/12\/151229_SP500.png","datePublished":"2015-12-30T09:12:55+00:00","dateModified":"2015-12-30T10:20:18+00:00","breadcrumb":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2015\/12\/30\/t2108-update-151229\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/drduru.com\/onetwentytwo\/2015\/12\/30\/t2108-update-151229\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/drduru.com\/onetwentytwo\/2015\/12\/30\/t2108-update-151229\/#primaryimage","url":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/12\/151229_SP500.png","contentUrl":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2015\/12\/151229_SP500.png"},{"@type":"BreadcrumbList","@id":"https:\/\/drduru.com\/onetwentytwo\/2015\/12\/30\/t2108-update-151229\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/drduru.com\/onetwentytwo\/"},{"@type":"ListItem","position":2,"name":"T2108 Update (December 29, 2015) &#8211; A Convergence of Indicators May Signal A Firming Market"}]},{"@type":"WebSite","@id":"https:\/\/drduru.com\/onetwentytwo\/#website","url":"https:\/\/drduru.com\/onetwentytwo\/","name":"ONE-TWENTY TWO: Trading Financial Markets","description":"Exploring the poetry in financial markets for students of money and economy since the year 2000.","publisher":{"@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/drduru.com\/onetwentytwo\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":["Person","Organization"],"@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0","name":"Dr. Duru","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/09\/cropped-masthead-header.jpg","url":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/09\/cropped-masthead-header.jpg","contentUrl":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/09\/cropped-masthead-header.jpg","width":900,"height":100,"caption":"Dr. Duru"},"logo":{"@id":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/09\/cropped-masthead-header.jpg"},"sameAs":["http:\/\/www.drduru.com\/onetwentytwo","https:\/\/www.instagram.com\/drduru_market_breadth\/","https:\/\/x.com\/drduru"]}]}},"_links":{"self":[{"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts\/32281","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/comments?post=32281"}],"version-history":[{"count":7,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts\/32281\/revisions"}],"predecessor-version":[{"id":32307,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts\/32281\/revisions\/32307"}],"wp:attachment":[{"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/media?parent=32281"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/categories?post=32281"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/tags?post=32281"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}