{"id":32685,"date":"2016-01-21T01:01:07","date_gmt":"2016-01-21T09:01:07","guid":{"rendered":"http:\/\/drduru.com\/onetwentytwo\/?p=32685"},"modified":"2016-01-21T07:26:48","modified_gmt":"2016-01-21T15:26:48","slug":"t2108-update-160120","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2016\/01\/21\/t2108-update-160120\/","title":{"rendered":"T2108 Update (January 20, 2016) – A Second Epic Oversold Period Over the Past Five Months"},"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>: 7.4% (as low as 3.8%!!! A 7+ year low! Only 27 trading days since 1986 have closed lower than 3.8%).
\nT2107 Status<\/strong>: 12.1% (a fresh near 7-year closing low. Was as low as 9.0%, a level last seen March, 2009)
\nVIX Status<\/strong>: 27.6 (faded from a high of the day at 32.1 to close right on the 2012 intraday high)
\nGeneral (Short-term) Trading Call<\/strong>: bullish
\nActive T2108 periods<\/strong>: Day #9 under 20%, Day #12 under 30%, Day #28 under 40%, Day #32 below 50%, Day #47 under 60%, Day #388 under 70%<\/p>\n

Commentary<\/strong>
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$SPY<\/a> is in extremely historic territory now => %stocks>40DMA=5.1%! %stocks>200DMA=10.4%. #T2108<\/a> #T2107<\/a> Close enuff to "freefall"<\/p>\n

— Dr. Duru (@DrDuru) January 20, 2016<\/a><\/p><\/blockquote>\n