{"id":34737,"date":"2016-06-08T00:43:45","date_gmt":"2016-06-08T07:43:45","guid":{"rendered":"http:\/\/drduru.com\/onetwentytwo\/?p=34737"},"modified":"2016-06-08T00:43:45","modified_gmt":"2016-06-08T07:43:45","slug":"t2108-update-160607","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2016\/06\/08\/t2108-update-160607\/","title":{"rendered":"T2108 Update (June 7, 2016) &#8211; Follow-Through But No Breakout Yet"},"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>: 73.4% (overbought)<br \/>\n<strong>T2107 Status<\/strong>: 68.3%<br \/>\n<strong>VIX Status<\/strong>: 14.1<br \/>\n<strong>General (Short-term) Trading Call<\/strong>: cautiously bullish<br \/>\n<strong>Active T2108 periods<\/strong>: Day #80 over 20%, Day #79 over 30%, Day #76 over 40%, Day #10 over 50%, Day #9 over 60%, Day #2 over 70% (overbought)<\/p>\n<p><strong>Commentary<\/strong><br \/>\nThe S&#038;P 500 nudged higher with marginal gains thanks to a late day fade from the highs. The meager 0.1% gain on the day was of course unimpressive. Yet other indicators were a lot more encouraging. T2108, the percentage of stocks trading above their respective 40-day moving averages (DMAs), followed-through on the previous day&#8217;s punch into overbought territory with a close at 73.4%. This close near the highs of the day and a 2.48 percentage point gain delivered the convincing follow-through gain that the index did not. Even the NASDAQ underwhelmed with a 0.1% loss on the day.<\/p>\n<p>The highlight of the day was T2107, the percentage of stocks trading above their respective 200DMAs. Like T2108, T2107 followed through on the previous day&#8217;s gain, but it did not deliver the big breakout from the post-recession downtrend that I am eager to see. The chart below is a close-up on the recent action with the downtrend line represented by the black line in the upper-right corner. T2107 closed right under that line after a small fade&#8230;<\/p>\n<p><center><br \/>\n<figure id=\"attachment_34738\" aria-describedby=\"caption-attachment-34738\" style=\"width: 540px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/06\/160607_T2107.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/06\/160607_T2107.png\" alt=\"No breakout quite yet for T2107\" width=\"550\" height=\"375\" class=\"size-full wp-image-34738\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/06\/160607_T2107.png 550w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/06\/160607_T2107-300x205.png 300w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><figcaption id=\"caption-attachment-34738\" class=\"wp-caption-text\">No breakout quite yet for T2107<\/figcaption><\/figure><br \/>\n<\/center><\/p>\n<p>The volatility index, the VIX, made an interesting move by gapping down to 12.77 and then rallying for the rest of the day. The VIX is valiantly trying to hold the lows of the recent range. The failure of the VIX to proceed lower provides perfect tension against the market&#8217;s attempt to break out to a new all-time high.<\/p>\n<p><center><br \/>\n<figure id=\"attachment_34739\" aria-describedby=\"caption-attachment-34739\" style=\"width: 540px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/06\/160607_VIX.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/06\/160607_VIX.png\" alt=\"The volatility index rallies almost the entire day to recover from an initial gap down.\" width=\"550\" height=\"375\" class=\"size-full wp-image-34739\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/06\/160607_VIX.png 550w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/06\/160607_VIX-300x205.png 300w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><figcaption id=\"caption-attachment-34739\" class=\"wp-caption-text\">The volatility index rallies almost the entire day to recover from an initial gap down.<\/figcaption><\/figure><br \/>\n<\/center><\/p>\n<p>Two big moves caught most of my attention on the day: housing and retail.<\/p>\n<p>The iShares U.S. Home Construction ETF (ITB) popped 1.6% to easily out-perform the S&#038;P 500 on the day. Despite a fade from the intraday high, ITB still managed to score a marginal 6-month high. This is <a href=\"http:\/\/drduru.com\/onetwentytwo\/2016\/05\/25\/housing-market-review-may-2016\/\" target=\"_blank\">the follow-through buying I was looking for<\/a> to confirm that the ITB likely has more room to run past the expiration of <a href=\"http:\/\/seekingalpha.com\/article\/3961437-seasonal-trade-home-builders-worst-start-since-2009\" target=\"_blank\">the seasonal trade on home builders<\/a>. I will be launching a fresh tranche of call options on ITB and getting back into Toll Brothers (TOL). TOL looks like it sells well under potential value.<\/p>\n<p><center><br \/>\n<figure id=\"attachment_34740\" aria-describedby=\"caption-attachment-34740\" style=\"width: 540px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/06\/160607_ITB.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/06\/160607_ITB.png\" alt=\"The iShares US Home Construction (ITB) pops as buying volume picks up as well.\" width=\"550\" height=\"375\" class=\"size-full wp-image-34740\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/06\/160607_ITB.png 550w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/06\/160607_ITB-300x205.png 300w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><figcaption id=\"caption-attachment-34740\" class=\"wp-caption-text\">The iShares US Home Construction (ITB) pops as buying volume picks up as well.<\/figcaption><\/figure><\/p>\n<p><figure id=\"attachment_34741\" aria-describedby=\"caption-attachment-34741\" style=\"width: 540px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/06\/160607_TOL.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/06\/160607_TOL.png\" alt=\"Toll Brothers (TOL) has not quite broken out yet. Even when it does, the 200DMA looms overhead as downtrend resistance.\" width=\"550\" height=\"375\" class=\"size-full wp-image-34741\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/06\/160607_TOL.png 550w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/06\/160607_TOL-300x205.png 300w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><figcaption id=\"caption-attachment-34741\" class=\"wp-caption-text\">Toll Brothers (TOL) has not quite broken out yet. Even when it does, the 200DMA looms overhead as downtrend resistance.<\/figcaption><\/figure><br \/>\n<\/center><\/p>\n<p>Ralph Lauren (RL) provided the other big move. The stock gapped down at the open for a 10.2% loss. Buyers took over from there with a bold move to completely close the gap! This move is another example of the eagerness of buyers to grab &#8220;bargains&#8221;; the move represents an underlying preference to buy over sell in the current market. Before I turned cautiously bullish on the market, I had targeted SPDR S&#038;P Retail ETF (XRT) for a short given all the bad news from retailers this past earnings cycle. RL reminded me that sentiment may have already turned for the better in the sector.<\/p>\n<p><center><br \/>\n<figure id=\"attachment_34744\" aria-describedby=\"caption-attachment-34744\" style=\"width: 540px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/06\/160607_RL.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/06\/160607_RL.png\" alt=\"Ralph Lauren posts a very impressive post-earnings recovery.\" width=\"550\" height=\"375\" class=\"size-full wp-image-34744\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/06\/160607_RL.png 550w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/06\/160607_RL-300x205.png 300w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><figcaption id=\"caption-attachment-34744\" class=\"wp-caption-text\">Ralph Lauren posts a very impressive post-earnings recovery.<\/figcaption><\/figure><\/p>\n<figure id=\"attachment_34745\" aria-describedby=\"caption-attachment-34745\" style=\"width: 540px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/06\/160607_XRT.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/06\/160607_XRT.png\" alt=\"The SPDR S&amp;P Retail ETF (XRT) has steadily recovered since last month&#039;s low. XRT has almost filled the losses from the Macy&#039;s debacle.\" width=\"550\" height=\"375\" class=\"size-full wp-image-34745\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/06\/160607_XRT.png 550w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/06\/160607_XRT-300x205.png 300w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><figcaption id=\"caption-attachment-34745\" class=\"wp-caption-text\">The SPDR S&#038;P Retail ETF (XRT) has steadily recovered since last month&#8217;s low. XRT has almost filled the losses from the Macy&#8217;s debacle.<\/figcaption><\/figure>\n<figure id=\"attachment_34742\" aria-describedby=\"caption-attachment-34742\" style=\"width: 540px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/06\/160607_JWN.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/06\/160607_JWN.png\" alt=\"Nordstrom (JWN) has started to fill its post-earnings gap down.\" width=\"550\" height=\"375\" class=\"size-full wp-image-34742\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/06\/160607_JWN.png 550w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/06\/160607_JWN-300x205.png 300w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><figcaption id=\"caption-attachment-34742\" class=\"wp-caption-text\">Nordstrom (JWN) has started to fill its post-earnings gap down.<\/figcaption><\/figure>\n<p><figure id=\"attachment_34743\" aria-describedby=\"caption-attachment-34743\" style=\"width: 540px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/06\/160607_KORS.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/06\/160607_KORS.png\" alt=\"Michael Kors (KORS) trades above its 50DMA again.\" width=\"550\" height=\"375\" class=\"size-full wp-image-34743\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/06\/160607_KORS.png 550w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/06\/160607_KORS-300x205.png 300w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><figcaption id=\"caption-attachment-34743\" class=\"wp-caption-text\">Michael Kors (KORS) trades above its 50DMA again.<\/figcaption><\/figure><br \/>\n<\/center> <\/p>\n<p>&#8212; &#8211; &#8212;<\/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.hcom\/h-sc\/ui?s=$SPX&amp;p=D&amp;st=2015-12-07&amp;en=2016-06-07&amp;id=p14085208538\" target=\"_blank\">S&amp;P 500<\/a> or <a title=\"6-month chart of SPY\" href=\"http:\/\/stockcharts.com\/h-sc\/ui?s=SPY&amp;p=D&amp;st=2015-12-07&amp;en=2016-06-07&amp;id=p14085208538\" target=\"_blank\">SPY<\/a><br \/>\n<a title=\"6-month chart of the U.S. dollar\" href=\"http:\/\/stockcharts.com\/h-sc\/ui?s=$USD&amp;p=D&amp;st=2015-12-07&amp;en=2016-06-07&amp;id=p25615696567\" target=\"_blank\">U.S. Dollar Index<\/a> (U.S. dollar)<br \/>\n<a title=\"6-month chart of EEM\" href=\"http:\/\/stockcharts.com\/h-sc\/ui?s=EEM&amp;p=D&amp;st=2015-12-07&amp;en=2016-06-07&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=2015-12-07&amp;en=2016-06-07&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=2015-12-07&amp;en=2016-06-07&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=2015-12-07&amp;en=2016-06-07&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=2015-12-07&amp;en=2016-06-07&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=2015-12-07&amp;en=2016-06-07&amp;id=p15880085697\" target=\"_blank\">IBB<\/a> (iShares Nasdaq Biotechnology).<\/p>\n<p><center><br \/>\n<strong>Daily T2108 vs the S&amp;P 500<\/strong><br \/>\n<a href=\"http:\/\/www.drduru.com\/money\/charts\/T2108-daily_s.png\"><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\" \/><\/a><\/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\" \/><\/a><br \/>\n*<strong>All charts created using <\/strong><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: long UVXY call 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 (June 7, 2016) &#8211; Follow-Through But No Breakout Yet\" class=\"read-more\" href=\"https:\/\/drduru.com\/onetwentytwo\/2016\/06\/08\/t2108-update-160607\/\">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":[35,490,338,62],"tags":[1593,1206,802,1386,1722,65,362,225,226,37,282],"class_list":["post-34737","post","type-post","status-publish","format-standard","hentry","category-housing","category-overbought","category-retail","category-technical-analysis","tag-housing","tag-itb","tag-jwn","tag-kors","tag-rl","tag-sp-500","tag-spy","tag-t2107","tag-t2108","tag-tol","tag-xrt"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>T2108 Update (June 7, 2016) - Follow-Through But No Breakout Yet - 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\/2016\/06\/08\/t2108-update-160607\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"T2108 Update (June 7, 2016) - Follow-Through But No Breakout Yet - 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\/2016\/06\/08\/t2108-update-160607\/\" \/>\n<meta property=\"og:site_name\" content=\"ONE-TWENTY TWO: Trading Financial Markets\" \/>\n<meta property=\"article:published_time\" content=\"2016-06-08T07:43:45+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/06\/160607_T2107.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=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2016\\\/06\\\/08\\\/t2108-update-160607\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2016\\\/06\\\/08\\\/t2108-update-160607\\\/\"},\"author\":{\"name\":\"Dr. Duru\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\"},\"headline\":\"T2108 Update (June 7, 2016) &#8211; Follow-Through But No Breakout Yet\",\"datePublished\":\"2016-06-08T07:43:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2016\\\/06\\\/08\\\/t2108-update-160607\\\/\"},\"wordCount\":871,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\"},\"image\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2016\\\/06\\\/08\\\/t2108-update-160607\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2016\\\/06\\\/160607_T2107.png\",\"keywords\":[\"Housing\",\"ITB\",\"JWN\",\"KORS\",\"RL\",\"S&amp;P 500\",\"SPY\",\"T2107\",\"T2108\",\"TOL\",\"XRT\"],\"articleSection\":[\"Housing\",\"Overbought\",\"Retail\",\"Technical Analysis\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2016\\\/06\\\/08\\\/t2108-update-160607\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2016\\\/06\\\/08\\\/t2108-update-160607\\\/\",\"url\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2016\\\/06\\\/08\\\/t2108-update-160607\\\/\",\"name\":\"T2108 Update (June 7, 2016) - Follow-Through But No Breakout Yet - ONE-TWENTY TWO: Trading Financial Markets\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2016\\\/06\\\/08\\\/t2108-update-160607\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2016\\\/06\\\/08\\\/t2108-update-160607\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2016\\\/06\\\/160607_T2107.png\",\"datePublished\":\"2016-06-08T07:43:45+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2016\\\/06\\\/08\\\/t2108-update-160607\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2016\\\/06\\\/08\\\/t2108-update-160607\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2016\\\/06\\\/08\\\/t2108-update-160607\\\/#primaryimage\",\"url\":\"http:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2016\\\/06\\\/160607_T2107.png\",\"contentUrl\":\"http:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2016\\\/06\\\/160607_T2107.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2016\\\/06\\\/08\\\/t2108-update-160607\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"T2108 Update (June 7, 2016) &#8211; Follow-Through But No Breakout Yet\"}]},{\"@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 (June 7, 2016) - Follow-Through But No Breakout Yet - 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\/2016\/06\/08\/t2108-update-160607\/","og_locale":"en_US","og_type":"article","og_title":"T2108 Update (June 7, 2016) - Follow-Through But No Breakout Yet - 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\/2016\/06\/08\/t2108-update-160607\/","og_site_name":"ONE-TWENTY TWO: Trading Financial Markets","article_published_time":"2016-06-08T07:43:45+00:00","og_image":[{"url":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/06\/160607_T2107.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":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/drduru.com\/onetwentytwo\/2016\/06\/08\/t2108-update-160607\/#article","isPartOf":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2016\/06\/08\/t2108-update-160607\/"},"author":{"name":"Dr. Duru","@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0"},"headline":"T2108 Update (June 7, 2016) &#8211; Follow-Through But No Breakout Yet","datePublished":"2016-06-08T07:43:45+00:00","mainEntityOfPage":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2016\/06\/08\/t2108-update-160607\/"},"wordCount":871,"commentCount":0,"publisher":{"@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0"},"image":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2016\/06\/08\/t2108-update-160607\/#primaryimage"},"thumbnailUrl":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/06\/160607_T2107.png","keywords":["Housing","ITB","JWN","KORS","RL","S&amp;P 500","SPY","T2107","T2108","TOL","XRT"],"articleSection":["Housing","Overbought","Retail","Technical Analysis"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/drduru.com\/onetwentytwo\/2016\/06\/08\/t2108-update-160607\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/drduru.com\/onetwentytwo\/2016\/06\/08\/t2108-update-160607\/","url":"https:\/\/drduru.com\/onetwentytwo\/2016\/06\/08\/t2108-update-160607\/","name":"T2108 Update (June 7, 2016) - Follow-Through But No Breakout Yet - ONE-TWENTY TWO: Trading Financial Markets","isPartOf":{"@id":"https:\/\/drduru.com\/onetwentytwo\/#website"},"primaryImageOfPage":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2016\/06\/08\/t2108-update-160607\/#primaryimage"},"image":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2016\/06\/08\/t2108-update-160607\/#primaryimage"},"thumbnailUrl":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/06\/160607_T2107.png","datePublished":"2016-06-08T07:43:45+00:00","breadcrumb":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2016\/06\/08\/t2108-update-160607\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/drduru.com\/onetwentytwo\/2016\/06\/08\/t2108-update-160607\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/drduru.com\/onetwentytwo\/2016\/06\/08\/t2108-update-160607\/#primaryimage","url":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/06\/160607_T2107.png","contentUrl":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/06\/160607_T2107.png"},{"@type":"BreadcrumbList","@id":"https:\/\/drduru.com\/onetwentytwo\/2016\/06\/08\/t2108-update-160607\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/drduru.com\/onetwentytwo\/"},{"@type":"ListItem","position":2,"name":"T2108 Update (June 7, 2016) &#8211; Follow-Through But No Breakout Yet"}]},{"@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\/34737","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=34737"}],"version-history":[{"count":2,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts\/34737\/revisions"}],"predecessor-version":[{"id":34747,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts\/34737\/revisions\/34747"}],"wp:attachment":[{"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/media?parent=34737"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/categories?post=34737"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/tags?post=34737"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}