{"id":35841,"date":"2016-08-18T02:30:25","date_gmt":"2016-08-18T09:30:25","guid":{"rendered":"http:\/\/drduru.com\/onetwentytwo\/?p=35841"},"modified":"2016-08-18T02:30:25","modified_gmt":"2016-08-18T09:30:25","slug":"t2108-update-160817","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2016\/08\/18\/t2108-update-160817\/","title":{"rendered":"T2108 Update (August 17, 2016) – The S&P 500 Overcomes Another Bearish Signal"},"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>: 62.7% (59.0% at the low)
\nT2107 Status<\/strong>: 71.7%
\nVIX Status<\/strong>: 12.2 (as high as 13.7)
\nGeneral (Short-term) Trading Call<\/strong>: neutral
\nActive T2108 periods<\/strong>: Day #127 over 20%, Day #33 over 30%, Day #32 over 40%, Day #31 over 50%, Day #8 over 60% (overperiod), Day #10 under 70%<\/p>\n

Commentary<\/strong>
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%stocks>40DMA ~ 60%. This is the second pullback from overbought threshold (70%) in August. Conditions looking bearish again. #T2108<\/a> $SPY<\/a><\/p>\n

— Dr. Duru (@DrDuru) August 17, 2016<\/a><\/p><\/blockquote>\n