{"id":36872,"date":"2016-11-03T20:34:29","date_gmt":"2016-11-04T03:34:29","guid":{"rendered":"http:\/\/drduru.com\/onetwentytwo\/?p=36872"},"modified":"2016-11-03T20:34:29","modified_gmt":"2016-11-04T03:34:29","slug":"t2108-update-161103","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2016\/11\/03\/t2108-update-161103\/","title":{"rendered":"T2108 Update (November 3, 2016) – Preparing for Oversold Trading As Bearish Signals Converge"},"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>: 22.3%
\nT2107 Status<\/strong>: 48.1%
\nVIX Status<\/strong>: 22.1 (a 14.3% gain, the VIX was as high as 22.6)
\nGeneral (Short-term) Trading Call<\/strong>: cautiously bullish
\nActive T2108 periods<\/strong>: Day #179 over 20%, Day #5 under 30% (underperiod), Day #10 under 40%, Day #27 under 50%, Day #42 under 60%, Day #68 under 70%<\/p>\n

Commentary<\/strong>
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Surprising bullish divergence with $SPY<\/a> red while %stocks>40DMA gains. I don't think this will last though. Oversold coming (<20%) #T2108<\/a><\/p>\n

— Dr. Duru (@DrDuru) November 3, 2016<\/a><\/p><\/blockquote>\n