{"id":39387,"date":"2017-05-17T02:52:41","date_gmt":"2017-05-17T09:52:41","guid":{"rendered":"http:\/\/drduru.com\/onetwentytwo\/?p=39387"},"modified":"2017-05-17T02:52:41","modified_gmt":"2017-05-17T09:52:41","slug":"t2108-update-170516","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2017\/05\/17\/t2108-update-170516\/","title":{"rendered":"Above the 40 (May 16, 2017) &#8211; Stock Market Drag"},"content":{"rendered":"<p><strong>AT40<\/strong> = 48.2% of stocks are trading above their respective 40-day moving averages (DMAs)<br \/>\n<strong>AT200<\/strong> = 55.6% of stocks are trading above their respective 200DMAs<br \/>\n<strong>VIX<\/strong> = 10.7 (volatility index)<br \/>\n<strong>Short-term Trading Call<\/strong>: cautiously bullish (downgrade from bullish)<\/p>\n<p><strong>Commentary<\/strong><br \/>\nTime to downgrade my bullishness to &#8220;cautiously bullish.&#8221;<\/p>\n<p>While the S&#038;P 500 (SPY) made a new (marginal) all-time high on Monday and fell back Tuesday just ever so slightly, the surrounding context for the market is deteriorating again. AT40 (T2108), the percentage of stocks trading above their respective 40-day moving averages (DMAs), closed at 48.2%. These levels are surprisingly low given the S&#038;P 500&#8217;s new records but at least my favorite technical indicator has more or less stabilized over the past two weeks. More concerning is AT200 (T2107), the percentage of stocks trading above their respective 200DMAs. AT200 closed at 55.6%, a new 6-month low. The intraday low was also a new 6-month low. In other words, while the S&#038;P 500 tentatively stretches higher, the mass of stocks are collectively providing a drag.<\/p>\n<p><center><br \/>\n<figure id=\"attachment_39388\" aria-describedby=\"caption-attachment-39388\" style=\"width: 540px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2017\/05\/170516_SP500.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2017\/05\/170516_SP500.png\" alt=\"The S&amp;P 500 (SPY) is on the edge of a major breakout. Can the uptrending 20DMA provide a launching pad?\" width=\"550\" height=\"499\" class=\"size-full wp-image-39388\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2017\/05\/170516_SP500.png 550w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2017\/05\/170516_SP500-300x272.png 300w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><figcaption id=\"caption-attachment-39388\" class=\"wp-caption-text\">The S&#038;P 500 (SPY) is on the edge of a major breakout. Can the uptrending 20DMA provide a launching pad?<\/figcaption><\/figure><br \/>\n<\/center><\/p>\n<p>The NASDAQ (QQQ)* is also making new all-time highs but in a much more convincing way. The tech-laden index is in an uptrend with persistent momentum and printed a new all-time high that left the S&#038;P 500 behind again.<\/p>\n<p><center><br \/>\n<figure id=\"attachment_39389\" aria-describedby=\"caption-attachment-39389\" style=\"width: 540px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2017\/05\/170516_NASDAQ.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2017\/05\/170516_NASDAQ.png\" alt=\"The NASDAQ (QQQ) keeps reaching for the sky.\" width=\"550\" height=\"496\" class=\"size-full wp-image-39389\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2017\/05\/170516_NASDAQ.png 550w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2017\/05\/170516_NASDAQ-300x271.png 300w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><figcaption id=\"caption-attachment-39389\" class=\"wp-caption-text\">The NASDAQ (QQQ) keeps reaching for the sky.<\/figcaption><\/figure><br \/>\n<\/center><\/p>\n<p>Since the &#8220;<a href=\"http:\/\/drduru.com\/onetwentytwo\/2017\/04\/24\/t2108-update-170424\/\" target=\"_blank\">French Fly<\/a>,&#8221; the volatility index has traded below 11.3 and closed most days below 11, qualifying for a period of extremely low volatility. As a reminder, the surprising implication of such a period is that <a href=\"http:\/\/drduru.com\/onetwentytwo\/2017\/02\/12\/surprising-implications-of-extremely-low-volatility\/\" target=\"_blank\">it represents bullish prospects for the stock market<\/a> and NOT bearish ones.<\/p>\n<p><center><br \/>\n<figure id=\"attachment_39394\" aria-describedby=\"caption-attachment-39394\" style=\"width: 540px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2017\/05\/170516_VIX.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2017\/05\/170516_VIX.png\" alt=\"The volatility index (VIX) is churning in a region of extremely low volatility - almost as if the French presidential election was the market&#039;s last big concern...\" width=\"550\" height=\"480\" class=\"size-full wp-image-39394\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2017\/05\/170516_VIX.png 550w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2017\/05\/170516_VIX-300x262.png 300w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><figcaption id=\"caption-attachment-39394\" class=\"wp-caption-text\">The volatility index (VIX) is churning in a region of extremely low volatility &#8211; almost as if the French presidential election was the market&#8217;s last big concern&#8230;<\/figcaption><\/figure><br \/>\n<\/center><\/p>\n<p>Taken together, I have reasons to stay bullish but every reason to back off into a cautious posture. A convincing breakout for the S&#038;P 500 would motivate me to relax again. However, <a href=\"http:\/\/drduru.com\/onetwentytwo\/2017\/05\/17\/forex-critical-breakdown-us-dollar\/\" target=\"_blank\">the breakdown of the U.S. dollar (DXY0)<\/a> has emerged on my radar as a potential catalyst for shaking the market out of its blissful slumber.<\/p>\n<p>Insider stock purchases can provide reassurances. There are two such cases that have caught my close attention: Twilio (TWLO) and Twitter (TWTR).<\/p>\n<p>I wrote about TWLO two weeks ago to describe how <a href=\"http:\/\/drduru.com\/onetwentytwo\/2017\/05\/04\/awful-offerings-confirmed-acacia-communications-twilio\/\" target=\"_blank\">its latest post-earnings implosion confirmed my earlier warnings about the stock<\/a>. In response to a Jim Cramer interview of the CEO, I suggested only buying the stock after it managed to print a new post-earnings high. A different trigger has appeared in the form of a major CEO purchase of shares. The stock gapped up in response but clearly showed the lingering effect of burned traders and investors. Two days later, TWLO finally confirmed the potential bullish implications of the CEO purchase with a close higher than the high of the day the news broke. I am now long TWLO call options.<\/p>\n<p><center><br \/>\n<figure id=\"attachment_39391\" aria-describedby=\"caption-attachment-39391\" style=\"width: 540px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2017\/05\/170516_TWLO.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2017\/05\/170516_TWLO.png\" alt=\"Twilio (TWLO) is bouncing off an all-time low along with news of the CEO loading up on his company&#039;s beaten up shares.\" width=\"550\" height=\"518\" class=\"size-full wp-image-39391\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2017\/05\/170516_TWLO.png 550w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2017\/05\/170516_TWLO-300x283.png 300w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><figcaption id=\"caption-attachment-39391\" class=\"wp-caption-text\">Twilio (TWLO) is bouncing off an all-time low along with news of the CEO loading up on his company&#8217;s beaten up shares.<\/figcaption><\/figure><br \/>\n<\/center><\/p>\n<p><a href=\"http:\/\/drduru.com\/onetwentytwo\/2016\/12\/11\/twitter-as-a-trump-trade\/\" target=\"_blank\">I wrote about TWTR as a twist on a Trump Trade<\/a>. TWTR proceeded to sell off from there and has only just now surpassed its price at the time of my post. In between, I was stubborn enough to buy shares and sell put options (now closed out). More importantly, co-founder and CEO of Twitter Jack Dorsey loaded up on TWTR shares TWICE. The market completely ignored the first purchase. The second time may have been the charm. The news came on the heels of an earnings report that actually garnered a positive response (a gap up even). Fortunes may FINALLY be turning around for TWTR&#8230;<\/p>\n<p><center><br \/>\n<figure id=\"attachment_39392\" aria-describedby=\"caption-attachment-39392\" style=\"width: 540px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2017\/05\/170516_TWTR.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2017\/05\/170516_TWTR.png\" alt=\"The news flow for Twitter (TWTR) seems to be turning around again. The market ignored Dorsey&#039;s February insider purchase but seems to be responding positively to Dorsey&#039;s latest purchase.\" width=\"550\" height=\"525\" class=\"size-full wp-image-39392\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2017\/05\/170516_TWTR.png 550w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2017\/05\/170516_TWTR-300x286.png 300w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><figcaption id=\"caption-attachment-39392\" class=\"wp-caption-text\">The news flow for Twitter (TWTR) seems to be turning around again. The market ignored Dorsey&#8217;s February insider purchase but seems to be responding positively to Dorsey&#8217;s latest purchase.<\/figcaption><\/figure><br \/>\n<\/center><\/p>\n<p>Be careful out there!<\/p>\n<p>&#8212; &#8211; &#8212;<br \/>\n<center><br \/>\n<strong>FOLLOW Dr. Duru&#8217;s commentary on financial markets via <a href=\"https:\/\/feedburner.google.com\/fb\/a\/mailverify?uri=onetwentytwo\" target=\"_blank\">email<\/a>, <a href=\"http:\/\/stocktwits.com\/DrDuru\" target=\"_blank\">StockTwits<\/a>, <a href=\"https:\/\/twitter.com\/DrDuru\" target=\"_blank\">Twitter<\/a>, and even <a href=\"https:\/\/www.instagram.com\/drduru_market_breadth\/\" target=\"_blank\">Instagram<\/a>!<\/strong><br \/>\n<\/center><\/p>\n<p>&#8220;Above the 40&#8221; uses the percentage of stocks trading above their respective 40-day moving averages (DMAs) to assess the technical health of the stock market and to identify extremes in market sentiment that are likely to reverse. Abbreviated as AT40, Above the 40 is an alternative label for &#8220;T2108&#8221; which was created by <a href=\"http:\/\/www.worden.com\/CURRENTAFPROMO.aspx?AFCODE=866\" target=\"_blank\">Worden<\/a>. Learn more about T2108 on my <a href=\"http:\/\/drduru.com\/onetwentytwo\/about\/t2108-resource-page\/\">T2108 Resource Page<\/a>. AT200, or T2107, measures the percentage of stocks trading above their respective 200DMAs.<\/p>\n<p><strong>Active AT40 (T2108) periods<\/strong>: Day #311 over 20%, Day #131 over 30%, Day #21 over 40% (overperiod), Day #1 under 50% (underperiod, ending 1 day over 50%), Day #13 under 60%, Day #83 under 70%<\/p>\n<p><center><br \/>\n<strong>Daily AT40 (T2108)<\/strong><br \/>\n<a href=\"http:\/\/www.drduru.com\/money\/charts\/T2108-daily_s.png\"><img loading=\"lazy\" decoding=\"async\" title=\"T2108 (DAILY)\" src=\"http:\/\/www.drduru.com\/money\/charts\/T2108-daily_s.png\" alt=\"\" width=\"500\" height=\"350\" \/><\/a><\/p>\n<p>Black line: AT40 (T2108) (% measured on the right)<br \/>\nRed line: Overbought threshold (70%); Blue line: Oversold threshold (20%)<br \/>\n<\/center><\/p>\n<p><center><br \/>\n<strong>Weekly AT40 (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 my LATEST updates independent of the date of this given AT40 post. For my latest AT40 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=\"hhttp:\/\/drduru.com\/onetwentytwo\/about\/t2108-resource-page\/\">The T2108 Resource Page<\/a><br \/>\nYou can <a href=\"http:\/\/twitter.com\/#!\/search\/%23T2108\">follow real-time T2108 commentary<\/a> on twitter using the #T2108 or #AT40 hashtags. 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>.<\/p>\n<p>Be careful out there!<\/p>\n<p>Full disclosure: long UVXY call options, long TWTR, long TWLO call options<\/p>\n<p>*Note QQQ is used as a proxy for a NASDAQ-related ETF<\/p>\n","protected":false},"excerpt":{"rendered":"<p>AT40 = 48.2% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 55.6% of stocks are trading above their respective 200DMAs VIX = 10.7 (volatility index) Short-term Trading Call: cautiously bullish (downgrade from bullish) Commentary Time to downgrade my bullishness to &#8220;cautiously bullish.&#8221; While the S&#038;P 500 (SPY) made a new &#8230; <a title=\"Above the 40 (May 16, 2017) &#8211; Stock Market Drag\" class=\"read-more\" href=\"https:\/\/drduru.com\/onetwentytwo\/2017\/05\/17\/t2108-update-170516\/\">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":[219,599,1311],"tags":[453,413,535,65,362,1797,1258,303],"class_list":["post-39387","post","type-post","status-publish","format-standard","hentry","category-high-tech","category-internet","category-software","tag-insider-stock-buy","tag-nasdaq","tag-qqq","tag-sp-500","tag-spy","tag-twlo","tag-twtr","tag-vix"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Above the 40 (May 16, 2017) - Stock Market Drag - 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\/2017\/05\/17\/t2108-update-170516\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Above the 40 (May 16, 2017) - Stock Market Drag - ONE-TWENTY TWO: Trading Financial Markets\" \/>\n<meta property=\"og:description\" content=\"AT40 = 48.2% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 55.6% of stocks are trading above their respective 200DMAs VIX = 10.7 (volatility index) Short-term Trading Call: cautiously bullish (downgrade from bullish) Commentary Time to downgrade my bullishness to &#8220;cautiously bullish.&#8221; While the S&#038;P 500 (SPY) made a new ... Read more\" \/>\n<meta property=\"og:url\" content=\"https:\/\/drduru.com\/onetwentytwo\/2017\/05\/17\/t2108-update-170516\/\" \/>\n<meta property=\"og:site_name\" content=\"ONE-TWENTY TWO: Trading Financial Markets\" \/>\n<meta property=\"article:published_time\" content=\"2017-05-17T09:52:41+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2017\/05\/170516_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\\\/2017\\\/05\\\/17\\\/t2108-update-170516\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2017\\\/05\\\/17\\\/t2108-update-170516\\\/\"},\"author\":{\"name\":\"Dr. Duru\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\"},\"headline\":\"Above the 40 (May 16, 2017) &#8211; Stock Market Drag\",\"datePublished\":\"2017-05-17T09:52:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2017\\\/05\\\/17\\\/t2108-update-170516\\\/\"},\"wordCount\":934,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\"},\"image\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2017\\\/05\\\/17\\\/t2108-update-170516\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2017\\\/05\\\/170516_SP500.png\",\"keywords\":[\"insider stock buy\",\"NASDAQ\",\"QQQ\",\"S&amp;P 500\",\"SPY\",\"TWLO\",\"TWTR\",\"VIX\"],\"articleSection\":[\"High Tech\",\"Internet\",\"Software\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2017\\\/05\\\/17\\\/t2108-update-170516\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2017\\\/05\\\/17\\\/t2108-update-170516\\\/\",\"url\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2017\\\/05\\\/17\\\/t2108-update-170516\\\/\",\"name\":\"Above the 40 (May 16, 2017) - Stock Market Drag - ONE-TWENTY TWO: Trading Financial Markets\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2017\\\/05\\\/17\\\/t2108-update-170516\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2017\\\/05\\\/17\\\/t2108-update-170516\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2017\\\/05\\\/170516_SP500.png\",\"datePublished\":\"2017-05-17T09:52:41+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2017\\\/05\\\/17\\\/t2108-update-170516\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2017\\\/05\\\/17\\\/t2108-update-170516\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2017\\\/05\\\/17\\\/t2108-update-170516\\\/#primaryimage\",\"url\":\"http:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2017\\\/05\\\/170516_SP500.png\",\"contentUrl\":\"http:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2017\\\/05\\\/170516_SP500.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2017\\\/05\\\/17\\\/t2108-update-170516\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Above the 40 (May 16, 2017) &#8211; Stock Market Drag\"}]},{\"@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":"Above the 40 (May 16, 2017) - Stock Market Drag - 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\/2017\/05\/17\/t2108-update-170516\/","og_locale":"en_US","og_type":"article","og_title":"Above the 40 (May 16, 2017) - Stock Market Drag - ONE-TWENTY TWO: Trading Financial Markets","og_description":"AT40 = 48.2% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 55.6% of stocks are trading above their respective 200DMAs VIX = 10.7 (volatility index) Short-term Trading Call: cautiously bullish (downgrade from bullish) Commentary Time to downgrade my bullishness to &#8220;cautiously bullish.&#8221; While the S&#038;P 500 (SPY) made a new ... Read more","og_url":"https:\/\/drduru.com\/onetwentytwo\/2017\/05\/17\/t2108-update-170516\/","og_site_name":"ONE-TWENTY TWO: Trading Financial Markets","article_published_time":"2017-05-17T09:52:41+00:00","og_image":[{"url":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2017\/05\/170516_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\/2017\/05\/17\/t2108-update-170516\/#article","isPartOf":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2017\/05\/17\/t2108-update-170516\/"},"author":{"name":"Dr. Duru","@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0"},"headline":"Above the 40 (May 16, 2017) &#8211; Stock Market Drag","datePublished":"2017-05-17T09:52:41+00:00","mainEntityOfPage":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2017\/05\/17\/t2108-update-170516\/"},"wordCount":934,"commentCount":0,"publisher":{"@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0"},"image":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2017\/05\/17\/t2108-update-170516\/#primaryimage"},"thumbnailUrl":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2017\/05\/170516_SP500.png","keywords":["insider stock buy","NASDAQ","QQQ","S&amp;P 500","SPY","TWLO","TWTR","VIX"],"articleSection":["High Tech","Internet","Software"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/drduru.com\/onetwentytwo\/2017\/05\/17\/t2108-update-170516\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/drduru.com\/onetwentytwo\/2017\/05\/17\/t2108-update-170516\/","url":"https:\/\/drduru.com\/onetwentytwo\/2017\/05\/17\/t2108-update-170516\/","name":"Above the 40 (May 16, 2017) - Stock Market Drag - ONE-TWENTY TWO: Trading Financial Markets","isPartOf":{"@id":"https:\/\/drduru.com\/onetwentytwo\/#website"},"primaryImageOfPage":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2017\/05\/17\/t2108-update-170516\/#primaryimage"},"image":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2017\/05\/17\/t2108-update-170516\/#primaryimage"},"thumbnailUrl":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2017\/05\/170516_SP500.png","datePublished":"2017-05-17T09:52:41+00:00","breadcrumb":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2017\/05\/17\/t2108-update-170516\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/drduru.com\/onetwentytwo\/2017\/05\/17\/t2108-update-170516\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/drduru.com\/onetwentytwo\/2017\/05\/17\/t2108-update-170516\/#primaryimage","url":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2017\/05\/170516_SP500.png","contentUrl":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2017\/05\/170516_SP500.png"},{"@type":"BreadcrumbList","@id":"https:\/\/drduru.com\/onetwentytwo\/2017\/05\/17\/t2108-update-170516\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/drduru.com\/onetwentytwo\/"},{"@type":"ListItem","position":2,"name":"Above the 40 (May 16, 2017) &#8211; Stock Market Drag"}]},{"@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\/39387","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=39387"}],"version-history":[{"count":5,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts\/39387\/revisions"}],"predecessor-version":[{"id":39397,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts\/39387\/revisions\/39397"}],"wp:attachment":[{"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/media?parent=39387"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/categories?post=39387"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/tags?post=39387"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}