{"id":42198,"date":"2018-01-16T21:58:24","date_gmt":"2018-01-17T05:58:24","guid":{"rendered":"http:\/\/drduru.com\/onetwentytwo\/?p=42198"},"modified":"2018-01-16T21:58:24","modified_gmt":"2018-01-17T05:58:24","slug":"t2108-update-180116","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2018\/01\/16\/t2108-update-180116\/","title":{"rendered":"Above the 40 (January 16, 2018) &#8211; Overbought Conditions Abruptly End On A Reversal Day"},"content":{"rendered":"<p><strong>AT40<\/strong> = 64.0% of stocks are trading above their respective 40-day moving averages (DMAs) &#8211; ended a 1-day overbought period<br \/>\n<strong>AT200<\/strong> = 62.7% of stocks are trading above their respective 200DMAs<br \/>\n<strong>VIX<\/strong> = 11.7<br \/>\n<strong>Short-term Trading Call<\/strong>: bullish<\/p>\n<p><strong>Commentary<\/strong><br \/>\nIt figures that just one day after <a href=\"http:\/\/drduru.com\/onetwentytwo\/2018\/01\/15\/t2108-update-180112\/\" rel=\"noopener\" target=\"_blank\">the stock market finally crossed into overbought territory<\/a>, it dropped right back out in dramatic fashion. <\/p>\n<p>AT40 (T2108), the percentage of stocks trading above their respective 40-day moving averages (DMAs), dropped from 70.01% to 64.0%. Before the S&#038;P 500 (SPY) closed with a loss it rallied to a new intraday high in what seemed like another powerful follow-through of bullish sentiment. Instead, the index lost 0.4%. Once again, I found little use for the mainstream financial press&#8217;s search for explanations; even the hand-wringing over what was apparently the largest one-day reversal in almost a year rang hollow to me. For example, the S&#038;P 500 did not even close below the low of the previous trading day. The index bounced slightly off that point of support. Once that low gives out, THEN I will start wondering about whether the index can crack <a href=\"http:\/\/drduru.com\/onetwentytwo\/2018\/01\/15\/t2108-update-180112\/\" rel=\"noopener\" target=\"_blank\">the threshold that flips me to bearish<\/a>. Ditto on the NASDAQ and the PowerShares QQQ ETF (QQQ).<\/p>\n<p><center><br \/>\n<figure id=\"attachment_42210\" aria-describedby=\"caption-attachment-42210\" style=\"width: 540px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/01\/180116_SP500.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/01\/180116_SP500.jpg\" alt=\"The S&amp;P 500 (SPY) gapped higher from its all-time closing high but ended the day with a loss: a small gap and crap.\" width=\"550\" height=\"410\" class=\"size-full wp-image-42210\" \/><\/a><figcaption id=\"caption-attachment-42210\" class=\"wp-caption-text\">The S&#038;P 500 (SPY) gapped higher from its all-time closing high but ended the day with a loss: a small gap and crap.<\/figcaption><\/figure><\/p>\n<figure id=\"attachment_42208\" aria-describedby=\"caption-attachment-42208\" style=\"width: 540px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/01\/180116_NASDAQ.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/01\/180116_NASDAQ.jpg\" alt=\"The NADSAQ followed right along with the S&amp;P 500.\" width=\"550\" height=\"410\" class=\"size-full wp-image-42208\" \/><\/a><figcaption id=\"caption-attachment-42208\" class=\"wp-caption-text\">The NADSAQ followed right along with the S&#038;P 500.<\/figcaption><\/figure>\n<p><figure id=\"attachment_42209\" aria-describedby=\"caption-attachment-42209\" style=\"width: 540px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/01\/180116_QQQ.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/01\/180116_QQQ.jpg\" alt=\"The PowerShares QQQ ETF (QQQ) followed right along with the NASDAQ but came far short of challenging the previous day&#039;s intraday low or the close.\" width=\"550\" height=\"425\" class=\"size-full wp-image-42209\" \/><\/a><figcaption id=\"caption-attachment-42209\" class=\"wp-caption-text\">The PowerShares QQQ ETF (QQQ) followed right along with the NASDAQ but came far short of challenging the previous day&#8217;s intraday low or the close.<\/figcaption><\/figure><br \/>\n<\/center><\/p>\n<p>Small-caps suffered much greater damage. The iShares Russell 2000 ETF (IWM) closed below the low of the previous trading day and created a bearish engulfing pattern. The selling did not end until IWM tapped the bottom of its uptrending upper-Bollinger Band (BB) channel. <\/p>\n<p><center><br \/>\n<figure id=\"attachment_42214\" aria-describedby=\"caption-attachment-42214\" style=\"width: 540px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/01\/180116_IWM.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/01\/180116_IWM.jpg\" alt=\"The iShares Russell 2000 ETF (IWM) tumbled from the top to the bottom of its uptrending upper-Bolling Band (BB) channel.\" width=\"550\" height=\"420\" class=\"size-full wp-image-42214\" \/><\/a><figcaption id=\"caption-attachment-42214\" class=\"wp-caption-text\">The iShares Russell 2000 ETF (IWM) tumbled from the top to the bottom of its uptrending upper-Bolling Band (BB) channel.<\/figcaption><\/figure><br \/>\n<\/center><\/p>\n<p>The U.S. dollar index (USD) also suffered a big move. The index extended a major breakout and finished the reversal of three years of gains. A bulk of the pounding is coming from the continuing resurgence of the euro. Last week, speculators increased net long contracts on the euro to levels not seen since at least 2008 &#8211; what I call &#8220;full bull.&#8221;<\/p>\n<p><center><br \/>\n<figure id=\"attachment_42206\" aria-describedby=\"caption-attachment-42206\" style=\"width: 510px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/01\/180116_USD.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/01\/180116_USD.png\" alt=\"The U.S. dollar index (USD) broke down again and traded at its lowest point in the post-Trump era.\" width=\"520\" height=\"318\" class=\"size-full wp-image-42206\" \/><\/a><figcaption id=\"caption-attachment-42206\" class=\"wp-caption-text\">The U.S. dollar index (USD) broke down again and traded at its lowest point in the post-Trump era.<\/figcaption><\/figure><br \/>\n<strong>Source: <a href=\"http:\/\/stockcharts.com\/h-sc\/ui\" rel=\"noopener\" target=\"_blank\">StockCharts.com<\/a><\/strong><br \/>\n<figure id=\"attachment_42218\" aria-describedby=\"caption-attachment-42218\" style=\"width: 540px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/01\/180116_cot-EUR_USD.jpeg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/01\/180116_cot-EUR_USD.jpeg\" alt=\"Speculators are getting ever more bullish on the euro with net long contracts at 10+ year highs.\" width=\"550\" height=\"550\" class=\"size-full wp-image-42218\" \/><\/a><figcaption id=\"caption-attachment-42218\" class=\"wp-caption-text\">Speculators are getting ever more bullish on the euro with net long contracts at 10+ year highs.<\/figcaption><\/figure><br \/>\n<\/center><\/p>\n<p>In <a href=\"http:\/\/drduru.com\/onetwentytwo\/2018\/01\/15\/t2108-update-180112\/\" rel=\"noopener\" target=\"_blank\">my last Above the 40 post<\/a>, I noted how the volatility index, the VIX, looked like it was poised for a spike. Accordingly, I maintained a position in call options on ProShares Ultra VIX Short-Term Futures (UVXY). The VIX finally spiked and the typical volatility faders were not able to reverse all the day&#8217;s gains. I decided to hold onto my call options for at least one more day just in case the upward momentum is truly not finished quite yet.<\/p>\n<p><center><br \/>\n<figure id=\"attachment_42215\" aria-describedby=\"caption-attachment-42215\" style=\"width: 540px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/01\/180116_VIX.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/01\/180116_VIX.jpg\" alt=\"The volatility index, the VIX, gained 14.8% and a 1-month high.\" width=\"550\" height=\"400\" class=\"size-full wp-image-42215\" \/><\/a><figcaption id=\"caption-attachment-42215\" class=\"wp-caption-text\">The volatility index, the VIX, gained 14.8% and a 1-month high.<\/figcaption><\/figure><br \/>\n<\/center><\/p>\n<p><strong>STOCK CHART REVIEWS<\/strong><\/p>\n<p><strong>SPDR Gold Shares<\/strong> (GLD)<br \/>\nGLD is benefiting from the dollar&#8217;s weakness. Speculators are also back on board with net long contracts increasing every week for the last 4 weeks. Positions are reaching back to where they were when GLD last peaked in early September, 2017.<\/p>\n<p><center><br \/>\n<figure id=\"attachment_42220\" aria-describedby=\"caption-attachment-42220\" style=\"width: 540px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/01\/180116_GLD.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/01\/180116_GLD.jpg\" alt=\"SPDR Gold Shares (GLD) continued its post-Fed rally. GLD is up 7.6% since the Fed HIKE interest rates.\" width=\"550\" height=\"421\" class=\"size-full wp-image-42220\" \/><\/a><figcaption id=\"caption-attachment-42220\" class=\"wp-caption-text\">SPDR Gold Shares (GLD) continued its post-Fed rally. GLD is up 7.6% since the Fed HIKE interest rates.<\/figcaption><\/figure><\/p>\n<p><figure id=\"attachment_42219\" aria-describedby=\"caption-attachment-42219\" style=\"width: 540px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/01\/180116_cot-XAU_USD.jpeg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/01\/180116_cot-XAU_USD.jpeg\" alt=\"Speculators are once again ramping up net long positions in gold.\" width=\"550\" height=\"550\" class=\"size-full wp-image-42219\" \/><\/a><figcaption id=\"caption-attachment-42219\" class=\"wp-caption-text\">Speculators are once again ramping up net long positions in gold.<\/figcaption><\/figure><br \/>\n<\/center><\/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 #475 over 20%, Day #289 over 30%, Day #89 over 40%, Day #37 over 50%, Day #28 over 60%, Day #1 under 70% (ending 1 day over 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 calls, long GLD, long and short currency pairs with the U.S. dollar<\/p>\n<p>*Charting notes: FreeStockCharts.com uses midnight U.S. Eastern time as the close for currencies. Stock prices are not adjusted for dividends.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>AT40 = 64.0% of stocks are trading above their respective 40-day moving averages (DMAs) &#8211; ended a 1-day overbought period AT200 = 62.7% of stocks are trading above their respective 200DMAs VIX = 11.7 Short-term Trading Call: bullish Commentary It figures that just one day after the stock market finally crossed into overbought territory, it &#8230; <a title=\"Above the 40 (January 16, 2018) &#8211; Overbought Conditions Abruptly End On A Reversal Day\" class=\"read-more\" href=\"https:\/\/drduru.com\/onetwentytwo\/2018\/01\/16\/t2108-update-180116\/\">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":[199,20,21],"tags":[1819,1746,1843,28,200,24,65,362,226,1838,1965,1092,303],"class_list":["post-42198","post","type-post","status-publish","format-standard","hentry","category-commodities","category-forex","category-u-s-dollar","tag-at40","tag-commitments-of-traders","tag-cot","tag-euro","tag-gld","tag-gold","tag-sp-500","tag-spy","tag-t2108","tag-u-s-dollar-index","tag-usd","tag-uvxy","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 (January 16, 2018) - Overbought Conditions Abruptly End On A Reversal Day - 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\/2018\/01\/16\/t2108-update-180116\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Above the 40 (January 16, 2018) - Overbought Conditions Abruptly End On A Reversal Day - ONE-TWENTY TWO: Trading Financial Markets\" \/>\n<meta property=\"og:description\" content=\"AT40 = 64.0% of stocks are trading above their respective 40-day moving averages (DMAs) &#8211; ended a 1-day overbought period AT200 = 62.7% of stocks are trading above their respective 200DMAs VIX = 11.7 Short-term Trading Call: bullish Commentary It figures that just one day after the stock market finally crossed into overbought territory, it ... Read more\" \/>\n<meta property=\"og:url\" content=\"https:\/\/drduru.com\/onetwentytwo\/2018\/01\/16\/t2108-update-180116\/\" \/>\n<meta property=\"og:site_name\" content=\"ONE-TWENTY TWO: Trading Financial Markets\" \/>\n<meta property=\"article:published_time\" content=\"2018-01-17T05:58:24+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/01\/180116_SP500.jpg\" \/>\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\\\/2018\\\/01\\\/16\\\/t2108-update-180116\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2018\\\/01\\\/16\\\/t2108-update-180116\\\/\"},\"author\":{\"name\":\"Dr. Duru\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\"},\"headline\":\"Above the 40 (January 16, 2018) &#8211; Overbought Conditions Abruptly End On A Reversal Day\",\"datePublished\":\"2018-01-17T05:58:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2018\\\/01\\\/16\\\/t2108-update-180116\\\/\"},\"wordCount\":901,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\"},\"image\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2018\\\/01\\\/16\\\/t2108-update-180116\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2018\\\/01\\\/180116_SP500.jpg\",\"keywords\":[\"AT40\",\"Commitments of Traders\",\"CoT\",\"Euro\",\"GLD\",\"gold\",\"S&amp;P 500\",\"SPY\",\"T2108\",\"U.S. dollar index\",\"USD\",\"UVXY\",\"VIX\"],\"articleSection\":[\"Commodities\",\"Forex\",\"U.S. Dollar\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2018\\\/01\\\/16\\\/t2108-update-180116\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2018\\\/01\\\/16\\\/t2108-update-180116\\\/\",\"url\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2018\\\/01\\\/16\\\/t2108-update-180116\\\/\",\"name\":\"Above the 40 (January 16, 2018) - Overbought Conditions Abruptly End On A Reversal Day - ONE-TWENTY TWO: Trading Financial Markets\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2018\\\/01\\\/16\\\/t2108-update-180116\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2018\\\/01\\\/16\\\/t2108-update-180116\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2018\\\/01\\\/180116_SP500.jpg\",\"datePublished\":\"2018-01-17T05:58:24+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2018\\\/01\\\/16\\\/t2108-update-180116\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2018\\\/01\\\/16\\\/t2108-update-180116\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2018\\\/01\\\/16\\\/t2108-update-180116\\\/#primaryimage\",\"url\":\"http:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2018\\\/01\\\/180116_SP500.jpg\",\"contentUrl\":\"http:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2018\\\/01\\\/180116_SP500.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2018\\\/01\\\/16\\\/t2108-update-180116\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Above the 40 (January 16, 2018) &#8211; Overbought Conditions Abruptly End On A Reversal Day\"}]},{\"@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 (January 16, 2018) - Overbought Conditions Abruptly End On A Reversal Day - 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\/2018\/01\/16\/t2108-update-180116\/","og_locale":"en_US","og_type":"article","og_title":"Above the 40 (January 16, 2018) - Overbought Conditions Abruptly End On A Reversal Day - ONE-TWENTY TWO: Trading Financial Markets","og_description":"AT40 = 64.0% of stocks are trading above their respective 40-day moving averages (DMAs) &#8211; ended a 1-day overbought period AT200 = 62.7% of stocks are trading above their respective 200DMAs VIX = 11.7 Short-term Trading Call: bullish Commentary It figures that just one day after the stock market finally crossed into overbought territory, it ... Read more","og_url":"https:\/\/drduru.com\/onetwentytwo\/2018\/01\/16\/t2108-update-180116\/","og_site_name":"ONE-TWENTY TWO: Trading Financial Markets","article_published_time":"2018-01-17T05:58:24+00:00","og_image":[{"url":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/01\/180116_SP500.jpg","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\/2018\/01\/16\/t2108-update-180116\/#article","isPartOf":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2018\/01\/16\/t2108-update-180116\/"},"author":{"name":"Dr. Duru","@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0"},"headline":"Above the 40 (January 16, 2018) &#8211; Overbought Conditions Abruptly End On A Reversal Day","datePublished":"2018-01-17T05:58:24+00:00","mainEntityOfPage":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2018\/01\/16\/t2108-update-180116\/"},"wordCount":901,"commentCount":0,"publisher":{"@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0"},"image":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2018\/01\/16\/t2108-update-180116\/#primaryimage"},"thumbnailUrl":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/01\/180116_SP500.jpg","keywords":["AT40","Commitments of Traders","CoT","Euro","GLD","gold","S&amp;P 500","SPY","T2108","U.S. dollar index","USD","UVXY","VIX"],"articleSection":["Commodities","Forex","U.S. Dollar"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/drduru.com\/onetwentytwo\/2018\/01\/16\/t2108-update-180116\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/drduru.com\/onetwentytwo\/2018\/01\/16\/t2108-update-180116\/","url":"https:\/\/drduru.com\/onetwentytwo\/2018\/01\/16\/t2108-update-180116\/","name":"Above the 40 (January 16, 2018) - Overbought Conditions Abruptly End On A Reversal Day - ONE-TWENTY TWO: Trading Financial Markets","isPartOf":{"@id":"https:\/\/drduru.com\/onetwentytwo\/#website"},"primaryImageOfPage":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2018\/01\/16\/t2108-update-180116\/#primaryimage"},"image":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2018\/01\/16\/t2108-update-180116\/#primaryimage"},"thumbnailUrl":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/01\/180116_SP500.jpg","datePublished":"2018-01-17T05:58:24+00:00","breadcrumb":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2018\/01\/16\/t2108-update-180116\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/drduru.com\/onetwentytwo\/2018\/01\/16\/t2108-update-180116\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/drduru.com\/onetwentytwo\/2018\/01\/16\/t2108-update-180116\/#primaryimage","url":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/01\/180116_SP500.jpg","contentUrl":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/01\/180116_SP500.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/drduru.com\/onetwentytwo\/2018\/01\/16\/t2108-update-180116\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/drduru.com\/onetwentytwo\/"},{"@type":"ListItem","position":2,"name":"Above the 40 (January 16, 2018) &#8211; Overbought Conditions Abruptly End On A Reversal Day"}]},{"@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\/42198","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=42198"}],"version-history":[{"count":8,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts\/42198\/revisions"}],"predecessor-version":[{"id":42222,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts\/42198\/revisions\/42222"}],"wp:attachment":[{"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/media?parent=42198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/categories?post=42198"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/tags?post=42198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}