{"id":55563,"date":"2020-12-29T15:58:54","date_gmt":"2020-12-29T23:58:54","guid":{"rendered":"https:\/\/drduru.com\/onetwentytwo\/?p=55563"},"modified":"2020-12-30T08:56:50","modified_gmt":"2020-12-30T16:56:50","slug":"t2108-update-sellers-weaken-stock-markets-hold-on-overbought-conditions","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2020\/12\/29\/t2108-update-sellers-weaken-stock-markets-hold-on-overbought-conditions\/","title":{"rendered":"Sellers Weaken the Stock Market&#8217;s Hold On Overbought Conditions &#8211; Above the 40 (December 29, 2020)"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\"><strong>Stock Market Commentary<\/strong><\/h2>\n\n\n\n<p>The <a href=\"https:\/\/drduru.com\/onetwentytwo\/2020\/12\/28\/t2108-update-refresher-extended-overbought-conditions\/\">refresher for extended overbought conditions<\/a> quickly transformed back into a close call. Sellers again created weakening overbought conditions for the stock market with the key indicator hitting the threshold. The minor selling in the major indices may mask a broader deterioration in the technical health of the stock market. Unlike <a href=\"https:\/\/drduru.com\/onetwentytwo\/2020\/12\/22\/t2108-update-close-call-for-extended-overbought-period\/\" target=\"_blank\" rel=\"noreferrer noopener\">the last close call<\/a>, this latest drop to the overbought threshold does not come with a large fade of a surge in volatility. In other words, the extended overbought period suddenly looks tenuous all over again.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>The Stock Market Indices<\/strong><\/h3>\n\n\n\n<p>The S&amp;P 500 (SPY) only lost 0.2% and even held yesterday&#8217;s intraday low as support. Visually, the index looks as solid as ever.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/www.tradingview.com\/x\/WGrLqKNn\/\"><img decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/WGrLqKNn\/\" alt=\"The S&amp;P 500 (SPY) gained 0.9% and stretched for an all-time high.\"\/><\/a><figcaption><strong><em>The <a href=\"https:\/\/www.tradingview.com\/x\/WGrLqKNn\/\" target=\"_blank\" rel=\"noreferrer noopener\">S&amp;P 500 (SPY)<\/a> faded from an intraday all-time high to a 0.2% loss.<\/em><\/strong><\/figcaption><\/figure><\/div>\n\n\n\n<p>The NASDAQ (COMPQX) also held yesterday&#8217;s intraday low as support. The tech-laden index remains clear of the last brief period of consolidation.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/www.tradingview.com\/x\/gXBfeUKv\/\"><img decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/gXBfeUKv\/\" alt=\"The NASDAQ (COMPQX) gained 0.7% to end a week the strung together a series of all-time highs.\"\/><\/a><figcaption><strong><em>The <a href=\"https:\/\/www.tradingview.com\/x\/gXBfeUKv\/\" target=\"_blank\" rel=\"noreferrer noopener\">NASDAQ (COMPQX)<\/a> faded from an intraday all-time high to a 0.4% loss.<\/em><\/strong><\/figcaption><\/figure><\/div>\n\n\n\n<br><script async=\"\" src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\n<ins class=\"adsbygoogle\" style=\"display:block; text-align:center;\" data-ad-layout=\"in-article\" data-ad-format=\"fluid\" data-ad-client=\"ca-pub-1196033822186410\" data-ad-slot=\"3478942445\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><br>\n\n\n\n<p>Small caps show the clearest sign of trouble. The iShares Trust Russell 2000 Index ETF (IWM) lost 1.9% a day after losing 0.4%. Yesterday, IWM briefly punched through the psychologically important 200 level. A little more selling in IWM will surely weaken the stock market enough to shake it from overbought conditions.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><a href=\"https:\/\/www.tradingview.com\/x\/i4IrRboO\/\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/i4IrRboO\/\" alt=\"\" width=\"580\" height=\"384\"\/><\/a><figcaption><strong><em><a href=\"https:\/\/www.tradingview.com\/x\/i4IrRboO\/\" target=\"_blank\" rel=\"noreferrer noopener\">iShares Trust Russell 2000 Index ETF<\/a> (IWM) lost 1.9% as selling got more urgent.<\/em><\/strong><\/figcaption><\/figure><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Stock Market Volatility<\/strong><\/h3>\n\n\n\n<p>The volatility index (VIX) stubbornly held support the last two trading days. Today the VIX woke up with a 6.4% gain. The VIX closed well below its levels on the day of the last close call with the overbought threshold. In other words, plenty of room exists for a rapid expansion of selling.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/www.tradingview.com\/x\/5D8ch2cz\/\"><img decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/5D8ch2cz\/\" alt=\"The volatility index (VIX) continues to cling to the 20 threshold.\"\/><\/a><figcaption><strong><em>The <a href=\"https:\/\/www.tradingview.com\/x\/5D8ch2cz\/\" target=\"_blank\" rel=\"noreferrer noopener\">volatility index (VIX)<\/a> woke up and held onto a 6.4% gain.<\/em><\/strong><\/figcaption><\/figure><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>The Short-Term Trading Call: Weakening Overbought Conditions<\/strong><\/h3>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"260\" height=\"260\" src=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2020\/04\/AboveThe40_AnimatedLogo.gif\" alt=\"Above the 40 (Animated Logo)\" class=\"wp-image-52522\"\/><figcaption>Above the 40 (Animated Logo)<\/figcaption><\/figure><\/div>\n\n\n\n<ul class=\"wp-block-list\" id=\"block-8746fb62-8c65-4cd8-aa26-5b377e48018f\"><li><strong>AT40<\/strong> = 71.7% of stocks are trading above their respective 40-day moving averages (Day #31 overbought)<\/li><li><strong>AT200<\/strong> = 85.6% of stocks are trading above their respective 200-day moving averages <a rel=\"noreferrer noopener\" href=\"https:\/\/www.tradingview.com\/x\/PS8EDNLZ\/\" target=\"_blank\">TradingView&#8217;s calculation<\/a>).<\/li><li><strong>Short-term Trading Call<\/strong>: neutral<\/li><\/ul>\n\n\n\n<p><a href=\"https:\/\/drduru.com\/onetwentytwo\/t2108-resource-page\/\">AT40 (T2108)<\/a>, the percentage of stocks trading above their respective 40DMAs, closed at 71.7%. The S&amp;P 500 and the NASDAQ did not reveal sellers weakening of the overbought period. These indices barely budged while AT40 lost over 5 percentage points. Small caps and the volatility index are key warning signs. Once overbought conditions end, the short-term trading call will flip (cautiously) bearish.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2020\/12\/201229_T2108.png\"><img loading=\"lazy\" decoding=\"async\" width=\"550\" height=\"375\" src=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2020\/12\/201229_T2108.png\" alt=\"AT40 (T2108) dropped toward the overbought threshold of 70%.\" class=\"wp-image-55569\"\/><\/a><figcaption><strong><em>AT40 (T2108) dropped toward the overbought threshold of 70%.<\/em><\/strong><\/figcaption><\/figure><\/div>\n\n\n\n<p>The stock market is on day #31 of overbought conditions. The S&amp;P 500 has 4.0% in gains since <a href=\"https:\/\/drduru.com\/onetwentytwo\/2020\/11\/14\/t2108-update-overbought-trading-resumes-fresh-momentum-reopen-trade\/\">overbought trading resumed on November 13th<\/a>. The slight underperformance in the index per the chart below surprises me given the on-going strength of the stock market (compare to the green trendline). <\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2020\/12\/201223_SP500-Performance-Overbought.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"660\" height=\"446\" src=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2020\/12\/201223_SP500-Performance-Overbought.jpg\" alt=\"Performance of the S&amp;P 500 (SPY) After An Overbought Period Ends\" class=\"wp-image-55506\"\/><\/a><figcaption><strong><em>Performance of the S&amp;P 500 (SPY) After An Overbought Period Ends<\/em><\/strong><\/figcaption><\/figure>\n\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Stock Chart Reviews &#8211; Below the 50DMA<\/strong><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Arcturus Therapeutics Holdings<\/strong> (ARCT)<\/h3>\n\n\n\n<p>Just when I think COVID-19 related stocks are essentially played out, drama erupts from somewhere new. Arcturus Therapeutics Holdings (ARCT) lost a gut-wrenching 54.2% after presumably disappointing results from <a href=\"https:\/\/ir.arcturusrx.com\/news-releases\/news-release-details\/arcturus-therapeutics-received-approval-singapore-health\" target=\"_blank\" rel=\"noreferrer noopener\">its COVID-19 vaccine trial<\/a>. Reading that the Singapore Health Sciences Authority gave the company permission to proceed with its trial would have encouraged me if not for the sell-off. The company even positioned its news as very positive:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>&#8220;We are pleased to advance ARCT-021 into a Phase 2 study based upon our promising Phase 1\/2 data, which continues to support the potential for Arcturus\u2019 STARR\u2122 self-replicating mRNA technology to provide a highly effective, and differentiated clinical profile, including a single dose regimen&#8230;<\/p><p>ARCT-021, both single administration and prime-boost regimens, are significantly effective in a primate challenge model.&#8221;<\/p><\/blockquote>\n\n\n\n<p>The stock&#8217;s implosion is particularly painful for investors given the company <a href=\"https:\/\/ir.arcturusrx.com\/news-releases\/news-release-details\/arcturus-therapeutics-announces-pricing-150-million-public\" target=\"_blank\" rel=\"noreferrer noopener\">priced a large secondary offering<\/a> just three weeks ago at $110. This weakening of ARCT brought the stock and company to my attention; I never heard of it before this episode.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.tradingview.com\/x\/QSg1ufuh\/\"><img decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/QSg1ufuh\/\" alt=\"\"\/><\/a><figcaption><strong><em><a href=\"https:\/\/www.tradingview.com\/x\/QSg1ufuh\/\" target=\"_blank\" rel=\"noreferrer noopener\">Arcturus Therapeutics Holdings<\/a> (ARCT) plunged 54.2% after disappointing COVID-19 trial results.<\/em><\/strong><\/figcaption><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Pfizer Inc<\/strong> (PFE)<\/h3>\n\n\n\n<p>Pfizer Inc (PFE) is already rolling out its coronavirus vaccine. Yet its stock is showing little enthusiasm. For the second news phase in a row, investors and traders dealt PFE a serious fade after good vaccine news. With no more short-term vaccine positive catalysts ahead, PFE looks a little like dead money. It is even possible that good vaccine news elsewhere will become bad news for PFE&#8217;s stock.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/www.tradingview.com\/x\/B7c6QniU\/\"><img decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/B7c6QniU\/\" alt=\"Nikola Corp (NKLA) is clinging to support at the September and November lows.\"\/><\/a><figcaption><strong><em><a href=\"https:\/\/www.tradingview.com\/x\/B7c6QniU\/\" target=\"_blank\" rel=\"noreferrer noopener\">Pfizer Inc<\/a> (PFE) is right back to struggling with 50DMA support.<\/em><\/strong><\/figcaption><\/figure><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Biontech SE<\/strong> (BNTX)<\/h3>\n\n\n\n<p>Pfizer partnered with Biontech SE (BNTX) for its coronavirus vaccine. Like PFE, investors are losing some enthusiasm for BNTX. In less than 3 weeks, BNTX has lost 31.5%.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/www.tradingview.com\/x\/KImB6Ih0\/\"><img decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/KImB6Ih0\/\" alt=\"\"\/><\/a><figcaption><strong><em><a href=\"https:\/\/www.tradingview.com\/x\/KImB6Ih0\/\" target=\"_blank\" rel=\"noreferrer noopener\">Biontech SE<\/a> (BNTX) closed flat at a 5-week low.<\/em><\/strong><\/figcaption><\/figure><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Stock Chart Reviews &#8211; Above the 50DMA<\/strong><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Moderna<\/strong> (MRNA)<\/h3>\n\n\n\n<p>Like Pfizer, Moderna (MRNA) has launched a COVID-19 vaccine. There are likely no more short-term positive catalysts for the stock, so the current (relatively orderly) pullback makes technical sense. MRNA caught my attention with a perfect bounce off 50DMA support. The trade is simple from here. A 50DMA breakdown is bearish. Follow-through buying is bullish and confirms support.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/www.tradingview.com\/x\/YRHSsxsT\/\"><img decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/YRHSsxsT\/\" alt=\"\"\/><\/a><figcaption><strong><em><a href=\"https:\/\/www.tradingview.com\/x\/YRHSsxsT\/\" target=\"_blank\" rel=\"noreferrer noopener\">Moderna<\/a> (MRNA) survived a test of 50DMA support and closed with a 2.7% gain.<\/em><\/strong><\/figcaption><\/figure><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Emergent Biosolutions<\/strong> (EBS)<\/h3>\n\n\n\n<p>The plunge in ARCT got me searching for other COVID-19 related stocks. I used <a href=\"https:\/\/swingtradebot.com\/advanced_search\" target=\"_blank\" rel=\"noreferrer noopener\">the advanced search in SwingTradeBo<\/a>t to find a list of <a href=\"https:\/\/swingtradebot.com\/stocks-tagged-as\/38579-coronavirus\" target=\"_blank\" rel=\"noreferrer noopener\">coronavirus stocks<\/a>. I saw a lot of speculative names, single digit stocks and the like. Emergent Biosolutions (EBS) caught my attention. The stock in the vaccine manufacturer just survived a 200DMA breakdown. EBS is now positioning for a critical test against converged 20, 50, AND 200DMA support. I am a buyer on a bounce from this support. If EBS breaks its November lows, I will assume the downtrend from the all-time high in August received fresh momentum.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/www.tradingview.com\/x\/TXkqp6NQ\/\"><img decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/TXkqp6NQ\/\" alt=\"\"\/><\/a><figcaption><strong><em><a href=\"https:\/\/www.tradingview.com\/x\/TXkqp6NQ\/\" target=\"_blank\" rel=\"noreferrer noopener\">Emergent Biosolutions<\/a> (EBS) lost another 2.2% and is testing converged 50 and 200DMA supports.<\/em><\/strong><\/figcaption><\/figure><\/div>\n\n\n\n<p>Be careful out there!<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Footnotes<\/strong><\/h2>\n\n\n\n<p>&#8220;Above the 40&#8221; (AT40) uses the percentage of stocks trading above their respective 40-day moving averages (DMAs) to measure breadth in he stock market. Breadth indicates the distribution of participation in a rally or sell-off. As a result, AT40 can identify extremes in market sentiment that are likely to reverse. Above the 40 is my alternative name for &#8220;T2108&#8221; which was created by <a aria-label=\" (opens in a new tab)\" rel=\"noreferrer noopener\" href=\"https:\/\/www.worden.com\/CURRENTAFPROMO.aspx?AFCODE=866\" target=\"_blank\">Worden<\/a>. Learn more about T2108 on my <a href=\"https:\/\/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\n\n\n<p><strong>Active AT40 (T2108) periods<\/strong>: Day #54 over 20%, Day #38 above 30%, Day #37 over 40%, Day #36 over 50%, Day #35 over 60%, Day #31 over 70%<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/www.drduru.com\/money\/charts\/T2108-daily_s.png\"><img decoding=\"async\" src=\"https:\/\/www.drduru.com\/money\/charts\/T2108-daily_s.png\" alt=\"\"\/><\/a><\/figure><\/div>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/www.drduru.com\/money\/charts\/T2108-weekly_s.png\"><img decoding=\"async\" src=\"https:\/\/www.drduru.com\/money\/charts\/T2108-weekly_s.png\" alt=\"\"\/><\/a><figcaption>Black line: AT40 (T2108) (% measured on the right)<br>Red line: Overbought threshold (70%); Blue line: Oversold threshold (20%). <strong>Source: FreestockCharts<\/strong><\/figcaption><\/figure><\/div>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/www.tradingview.com\/x\/4ifsh2cv\/\"><img decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/4ifsh2cv\/\" alt=\"\"\/><\/a><figcaption><strong><em>Percentage of stocks trading above their respective 200-day moving averages (DMAs) according to <a href=\"https:\/\/www.tradingview.com\/x\/4ifsh2cv\/\" target=\"_blank\" rel=\"noreferrer noopener\">TradingView.com<\/a> (MMTH)<\/em><\/strong><\/figcaption><\/figure><\/div>\n\n\n\n<p>Source for charts unless otherwise noted: <a href=\"https:\/\/www.tradingview.com\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>TradingView.com<\/strong><\/a><\/p>\n\n\n\n<p><strong>Full disclosure<\/strong>: long UVXY, long SPY put spread<\/p>\n\n\n\n<p><strong>FOLLOW Dr. Duru&#8217;s commentary on financial markets via <a href=\"https:\/\/stocktwits.com\/DrDuru\" target=\"_blank\" rel=\"noreferrer noopener\">StockTwits<\/a>, <a href=\"https:\/\/twitter.com\/DrDuru\" target=\"_blank\" rel=\"noreferrer noopener\">Twitter<\/a>, and even <a href=\"https:\/\/www.instagram.com\/drduru_market_breadth\/\" target=\"_blank\" rel=\"noreferrer noopener\">Instagram<\/a>!<\/strong><\/p>\n\n\n\n<p>*Charting notes: FreeStockCharts stock prices are not adjusted for dividends. TradingView.com charts for currencies use Tokyo time as the start of the forex trading day.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stock Market Commentary The refresher for extended overbought conditions quickly transformed back into a close call. Sellers again created weakening overbought conditions for the stock market with the key indicator hitting the threshold. The minor selling in the major indices may mask a broader deterioration in the technical health of the stock market. Unlike the &#8230; <a title=\"Sellers Weaken the Stock Market&#8217;s Hold On Overbought Conditions &#8211; Above the 40 (December 29, 2020)\" class=\"read-more\" href=\"https:\/\/drduru.com\/onetwentytwo\/2020\/12\/29\/t2108-update-sellers-weaken-stock-markets-hold-on-overbought-conditions\/\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":55569,"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":[483,300,490,62],"tags":[2620,2621,1819,2617,2616,1955,2392,2618,2619,2622,909,2464,2465,413,2393,2615,2614,65,362,226,303,931],"class_list":["post-55563","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breakdown","category-health-care","category-overbought","category-technical-analysis","tag-arct","tag-arcturus-therapeutics-holdings","tag-at40","tag-biontech-se","tag-bntx","tag-compqx","tag-covid-19","tag-ebs","tag-emergent-biosolutions","tag-ishares-trust-russell-200-index-etf","tag-iwm","tag-moderna","tag-mrna","tag-nasdaq","tag-pandemic","tag-pfe","tag-pfizer-inc","tag-sp-500","tag-spy","tag-t2108","tag-vix","tag-volatility-index"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Sellers Weaken the Stock Market&#039;s Hold On Overbought Conditions<\/title>\n<meta name=\"description\" content=\"Sellers dumped enough small cap stocks to weaken the stock market&#039;s overbought conditions. 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The key indicator is back to its threshold.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/drduru.com\/onetwentytwo\/2020\/12\/29\/t2108-update-sellers-weaken-stock-markets-hold-on-overbought-conditions\/\" \/>\n<meta property=\"og:site_name\" content=\"ONE-TWENTY TWO: Trading Financial Markets\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-29T23:58:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-12-30T16:56:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2020\/12\/201229_T2108.png\" \/>\n\t<meta property=\"og:image:width\" content=\"550\" \/>\n\t<meta property=\"og:image:height\" content=\"375\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Dr. Duru\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Sellers Weaken the Stock Market&#039;s Hold On Overbought Conditions - Above the 40 (December 29, 2020)\" \/>\n<meta name=\"twitter:description\" content=\"Sellers dumped enough small cap stocks to weaken the stock market&#039;s overbought conditions. 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