{"id":55760,"date":"2021-01-24T01:48:43","date_gmt":"2021-01-24T09:48:43","guid":{"rendered":"https:\/\/drduru.com\/onetwentytwo\/?p=55760"},"modified":"2021-01-24T02:02:37","modified_gmt":"2021-01-24T10:02:37","slug":"t2108-update-micro-bubbles-slicing-through-overbought-trading-signals","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2021\/01\/24\/t2108-update-micro-bubbles-slicing-through-overbought-trading-signals\/","title":{"rendered":"Micro-Bubbles Slicing Through Overbought Trading Signals &#8211; Above the 40 (January 22, 2021)"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\"><strong>Stock Market Commentary<\/strong><\/h2>\n\n\n\n<p><br>The stock market gapped up and <a href=\"https:\/\/drduru.com\/onetwentytwo\/2021\/01\/21\/t2108-update-stocks-jumped-never-looked-back-new-administration-began\/\">never looked back<\/a> in the wake of the Presidential Inauguration. Subsequently, buyers produced mixed follow-through for two days. Big cap tech defied the narrative of a rotation into value and industrial names by delivering the most convincing follow-through. A third drop from overbought conditions in a month further muddied the waters. This <a href=\"https:\/\/drduru.com\/onetwentytwo\/2021\/01\/16\/t2108-update-stocks-hold-tenuous-grip-on-overbought-trading-conditions\/\">tenuous hold on overbought conditions<\/a> is a prime driver keeping me wary. Yet, &#8220;micro-bubbles&#8221; slicing and rippling through the stock market create plentiful buying setups. <\/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) gained a single point the day after the U.S. Presidential Inauguration. The index lost just 0.3% on Friday. Basically, the S&amp;P 500 finished the week in an uneventful fashion.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/www.tradingview.com\/x\/9uENnBSo\/\"><img decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/9uENnBSo\/\" 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\/9uENnBSo\/\" target=\"_blank\" rel=\"noreferrer noopener\">S&amp;P 500 (SPY)<\/a> lost 0.7% after a picture-perfect bounce off 20DMA support but never looked back from there.<\/em><\/strong><\/figcaption><\/figure><\/div>\n\n\n\n<p>The NASDAQ (COMPQX) followed through on Wednesday&#8217;s excitement by managing to close two more times above its upper Bollinger Band (BB). Thursday delivered a 0.6% gain while Friday ended the day flat.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/www.tradingview.com\/x\/x1UqadEA\/\"><img decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/x1UqadEA\/\" 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\/x1UqadEA\/\" target=\"_blank\" rel=\"noreferrer noopener\">NASDAQ<\/a> (COMPQX) lost 0.8% after stopping short of testing its uptrending 20DMA support. The NASDAQ never looked back from there and even accelerated.<\/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>The iShares Trust Russell 2000 Index ETF (IWM) wavered a bit in this post-Inauguration trade. On Thursday, IWM lost 0.9%, but on Friday the index of small caps recovered from a gap down to gain 1.2%. IWM closed at a (marginal) all-time high.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><a href=\"https:\/\/www.tradingview.com\/x\/PAVBO3wb\/\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/PAVBO3wb\/\" alt=\"\" width=\"580\" height=\"384\"\/><\/a><figcaption><strong><em><a href=\"https:\/\/www.tradingview.com\/x\/PAVBO3wb\/\" target=\"_blank\" rel=\"noreferrer noopener\">iShares Trust Russell 2000 Index ETF<\/a> (IWM) wavered but pulled off a fresh all-time high.<\/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) gained 2.8% after fading from intraday highs. Recent support around 21 continues to hold. <\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/www.tradingview.com\/x\/Uk0UhhPD\/\"><img decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/Uk0UhhPD\/\" alt=\"The volatility index (VIX) continues to cling to the 20 threshold.\"\/><\/a><figcaption><strong><em>The <a href=\"https:\/\/www.tradingview.com\/x\/Uk0UhhPD\/\" target=\"_blank\" rel=\"noreferrer noopener\">volatility index (VIX)<\/a> is banging on the floor of support again.<\/em><\/strong><\/figcaption><\/figure><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>The Short-Term Trading Call: Reckoning with Micro-Bubbles<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\" id=\"block-8746fb62-8c65-4cd8-aa26-5b377e48018f\"><li><strong>AT40<\/strong> = 69.7% of stocks are trading above their respective 40-day moving averages (ending a 7-day overbought period)<\/li><li><strong>AT200<\/strong> = 88.6% of stocks are trading above their respective 200-day moving averages (<a href=\"https:\/\/www.tradingview.com\/x\/mBWofJ6u\/\" target=\"_blank\" rel=\"noreferrer noopener\">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, gapped down at the open. AT40 managed to fight its way back to 69.7%. Still, the move brought the latest overbought period to a conclusion  at 7 days. Unlike <a href=\"https:\/\/drduru.com\/onetwentytwo\/2021\/01\/05\/t2108-update-end-of-overbought-ushers-in-bear\/\">the last end to overbought conditions<\/a>, I am not rushing to get bearish. The short-term trading call stays at neutral. Sellers need to break the primary uptrend at the 20DMA to convince me to get off the fence. I do not foresee getting bullish again until the next trip to or close to oversold conditions. In other words, I anticipate being &#8220;non-bullish&#8221; for a while to come.<\/p>\n\n\n\n<p>The AT40 trading rules for overbought conditions face a new challenge: micro-bubbles. I heard this term used on <a href=\"https:\/\/animalspiritspod.libsyn.com\/micro-bubbles-ep187\" target=\"_blank\" rel=\"noreferrer noopener\">the Animal Spirits podcast<\/a>. Micro-bubbles are specific pockets of the market experiencing astronomical price gains both well ahead of the fundamentals and the expectations of technical price action (like sustained parabolic run-ups). I care less about the violations of fundamentals and more about the stretched technicals. Pushing past the technical expectations forces me to imagine the previously unimaginable and push past my own incredulity. Most importantly, micro-bubbles are slicing right through overbought trading signals.<\/p>\n\n\n\n<p>These hyper-bullish conditions mean that plenty of money can be made going long even as the underpinnings of the market appear to weaken with these tenuous overbought conditions. <a href=\"https:\/\/drduru.com\/onetwentytwo\/2021\/01\/07\/t2108-update-triumph-of-liquidity-new-overbought-period\/\">Liquidity dominates all else<\/a>. Here are some fascinating stats related to micro-bubbles quoted on the animal Spirits podcast:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Technology stocks were up 44% in 2020 while the top 5 performers were up over 400%<\/li><li>Energy was down 33% although the best performer was up 240%<\/li><li>A handful of penny stocks made up a fifth of U.S. trading volume<\/li><li>One trillion shares in penny stocks traded in December. Compare to &#8220;just&#8221; 200 billion shares in November<\/li><li>Micro-cap stocks have out-performed large caps 32% vs 15%<\/li><li>Last week, small trader options volume exceeded 9% of NYSE options volume for the first time<\/li><li>Chinese electric car maker Nio Inc (NIO): #nio has accumulated 35M views on Tik Tok, from 100 Twitter mentions in early 2020 to as many as 6800 mentions in November, second most actively traded stock in the U.S. over the past year<\/li><\/ul>\n\n\n\n<p>Micro-bubbles have been a theme of the podcast for 7 months, so there is no telling when\/if this action ends&#8230;<\/p>\n\n\n\n<iframe loading=\"lazy\" style=\"border: none\" src=\"\/\/html5-player.libsyn.com\/embed\/episode\/id\/17612891\/height\/90\/theme\/custom\/thumbnail\/yes\/direction\/forward\/render-playlist\/no\/custom-color\/000000\/\" height=\"90\" width=\"100%\" scrolling=\"no\" allowfullscreen=\"\" webkitallowfullscreen=\"\" mozallowfullscreen=\"\" oallowfullscreen=\"\" msallowfullscreen=\"\"><\/iframe>\n\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Frenzied options trading adds to the speculative fervor in certain pockets of the market, enhancing the appeal of micro-bubbles. <a href=\"https:\/\/twitter.com\/OptionsAction\/status\/1352389486022422528?s=20\" target=\"_blank\" rel=\"noreferrer noopener\">CNBC&#8217;s Options Action quoted data<\/a> showing that 2020 was the biggest year for options trading in history: 21.22B total contracts traded, up 39.3% from 2019. According to Mandy Xu from Credit Suisse, options action was concentrated in tech names through November 2000. Since then, action has rotated into beaten down sectors like value names. Moreover, about half of options trading is in weekly options expiring in two weeks (guilty as charged!).<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Feeling trendy? Mandy Xu of <a href=\"https:\/\/twitter.com\/CreditSuisse?ref_src=twsrc%5Etfw\">@CreditSuisse<\/a> shares all the top trends she sees in 2021 for the options market. <a href=\"https:\/\/t.co\/shILx4Mtqy\">pic.twitter.com\/shILx4Mtqy<\/a><\/p>&mdash; Options Action (@OptionsAction) <a href=\"https:\/\/twitter.com\/OptionsAction\/status\/1352389486022422528?ref_src=twsrc%5Etfw\">January 21, 2021<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/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>VMWare<\/strong> (VMW)<\/h3>\n\n\n\n<p>I check in from time-to-time on networking software company VMware (VMW) looking for a definitive breakdown or breakout. Still no luck. VMW has managed to remain stuck in a 9-month trading range. At its peak, VMW barely recovered its losses from the March collapse in the stock market. Something tells me VMW is under-valued and under-loved but maybe a good reason exists&#8230; The space is tough. <a href=\"https:\/\/drduru.com\/onetwentytwo\/2020\/11\/29\/t2108-update-overbought-stock-market-stretching-for-fresh-rally\/\">Competitor Nutanix (NTNX)<\/a> is just now recovering its losses from the March meltdown. Micro-bubbles are happily ignoring VMW.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/www.tradingview.com\/x\/JtixqZCF\/\"><img decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/JtixqZCF\/\" alt=\"\"\/><\/a><figcaption><strong><em><a href=\"https:\/\/www.tradingview.com\/x\/JtixqZCF\/\" target=\"_blank\" rel=\"noreferrer noopener\">VMware (VMW)<\/a> just keeps churning around its 50 and 200DMAs.<\/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>Teucrium Commodity Trust Corn Fund<\/strong> (CORN)<\/h3>\n\n\n\n<p>The Teucrium Commodity Trust Corn Fund (CORN) plunged 4.1% on Friday. I happened to take profits two days prior. The prior week&#8217;s 1-day 6.3% surge put me on sell alert. Regular readers know I have a hard time trusting the sustainability of rapid and large upside moves. Still, <a href=\"https:\/\/drduru.com\/onetwentytwo\/2020\/10\/21\/time-to-buy-corn-after-a-bullish-breakout\/\">as an ag-bull<\/a>, I resisted the urge to sell immediately. I watched in growing relief as the price continued to stay elevated. However, a gap down and 1.3% loss on Wednesday delivered the sell signal.<\/p>\n\n\n\n<p>I need to dedicate a future post to the play in agriculture. While CORN looks topped out for now, I think it will remain a bullish play for some time to come. I am looking for a test of 50DMA support.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/www.tradingview.com\/x\/n5G99w0O\/\"><img decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/n5G99w0O\/\" alt=\"\"\/><\/a><figcaption><strong><em><a href=\"https:\/\/www.tradingview.com\/x\/n5G99w0O\/\" target=\"_blank\" rel=\"noreferrer noopener\">Teucrium Commodity Trust Corn Fund<\/a> (CORN) plunged 6.3% and closed right on top of uptrending 20DMA support.<\/em><\/strong><\/figcaption><\/figure><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Cryoport Inc<\/strong> (CYRX)<\/h3>\n\n\n\n<p>Cryoport Inc (CYRX) may have micro-bubble aspirations with last week&#8217;s trading action. Despite a secondary stock offering at $66, the stock ended the week at $82.11 &#8211; a move demonstrating extremely strong demand for CYRX. An 18.3% surge and breakout to an all-time high on January 14th was an affirmation of the bullish trading action. CYRX gained 32.4% on the week. The stock is already a near double year-to-date. The company &#8220;<a href=\"https:\/\/finance.yahoo.com\/quote\/CYRX\/profile?p=CYRX\" target=\"_blank\" rel=\"noreferrer noopener\">provides temperature-controlled logistics and biostorage services to the life sciences industry&#8221;<\/a>, so it is part of the suite of solutions fighting the coronavirus pandemic.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/www.tradingview.com\/x\/HgXjZO21\/\"><img decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/HgXjZO21\/\" alt=\"\"\/><\/a><figcaption><em><strong><a href=\"https:\/\/www.tradingview.com\/x\/HgXjZO21\/\" target=\"_blank\" rel=\"noreferrer noopener\">Cryoport Inc<\/a> (CYRX) is riding its upper Bollinger Band to higher heights.<\/strong><\/em><\/figcaption><\/figure><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Express Inc<\/strong> (EXPR)<\/h3>\n\n\n\n<p>I loved buying apparel from Express Inc (EXPR) back in the 1990s. I stopped shopping there after the company seemed to change its target audience to slim and trim, ultra style conscious consumers. The company was the 6th largest retail brand in the U.S. when <a href=\"https:\/\/www.reuters.com\/article\/idUSN1622396920100216\" target=\"_blank\" rel=\"noreferrer noopener\">it filed for an IPO in 2010<\/a>. Ten years later, the company was descending <a href=\"https:\/\/www.clickondetroit.com\/consumer\/help-me-hank\/2020\/01\/23\/express-is-closing-31-stores-this-month-including-2-in-michigan\/\" target=\"_blank\" rel=\"noreferrer noopener\">into trouble ahead of the pandemic<\/a>. <a href=\"https:\/\/www.usatoday.com\/story\/money\/2020\/01\/22\/express-store-closures-shopping-2020-2021\/4539827002\/\" target=\"_blank\" rel=\"noreferrer noopener\">Store closures continue<\/a> as shopping malls struggle and the CEO attempts a turn-around strategy. This swirl is the perfect recipe for speculators who see a &#8220;cheap&#8221; stock (priced under $1) and who love the adrenaline rush of betting against bankruptcy.<\/p>\n\n\n\n<p>A proliferation of micro-bubbles makes EXPR look like a potential rocketship. Indeed, the stock surged 53.0% on Friday on no news I could find&#8230;.except it was a day that a select group of micro-bubble stocks surged insane amounts as well. Note that even with Friday&#8217;s gain, EXPR barely made a 7-month closing high. EXPR lost 26.0% post-earnings on December 3rd. <\/p>\n\n\n\n<p>I love 200DMA breakout plays, so I am watching closely for EXPR developments closely. Closing the post-earnings gap down is a bonus bullish move. If I see at least a sliver of news confirming that EXPR is turning things around, I will likely join the speculators with a small position.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/www.tradingview.com\/x\/NB2vGPSa\/\"><img decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/NB2vGPSa\/\" alt=\"\"\/><\/a><figcaption><strong><em><a href=\"https:\/\/www.tradingview.com\/x\/NB2vGPSa\/\" target=\"_blank\" rel=\"noreferrer noopener\">Express Inc<\/a> (EXPR) burst through its 200DMA again. Is the third time a charm?<\/em><\/strong><\/figcaption><\/figure><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Intel<\/strong> (INTC)<\/h3>\n\n\n\n<p>The trading action in Intel (INTC) is getting wilder and wilder. INTC gained 14.0% (even after a strong fade from the gap open) on news of the highly criticized CEO&#8217;s exit. At its highs, INTC stopped just short of closing its gap from its disastrous July earnings report. INTC looked set to churn all the way into earnings until the accidental release of a slide from its earnings presentation forced the company to pre-release its entire earnings report. After the dust settled, INTC took a 6.5% 1-day gain into earnings. Reality hit like a brick the next day with a 9.3% loss and a new post-CEO closing low. I now wait for a new entry for the between earnings trade on INTC. I am eyeing a test of 200DMA support as a first try.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/www.tradingview.com\/x\/F27YBghL\/\"><img decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/F27YBghL\/\" alt=\"\"\/><\/a><figcaption><strong><em><a href=\"https:\/\/www.tradingview.com\/x\/F27YBghL\/\" target=\"_blank\" rel=\"noreferrer noopener\">Intel<\/a> (INTC) is still levitating well above its 200DMA despite some wild swings.<\/em><\/strong><\/figcaption><\/figure><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Jumia Technologies<\/strong> (JMIA)<\/h3>\n\n\n\n<p>At the end of November, I wrote about <a href=\"https:\/\/drduru.com\/onetwentytwo\/2020\/11\/26\/how-to-buy-jumia-technolgies-with-limited-risk\/\">how to buy<\/a> Jumia Technologies (JMIA) with limited risk. The trading action since then has turned out highly conducive to this strategy. I now have a covered call position with a $50 strike expiring next Friday. Given Friday&#8217;s 25.0% surge to an all-time high, I fully expect to get called away. I will look to reload after that event with the full position in place using a covered call AND a put option for protection against an extreme pullback. <\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/www.tradingview.com\/x\/47DaqNTJ\/\"><img decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/47DaqNTJ\/\" alt=\"\"\/><\/a><figcaption><strong><a href=\"https:\/\/www.tradingview.com\/x\/47DaqNTJ\/\" target=\"_blank\" rel=\"noreferrer noopener\">Jumia Technologies<\/a> (JMIA) jumped 25.0% to an all-time high.<\/strong><\/figcaption><\/figure><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong><strong>Vuzix Corp <\/strong><\/strong>(VUZI)<\/h3>\n\n\n\n<p>I had no idea smart glasses have made a comeback. Vuzix Corp (VUZI) &#8220;<a href=\"https:\/\/finance.yahoo.com\/quote\/vuzi\/profile?p=vuzi\" target=\"_blank\" rel=\"noreferrer noopener\">designs, manufactures, markets, and sells augmented reality (AR) wearable display and computing devices<\/a>.&#8221; VUZI&#8217;s 13.5% gain on Friday caught my attention. Since reporting earnings in November, VUZI is up 261% &#8211; largely thanks to a 7-day run-up last month. While VUZI could be entering micro-bubble territory, at least the stock has been around since 2011 and the latest surge represents a fresh breakout to an all-time high. The last major peak was at <a href=\"https:\/\/www.tradingview.com\/x\/cAWY0UBN\/\" target=\"_blank\" rel=\"noreferrer noopener\">a $10.80 close on January 24th<\/a>. VUZI had a near-death experience trading at $0.92 after earnings at the bottom of the stock market crash in March. The stock is a buy on the next pullback with a tight stop below Friday&#8217;s intraday low.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"View the Future with Vuzix Next Generation Smart Glasses\" width=\"1200\" height=\"675\" src=\"https:\/\/www.youtube.com\/embed\/fs-tFFisQjw?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/www.tradingview.com\/x\/Std9GJAD\/\"><img decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/Std9GJAD\/\" alt=\"\"\/><\/a><figcaption><strong><em>The latest surge in <a href=\"https:\/\/www.tradingview.com\/x\/Std9GJAD\/\" target=\"_blank\" rel=\"noreferrer noopener\">Vuzik Corp<\/a> (VUZI) created an upside resolution to a Bollinger Band squeeze.<\/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 #70 over 20%, Day #54 above 30%, Day #53 over 40%, Day #52 over 50%, Day #51 over 60%, Day #1 under 70% (ending 7 days overbought)<\/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\/mBWofJ6u\/\"><img decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/mBWofJ6u\/\" 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\/mBWofJ6u\/\" 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 shares and calls, long SPY put spread, long JMIA covered call<\/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 stock market gapped up and never looked back in the wake of the Presidential Inauguration. Subsequently, buyers produced mixed follow-through for two days. Big cap tech defied the narrative of a rotation into value and industrial names by delivering the most convincing follow-through. A third drop from overbought conditions in a &#8230; <a title=\"Micro-Bubbles Slicing Through Overbought Trading Signals &#8211; Above the 40 (January 22, 2021)\" class=\"read-more\" href=\"https:\/\/drduru.com\/onetwentytwo\/2021\/01\/24\/t2108-update-micro-bubbles-slicing-through-overbought-trading-signals\/\">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":[673,584,482,300,219,599,338,796,1311,62,982],"tags":[1819,1955,635,2642,2643,1716,2644,222,221,2630,909,2178,2296,413,65,2648,362,226,1025,303,1288,1476,2645,2646],"class_list":["post-55760","post","type-post","status-publish","format-standard","hentry","category-agriculture-2","category-bollinger-band","category-breakout","category-health-care","category-high-tech","category-internet","category-retail","category-semiconductors","category-software","category-technical-analysis","category-trading-range","tag-at40","tag-compqx","tag-corn","tag-cryoport-inc","tag-cyrx","tag-expr","tag-express-inc","tag-intc","tag-intel","tag-ishares-trust-russell-2000-index-etf","tag-iwm","tag-jmia","tag-jumia-technologies","tag-nasdaq","tag-sp-500","tag-secondary-stock-offering","tag-spy","tag-t2108","tag-teucrium-corn","tag-vix","tag-vmw","tag-vmware","tag-vuzi","tag-vuzix-corp"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Micro-Bubbles Slicing Through Overbought Trading Signals<\/title>\n<meta name=\"description\" content=\"A tenuous hold on overbought conditions keeps me wary but the allure of micro bubbles is helping to muddy related trading signals.\" \/>\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\/2021\/01\/24\/t2108-update-micro-bubbles-slicing-through-overbought-trading-signals\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Micro-Bubbles Slicing Through Overbought Trading Signals - Above the 40 (January 22, 2021)\" \/>\n<meta property=\"og:description\" content=\"A tenuous hold on overbought conditions keeps me wary but the allure of micro bubbles is helping to muddy related trading signals.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/drduru.com\/onetwentytwo\/2021\/01\/24\/t2108-update-micro-bubbles-slicing-through-overbought-trading-signals\/\" \/>\n<meta property=\"og:site_name\" content=\"ONE-TWENTY TWO: Trading Financial Markets\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-24T09:48:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-01-24T10:02:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.tradingview.com\/x\/9uENnBSo\/\" \/>\n<meta name=\"author\" content=\"Dr. Duru\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Micro-Bubbles Slicing Through Overbought Trading Signals - Above the 40 (January 22, 2021)\" \/>\n<meta name=\"twitter:description\" content=\"A tenuous hold on overbought conditions keeps me wary but the allure of micro bubbles is helping to muddy related trading signals.\" \/>\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=\"12 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2021\\\/01\\\/24\\\/t2108-update-micro-bubbles-slicing-through-overbought-trading-signals\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2021\\\/01\\\/24\\\/t2108-update-micro-bubbles-slicing-through-overbought-trading-signals\\\/\"},\"author\":{\"name\":\"Dr. Duru\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\"},\"headline\":\"Micro-Bubbles Slicing Through Overbought Trading Signals &#8211; Above the 40 (January 22, 2021)\",\"datePublished\":\"2021-01-24T09:48:43+00:00\",\"dateModified\":\"2021-01-24T10:02:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2021\\\/01\\\/24\\\/t2108-update-micro-bubbles-slicing-through-overbought-trading-signals\\\/\"},\"wordCount\":1993,\"commentCount\":3,\"publisher\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\"},\"image\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2021\\\/01\\\/24\\\/t2108-update-micro-bubbles-slicing-through-overbought-trading-signals\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.tradingview.com\\\/x\\\/9uENnBSo\\\/\",\"keywords\":[\"AT40\",\"COMPQX\",\"CORN\",\"Cryoport Inc\",\"CYRX\",\"EXPR\",\"Express Inc\",\"INTC\",\"Intel\",\"iShares Trust Russell 2000 Index ETF\",\"IWM\",\"JMIA\",\"Jumia Technologies\",\"NASDAQ\",\"S&amp;P 500\",\"secondary stock offering\",\"SPY\",\"T2108\",\"Teucrium Corn\",\"VIX\",\"VMW\",\"Vmware\",\"VUZI\",\"Vuzix Corp\"],\"articleSection\":[\"Agriculture\",\"Bollinger Band\",\"Breakout\",\"Health Care\",\"High Tech\",\"Internet\",\"Retail\",\"Semiconductors\",\"Software\",\"Technical Analysis\",\"Trading Range\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2021\\\/01\\\/24\\\/t2108-update-micro-bubbles-slicing-through-overbought-trading-signals\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2021\\\/01\\\/24\\\/t2108-update-micro-bubbles-slicing-through-overbought-trading-signals\\\/\",\"url\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2021\\\/01\\\/24\\\/t2108-update-micro-bubbles-slicing-through-overbought-trading-signals\\\/\",\"name\":\"Micro-Bubbles Slicing Through Overbought Trading Signals\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2021\\\/01\\\/24\\\/t2108-update-micro-bubbles-slicing-through-overbought-trading-signals\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2021\\\/01\\\/24\\\/t2108-update-micro-bubbles-slicing-through-overbought-trading-signals\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.tradingview.com\\\/x\\\/9uENnBSo\\\/\",\"datePublished\":\"2021-01-24T09:48:43+00:00\",\"dateModified\":\"2021-01-24T10:02:37+00:00\",\"description\":\"A tenuous hold on overbought conditions keeps me wary but the allure of micro bubbles is helping to muddy related trading signals.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2021\\\/01\\\/24\\\/t2108-update-micro-bubbles-slicing-through-overbought-trading-signals\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2021\\\/01\\\/24\\\/t2108-update-micro-bubbles-slicing-through-overbought-trading-signals\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2021\\\/01\\\/24\\\/t2108-update-micro-bubbles-slicing-through-overbought-trading-signals\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.tradingview.com\\\/x\\\/9uENnBSo\\\/\",\"contentUrl\":\"https:\\\/\\\/www.tradingview.com\\\/x\\\/9uENnBSo\\\/\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2021\\\/01\\\/24\\\/t2108-update-micro-bubbles-slicing-through-overbought-trading-signals\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Micro-Bubbles Slicing Through Overbought Trading Signals &#8211; Above the 40 (January 22, 2021)\"}]},{\"@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":"Micro-Bubbles Slicing Through Overbought Trading Signals","description":"A tenuous hold on overbought conditions keeps me wary but the allure of micro bubbles is helping to muddy related trading signals.","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\/2021\/01\/24\/t2108-update-micro-bubbles-slicing-through-overbought-trading-signals\/","og_locale":"en_US","og_type":"article","og_title":"Micro-Bubbles Slicing Through Overbought Trading Signals - Above the 40 (January 22, 2021)","og_description":"A tenuous hold on overbought conditions keeps me wary but the allure of micro bubbles is helping to muddy related trading signals.","og_url":"https:\/\/drduru.com\/onetwentytwo\/2021\/01\/24\/t2108-update-micro-bubbles-slicing-through-overbought-trading-signals\/","og_site_name":"ONE-TWENTY TWO: Trading Financial Markets","article_published_time":"2021-01-24T09:48:43+00:00","article_modified_time":"2021-01-24T10:02:37+00:00","og_image":[{"url":"https:\/\/www.tradingview.com\/x\/9uENnBSo\/","type":"","width":"","height":""}],"author":"Dr. Duru","twitter_card":"summary_large_image","twitter_title":"Micro-Bubbles Slicing Through Overbought Trading Signals - Above the 40 (January 22, 2021)","twitter_description":"A tenuous hold on overbought conditions keeps me wary but the allure of micro bubbles is helping to muddy related trading signals.","twitter_creator":"@drduru","twitter_site":"@drduru","twitter_misc":{"Written by":"Dr. Duru","Est. reading time":"12 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/drduru.com\/onetwentytwo\/2021\/01\/24\/t2108-update-micro-bubbles-slicing-through-overbought-trading-signals\/#article","isPartOf":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2021\/01\/24\/t2108-update-micro-bubbles-slicing-through-overbought-trading-signals\/"},"author":{"name":"Dr. Duru","@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0"},"headline":"Micro-Bubbles Slicing Through Overbought Trading Signals &#8211; Above the 40 (January 22, 2021)","datePublished":"2021-01-24T09:48:43+00:00","dateModified":"2021-01-24T10:02:37+00:00","mainEntityOfPage":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2021\/01\/24\/t2108-update-micro-bubbles-slicing-through-overbought-trading-signals\/"},"wordCount":1993,"commentCount":3,"publisher":{"@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0"},"image":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2021\/01\/24\/t2108-update-micro-bubbles-slicing-through-overbought-trading-signals\/#primaryimage"},"thumbnailUrl":"https:\/\/www.tradingview.com\/x\/9uENnBSo\/","keywords":["AT40","COMPQX","CORN","Cryoport Inc","CYRX","EXPR","Express Inc","INTC","Intel","iShares Trust Russell 2000 Index ETF","IWM","JMIA","Jumia Technologies","NASDAQ","S&amp;P 500","secondary stock offering","SPY","T2108","Teucrium Corn","VIX","VMW","Vmware","VUZI","Vuzix Corp"],"articleSection":["Agriculture","Bollinger Band","Breakout","Health Care","High Tech","Internet","Retail","Semiconductors","Software","Technical Analysis","Trading Range"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/drduru.com\/onetwentytwo\/2021\/01\/24\/t2108-update-micro-bubbles-slicing-through-overbought-trading-signals\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/drduru.com\/onetwentytwo\/2021\/01\/24\/t2108-update-micro-bubbles-slicing-through-overbought-trading-signals\/","url":"https:\/\/drduru.com\/onetwentytwo\/2021\/01\/24\/t2108-update-micro-bubbles-slicing-through-overbought-trading-signals\/","name":"Micro-Bubbles Slicing Through Overbought Trading Signals","isPartOf":{"@id":"https:\/\/drduru.com\/onetwentytwo\/#website"},"primaryImageOfPage":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2021\/01\/24\/t2108-update-micro-bubbles-slicing-through-overbought-trading-signals\/#primaryimage"},"image":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2021\/01\/24\/t2108-update-micro-bubbles-slicing-through-overbought-trading-signals\/#primaryimage"},"thumbnailUrl":"https:\/\/www.tradingview.com\/x\/9uENnBSo\/","datePublished":"2021-01-24T09:48:43+00:00","dateModified":"2021-01-24T10:02:37+00:00","description":"A tenuous hold on overbought conditions keeps me wary but the allure of micro bubbles is helping to muddy related trading signals.","breadcrumb":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2021\/01\/24\/t2108-update-micro-bubbles-slicing-through-overbought-trading-signals\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/drduru.com\/onetwentytwo\/2021\/01\/24\/t2108-update-micro-bubbles-slicing-through-overbought-trading-signals\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/drduru.com\/onetwentytwo\/2021\/01\/24\/t2108-update-micro-bubbles-slicing-through-overbought-trading-signals\/#primaryimage","url":"https:\/\/www.tradingview.com\/x\/9uENnBSo\/","contentUrl":"https:\/\/www.tradingview.com\/x\/9uENnBSo\/"},{"@type":"BreadcrumbList","@id":"https:\/\/drduru.com\/onetwentytwo\/2021\/01\/24\/t2108-update-micro-bubbles-slicing-through-overbought-trading-signals\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/drduru.com\/onetwentytwo\/"},{"@type":"ListItem","position":2,"name":"Micro-Bubbles Slicing Through Overbought Trading Signals &#8211; Above the 40 (January 22, 2021)"}]},{"@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\/55760","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=55760"}],"version-history":[{"count":11,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts\/55760\/revisions"}],"predecessor-version":[{"id":55774,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts\/55760\/revisions\/55774"}],"wp:attachment":[{"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/media?parent=55760"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/categories?post=55760"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/tags?post=55760"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}