{"id":56069,"date":"2021-02-28T02:02:26","date_gmt":"2021-02-28T10:02:26","guid":{"rendered":"https:\/\/drduru.com\/onetwentytwo\/?p=56069"},"modified":"2021-02-28T09:18:15","modified_gmt":"2021-02-28T17:18:15","slug":"t2108-update-tricky-trading-quickly-took-stocks-from-strength-to-weakness","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2021\/02\/28\/t2108-update-tricky-trading-quickly-took-stocks-from-strength-to-weakness\/","title":{"rendered":"Tricky Trading Quickly Took Stocks from Strength to Weakness &#8211; Above the 40 (February 26, 2021)"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\"><strong>Stock Market Commentary<\/strong><\/h2>\n\n\n\n<p>The stock market got quite tricky last week. A day after <a href=\"https:\/\/drduru.com\/onetwentytwo\/2021\/02\/25\/t2108-update-another-swift-drop-in-stocks-paved-way-for-fresh-buying-power\/\">buyers re-established control<\/a>, sellers returned with a sustained fury. The selling on Thursday reflected <a href=\"https:\/\/drduru.com\/onetwentytwo\/2021\/02\/20\/t2108-update-split-personality-market-emerges-from-end-of-overbought-conditions\/\">the stock market&#8217;s split personality<\/a> while the follow-up selling on Friday seemed broader. The pressure on the the stock market looks like an ominous setup for March which actually happens to be <a href=\"https:\/\/drduru.com\/onetwentytwo\/2018\/10\/14\/what-a-price-history-of-drawdowns-says-about-october-bottoms\/\">one of the stock market&#8217;s most benign months for drawdowns<\/a>. This push and pull of short-term prospects promises to keep the market tricky with volatile twists and turns.<\/p>\n\n\n\n<figure class=\"wp-block-embed aligncenter is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-4-3 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"RUN DMC - It&#039;s Tricky (Official Video)\" width=\"1200\" height=\"900\" src=\"https:\/\/www.youtube.com\/embed\/l-O5IHVhWj0?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe>\n<\/div><\/figure>\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) went from a picture-perfect confirmation of support at its 50-day moving average (DMA) (the red line) to a quick retest of the same support line. Sellers took the index down 2.5% and 0.5% on subsequent days.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/www.tradingview.com\/x\/OVnFUUvS\/\"><img decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/OVnFUUvS\/\" 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\/OVnFUUvS\/\" target=\"_blank\" rel=\"noreferrer noopener\">S&amp;P 500 (SPY)<\/a> quickly returned to an important test of 50DMA support.<\/em><\/strong><\/figcaption><\/figure><\/div>\n\n\n\n<p>The NASDAQ (COMPQX) was not as fortunate as the S&amp;P 500. The tech-laden index sliced right through its 50DMA support on a 3.5% loss. A relief rally to end the week took the NASDAQ back to 50DMA resistance with a 0.5% gain.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/www.tradingview.com\/x\/ieq1LOpA\/\"><img decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/ieq1LOpA\/\" alt=\"The NASDAQ (COMPQX) gained 0.7% to end a week the strung together a series of all-time highs.\"\/><\/a><figcaption><em style=\"\"><b>The <\/b><a style=\"font-weight: bold;\" href=\"https:\/\/www.tradingview.com\/x\/ieq1LOpA\/\" target=\"_blank\" rel=\"noreferrer noopener\">NASDAQ<\/a><b> (COMPQX) suffered a 50DMA breakdown and a sagging lower Bollinger Band (BB) suggests more downside is <\/b><\/em><strong><em>around the corner.<\/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) faded from a test of its all-time high with a 3.5% loss. Buyers and sellers fought to a near stalemate on Friday. Despite a fade from 20DMA resistance (the dotted black line), IWM remains in a better position relative to the S&amp;P 500 and the NASDAQ. I passed on taking small profits on my IWM calendar spread and now sit on the long side of the position with a shred of hope for salvaging residual value. Talk about a tricky trade&#8230;<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/www.tradingview.com\/x\/QjAzC6Jr\/\"><img decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/QjAzC6Jr\/\" alt=\"\"\/><\/a><figcaption><strong><em>The uptrend in the <a href=\"https:\/\/www.tradingview.com\/x\/QjAzC6Jr\/\" target=\"_blank\" rel=\"noreferrer noopener\">iShares Trust Russell 2000 Index ETF<\/a> (IWM) has lived off 20DMA support since November. The current selling threatens that reliability.<\/em><\/strong><\/figcaption><\/figure><\/div>\n\n\n\n<p>The Select Sector SPDR Trust Financial (XLF) suddenly earned the ire of sellers. After bouncing from 50DMA support in January, XLF gained on 15 of 17 trading days. Two days of selling put a bold question mark on the last all-time high. XLF lost 1.9% two days in a row. <\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/www.tradingview.com\/x\/UjbXj3VT\/\"><img decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/UjbXj3VT\/\" alt=\"\"\/><\/a><figcaption><strong><em><a href=\"https:\/\/www.tradingview.com\/x\/UjbXj3VT\/\" target=\"_blank\" rel=\"noreferrer noopener\">Select Sector SPDR Trust Financial<\/a> (XLF) remains well above uptrending 20DMA support despite two straight days of high-volume selling.<\/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) soared 35.4% on Thursday as strong selling sent the fear gauge stratospheric. Friday&#8217;s selling was not enough to keep the volatility faders at bay, and the VIX lost 3.2%. The VIX travelled from Thursday&#8217;s high to a low of 25.2. Since large one-day gains in the VIX are not sustainable, the odds favor the volatility faders in the coming week. If the VIX manages to beat the odds, I will interpret such a feat as particularly ominous. Tricky trading ahead promises to keep the question marks on the VIX loud and active.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/www.tradingview.com\/x\/AFPF0Ztn\/\"><img decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/AFPF0Ztn\/\" alt=\"The volatility index (VIX) continues to cling to the 20 threshold.\"\/><\/a><figcaption><strong><em>The latest surge in the <a href=\"https:\/\/www.tradingview.com\/x\/AFPF0Ztn\/\" target=\"_blank\" rel=\"noreferrer noopener\">volatility index (VIX)<\/a> was impressive, but it still came far short of previous peaks since September.<\/em><\/strong><\/figcaption><\/figure><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>The Short-Term Trading Call for A Tricky Stock Market:<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\" id=\"block-8746fb62-8c65-4cd8-aa26-5b377e48018f\"><li><strong>AT40<\/strong> (T2108) = 51.6% of stocks are trading above their respective 40-day moving averages (3-week low)<\/li><li><strong>AT200<\/strong> (T2107) = 84.4% of stocks are trading above their respective 200-day moving averages (<a href=\"https:\/\/www.tradingview.com\/x\/cz1aVW6H\/\" target=\"_blank\" rel=\"noreferrer noopener\">TradingView&#8217;s calculation<\/a>) (near 3-month low)<\/li><li><strong>Short-term Trading Call<\/strong>: cautiously bearish<\/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 51.6% as stocks faced broad pressure. Even the longer-term indicator of AT200 (T2108) notably faltered by hitting a 3-month low. I assumed the buying strength on Wednesday would send the stock market back to overbought territory and my short-term trading call back to neutral. Instead, I am left quite comfortable sitting on my cautiously bearish short-term trading call. This time, tricky market churn did not force a change in the short-term trading call. <\/p>\n\n\n\n<p>The currency market is screaming risk-off. The Australian dollar versus the Japanese yen (AUD\/JPY) reversed sharply off Wednesday&#8217;s strength. While the stock market selling on Friday was milder than Thursday&#8217;s selling, AUD\/JPY suffered mightily on Friday. Until proven otherwise, the two days of intense downward pressure <a href=\"https:\/\/drduru.com\/onetwentytwo\/2019\/04\/13\/why-australian-dollar-japanese-yen-matter-for-stock-traders\/\">suggests<\/a> a sudden exhaustion of risk-on sentiment. <\/p>\n\n\n\n<figure class=\"wp-block-embed aligncenter 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\"><a href=\"https:\/\/twitter.com\/search?q=%24AUDJPY&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$AUDJPY<\/a> looks like it finally hit an exhaustion point today. Implies risk-off sentiment is just beginning. A post I wrote 2 years ago explaining why this pair matters to stock traders. <a href=\"https:\/\/t.co\/Y2oT1NV58I\">https:\/\/t.co\/Y2oT1NV58I<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/forex?src=hash&amp;ref_src=twsrc%5Etfw\">#forex<\/a> <a href=\"https:\/\/t.co\/nGKNMvYqHw\">pic.twitter.com\/nGKNMvYqHw<\/a><\/p>&mdash; Dr. Duru (@DrDuru) <a href=\"https:\/\/twitter.com\/DrDuru\/status\/1365000991087599619?ref_src=twsrc%5Etfw\">February 25, 2021<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/www.tradingview.com\/x\/FmQLTG5Z\/\"><img decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/FmQLTG5Z\/\" alt=\"\"\/><\/a><figcaption><strong><em><a href=\"https:\/\/www.tradingview.com\/x\/FmQLTG5Z\/\" target=\"_blank\" rel=\"noreferrer noopener\">The Australian dollar versus the Japanese yen<\/a> (AUD\/JPY) broke out to a new 26-month high.<\/em><\/strong><\/figcaption><\/figure><\/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>Apple Inc. <\/strong>(AAPL)<\/h3>\n\n\n\n<p>Apple (APPL) helped lead the way downward to this point. The market is slowly but surely cashing in on a lot of big cap tech. On-going pressure in market darling and favorite AAPL could poison the well of sentiment in the broader market. AAPL is stuck in a firmly bearish position with a confirmed 50DMA breakdown and a recent close at a 2-month low. <\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/www.tradingview.com\/x\/gpthmL3L\/\"><img decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/gpthmL3L\/\" alt=\"\"\/><\/a><figcaption><strong><em><a href=\"https:\/\/www.tradingview.com\/x\/gpthmL3L\/\" target=\"_blank\" rel=\"noreferrer noopener\">Apple<\/a> Inc. (AAPL) continues to struggle as the stock faded back toward a 2 1\/2 month low.<\/em><\/strong><\/figcaption><\/figure><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Salesforce.com Inc. <\/strong>(CRM)<\/h3>\n\n\n\n<p>Sellers moved swiftly on Salesforce.com (CRM) post-earnings. While the stock is &#8220;only&#8221; at a 6-week or so low, the stock decisively punched through 50 and 200DMA supports (the 200DMA is the blue line in the chart below). Given CRM&#8217;s heralded status in the software space, new lows will likely further dampen market sentiment in (big cap) tech.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/www.tradingview.com\/x\/Ef2tNkFW\/\"><img decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/Ef2tNkFW\/\" alt=\"\"\/><\/a><figcaption><strong><em><a href=\"https:\/\/www.tradingview.com\/x\/Ef2tNkFW\/\" target=\"_blank\" rel=\"noreferrer noopener\">Salesforce.com Inc,<\/a> (CRM) lost 6.3% post-earnings and sliced through both 50 and 200DMA supports.<\/em><\/strong><\/figcaption><\/figure><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Home Depot<\/strong> (HD)<\/h3>\n\n\n\n<p>After going nowhere for 7 months, post-earnings trading finally tipped over Home Depot (HD). The big box home improvement and hardware retailer lost 2.7% post-earnings. The stock went on to confirm 50 and 200DMA breakdowns. HD ended the week with a 1.2% gain off an 8-month low.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/www.tradingview.com\/x\/DZl1yfxh\/\"><img decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/DZl1yfxh\/\" alt=\"\"\/><\/a><figcaption><strong><em><a href=\"https:\/\/www.tradingview.com\/x\/DZl1yfxh\/\" target=\"_blank\" rel=\"noreferrer noopener\">Home Depot<\/a> (HD) got a relief bounce of 1.2% off  an 8-month low.<\/em><\/strong><\/figcaption><\/figure><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Best Buy<\/strong> (BBY)<\/h3>\n\n\n\n<p>Electronics retailer received another post-earnings beating. This time around the trading was particularly tricky. After gapping down to 200DMA support, buyers almost closed the entire gap. Sellers won the day by pushing BBY all the way back through 200DMA support and a 9.3% post-earnings loss. Sellers followed through on Friday by landing BBY right on the $100 level.<\/p>\n\n\n\n<p>BBY now faces an important test of the lows from December. First, a relief rally is likely as the stock is over-extended below its lower Bollinger Band (BB) (the solid black line).<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/www.tradingview.com\/x\/GP3qL8Q3\/\"><img decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/GP3qL8Q3\/\" alt=\"\"\/><\/a><figcaption><strong><em><a href=\"https:\/\/www.tradingview.com\/x\/4qwKJQWB\/\" target=\"_blank\" rel=\"noreferrer noopener\">Best Buy<\/a> (BBY) confirmed a 50DMA breakdown, but the stock remains solidly stuck in an extended trading range.<\/em><\/strong><\/figcaption><\/figure><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Dominos Pizza<\/strong> (DPZ)<\/h3>\n\n\n\n<p>Earnings mistreated another market favorite, Dominos Pizza (DPZ). DPZ lost 7.0% and closed at prices last seen in early April. It looks like the imminent end of the pandemic is also signaling an end to the lockdown pizza-eating binge for Dominos? DPZ rebounded from over-extended conditions with a 2.2% gain on Friday. Note how DPZ failed at is 200DMA and then 50MDMA lines of resistance ahead of earnings. Moreover, DPZ has not been the same since it tumbled off its all-time high with a 7.0% post-earnings loss in early October.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/www.tradingview.com\/x\/dLlRmzwF\/\"><img decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/dLlRmzwF\/\" alt=\"\"\/><\/a><figcaption><strong><em>Since the last earnings report, <a href=\"https:\/\/www.tradingview.com\/x\/yKEG1NxZ\/\" target=\"_blank\" rel=\"noreferrer noopener\">Dominos Pizza<\/a> (DPZ) has suffered a major bout of weakness and selling.<\/em><\/strong><\/figcaption><\/figure><\/div>\n\n\n\n<p>Watch for another timely appearance by the CEO from Dominos on Mad Money with Jim Cramer. The trading action after such an interview should be quite telling.<\/p>\n\n\n\n<figure class=\"wp-block-embed aligncenter 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=\"Cramer&#039;s lightning round: Domino&#039;s Pizza is a very good stock\" width=\"1200\" height=\"675\" src=\"https:\/\/www.youtube.com\/embed\/wB64crudVWU?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 style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Papa Johns International Inc<\/strong> (PZZA)<\/h3>\n\n\n\n<p>On the other size of pizza town, Papa Johns International Inc (PZZA) also suffered a post-earnings loss. However, the 11.6% post-earnings plunge and follow-through still left a rising 200DMA line of support intact. Suddenly, the chart of PZZA looks much better than DPZ. Is PZZA finally taking share?<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/www.tradingview.com\/x\/BaQAhzGq\/\"><img decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/BaQAhzGq\/\" alt=\"\"\/><\/a><figcaption><strong><em><a href=\"https:\/\/www.tradingview.com\/x\/BaQAhzGq\/\" target=\"_blank\" rel=\"noreferrer noopener\">Papa Johns International Inc<\/a> (PZZA) is testing 200DMA support after a poor post-earnings response<\/em><\/strong><\/figcaption><\/figure><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Lululemon Atheltica<\/strong> (LULU)<\/h3>\n\n\n\n<p>Stocks trading below their 200DMAs are still rare in this market, so when I find one, I take careful note&#8230;especially when the stock is\/was a market darling. Lululemon Altheltica (LULU) peaked in September and failed to challenge that all-time after a rally ended in December. Now, arrows point downward.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/www.tradingview.com\/x\/iZ7nQA0L\/\"><img decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/iZ7nQA0L\/\" alt=\"\"\/><\/a><figcaption><strong><em><a href=\"https:\/\/www.tradingview.com\/x\/iZ7nQA0L\/\" target=\"_blank\" rel=\"noreferrer noopener\">Lululemon Athletica<\/a> (LULU) bearishly broke through 200DMA support soon after a 50DMA breakdown.<\/em><\/strong><\/figcaption><\/figure><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Zoom Video Communications<\/strong> (ZM)<\/h3>\n\n\n\n<p>Earnings are coming this week for Zoom Video Communications. I will carefully watch the post-earnings trading action. Is the imminent end to the pandemic going to remove the market&#8217;s willingness to pay a sky-high premium for this premiere video conferencing company? ZM&#8217;s 200DMA held as support last week. Sellers finally took a rest on Friday as ZM lifted 2.4%.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/www.tradingview.com\/x\/DlE8VWTO\/\"><img decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/DlE8VWTO\/\" alt=\"\"\/><\/a><figcaption><strong><em><a href=\"https:\/\/www.tradingview.com\/x\/DlE8VWTO\/\" target=\"_blank\" rel=\"noreferrer noopener\">Zoom Video Communications<\/a> (ZM) is wedged between 50DMa resistance and 200DMA support.<\/em><\/strong><\/figcaption><\/figure><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Ping Identity Holding Corp <\/strong>(PING)<\/h3>\n\n\n\n<p>A whopping 28.0% post-earnings plunge took Ping Identity Holding Corp (PING) below double supports. The software company provides network authentication solutions for enterprise customers. PING remains well above the post-earnings lows from November, but it looks ready to test those lows.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/www.tradingview.com\/x\/gycKmx6S\/\"><img decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/gycKmx6S\/\" alt=\"\"\/><\/a><figcaption><strong><em><a href=\"https:\/\/www.tradingview.com\/x\/gycKmx6S\/\" target=\"_blank\" rel=\"noreferrer noopener\">Ping Identity Holding Corp<\/a> (PING) broke down below its 50 and 200DMAs post-earnings.<\/em><\/strong><\/figcaption><\/figure><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>iShares 20+ Year Treasury Bond ETF<\/strong> (TLT)<\/h3>\n\n\n\n<p>Inflation fears and skepticism were all the rage last week. The speed of the rise in rates is apparently unsettling markets a bit. The iShares 20+ Year Treasury Bond ETF (TLT) tumbled all week until Friday&#8217;s massive relief rally of 3.3%. I used that rebound to reload on TLT puts. I duly noted a <a href=\"https:\/\/www.reuters.com\/article\/usa-bonds-idUSL1N2KV2ZL\" target=\"_blank\" rel=\"noreferrer noopener\">record poor auction of the 7-year Treasury bond<\/a> on Wednesday.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/eQGMmTfc\/\" alt=\"\"\/><figcaption><a href=\"https:\/\/www.tradingview.com\/x\/eQGMmTfc\/\" target=\"_blank\" rel=\"noreferrer noopener\"><em><strong>The iShares 20+ Year Treasur<\/strong><\/em><\/a><strong><em><a href=\"https:\/\/www.tradingview.com\/x\/eQGMmTfc\/\" target=\"_blank\" rel=\"noreferrer noopener\">y Bond ETF<\/a> (TLT) rebounded sharply off a 13-month low for a 3.3% gain.<\/em><\/strong><\/figcaption><\/figure><\/div>\n\n\n\n<figure class=\"wp-block-embed aligncenter 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\">Surprising. Could this be the &quot;self-correcting&quot; mechanism at work with rising rates creating fears of slower than expected economic growth? <a href=\"https:\/\/t.co\/04R7xEqdQ3\">https:\/\/t.co\/04R7xEqdQ3<\/a><\/p>&mdash; inflationwatch (@InflationWatch) <a href=\"https:\/\/twitter.com\/InflationWatch\/status\/1365790481481826307?ref_src=twsrc%5Etfw\">February 27, 2021<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\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>AirBNB Inc<\/strong> (ABNB)<\/h3>\n\n\n\n<p>The end of the week was not all doom and gloom. Recent IPO and current darling story AirBNB (ABNB) survived its first earnings report with a 13.3% gain. Holding these lofty valuations is impressive for any company in the travel and leisure industry in the current economy.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/www.tradingview.com\/x\/LAPDILvE\/\"><img decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/LAPDILvE\/\" alt=\"\"\/><\/a><figcaption><strong><em><a href=\"https:\/\/www.tradingview.com\/x\/Ki1YtD7P\/\" target=\"_blank\" rel=\"noreferrer noopener\">AirBNB<\/a> (ABNB) rebounded post-earnings with a 13.3% gain.<\/em><\/strong><\/figcaption><\/figure><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Workday<\/strong> (WDAY)<\/h3>\n\n\n\n<p>The choppy trading continues in human resources software company Workday (WDAY). Post-earnings selling took WDAY right back to 50DMA support. I am watching to see whether WDAY sets up a buying opportunity by bouncing from this support.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/www.tradingview.com\/x\/EeuKar33\/\"><img decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/EeuKar33\/\" alt=\"\"\/><\/a><figcaption><strong><em><a href=\"https:\/\/www.tradingview.com\/x\/Uqj1Y3Po\/\" target=\"_blank\" rel=\"noreferrer noopener\">Workday<\/a> (WDAY) lost 2.9% post-earnings while managing to cling to 50DMA support.<\/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 #93 over 20%, Day #77 above 30%, Day #75 over 40%, Day #18 over 50% (overperiod), Day #2 under 60% (underperiod), Day #6 under 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><figcaption><strong><em>DAILY AT40 (T2108) chart<\/em><\/strong><\/figcaption><\/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><strong><em>WEEKLY AT40 (T2108) chart<\/em><\/strong><br>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\/cz1aVW6H\/\"><img decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/cz1aVW6H\/\" 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\/cz1aVW6H\/\" 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 IWM calendar spread, long SPY put spread, long TLT put, long IWM calls<\/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: Stock prices are not adjusted for dividends. Candlestick charts use hollow bodies: open candles indicate a close higher than the open, filled candles indicate an open higher than the close. 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 got quite tricky last week. A day after buyers re-established control, sellers returned with a sustained fury. The selling on Thursday reflected the stock market&#8217;s split personality while the follow-up selling on Friday seemed broader. The pressure on the the stock market looks like an ominous setup for March &#8230; <a title=\"Tricky Trading Quickly Took Stocks from Strength to Weakness &#8211; Above the 40 (February 26, 2021)\" class=\"read-more\" href=\"https:\/\/drduru.com\/onetwentytwo\/2021\/02\/28\/t2108-update-tricky-trading-quickly-took-stocks-from-strength-to-weakness\/\">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":[584,456,483,1054,220,548,20,219,512,338,1311,511,62,982,1633],"tags":[250,2690,2691,534,1819,772,721,720,1352,2363,1896,1067,1066,1242,2630,909,713,1780,2512,413,2580,2573,2572,1353,65,1365,2662,362,2692,280,303,178,1334,2414,311,2207,2336],"class_list":["post-56069","post","type-post","status-publish","format-standard","hentry","category-bollinger-band","category-bonds-2","category-breakdown","category-dining","category-earnings","category-financials","category-forex","category-high-tech","category-resistance","category-retail","category-software","category-support","category-technical-analysis","category-trading-range","category-travel","tag-aapl","tag-abnb","tag-airbnb-inc","tag-apple-inc","tag-at40","tag-audjpy","tag-bby","tag-best-buy","tag-crm","tag-dominos-pizza","tag-dpz","tag-hd","tag-home-depot","tag-ishares-20-year-treasury-bond-etf","tag-ishares-trust-russell-2000-index-etf","tag-iwm","tag-jim-cramer","tag-lulu","tag-lululemon-athletica","tag-nasdaq","tag-papa-johns-international-inc","tag-ping","tag-ping-identity-holding-corp","tag-pzza","tag-sp-500","tag-salesforce-com","tag-select-sector-spdr-trust-financial","tag-spy","tag-t1208","tag-tlt","tag-vix","tag-volatility","tag-wday","tag-workday","tag-xlf","tag-zm","tag-zoom-video-communications"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Tricky Trading Quickly Took Stocks from Strength to Weakness<\/title>\n<meta name=\"description\" content=\"A day after buyers took control of the stock market, sellers returned with a sustained fury. The tricky trading sets up March for volatility.\" \/>\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\/02\/28\/t2108-update-tricky-trading-quickly-took-stocks-from-strength-to-weakness\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tricky Trading Quickly Took Stocks from Strength to Weakness - Above the 40 (February 26, 2021)\" \/>\n<meta property=\"og:description\" content=\"A day after buyers took control of the stock market, sellers returned with a sustained fury. The tricky trading sets up March for volatility.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/drduru.com\/onetwentytwo\/2021\/02\/28\/t2108-update-tricky-trading-quickly-took-stocks-from-strength-to-weakness\/\" \/>\n<meta property=\"og:site_name\" content=\"ONE-TWENTY TWO: Trading Financial Markets\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-28T10:02:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-02-28T17:18:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.tradingview.com\/x\/OVnFUUvS\/\" \/>\n<meta name=\"author\" content=\"Dr. Duru\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Tricky Trading Quickly Took Stocks from Strength to Weakness - Above the 40 (February 26, 2021)\" \/>\n<meta name=\"twitter:description\" content=\"A day after buyers took control of the stock market, sellers returned with a sustained fury. The tricky trading sets up March for volatility.\" \/>\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=\"13 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2021\\\/02\\\/28\\\/t2108-update-tricky-trading-quickly-took-stocks-from-strength-to-weakness\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2021\\\/02\\\/28\\\/t2108-update-tricky-trading-quickly-took-stocks-from-strength-to-weakness\\\/\"},\"author\":{\"name\":\"Dr. Duru\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\"},\"headline\":\"Tricky Trading Quickly Took Stocks from Strength to Weakness &#8211; Above the 40 (February 26, 2021)\",\"datePublished\":\"2021-02-28T10:02:26+00:00\",\"dateModified\":\"2021-02-28T17:18:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2021\\\/02\\\/28\\\/t2108-update-tricky-trading-quickly-took-stocks-from-strength-to-weakness\\\/\"},\"wordCount\":1914,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\"},\"image\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2021\\\/02\\\/28\\\/t2108-update-tricky-trading-quickly-took-stocks-from-strength-to-weakness\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.tradingview.com\\\/x\\\/OVnFUUvS\\\/\",\"keywords\":[\"AAPL\",\"ABNB\",\"AirBNB Inc\",\"Apple Inc\",\"AT40\",\"AUD\\\/JPY\",\"BBY\",\"Best Buy\",\"CRM\",\"Dominos Pizza\",\"DPZ\",\"HD\",\"Home Depot\",\"iShares 20+ Year Treasury Bond ETF\",\"iShares Trust Russell 2000 Index ETF\",\"IWM\",\"Jim Cramer\",\"LULU\",\"Lululemon Athletica\",\"NASDAQ\",\"Papa Johns International Inc\",\"PING\",\"Ping Identity Holding Corp\",\"PZZA\",\"S&amp;P 500\",\"Salesforce.com\",\"Select Sector SPDR Trust Financial\",\"SPY\",\"T1208\",\"TLT\",\"VIX\",\"volatility\",\"WDAY\",\"Workday\",\"XLF\",\"ZM\",\"Zoom Video Communications\"],\"articleSection\":[\"Bollinger Band\",\"Bonds\",\"Breakdown\",\"Dining\",\"Earnings\",\"Financials\",\"Forex\",\"High Tech\",\"Resistance\",\"Retail\",\"Software\",\"Support\",\"Technical Analysis\",\"Trading Range\",\"Travel\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2021\\\/02\\\/28\\\/t2108-update-tricky-trading-quickly-took-stocks-from-strength-to-weakness\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2021\\\/02\\\/28\\\/t2108-update-tricky-trading-quickly-took-stocks-from-strength-to-weakness\\\/\",\"url\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2021\\\/02\\\/28\\\/t2108-update-tricky-trading-quickly-took-stocks-from-strength-to-weakness\\\/\",\"name\":\"Tricky Trading Quickly Took Stocks from Strength to Weakness\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2021\\\/02\\\/28\\\/t2108-update-tricky-trading-quickly-took-stocks-from-strength-to-weakness\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2021\\\/02\\\/28\\\/t2108-update-tricky-trading-quickly-took-stocks-from-strength-to-weakness\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.tradingview.com\\\/x\\\/OVnFUUvS\\\/\",\"datePublished\":\"2021-02-28T10:02:26+00:00\",\"dateModified\":\"2021-02-28T17:18:15+00:00\",\"description\":\"A day after buyers took control of the stock market, sellers returned with a sustained fury. The tricky trading sets up March for volatility.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2021\\\/02\\\/28\\\/t2108-update-tricky-trading-quickly-took-stocks-from-strength-to-weakness\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2021\\\/02\\\/28\\\/t2108-update-tricky-trading-quickly-took-stocks-from-strength-to-weakness\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2021\\\/02\\\/28\\\/t2108-update-tricky-trading-quickly-took-stocks-from-strength-to-weakness\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.tradingview.com\\\/x\\\/OVnFUUvS\\\/\",\"contentUrl\":\"https:\\\/\\\/www.tradingview.com\\\/x\\\/OVnFUUvS\\\/\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2021\\\/02\\\/28\\\/t2108-update-tricky-trading-quickly-took-stocks-from-strength-to-weakness\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Tricky Trading Quickly Took Stocks from Strength to Weakness &#8211; Above the 40 (February 26, 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":"Tricky Trading Quickly Took Stocks from Strength to Weakness","description":"A day after buyers took control of the stock market, sellers returned with a sustained fury. The tricky trading sets up March for volatility.","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\/02\/28\/t2108-update-tricky-trading-quickly-took-stocks-from-strength-to-weakness\/","og_locale":"en_US","og_type":"article","og_title":"Tricky Trading Quickly Took Stocks from Strength to Weakness - Above the 40 (February 26, 2021)","og_description":"A day after buyers took control of the stock market, sellers returned with a sustained fury. The tricky trading sets up March for volatility.","og_url":"https:\/\/drduru.com\/onetwentytwo\/2021\/02\/28\/t2108-update-tricky-trading-quickly-took-stocks-from-strength-to-weakness\/","og_site_name":"ONE-TWENTY TWO: Trading Financial Markets","article_published_time":"2021-02-28T10:02:26+00:00","article_modified_time":"2021-02-28T17:18:15+00:00","og_image":[{"url":"https:\/\/www.tradingview.com\/x\/OVnFUUvS\/","type":"","width":"","height":""}],"author":"Dr. Duru","twitter_card":"summary_large_image","twitter_title":"Tricky Trading Quickly Took Stocks from Strength to Weakness - Above the 40 (February 26, 2021)","twitter_description":"A day after buyers took control of the stock market, sellers returned with a sustained fury. The tricky trading sets up March for volatility.","twitter_creator":"@drduru","twitter_site":"@drduru","twitter_misc":{"Written by":"Dr. Duru","Est. reading time":"13 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/drduru.com\/onetwentytwo\/2021\/02\/28\/t2108-update-tricky-trading-quickly-took-stocks-from-strength-to-weakness\/#article","isPartOf":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2021\/02\/28\/t2108-update-tricky-trading-quickly-took-stocks-from-strength-to-weakness\/"},"author":{"name":"Dr. Duru","@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0"},"headline":"Tricky Trading Quickly Took Stocks from Strength to Weakness &#8211; Above the 40 (February 26, 2021)","datePublished":"2021-02-28T10:02:26+00:00","dateModified":"2021-02-28T17:18:15+00:00","mainEntityOfPage":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2021\/02\/28\/t2108-update-tricky-trading-quickly-took-stocks-from-strength-to-weakness\/"},"wordCount":1914,"commentCount":0,"publisher":{"@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0"},"image":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2021\/02\/28\/t2108-update-tricky-trading-quickly-took-stocks-from-strength-to-weakness\/#primaryimage"},"thumbnailUrl":"https:\/\/www.tradingview.com\/x\/OVnFUUvS\/","keywords":["AAPL","ABNB","AirBNB Inc","Apple Inc","AT40","AUD\/JPY","BBY","Best Buy","CRM","Dominos Pizza","DPZ","HD","Home Depot","iShares 20+ Year Treasury Bond ETF","iShares Trust Russell 2000 Index ETF","IWM","Jim Cramer","LULU","Lululemon Athletica","NASDAQ","Papa Johns International Inc","PING","Ping Identity Holding Corp","PZZA","S&amp;P 500","Salesforce.com","Select Sector SPDR Trust Financial","SPY","T1208","TLT","VIX","volatility","WDAY","Workday","XLF","ZM","Zoom Video Communications"],"articleSection":["Bollinger Band","Bonds","Breakdown","Dining","Earnings","Financials","Forex","High Tech","Resistance","Retail","Software","Support","Technical Analysis","Trading Range","Travel"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/drduru.com\/onetwentytwo\/2021\/02\/28\/t2108-update-tricky-trading-quickly-took-stocks-from-strength-to-weakness\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/drduru.com\/onetwentytwo\/2021\/02\/28\/t2108-update-tricky-trading-quickly-took-stocks-from-strength-to-weakness\/","url":"https:\/\/drduru.com\/onetwentytwo\/2021\/02\/28\/t2108-update-tricky-trading-quickly-took-stocks-from-strength-to-weakness\/","name":"Tricky Trading Quickly Took Stocks from Strength to Weakness","isPartOf":{"@id":"https:\/\/drduru.com\/onetwentytwo\/#website"},"primaryImageOfPage":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2021\/02\/28\/t2108-update-tricky-trading-quickly-took-stocks-from-strength-to-weakness\/#primaryimage"},"image":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2021\/02\/28\/t2108-update-tricky-trading-quickly-took-stocks-from-strength-to-weakness\/#primaryimage"},"thumbnailUrl":"https:\/\/www.tradingview.com\/x\/OVnFUUvS\/","datePublished":"2021-02-28T10:02:26+00:00","dateModified":"2021-02-28T17:18:15+00:00","description":"A day after buyers took control of the stock market, sellers returned with a sustained fury. The tricky trading sets up March for volatility.","breadcrumb":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2021\/02\/28\/t2108-update-tricky-trading-quickly-took-stocks-from-strength-to-weakness\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/drduru.com\/onetwentytwo\/2021\/02\/28\/t2108-update-tricky-trading-quickly-took-stocks-from-strength-to-weakness\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/drduru.com\/onetwentytwo\/2021\/02\/28\/t2108-update-tricky-trading-quickly-took-stocks-from-strength-to-weakness\/#primaryimage","url":"https:\/\/www.tradingview.com\/x\/OVnFUUvS\/","contentUrl":"https:\/\/www.tradingview.com\/x\/OVnFUUvS\/"},{"@type":"BreadcrumbList","@id":"https:\/\/drduru.com\/onetwentytwo\/2021\/02\/28\/t2108-update-tricky-trading-quickly-took-stocks-from-strength-to-weakness\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/drduru.com\/onetwentytwo\/"},{"@type":"ListItem","position":2,"name":"Tricky Trading Quickly Took Stocks from Strength to Weakness &#8211; Above the 40 (February 26, 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\/56069","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=56069"}],"version-history":[{"count":14,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts\/56069\/revisions"}],"predecessor-version":[{"id":56106,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts\/56069\/revisions\/56106"}],"wp:attachment":[{"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/media?parent=56069"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/categories?post=56069"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/tags?post=56069"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}