AT40 = 11.2% of stocks are trading above their respective 40-day moving averages (DMAs) (oversold day #2) AT200 = 31.7% of stocks are trading above their respective 200DMAs () VIX = 23.0 (an increase of 44.0%) Short-term Trading Call: bullish (change from neutral) Commentary The market sell-off is unfolding quickly. AT40 (T2108), the percentage of stocks trading...
AT40 = 16.7% of stocks are trading above their respective 40-day moving averages (DMAs) (a drop of 14.2 percentage points to an 8-month low and the first day of an oversold period) AT200 = 38.6% of stocks are trading above their respective 200DMAs (a drop of 7.6 percentage points to a 6-month low) VIX = 23.0 (an increase of 44.0%) Short-term Trading Call: bullish...
AT40 = 31.0% of stocks are trading above their respective 40-day moving averages (DMAs) (was as low 28.1%) AT200 = 46.7% of stocks are trading above their respective 200DMAs VIX = 14.0 (was as high as 15.8) Short-term Trading Call: neutral Commentary So much for a small bounce before continuing a decline toward oversold conditions! The jobs report for September...
AT40 = 33.8% of stocks are trading above their respective 40-day moving averages (DMAs) (was as low 31.9%) AT200 = 47.8% of stocks are trading above their respective 200DMAs VIX = 14.0 (was as high as 15.8) Short-term Trading Call: neutral Commentary The S&P 500 is only 1.0% off its all-time high, yet extremes and critical tests of support abound. AT40 (T2108),...
AT40 = 38.9% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 51.6% of stocks are trading above their respective 200DMAs VIX = 12.1 Short-term Trading Call: neutral Commentary Looks like I had good reason to give a tepid endorsement to the upside potential for the stock market off the over-stretched conditions on display in AT40...
AT40 = 41.2% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 51.6% of stocks are trading above their respective 200DMAs VIX = 12.1 Short-term Trading Call: neutral Commentary The stock market is stretched yet again based on AT40 (T2108), the percentage of stocks trading above their respective 40-day moving averages (DMAs). AT40...
A Suspect Breakout for the S&P 500 AT40 = 52.7% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 56.7% of stocks are trading above their respective 200DMAs VIX = 11.8 Short-term Trading Call: neutral Commentary The stock market is not quite out the (short-term) woods yet. Last Wednesday I pointed out why the latest bearish...
AT40 = 48.0% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 54.7% of stocks are trading above their respective 200DMAs VIX = 11.8 Short-term Trading Call: neutral (downgrade from cautiously bullish) Commentary I am not even going to try to explain why emerging markets and trade-sensitive stocks started this week so well in the...
"Fear of missing out (FOMO) warmed up last week but closed the week with a pause. Is it the pause that refreshes or simply cools hotheads?" A Pause for FOMO drduru.com $SPY $QQQ #AT40 #T2108 $AMD $DKS $FL $FIT #VIX #forex $DXY $USDMXN $AUDJPY $USDX
The S&P 500 is starting to rip higher in an early parabolic move that could start looking like January's fear of missing out. Parabolic Moves Highlight FOMO Warm-Up Time drduru.com $SPY #VIX $AMD $TLRY #AT40 #T2108 $STUDY
Technical indicators keep flagging the stock market's underlying weaknesses. Still, the latest shallow selling is a bit over-stretched. "A Still Shaky But Now Stretched Stock Market" drduru.com $SPY $QQQ #VIX #AT40 #T2108 $BA $BIDU $CAT $GLD $SLV $DXY $USDTRY #forex $M $NFLX $RIO $BHP $USO $WHR
It's a celebration! Apple (AAPL) made history by breaking the trillion dollar market. After some delay, the stock market joined the party. "A Trillion Dollar Tailwind As Apple Helps Will the Stock Market Higher" drduru.com $SPY $QQQ $AAPL #AT40 #T2108 #VIX $CMG $DPZ $MSFT $XLP $CAT $RIO $BHP $X
First came the bearish divergence and next came the confirming sell-offs. Break downs in key stocks exposed underlying market weaknesses. "Stock Market Weaknesses Confirm Earlier Bearish Divergence" drduru.com $SPY $QQQ $IWM #AT40 #T2108 #VIX $VXX $AAPL $ACIA $FB $GOOG $TWTR $NLSN $BHP $RIO $CLF $CAT $CMG $DPZ $GE $INTC $MSFT $NFLX $ORLY $QCOM $TLT $UPS $WBA $WHR $XLB
"A bored S&P 500 just meanders amid the minefields of an expanding macroeconomic battlefield featuring the U.S. versus the world." Bored With Economic Wars: The S&P 500 Meanders Through Minefields drduru.com $SPY $QQQ $IWM $TLT $XLF $ITB #VIX #AT40 #T2108 $AA $BHP $RIO $FXY $USDCNY $DXY $USDX #forex $MSFT $RHT $SKX $TSLA
Another strong jobs report sent bulls buying stocks across the board. With critical supports tested, bears likely overstayed their welcome. Bears Overstay Their Welcome drduru.com $SPY $QQQ $IWM #AT40 #T2108 #VIX $IBB $AAPL $AXON $AYI $BHP $RIO $CAT $DBX $INTC $TSLA $WBA
After a gap down to start the week, the S&P 500 (SPY) pivoted around its 50DMA. The week ended further confirming a bearish market turn. Sellers Reward A Weak Stock Market Bounce With A Bearish Fade drduru.com $SPY $QQQ #T2108 #AT40 #VIX $UVXY $AAPL $AMZN $AXON $GS $CCS $PHM $TOL $KBH $MDB $PZZA $SNAP $TLT $ULTA $USO
A news-packed week ended with escalating trade wars. The market reacted with surgical precision but how long can infection be averted? "A News-Packed Week Hands Victory to Stock Market Bulls and Bears" drduru.com $SPY $QQQ #AT40 #T2108 $XRT $XLF $GS #VIX $IWM $AA $BA $BHP $CAT $CCS $RDFN $CORN $NIB $CPB $ETSY $GLD $SLV $USCR
A poor reaction to a hawkish Fed ended the overbought period at 2 days. The S&P 500 is now poised for a pullback. A Fed Buzzkill Ends Ambitions for An Overbought Market drduru.com $SPY $QQQ #VIX #T2108 #AT40 $ITB $LEN $AAPL $TLT $DXY #forex