I recently updated my piece defining oversold and overbought conditions using MMFI or the percentage of stocks trading above their 50-day moving averages (DMAs). Here is the key text from that post: Above the 50, AT50, is overbought above 70% Above the 50, AT50, is oversold below 20% The Technicals of Converting from Above the 40 to Above the 50 Converting from...
Stock Market Commentary A meme rush pushed the stock market toward summer trading. A breakout for market breadth launched summer trading. Small cap stocks appeared to lead the way even as the S&P 500 and the NASDAQ wilted for the close of trading. The divergence still leaves the stock market poised for an eventual rendezvous with overbought trading...
Above the 40 (March 11, 2019) – Bears Put On Notice As Stock Market Finds Fresh Support March 11, 2019 by Dr. Duru AT40 = 63.0% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 41.8% of stocks are trading above their respective 200DMAs VIX = 14.3 (10.7% drop) Short-term Trading Call: bearish Stock Market Commentary The stock...
S&P 500 Performance During Overbought and Oversold Trading Conditions January 31, 2019 by Dr. Duru Introduction The percentage of stocks trading above important moving averages provides good information on the breadth of the stock market. I use the percentage of stocks trading above their respective 40-day moving averages (DMAs) because the historical data are...
Above the 40 (January 4, 2019) – The Oversold Chronicles End As A Fed-Inspired Stock Market Explodes Higher January 6, 2019 by Dr. Duru AT40 = 20.4% of stocks are trading above their respective 40-day moving averages (DMAs) (ended 13 days in oversold territory) AT200 = 14.9% of stocks are trading above their respective 200DMAs VIX = 21.4 Short-term Trading Call:...
AT40 = 10.9% of stocks are trading above their respective 40-day moving averages (DMAs) (oversold day #2) AT200 = 15.8% of stocks are trading above their respective 200DMAs (new 34-month low) VIX = 24.5 Short-term Trading Call: bullish (caveats below!) Commentary The week started as I expected based on the technical setup on Friday that I discussed in the last...
Above the 40 (November 1, 2018) – An Extended Oversold Period Ends with Important Footnotes November 1, 2018 by Dr. Duru AT40 = 21.4% of stocks are trading above their respective 40-day moving averages (DMAs) – ends an 11-day oversold period that followed a 4-day oversold period AT200 = 32.0% of stocks are trading above their respective 200DMAs VIX =...
Above the 40 (October 18, 2018) – A Second Oversold Period Gives 200DMAs A Fresh Challenge October 19, 2018 by Dr. Duru AT40 = 15.8% of stocks are trading above their respective 40-day moving averages (DMAs) – 2nd day of oversold period following 4-day oversold period AT200 = 33.9% of stocks are trading above their respective 200DMAs (up 6 percentage points) VIX...
Above the 40DMA (October 17, 2018) – A New Oversold Period for the Stock Market Despite A Bullish Intraday Bounce October 18, 2018 by Dr. Duru AT40 = 19.3% of stocks are trading above their respective 40-day moving averages (DMAs) – 1st day of oversold period following 4-day oversold period AT200 = 37.7% of stocks are trading above their respective 200DMAs (up 6...
Above the 40DMA (October 16, 2018) – Critical Stock Market 200DMAs Pass the Oversold Test October 17, 2018 by Dr. Duru AT40 = 20.9% of stocks are trading above their respective 40-day moving averages (DMAs) – ended a 4-day oversold period AT200 = 39.6% of stocks are trading above their respective 200DMAs (up 6 percentage points) VIX = 17.6 (drop of...
AT40 = 13.2% of stocks are trading above their respective 40-day moving averages (DMAs) – a 4th oversold day (below 20%) AT200 = 33.6% of stocks are trading above their respective 200DMAs VIX = 21.3 (no change) Short-term Trading Call: bullish Commentary All eyes are now trained on the stock market’s critical long-term moving averages as oversold conditions...
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 = 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...
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...
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