Stock Market Recap for
Index Trend Table
Index | % Chg | ADX | Long Term | Mid Term | Short Term | Signals | |
---|---|---|---|---|---|---|---|
Wilshire 5000 | -1.97% | Weak or Absent | Flat | Down | Down | Cup with Handle, Expansion Pivot Sell Setup, Fell Below 200 DMA, Fell Below 50 DMA, Stochastic Reached Oversold | |
S&P 500 | -1.84% | Weak or Absent | Flat | Down | Down | Cup with Handle, Expansion Pivot Sell Setup, Fell Below 200 DMA, Fell Below 50 DMA | |
NASDAQ-100 | -1.73% | Weak or Absent | Up | Up | Down | 20 DMA Resistance, Bollinger Band Squeeze, Cup with Handle | |
Russell 2000 | -2.78% | Weak or Absent | Flat | Down | Down | Bollinger Band Squeeze, Cup with Handle, Expansion Pivot Sell Setup, Fell Below 200 DMA, Fell Below 50 DMA, Lower Bollinger Band Walk | |
Dow | -1.65% | Weak or Absent | Flat | Down | Down | Cup with Handle, Expansion Breakdown, Fell Below 200 DMA, Reversal New Lows Setup, Stochastic Reached Oversold |
Key Indicators
% of Stocks Above Their 50-Day Moving Averages*
* The market becomes oversold in the mid-to-low 20s. See more...Top 5 Technical Signals for the Day*
* Excluding range contraction signals.
Count | Alert | Type |
---|---|---|
732 | Lower Bollinger Band Walk | Weakness |
658 | Fell Below 20 DMA | Bearish |
639 | 180 Bearish Setup | Bearish Swing Setup |
575 | Stochastic Reached Oversold | Weakness |
557 | Fell Below 50 DMA | Bearish |
Unusually Active Signals for the Day
% Above Normal | Alert | Type |
---|---|---|
988 | Reversal New Lows Setup | Bearish Swing Setup |
960 | Expansion Breakdown | Bearish Swing Setup |
599 | Expansion Pivot Sell Setup | Bearish Swing Setup |
357 | 180 Bearish Setup | Bearish Swing Setup |
256 | Fell Below 200 DMA | Bearish |
Unusually Active Stocks
Stocks with the Most Bullish Signals Today*
* 'Most', as in 'largest number of' not necessarily the most likely to move higher.
Stocks with the Most Bearish Signals Today*
* 'Most', as in 'largest number of' not necessarily the most likely to move lower.
T
TraderMike over 1 year ago
Yesterday's index trend table: vs. today's:
says it all! Suddenly all those indices except for the Nasdaq 100 are under their 50 day moving averages. A few of those other indices also broke their 200 DMAs today as well.
It's also notable that the % of Stocks Above Their 50-Day Moving Averages dropped to a new 2023 low today. That indicator is essentially exactly where it was in late December, which is where the market rallied from. If the market like's tomorrow's jobs report that could spark another bounce. But it's just a roll of the dice.
Other things that stand out to me today are the unusually high number of Expansion Breakdown &
Expansion Pivot Sell Setup signals. The disasters in SI & SIVB also make me wonder what other stocks could follow suit -- COIN? Could be some good shorts in the Bitcoin related stocks.
It's also notable that the % of Stocks Above Their 50-Day Moving Averages dropped to a new 2023 low today. That indicator is essentially exactly where it was in late December, which is where the market rallied from. If the market like's tomorrow's jobs report that could spark another bounce. But it's just a roll of the dice.
Other things that stand out to me today are the unusually high number of Expansion Breakdown &
Expansion Pivot Sell Setup signals. The disasters in SI & SIVB also make me wonder what other stocks could follow suit -- COIN? Could be some good shorts in the Bitcoin related stocks.
T
TraderMike over 1 year ago
serious follow-through on many of yesterday's breakdowns & bearish expansion pivots 😬
S
SwingTradeBot over 1 year ago
What are your thoughts on 'today's (2023-03-09) market action?
View full discussion...
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