Market Recap for 2023-03-10 | NYSE, NASDAQ & AMEX

Index Trend Table

Index	% Chg	ADX	Long Term	Mid Term	Short Term	Signals
Wilshire 5000	-1.68%	Weak or Absent	Down	Down	Down	Cup with Handle, Lower Bollinger Band Walk
S&P 500	-1.44%	Weak or Absent	Down	Down	Down	200 DMA Resistance, Cup with Handle, Stochastic Reached Oversold
NASDAQ-100	-1.40%	Weak or Absent	Down	Flat	Down	Bollinger Band Squeeze, Cup with Handle, Fell Below 200 DMA, Fell Below 50 DMA, MACD Bearish Centerline Cross
Russell 2000	-2.88%	Weak or Absent	Down	Down	Down	Cup with Handle, Expansion Pivot Sell Setup, Lower Bollinger Band Walk, Volume Surge
Dow	-1.04%	Weak or Absent	Down	Down	Down	200 DMA Resistance

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
1137	Lower Bollinger Band Walk	Weakness
625	New 52 Week Closing Low	Bearish
598	New 52 Week Low	Weakness
566	Wide Range Bar	Range Expansion
551	Fell Below 50 DMA	Bearish

Unusually Active Signals for the Day

% Above Normal	Alert	Type
541	Expansion Breakdown	Bearish Swing Setup
274	New 52 Week Low	Weakness
225	New 52 Week Closing Low	Bearish
208	Wide Range Bar	Range Expansion
204	Expansion Pivot Sell Setup	Bearish Swing Setup

Unusually Active Stocks

Symbol	Grade	Name	% Change	Vol Surge	Signals
WAL	C	Western Alliance ...	-20.88%	17.47	Expansion Breakdown, Expansion Pivot Sell Setup, Hammer Candlestick, Lower Bollinger Band Walk, New 52 Week Closing Low, New 52 Week Low, Volume Surge, Wide Range Bar
KRE	F	SPDR S&P Regional...	-4.39%	9.93	Calm After Storm, Doji - Bullish?, Expansion Breakdown, Lower Bollinger Band Walk, New 52 Week Closing Low, New 52 Week Low, New Downtrend, Volume Surge, Wide Range Bar
KBWB	F	PowerShares KBW B...	-3.76%	9.74	Doji - Bullish?, Expansion Breakdown, Lower Bollinger Band Walk, New 52 Week Closing Low, New 52 Week Low, Volume Surge, Wide Range Bar
SCHW	F	Charles Schwab Co...	-11.69%	8.58	Lower Bollinger Band Walk, New 52 Week Closing Low, New 52 Week Low, Volume Surge, Wide Range Bar
KBE	F	SPDR S&P Bank ETF	-4.17%	8.55	Calm After Storm, Doji - Bullish?, Expansion Breakdown, Lower Bollinger Band Walk, New 52 Week Closing Low, New 52 Week Low, Volume Surge, Wide Range Bar
OMFL	B	Invesco Russell 1...	-0.93%	7.74	Lower Bollinger Band Walk, Volume Surge
DLN	C	WisdomTree LargeC...	-1.22%	7.03	Lower Bollinger Band Walk, Volume Surge
RBA	D	Ritchie Bros. Auc...	-3.39%	6.99	Expansion Breakdown, Expansion Pivot Sell Setup, Lower Bollinger Band Walk, Volume Surge, Wide Range Bar
ZION	D	Zions Bancorporation	-2.44%	6.78	Expansion Breakdown, Lower Bollinger Band Walk, New 52 Week Closing Low, New 52 Week Low, New Downtrend, Volume Surge, Wide Range Bar
HTGC	C	Hercules Technolo...	-11.14%	6.72	Fell Below 200 DMA, Volume Surge, Wide Range Bar

Stocks with the Most Bullish Signals Today*

* 'Most', as in 'largest number of' not necessarily the most likely to move higher.

Symbol	Grade	Name	% Change	Vol Surge	Signals
DFSD	B	Dimensional Short...	0.71%	0.80	Crossed Above 20 DMA, Crossed Above 200 DMA, Crossed Above 50 DMA, Expansion Pivot Buy Setup, MACD Bullish Signal Line Cross, Stochastic Buy Signal
NOMD	D	Nomad Foods	-0.29%	0.49	200 DMA Support, 50 DMA Support, Golden Cross, Hammer Candlestick
IBDS	C	iShares iBonds De...	0.78%	0.69	Crossed Above 20 DMA, Cup with Handle, MACD Bullish Signal Line Cross, New Uptrend, Stochastic Buy Signal
BSCR	C	Guggenheim Bullet...	0.69%	0.51	Crossed Above 20 DMA, Golden Cross, MACD Bullish Signal Line Cross, New Uptrend
SHY	C	iShares 1-3 Year ...	0.54%	1.91	Crossed Above 20 DMA, Crossed Above 50 DMA, Expansion Pivot Buy Setup, MACD Bullish Signal Line Cross, New Uptrend, Pocket Pivot
VGSH	C	Vanguard Short-Te...	0.56%	1.57	Crossed Above 20 DMA, Crossed Above 50 DMA, MACD Bullish Signal Line Cross, New Uptrend, Pocket Pivot
ISTB	C	iShares Core Shor...	0.54%	0.52	Crossed Above 20 DMA, MACD Bullish Signal Line Cross, New Uptrend, Stochastic Buy Signal
IBDR	B	iShares iBonds De...	0.56%	0.75	Crossed Above 20 DMA, Cup with Handle, MACD Bullish Signal Line Cross, New Uptrend, Stochastic Buy Signal
SPTS	C	SPDR Portfolio Sh...	0.52%	1.31	Crossed Above 20 DMA, Crossed Above 50 DMA, MACD Bullish Signal Line Cross, New Uptrend, Pocket Pivot
VWOB	B	Vanguard Emerging...	0.86%	0.90	Bollinger Band Squeeze, Crossed Above 20 DMA, Crossed Above 200 DMA, Cup with Handle, MACD Bullish Signal Line Cross

Stocks with the Most Bearish Signals Today*

* 'Most', as in 'largest number of' not necessarily the most likely to move lower.

Symbol	Grade	Name	% Change	Vol Surge	Signals
DOCU	A	DocuSign, Inc.	-22.85%	6.53	Expansion Breakdown, Expansion Pivot Sell Setup, Fell Below 20 DMA, Fell Below 200 DMA, Fell Below 50 DMA, MACD Bearish Centerline Cross, MACD Bearish Signal Line Cross, Volume Surge
KW	C	Kennedy-Wilson Ho...	-3.76%	3.09	200 DMA Resistance, Expansion Pivot Sell Setup, Fell Below 20 DMA, Fell Below 50 DMA, MACD Bearish Signal Line Cross, New Downtrend, Volume Surge
AVPT	B	AvePoint, Inc.	-14.63%	4.44	Expansion Pivot Sell Setup, Fell Below 20 DMA, Fell Below 200 DMA, Fell Below 50 DMA, MACD Bearish Signal Line Cross, New Downtrend, Volume Surge, Wide Range Bar
RWAY	C	Runway Growth Fin...	-7.92%	5.74	Expansion Pivot Sell Setup, Fell Below 20 DMA, Fell Below 200 DMA, Fell Below 50 DMA, MACD Bearish Signal Line Cross, New Downtrend, Upper Bollinger Band Walk, Volume Surge, Wide Range Bar
DE	B	Deere & Company	-6.05%	1.65	Expansion Breakdown, Expansion Pivot Sell Setup, Fell Below 20 DMA, Fell Below 50 DMA, MACD Bearish Centerline Cross, MACD Bearish Signal Line Cross, Wide Range Bar
EIX	A	Edison International	-1.15%	0.94	20 DMA Resistance, 50 DMA Resistance, Cup with Handle, MACD Bearish Centerline Cross, MACD Bearish Signal Line Cross
MOS	F	Mosaic Company (The)	-6.59%	1.53	Fell Below 20 DMA, Fell Below 200 DMA, Fell Below 50 DMA, MACD Bearish Signal Line Cross
HQY	B	HealthEquity, Inc.	-7.23%	2.02	Bollinger Band Squeeze, Expansion Pivot Sell Setup, Fell Below 20 DMA, Fell Below 200 DMA, Fell Below 50 DMA, MACD Bearish Signal Line Cross, Wide Range Bar
GTY	A	Getty Realty Corp...	-2.68%	1.85	Bearish Engulfing, Expansion Pivot Sell Setup, Fell Below 20 DMA, Fell Below 50 DMA, Stochastic Sell Signal, Wide Range Bar
SPRY	D	ARS Pharmaceutica...	-12.37%	1.12	Fell Below 20 DMA, MACD Bearish Signal Line Cross, New Downtrend, Stochastic Sell Signal, Wide Range Bar

Comments

S

SwingScalp over 1 year ago

And in the Strength Scans for Expansion Breakout and for Expansion Pivot Buy setups a grand total of one (1).

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TraderMike over 1 year ago

Welp, yesterday's recap gave a good warning for what happened today. The trend table went from about 2/3 red

to almost all red

and the one box that's yellow could actually be red because the Nasdaq-100 is slightly below its 50-day moving average.

More clear signs of an ugly day, here are some of the top signals triggered:

Lower Bollinger Band Walk
Stochastic Reached Oversold
Expansion Breakdown
New 52 Week Low
Wide Range Bar

Also, the "% of Stocks Above Their 50-Day Moving Averages" is approaching the low 20s. Once it gets there the market is always under a lot of stress. That's an area where it's probably too late to sell for anyone with an intermediate to long term focus. I also know that when the trend table is all red it's a time to look for buying opportunities and when it's all green that's a time to think about locking in long-side gains.

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SwingTradeBot over 1 year ago

What are your thoughts on 'today's (2023-03-10) market action?

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Stock Market Recap for Friday, March 10, 2023

% of Stocks Above Their 50-Day Moving Averages*