Stock Market Recap for
Index Trend Table
Index | % Chg | ADX | Long Term | Mid Term | Short Term | Signals | |
---|---|---|---|---|---|---|---|
Wilshire 5000 | -0.77% | Weak or Absent | Down | Down | Down | Cup with Handle, Lower Bollinger Band Walk | |
S&P 500 | -0.63% | Weak or Absent | Down | Down | Down | Cup with Handle, Lower Bollinger Band Walk | |
NASDAQ-100 | 0.52% | Weak or Absent | Up | Up | Up | 20 DMA Support, Bollinger Band Squeeze, Cup with Handle, MACD Bullish Centerline Cross | |
Russell 2000 | -1.65% | Weak or Absent | Down | Down | Down | Cup with Handle, Gilligan's Island Buy Setup, Lower Bollinger Band Walk | |
Dow | -0.82% | Weak or Absent | Down | Down | Down | Cup with Handle, Lower Bollinger Band Walk |
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 |
---|---|---|
2079 | Lower Bollinger Band Walk | Weakness |
537 | New 52 Week Low | Weakness |
490 | New 52 Week Closing Low | Bearish |
350 | Cup with Handle | Other |
319 | Doji - Bullish? | Reversal |
Unusually Active Signals for the Day
% Above Normal | Alert | Type |
---|---|---|
2296 | Gilligan's Island Buy Setup | Bullish Swing Setup |
367 | Lizard Bullish | Bullish Day Trade Setup |
292 | Hammer Candlestick | Bullish |
229 | Gilligan's Island Sell Setup | Bearish Swing Setup |
166 | Lower Bollinger Band Walk | Weakness |
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
Once again there's a ton of weakness outside of the NASDAQ-100 (QQQ). You know things are bad for the bulls when "Lower Bollinger Band Walk" is the top signal for the day. Also, the % of Stocks Above Their 50-Day Moving Averages made another new low for the year and sits at 22.5%. 20% & below is when the market is under extreme selling pressure.
On the other hand, we had a lot of Hammer candlesticks made today. That shows that buyers stepped in to buy weakness intraday. A Combo Scan with hammers + lower BB walks shows some interesting charts.
So there are a lot of mixed signals out there & I don't see much that tempts me ahead of next week's Federal Reserve meeting. I'm just in the mode of building & pruning watchlists for now.
On the other hand, we had a lot of Hammer candlesticks made today. That shows that buyers stepped in to buy weakness intraday. A Combo Scan with hammers + lower BB walks shows some interesting charts.
So there are a lot of mixed signals out there & I don't see much that tempts me ahead of next week's Federal Reserve meeting. I'm just in the mode of building & pruning watchlists for now.
S
SwingTradeBot over 1 year ago
What are your thoughts on 'today's (2023-03-15) market action?
View full discussion...
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