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

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
SCHG B Schwab U.S. Large... 0.10% 1.42 200 DMA Support, 50 DMA Support, Bollinger Band Squeeze, Crossed Above 20 DMA, Cup with Handle, Golden Cross, Pocket Pivot
JEPQ A J.P. Morgan Nasda... 0.45% 1.40 20 DMA Support, 50 DMA Support, MACD Bullish Centerline Cross, MACD Bullish Signal Line Cross
BAB C PowerShares Build... 0.94% 1.05 Calm After Storm, Crossed Above 200 DMA, Crossed Above 50 DMA, Cup with Handle, Golden Cross, MACD Bullish Centerline Cross
SEMR B SEMrush Holdings,... 9.80% 2.68 20 DMA Support, 50 DMA Support, Expansion Pivot Buy Setup, MACD Bullish Signal Line Cross, Pocket Pivot, Wide Range Bar
MARA C Marathon Digital ... -0.56% 1.08 20 DMA Support, 50 DMA Support, MACD Bullish Signal Line Cross
ROIV C Roivant Sciences ... 7.91% 2.76 Bollinger Band Squeeze, Crossed Above 20 DMA, Crossed Above 50 DMA, Expansion Pivot Buy Setup, MACD Bullish Signal Line Cross, Pocket Pivot, Wide Range Bar
IWY C iShares Russell T... 0.32% 13.58 200 DMA Support, 50 DMA Support, Bollinger Band Squeeze, Crossed Above 20 DMA, Cup with Handle, Pocket Pivot, Volume Surge
WCN A Waste Connections... 0.04% 1.12 20 DMA Support, 200 DMA Support, Bollinger Band Squeeze, MACD Bullish Centerline Cross, Pocket Pivot
MDLZ F Mondelez Internat... 0.17% 1.44 20 DMA Support, 50 DMA Support, Cup with Handle, MACD Bullish Centerline Cross, Pocket Pivot
GOVT D iShares U.S. Trea... 1.17% 1.35 Crossed Above 200 DMA, Gilligan's Island Sell Setup, MACD Bullish Centerline Cross, New Uptrend, Upper Bollinger Band Walk

Stocks with the Most Bearish Signals Today*

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

Comments

S

SwingScalp over 1 year ago

Thanks for the insights and the Combo Scan.

0 Reply
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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.

0 Reply
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SwingTradeBot over 1 year ago

What are your thoughts on 'today's (2023-03-15) market action?

0 Reply

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