Stock Market Recap for
Index Trend Table
Index | % Chg | ADX | Long Term | Mid Term | Short Term | Signals | |
---|---|---|---|---|---|---|---|
Wilshire 5000 | -1.79% | Weak or Absent | Flat | Down | Flat | 50 DMA Resistance, Bearish Engulfing, Cup with Handle, Fell Below 20 DMA, Fell Below 200 DMA, Non-ADX 1,2,3,4 Bearish | |
S&P 500 | -1.70% | Weak or Absent | Flat | Down | Flat | 50 DMA Resistance, Bollinger Band Squeeze, Cup with Handle, Fell Below 20 DMA, Fell Below 200 DMA, Non-ADX 1,2,3,4 Bearish | |
NASDAQ-100 | -1.36% | Weak or Absent | Up | Up | Up | Cup with Handle, Stochastic Sell Signal, Upper Bollinger Band Walk | |
Russell 2000 | -2.84% | Weak or Absent | Down | Down | Down | Cup with Handle | |
Dow | -1.67% | Weak or Absent | Down | Down | Flat | 180 Bearish Setup, Bearish Engulfing, Cup with Handle, Fell Below 20 DMA, Fell Below 200 DMA |
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 |
---|---|---|
611 | 180 Bearish Setup | Bearish Swing Setup |
465 | 20 DMA Resistance | Bearish |
438 | Fell Below 20 DMA | Bearish |
409 | New 52 Week Closing Low | Bearish |
398 | Non-ADX 1,2,3,4 Bearish | Bearish Swing Setup |
Unusually Active Signals for the Day
% Above Normal | Alert | Type |
---|---|---|
4383 | Evening Star | Bearish |
1484 | Bearish Engulfing | Bearish |
391 | Morning Star | Bullish |
292 | Shooting Star Candlestick | Bearish |
185 | 1,2,3 Retracement Bearish | Bearish Swing Setup |
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
An ugly close today and the % of stocks above their 50-day moving averages made another 2023 low. It's typical to get some wild swings after a Federal Reserve interest rate decision. We often don't see the true reaction until the day after. So all may not be lost yet.
Other things that stand out to me today:
Other things that stand out to me today:
- many key moving averages given up (broken) by the indices
- lots of bearish engulfings
- lots of shooting stars thanks to the post-Fed reversal
Not a lot to feel bullish about at the moment.
S
SwingTradeBot over 1 year ago
What are your thoughts on 'today's (2023-03-22) market action?
View full discussion...
Recent Comments
- TraderMike on BOOT
- Dr_Duru on BOOT
- TraderMike on Stochastic Reached Oversold
- SuccessfulGrasshopper897 on Stochastic Reached Oversold
- Cos3 on Adding float as advanced filter criteria?
From the Blog
Featured Articles