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    Stock Market Recap for

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    Index Trend Table

    Index % Chg ADX Long Term Mid Term Short Term Signals
    Wilshire 5000 0.54% Weak or Absent Up Flat Up Crossed Above 50 DMA, Cup with Handle, NR7, NR7-2, Narrow Range Bar, Stochastic Reached Overbought
    S&P 500 0.59% Weak or Absent Up Up Up Cup with Handle, NR7, Narrow Range Bar, Stochastic Reached Overbought
    NASDAQ-100 0.95% Weak or Absent Up Up Up
    Russell 2000 -0.14% Weak or Absent Down Down Up 20 DMA Resistance, Bearish Engulfing, Cup with Handle, Non-ADX 1,2,3,4 Bearish
    Dow 0.43% Weak or Absent Up Down Up Cup with Handle, Narrow Range Bar, Stochastic Reached Overbought

    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
    600 20 DMA Resistance Bearish
    541 MACD Bullish Signal Line Cross Bullish
    481 Crossed Above 20 DMA Bullish
    456 Non-ADX 1,2,3,4 Bearish Bearish Swing Setup
    361 Pocket Pivot Bullish Swing Setup

    Unusually Active Signals for the Day

    % Above Normal Alert Type
    203 Stochastic Reached Overbought Strength
    184 Doji - Bearish? Reversal
    151 MACD Bullish Centerline Cross Bullish
    118 New Uptrend Bullish
    93 1,2,3 Retracement Bearish Bearish Swing Setup

    Unusually Active Stocks

    Symbol Grade Name % Change Vol Surge Signals
    MCB F Metropolitan Bank... -27.58% 17.01 MACD Bearish Signal Line Cross, Volume Surge, Wide Range Bar
    FSIG B First Trust Limit... 0.05% 12.32 NR7, Pocket Pivot, Volume Surge
    SMTC F Semtech Corporation -21.36% 11.40 Calm After Storm, Expansion Breakdown, Fell Below 20 DMA, Fell Below 50 DMA, Gilligan's Island Buy Setup, MACD Bearish Centerline Cross, MACD Bearish Signal Line Cross, New 52 Week Closing Low, New 52 Week Low, Volume Surge
    IEZ C iShares U.S. Oil ... -1.14% 7.52 Volume Surge
    TRMD B TORM plc -12.74% 6.70 Fell Below 20 DMA, Fell Below 50 DMA, Stochastic Sell Signal, Volume Surge
    RNA D Avidity Bioscienc... -16.83% 6.67 Expansion Breakdown, Fell Below 200 DMA, Gilligan's Island Buy Setup, Volume Surge, Wide Range Bar
    BMEA A Biomea Fusion, Inc. -1.24% 6.40 Calm After Storm, Parabolic Rise, Upper Bollinger Band Walk, Volume Surge
    VKTX A Viking Therapeuti... 8.79% 6.15 New 52 Week Closing High, New 52 Week High, Parabolic Rise, Pocket Pivot, Stochastic Reached Overbought, Upper Bollinger Band Walk, Volume Surge
    NAC C Nuveen California... 0.37% 6.14 Bollinger Band Squeeze, Non-ADX 1,2,3,4 Bearish, Pocket Pivot, Volume Surge
    NABL A N-able, Inc. 0.75% 5.79 Calm After Storm, Jack-in-the-Box Bullish, New 52 Week Closing High, New Uptrend, Pocket Pivot, Upper Bollinger Band Walk, Volume Surge

    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
    QCOM D QUALCOMM Incorpor... 1.85% 1.09 Crossed Above 200 DMA, Crossed Above 50 DMA, Golden Cross, MACD Bullish Centerline Cross, NR7, Narrow Range Bar, Pocket Pivot, Stochastic Reached Overbought
    BAB D PowerShares Build... 0.64% 2.09 20 DMA Support, 200 DMA Support, Bollinger Band Squeeze, Crossed Above 50 DMA, Cup with Handle, MACD Bullish Signal Line Cross
    AMSC C American Supercon... 6.71% 1.68 Crossed Above 20 DMA, Crossed Above 200 DMA, MACD Bullish Signal Line Cross
    HYMB A SPDR Nuveen S&P H... 0.56% 0.50 Crossed Above 200 DMA, Crossed Above 50 DMA, Cup with Handle, Death Cross, MACD Bullish Centerline Cross, Stochastic Reached Overbought, Upper Bollinger Band Walk
    ACGL D Arch Capital Grou... 0.09% 0.60 20 DMA Support, Doji - Bearish?, MACD Bullish Centerline Cross, MACD Bullish Signal Line Cross, Stochastic Reached Overbought
    BEKE C KE Holdings Inc 4.96% 0.90 Crossed Above 20 DMA, Crossed Above 50 DMA, MACD Bullish Signal Line Cross
    BP F BP p.l.c. 0.77% 0.62 Crossed Above 20 DMA, Crossed Above 50 DMA, MACD Bullish Signal Line Cross, Narrow Range Bar
    PSA C Public Storage 1.52% 0.68 Crossed Above 20 DMA, Crossed Above 50 DMA, MACD Bullish Signal Line Cross, NR7, Narrow Range Bar
    SNCY D Sun Country Airli... 0.76% 0.92 Crossed Above 20 DMA, Crossed Above 50 DMA, MACD Bullish Signal Line Cross, NR7
    CROX D Crocs, Inc. 4.86% 1.47 Crossed Above 20 DMA, Crossed Above 50 DMA, MACD Bullish Signal Line Cross, Pocket Pivot

    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
    SMTC C Semtech Corporation -21.36% 11.40 Calm After Storm, Expansion Breakdown, Fell Below 20 DMA, Fell Below 50 DMA, Gilligan's Island Buy Setup, MACD Bearish Centerline Cross, MACD Bearish Signal Line Cross, New 52 Week Closing Low, New 52 Week Low, Volume Surge
    TAP D Molson Coors Brew... -0.50% 0.79 200 DMA Resistance, Bearish Engulfing, Fell Below 20 DMA, Fell Below 50 DMA, MACD Bullish Signal Line Cross
    LEGN F Legend Biotech Co... -0.29% 0.80 50 DMA Resistance, Bearish Engulfing, Fell Below 200 DMA, Upper Bollinger Band Walk
    CTLT B Catalent, Inc. -3.35% 0.53 20 DMA Resistance, Fell Below 50 DMA, MACD Bearish Centerline Cross, Non-ADX 1,2,3,4 Bearish
    TRMD F TORM plc -12.74% 6.70 Fell Below 20 DMA, Fell Below 50 DMA, Stochastic Sell Signal, Volume Surge
    ERII C Energy Recovery, ... 0.96% 0.71 20 DMA Resistance, 50 DMA Resistance, Crossed Above 200 DMA, Non-ADX 1,2,3,4 Bearish, Shooting Star Candlestick
    WCC B WESCO Internation... 1.51% 1.15 20 DMA Resistance, 50 DMA Resistance, NR7, Shooting Star Candlestick
    DOCU B DocuSign, Inc. -2.48% 0.81 180 Bearish Setup, 20 DMA Resistance, Fell Below 200 DMA, MACD Bearish Signal Line Cross
    MIRM D Mirum Pharmaceuti... -2.48% 0.86 200 DMA Support, Expansion Pivot Sell Setup, Fell Below 20 DMA, Fell Below 50 DMA, MACD Bearish Centerline Cross
    ASTH B Astrana Health Inc. -5.12% 1.11 50 DMA Support, Fell Below 20 DMA, Fell Below 200 DMA, MACD Bearish Signal Line Cross

    Comments

    S

    SwingScalp over 1 year ago

    TraderMike, do you think this powerful bull rally will continue into next week and through April?  Seems to me many bulls are way out over their skis and I'm looking for short setups more than long setups.  Interested in your take.  Thanks.

    0 Reply
    T

    TraderMike over 1 year ago

    I honestly have no idea & definitely don't try to predict, especially multiple weeks out.  Given that all the indices except the Russell 2000 are back above their key MAs, I have to be biased to the long side.  My opinion could change in a flash if the indices start giving up those MAs, which are very close by.  The Nasdaq is certainly short-term overbought & I could see tech resting / pulling back in the short term.  

    1 Reply
    T

    TraderMike over 1 year ago

    The market internals are continuing to slowly improve -- at least for the larger cap stocks.  The Russell 2000 (IWM) is still lagging behind as shown by the trend table and in the % of stocks above their 50 DMAs.  I'd like to see those smaller cap stocks start to act better in order to have more confidence in the market having a sustainable rise.

    One thing that stands out today is that the "Top 5 Technical Signals for the Day" is dominated by range contraction signals.  Perhaps we're setting up for a big range expansion day/period.

    0 Reply
    S

    SwingTradeBot over 1 year ago

    What are your thoughts on 'today's (2023-03-30) market action?

    0 Reply
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