Stock Market Recap for

Index Trend Table

Index % Chg ADX Long Term Mid Term Short Term Signals
Wilshire 5000 0.33% Weak or Absent Up Up Up Cup with Handle
S&P 500 0.39% Weak or Absent Up Up Up Cup with Handle
NASDAQ-100 0.67% Strong Up Up Up Cup with Handle
Russell 2000 0.15% Weak or Absent Down Down Down 20 DMA Resistance, Bollinger Band Squeeze, NR7, Narrow Range Bar
Dow 0.02% Weak or Absent Up Up Up Cup with Handle, Narrow Range Bar

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
391 20 DMA Support Bullish
378 Pocket Pivot Bullish Swing Setup
369 20 DMA Resistance Bearish
354 Crossed Above 20 DMA Bullish
349 Cup with Handle Other

Unusually Active Signals for the Day

% Above Normal Alert Type
172 Non-ADX 1,2,3,4 Bullish Bullish Swing Setup
97 Doji - Bullish? Reversal
91 MACD Bearish Signal Line Cross Bearish
83 Hammer Candlestick Bullish
76 1,2,3 Pullback Bullish Bullish Swing Setup

Stocks with the Most Bullish Signals Today*

Stocks with the Most Bearish Signals Today*

Comments

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TraderMike over 1 year ago

The obvious standout is the small caps still badly lagging behind the larger cap indices.  For those other indices the selling of the last 2 days appears to just be a normal dip in a longer term uptrend.  I see that lots of stocks tested their 20-day moving averages today -- from above and below -- with twice as many finding support or crossing above that line than those failing at that the 20 DMA.

I'm also glad to see that one of my favorite scans, the Non-ADX 1,2,3,4 Bullish topped the "Unusually Active Signals for the Day" list.  I've added a couple of stocks from there to my "Ready for Entry" watchlist for Monday.  Hopefully they will actually trigger entries.

1 Reply
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SwingTradeBot over 1 year ago

What are your thoughts on 'today's (2023-04-06) market action?

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