Stock Market Recap for

Index Trend Table

Index % Chg ADX Long Term Mid Term Short Term Signals
Wilshire 5000 0.05% Weak or Absent Up Up Up Cup with Handle
S&P 500 -0.02% Weak or Absent Up Up Up Cup with Handle, Slingshot Bullish
NASDAQ-100 -0.05% Strong Up Up Flat Bollinger Band Squeeze, Cup with Handle
Russell 2000 0.13% Weak or Absent Down Down Up Stochastic Reached Overbought
Dow -0.24% Weak or Absent Up Up Flat Cup with Handle, NR7, 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
516 20 DMA Support Bullish
506 Pocket Pivot Bullish Swing Setup
467 Upper Bollinger Band Walk Strength
383 Cup with Handle Other
379 Fell Below 20 DMA Bearish

Unusually Active Signals for the Day

% Above Normal Alert Type
108 NR7-2 Range Contraction
100 Slingshot Bullish Bullish Swing Setup
89 Lizard Bullish Bullish Day Trade Setup
88 Doji - Bullish? Reversal
52 50 DMA Support Bullish

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.
Symbol Grade Name % Change Vol Surge Signals
SNX C Synnex Corporation -4.86% 2.18 Bollinger Band Squeeze, Evening Star, Expansion Pivot Sell Setup, Fell Below 20 DMA, Fell Below 200 DMA, Fell Below 50 DMA, MACD Bearish Centerline Cross
REYN D Reynolds Consumer... -0.18% 0.64 20 DMA Resistance, 50 DMA Resistance, Bollinger Band Squeeze, MACD Bearish Centerline Cross, MACD Bearish Signal Line Cross
HUM C Humana Inc. -3.86% 1.55 Cup with Handle, Expansion Pivot Sell Setup, Fell Below 20 DMA, Fell Below 200 DMA, Fell Below 50 DMA, MACD Bearish Signal Line Cross
ALAR C Alarum Technologi... -3.72% 0.97 1,2,3 Pullback Bullish, 20 DMA Resistance, Doji - Bullish?, Fell Below 50 DMA, MACD Bearish Signal Line Cross
F C Ford Motor Company -4.01% 1.04 180 Bearish Setup, Fell Below 20 DMA, Fell Below 200 DMA, Fell Below 50 DMA
SAIC F Science Applicati... -1.82% 1.40 Expansion Pivot Sell Setup, Fell Below 20 DMA, Fell Below 50 DMA, MACD Bearish Signal Line Cross
CDW F CDW Corporation -13.23% 6.15 Expansion Breakdown, Fell Below 20 DMA, Fell Below 200 DMA, Gilligan's Island Buy Setup, MACD Bearish Signal Line Cross, Volume Surge
WES C Western Gas Partn... -1.61% 0.85 Cup with Handle, Fell Below 20 DMA, Fell Below 200 DMA, Fell Below 50 DMA
ACIW B ACI Worldwide, Inc. -0.81% 0.29 Bollinger Band Squeeze, Fell Below 20 DMA, Fell Below 50 DMA, MACD Bearish Signal Line Cross, NR7, Narrow Range Bar
EXTR B Extreme Networks,... -12.39% 5.45 Expansion Breakdown, Expansion Pivot Sell Setup, Fell Below 200 DMA, Hammer Candlestick, Lizard Bullish, MACD Bearish Centerline Cross, MACD Bearish Signal Line Cross, Volume Surge, Wide Range Bar

Comments

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SwingScalp over 1 year ago

The rally (opening-reversal) yesterday was strong so was glad I took some profits on shorts early.  I kept looking for re-entries to those shorts, but never got the big bull give-up bar.  I am still tending to fade the current rally; as you point out the market breadth is not particularly bullish currently.

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TraderMike over 1 year ago

RE: "never got the big bull give-up bar."

The market is being really stubborn these days.    I guess QQQ will have a decent move (up or down) once that range finally breaks.

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TraderMike over 1 year ago

There are a few things which have had my attention for the last week or so.  I continue to look for resolution to the following:

1. QQQ being stuck in about a 10 point range:
QQQ_rangebound.png 150 KB
2. IWM (small caps) are still under the 50 DMA.
3. Related to point #2, the % of stocks above their 50 DMAs is only at 41%.
T2108_stalling.png 85.6 KB
I'd really like see breadth continue to improve.  It seems like all the market is doing right now is rotating strength among large(r) cap stocks from tech to non-tech. (Note SPY & DIA drifting higher while QQQ goes sideways.)

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SwingTradeBot over 1 year ago

What are your thoughts on 'today's (2023-04-19) market action?

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