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 |
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.
S
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.
T
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:
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%.
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.)
1. QQQ being stuck in about a 10 point range:
3. Related to point #2, the % of stocks above their 50 DMAs is only at 41%.
S
SwingTradeBot over 1 year ago
What are your thoughts on 'today's (2023-04-19) market action?
View full discussion...
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