Market Recap for 2023-04-27 | NYSE, NASDAQ & AMEX

Index Trend Table

Index	% Chg	ADX	Long Term	Mid Term	Short Term	Signals
Wilshire 5000	1.88%	Weak or Absent	Up	Up	Flat	180 Bullish Setup, Bollinger Band Squeeze, Crossed Above 20 DMA, Cup with Handle, Expansion Pivot Buy Setup
S&P 500	1.99%	Weak or Absent	Up	Up	Flat	180 Bullish Setup, Bollinger Band Squeeze, Crossed Above 20 DMA, Cup with Handle
NASDAQ-100	2.72%	Weak or Absent	Up	Up	Up	180 Bullish Setup, Bollinger Band Squeeze, Crossed Above 20 DMA, Cup with Handle
Russell 2000	1.34%	Weak or Absent	Down	Down	Down	Bollinger Band Squeeze, Lower Bollinger Band Walk, Pocket Pivot, Stochastic Reached Oversold
Dow	1.58%	Weak or Absent	Up	Up	Flat	180 Bullish Setup, Bollinger Band Squeeze, Crossed Above 20 DMA, Cup with Handle

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
936	Lower Bollinger Band Walk	Weakness
743	Pocket Pivot	Bullish Swing Setup
631	Crossed Above 20 DMA	Bullish
392	20 DMA Resistance	Bearish
386	Cup with Handle	Other

Unusually Active Signals for the Day

% Above Normal	Alert	Type
2567	Morning Star	Bullish
436	Expansion Pivot Buy Setup	Bullish Swing Setup
410	Slingshot Bearish	Bearish Swing Setup
338	Bullish Engulfing	Bullish
257	Crossed Above 20 DMA	Bullish

Unusually Active Stocks

Symbol	Grade	Name	% Change	Vol Surge	Signals
TOP	B	Zhong Yang Financ...	197.62%	29.80	Crossed Above 200 DMA, Expansion Breakout, Parabolic Rise, Pocket Pivot, Upper Bollinger Band Walk, Volume Surge, Wide Range Bar
PI	C	Impinj, Inc.	-39.06%	13.07	Expansion Breakdown, Expansion Pivot Sell Setup, Fell Below 200 DMA, Fell Below 50 DMA, MACD Bearish Centerline Cross, Volume Surge, Wide Range Bar
MBLY	C	Mobileye Global Inc.	-16.13%	8.81	Expansion Breakdown, Fell Below 20 DMA, Fell Below 50 DMA, Gilligan's Island Buy Setup, MACD Bearish Signal Line Cross, Volume Surge, Wide Range Bar
OMFL	A	Invesco Russell 1...	1.02%	8.76	Bollinger Band Squeeze, Bullish Engulfing, Crossed Above 20 DMA, Cup with Handle, New Uptrend, Pocket Pivot, Volume Surge
HELE	D	Helen of Troy Lim...	19.49%	6.74	200 DMA Resistance, 50 DMA Resistance, Crossed Above 20 DMA, MACD Bullish Signal Line Cross, New Uptrend, Pocket Pivot, Slingshot Bearish, Stochastic Buy Signal, Volume Surge, Wide Range Bar
WOLF	F	Wolfspeed, Inc.	-19.86%	6.64	Expansion Breakdown, MACD Bearish Signal Line Cross, New 52 Week Closing Low, New 52 Week Low, Volume Surge, Wide Range Bar
CROX	C	Crocs, Inc.	-15.87%	6.20	Expansion Pivot Sell Setup, Fell Below 20 DMA, Fell Below 50 DMA, MACD Bearish Signal Line Cross, New Downtrend, Volume Surge, Wide Range Bar
PRCT	C	PROCEPT BioRoboti...	-25.31%	5.64	Expansion Pivot Sell Setup, Fell Below 20 DMA, Fell Below 50 DMA, MACD Bearish Signal Line Cross, New 52 Week Low, Volume Surge, Wide Range Bar
MXL	F	MaxLinear, Inc	-17.57%	5.15	Expansion Breakdown, New 52 Week Closing Low, New 52 Week Low, Volume Surge, Wide Range Bar
FDMT	C	4D Molecular Ther...	-19.79%	5.15	200 DMA Support, Doji - Bullish?, Fell Below 20 DMA, Fell Below 50 DMA, Gilligan's Island Buy Setup, Hammer Candlestick, Lizard Bullish, 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
AM	B	Antero Midstream ...	5.51%	2.11	Bullish Engulfing, Crossed Above 20 DMA, Crossed Above 200 DMA, Crossed Above 50 DMA, Expansion Pivot Buy Setup, Pocket Pivot, Stochastic Buy Signal, Wide Range Bar
HLI	B	Houlihan Lokey, Inc.	0.96%	1.40	20 DMA Support, Bullish Engulfing, Crossed Above 50 DMA, Cup with Handle, Hammer Candlestick
VFC	C	V.F. Corporation	3.95%	0.51	180 Bullish Setup, Bollinger Band Squeeze, Crossed Above 20 DMA, Crossed Above 50 DMA, MACD Bullish Centerline Cross, Morning Star
REG	C	Regency Centers C...	1.58%	0.63	180 Bullish Setup, Bollinger Band Squeeze, Crossed Above 20 DMA, Crossed Above 50 DMA, MACD Bullish Centerline Cross, MACD Bullish Signal Line Cross
EBAY	B	eBay Inc.	5.07%	2.19	180 Bullish Setup, Bollinger Band Squeeze, Crossed Above 20 DMA, Crossed Above 200 DMA, Crossed Above 50 DMA, Expansion Pivot Buy Setup, MACD Bullish Centerline Cross, Pocket Pivot
SWK	B	Stanley Black & D...	6.59%	1.35	180 Bullish Setup, Crossed Above 20 DMA, Crossed Above 50 DMA, Expansion Pivot Buy Setup, MACD Bullish Centerline Cross, Morning Star, Pocket Pivot
GGG	C	Graco Inc.	12.60%	2.87	180 Bullish Setup, Crossed Above 20 DMA, Crossed Above 50 DMA, Expansion Breakout, Expansion Pivot Buy Setup, MACD Bullish Signal Line Cross, New 52 Week Closing High, New 52 Week High, Pocket Pivot, Wide Range Bar
KEX	C	Kirby Corporation	5.86%	2.66	180 Bullish Setup, Crossed Above 20 DMA, Crossed Above 200 DMA, Crossed Above 50 DMA, Expansion Pivot Buy Setup, MACD Bullish Signal Line Cross, Pocket Pivot, Wide Range Bar
HELE	D	Helen of Troy Lim...	19.49%	6.74	200 DMA Resistance, 50 DMA Resistance, Crossed Above 20 DMA, MACD Bullish Signal Line Cross, New Uptrend, Pocket Pivot, Slingshot Bearish, Stochastic Buy Signal, Volume Surge, Wide Range Bar
ACVA	B	ACV Auctions Inc.	5.43%	1.38	Crossed Above 20 DMA, Crossed Above 50 DMA, Expansion Pivot Buy Setup, MACD Bullish Centerline Cross, 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
DPZ	F	Domino's Pizza Inc	-6.46%	2.36	180 Bearish Setup, 200 DMA Resistance, Bearish Engulfing, Bollinger Band Squeeze, Expansion Pivot Sell Setup, Fell Below 20 DMA, Fell Below 50 DMA, MACD Bearish Signal Line Cross, Non-ADX 1,2,3,4 Bearish, Slingshot Bullish, Wide Range Bar
KDP	A	Keurig Dr Pepper ...	-5.52%	2.01	Expansion Breakdown, Expansion Pivot Sell Setup, Fell Below 20 DMA, Fell Below 50 DMA, MACD Bearish Signal Line Cross, New 52 Week Closing Low, New 52 Week Low, Wide Range Bar
ALGN	D	Align Technology,...	-10.38%	2.85	Cup with Handle, Expansion Pivot Sell Setup, Fell Below 20 DMA, Fell Below 50 DMA, MACD Bearish Signal Line Cross, New Downtrend
WTW	B	Willis Towers Wat...	-5.03%	2.44	Expansion Pivot Sell Setup, Fell Below 20 DMA, Fell Below 200 DMA, Fell Below 50 DMA, MACD Bearish Signal Line Cross, Wide Range Bar
ABBV	C	AbbVie Inc.	-7.99%	2.98	200 DMA Support, Expansion Pivot Sell Setup, Fell Below 20 DMA, Fell Below 50 DMA, MACD Bearish Signal Line Cross, New Downtrend, Wide Range Bar
CROX	C	Crocs, Inc.	-15.87%	6.20	Expansion Pivot Sell Setup, Fell Below 20 DMA, Fell Below 50 DMA, MACD Bearish Signal Line Cross, New Downtrend, Volume Surge, Wide Range Bar
RNA	C	Avidity Bioscienc...	-16.09%	2.43	Bearish Engulfing, Fell Below 20 DMA, Non-ADX 1,2,3,4 Bearish, Stochastic Sell Signal, Wide Range Bar
PI	B	Impinj, Inc.	-39.06%	13.07	Expansion Breakdown, Expansion Pivot Sell Setup, Fell Below 200 DMA, Fell Below 50 DMA, MACD Bearish Centerline Cross, Volume Surge, Wide Range Bar
SOC	B	Sable Offshore Corp.	-0.30%	0.12	Bollinger Band Squeeze, Fell Below 20 DMA, Fell Below 50 DMA, MACD Bearish Centerline Cross
MBLY	F	Mobileye Global Inc.	-16.13%	8.81	Expansion Breakdown, Fell Below 20 DMA, Fell Below 50 DMA, Gilligan's Island Buy Setup, MACD Bearish Signal Line Cross, Volume Surge, Wide Range Bar

Comments

S

SwingScalp over 1 year ago

Very interesting thanks for the keen insight TraderMike.

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S

SwingScalp over 1 year ago

Interesting that 'Lower Bollinger Band Walk' (997) was so high on a big bullish day like yesterday.

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TraderMike over 1 year ago

Isn't that weird? It goes along with the weakness in the small caps (IWM) and the fact that we've still got so many stocks under their 50-day moving averages. The breadth of the market is still not very good.

Also note that I coded the Bollinger Band Walk signals to trigger if the stock touched (or was above the upper/below the lower) the band the last 2 days in a row or 3 of the last 4 days. So for the Lower BB Walk even if a stock lifted off the lower band and didn't touch it, the signal would still appear if it had touched (or was below) the band the previous 3 days.

Nonetheless, after glancing at some of the Lower BB Walk charts from last night the vast majority did indeed touch their lower BBs

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