Stock Market Recap for
Index Trend Table
Index | % Chg | ADX | Long Term | Mid Term | Short Term | Signals | |
---|---|---|---|---|---|---|---|
Wilshire 5000 | -1.22% | Weak or Absent | Up | Up | Flat | Bollinger Band Squeeze, Cup with Handle, Fell Below 20 DMA, Slingshot Bullish | |
S&P 500 | -1.12% | Weak or Absent | Up | Up | Flat | Bollinger Band Squeeze, Cup with Handle, Fell Below 20 DMA, Slingshot Bullish | |
NASDAQ-100 | -0.87% | Weak or Absent | Up | Up | Up | Bollinger Band Squeeze, Cup with Handle, Slingshot Bullish | |
Russell 2000 | -2.05% | Weak or Absent | Down | Down | Down | Bollinger Band Squeeze | |
Dow | -1.03% | Weak or Absent | Up | Up | Flat | Bollinger Band Squeeze, Fell Below 20 DMA, Slingshot Bullish |
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 |
---|---|---|
745 | Fell Below 20 DMA | Bearish |
525 | New 52 Week Closing Low | Bearish |
504 | 20 DMA Support | Bullish |
490 | New 52 Week Low | Weakness |
466 | Lower Bollinger Band Walk | Weakness |
Unusually Active Signals for the Day
% Above Normal | Alert | Type |
---|---|---|
563 | Slingshot Bullish | Bullish Swing Setup |
411 | Expansion Pivot Sell Setup | Bearish Swing Setup |
314 | Expansion Breakdown | Bearish Swing Setup |
159 | Gilligan's Island Buy Setup | Bullish Swing Setup |
140 | Lizard Bullish | Bullish Day Trade Setup |
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.
T
TraderMike over 1 year ago
This is the 4th day in a row that all the major indices have been in Bollinger Band Squeezes. So the market is a bit of a coiled spring just in time for the Fed decision tomorrow.
Other things that stand out to me are that the small caps are still sucking wind and the % of stocks above their 50 DMAs is still weak at 35%. Not the healthiest of environments.
Other things that stand out to me are that the small caps are still sucking wind and the % of stocks above their 50 DMAs is still weak at 35%. Not the healthiest of environments.
S
SwingTradeBot over 1 year ago
What are your thoughts on 'today's (2023-05-02) market action?
View full discussion...
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