Stock Market Recap for
Index Trend Table
Index | % Chg | ADX | Long Term | Mid Term | Short Term | Signals | |
---|---|---|---|---|---|---|---|
Wilshire 5000 | -0.78% | Weak or Absent | Up | Up | Flat | Bollinger Band Squeeze, Cup with Handle, Fell Below 20 DMA | |
S&P 500 | -0.67% | Weak or Absent | Up | Up | Flat | Bollinger Band Squeeze, Cup with Handle, Fell Below 20 DMA | |
NASDAQ-100 | 0.11% | Weak or Absent | Up | Up | Up | Stochastic Sell Signal | |
Russell 2000 | -1.46% | Weak or Absent | Down | Down | Down | Bollinger Band Squeeze, Fell Below 20 DMA | |
Dow | -1.02% | Weak or Absent | Up | Flat | Down | 180 Bearish Setup, Cup with Handle, Fell Below 50 DMA, MACD Bearish Centerline Cross |
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 |
---|---|---|
598 | Fell Below 20 DMA | Bearish |
467 | 180 Bearish Setup | Bearish Swing Setup |
394 | Lower Bollinger Band Walk | Weakness |
384 | Upper Bollinger Band Walk | Strength |
355 | Fell Below 50 DMA | Bearish |
Unusually Active Signals for the Day
% Above Normal | Alert | Type |
---|---|---|
307 | 180 Bearish Setup | Bearish Swing Setup |
133 | Fell Below 50 DMA | Bearish |
102 | Fell Below 20 DMA | Bearish |
94 | Fell Below 200 DMA | Bearish |
72 | Stochastic Sell Signal | Bearish |
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
I don't want to read too much into today's action because the market has been so choppy lately. However, it is striking to me just how much red (bearish signals) is on the recap today.
The "Unusually Active Signals for the Day" section is dominated by stocks breaking down under key moving averages. The Russell 2000 is still sucking wind and the Dow joined it under its 50-day moving average today.
The NASDAQ 100 continues to drift higher (although it did trigger a stochastic sell signal today) while SPY has essentially been stuck going sideways for the last 6 weeks. A pretty blah market at the moment.
The "Unusually Active Signals for the Day" section is dominated by stocks breaking down under key moving averages. The Russell 2000 is still sucking wind and the Dow joined it under its 50-day moving average today.
The NASDAQ 100 continues to drift higher (although it did trigger a stochastic sell signal today) while SPY has essentially been stuck going sideways for the last 6 weeks. A pretty blah market at the moment.
S
SwingTradeBot over 1 year ago
What are your thoughts on 'today's (2023-05-16) market action?
View full discussion...
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