Stock Market Recap for

Index Trend Table

Index % Chg ADX Long Term Mid Term Short Term Signals
Wilshire 5000 0.46% Weak or Absent Up Up Up Upper Bollinger Band Walk
S&P 500 0.22% Weak or Absent Up Up Up 180 Bullish Setup, NR7, Slingshot Bullish, Upper Bollinger Band Walk
NASDAQ-100 -0.02% Strong Up Up Up NR7, NR7-2, Slingshot Bullish
Russell 2000 2.63% Weak or Absent Up Up Up 200 DMA Support, Expansion Breakout, Pocket Pivot, Stochastic Reached Overbought, Upper Bollinger Band Walk
Dow 0.01% Weak or Absent Up Up Up 180 Bullish Setup, Cup with Handle, MACD Bullish Centerline Cross, NR7, Stochastic Reached Overbought

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
985 Pocket Pivot Bullish Swing Setup
840 Upper Bollinger Band Walk Strength
787 Stochastic Reached Overbought Strength
651 Crossed Above 20 DMA Bullish
541 Crossed Above 50 DMA Bullish

Unusually Active Signals for the Day

% Above Normal Alert Type
407 Reversal New Highs Setup Bullish Swing Setup
385 180 Bullish Setup Bullish Swing Setup
295 Stochastic Reached Overbought Strength
208 Expansion Breakout Bullish Swing Setup
134 MACD Bullish Centerline Cross Bullish

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
HOLI D Hollysys Automati... 9.49% 7.81 Crossed Above 20 DMA, Crossed Above 200 DMA, Crossed Above 50 DMA, Expansion Pivot Buy Setup, MACD Bullish Centerline Cross, MACD Bullish Signal Line Cross, Pocket Pivot, Volume Surge
SWK F Stanley Black & D... 3.33% 0.89 20 DMA Support, 50 DMA Support, Crossed Above 200 DMA, MACD Bullish Signal Line Cross
MBUU F Malibu Boats, Inc. 7.05% 1.47 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
VTR B Ventas, Inc. 1.50% 0.69 Crossed Above 20 DMA, Crossed Above 200 DMA, Crossed Above 50 DMA, Cup with Handle, MACD Bullish Signal Line Cross, NR7, NR7-2
THO F Thor Industries, ... 17.67% 5.62 180 Bullish Setup, Crossed Above 20 DMA, Crossed Above 200 DMA, Crossed Above 50 DMA, Expansion Breakout, Expansion Pivot Buy Setup, MACD Bullish Signal Line Cross, Pocket Pivot, Volume Surge, Wide Range Bar
ALTG D Alta Equipment Gr... 8.47% 1.43 Crossed Above 20 DMA, Crossed Above 50 DMA, Expansion Pivot Buy Setup, MACD Bullish Centerline Cross, MACD Bullish Signal Line Cross, Pocket Pivot
NOG B Northern Oil and ... 2.90% 1.60 180 Bullish Setup, Bollinger Band Squeeze, Crossed Above 20 DMA, Crossed Above 200 DMA, Crossed Above 50 DMA, Expansion Pivot Buy Setup, MACD Bullish Signal Line Cross, Pocket Pivot
CHX D ChampionX Corpora... 1.98% 0.71 20 DMA Support, 200 DMA Support, 50 DMA Support, MACD Bullish Centerline Cross, Stochastic Reached Overbought
WES A Western Gas Partn... 0.81% 0.65 20 DMA Support, 50 DMA Support, Cup with Handle, Golden Cross, MACD Bullish Signal Line Cross
NPWR C NET Power Inc. 8.97% 2.66 20 DMA Support, 50 DMA Support, Expansion Breakout, Expansion Pivot Buy Setup, New 52 Week Closing High, New 52 Week High, New Uptrend, Reversal New Highs Setup, Slingshot Bullish, Upper Bollinger Band Walk, Wide Range Bar

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
NVCR D NovoCure Limited -43.04% 13.80 180 Bearish Setup, Expansion Breakdown, Expansion Pivot Sell Setup, Fell Below 20 DMA, Fell Below 200 DMA, Fell Below 50 DMA, MACD Bearish Centerline Cross, New 52 Week Closing Low, New 52 Week Low, New Downtrend, Volume Surge, Wide Range Bar
AWK B American Water Wo... -0.77% 0.72 50 DMA Resistance, Bearish Engulfing, Cup with Handle, Fell Below 20 DMA, Fell Below 200 DMA, Non-ADX 1,2,3,4 Bearish
SDRL B Seadrill Limited -2.62% 1.46 50 DMA Resistance, Bollinger Band Squeeze, Fell Below 20 DMA, MACD Bearish Centerline Cross, MACD Bearish Signal Line Cross
BRBR C BellRing Brands, ... -2.95% 1.56 50 DMA Support, Fell Below 20 DMA, MACD Bearish Signal Line Cross, New Downtrend, Stochastic Sell Signal
CIEN D Ciena Corporation -10.76% 5.53 Fell Below 20 DMA, Fell Below 200 DMA, Fell Below 50 DMA, MACD Bearish Centerline Cross, Volume Surge
ALCC B AltC Acquisition ... -2.54% 0.94 Fell Below 20 DMA, MACD Bearish Signal Line Cross, New Downtrend, Non-ADX 1,2,3,4 Bullish, Wide Range Bar
FSLR B First Solar, Inc. -3.36% 0.70 Fell Below 20 DMA, Fell Below 50 DMA, MACD Bearish Signal Line Cross
GILD F Gilead Sciences, ... -1.96% 1.05 20 DMA Resistance, 200 DMA Resistance, Bollinger Band Squeeze, MACD Bearish Signal Line Cross
VRTX D Vertex Pharmaceut... -1.20% 0.89 20 DMA Resistance, Evening Star, Fell Below 50 DMA
DFSD A Dimensional Short... -0.11% 0.57 180 Bearish Setup, 20 DMA Resistance, Bollinger Band Squeeze, Cup with Handle, Fell Below 50 DMA, MACD Bearish Centerline Cross

Comments

S

SwingTradeBot 11 months ago

What are your thoughts on 'today's (2023-06-06) market action?

0 Reply
W

WynTrader 11 months ago

Perhaps the S&P-500's break through of strong resistance at 4200 is not convincing enough, given a rather insufficient volume.

0 Reply
T

TraderMike 11 months ago

Good observation about the lack of volume.  I'm not sure how much it matters though given how the S&P has been so driven by just a handful of mega-caps. 

Interestingly, the small caps (IWM) are where the action has been the last few sessions and that index has had good volume on its last two up days.  IWM's rise has created a significant improvement in breadth (as measured by the % of stocks above their 50-day moving averages).  So for now on whether this move it legit, I'm going with "it is" until proven otherwise.

1 Reply

View full discussion...