Stock Market Recap for

Index Trend Table

Index % Chg ADX Long Term Mid Term Short Term Signals
Wilshire 5000 -0.63% Weak or Absent Up Flat Flat Fell Below 50 DMA
S&P 500 -0.67% Weak or Absent Up Flat Flat 20 DMA Support, Fell Below 50 DMA
NASDAQ-100 -0.88% Weak or Absent Up Up Up
Russell 2000 -0.37% Weak or Absent Up Down Flat 20 DMA Resistance, Spinning Top
Dow -0.57% Weak or Absent Up Down Flat MACD Bearish Signal Line 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
549 20 DMA Resistance Bearish
460 Fell Below 20 DMA Bearish
452 Pocket Pivot Bullish Swing Setup
441 Upper Bollinger Band Walk Strength
393 MACD Bearish Signal Line Cross Bearish

Unusually Active Signals for the Day

% Above Normal Alert Type
283 MACD Bearish Signal Line Cross Bearish
208 Hammer Candlestick Bullish
170 Doji - Bullish? Reversal
129 Jack-in-the-Box Bearish Bearish Swing Setup
125 Slingshot Bullish Bullish Swing Setup

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.

Comments

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TraderMike 8 months ago

Last week is looking like a head-fake for the bulls.  All the major indices climbed above their 50 DMAs but after today QQQ is the sole survivor.  Breadth is poor, as measured by the "% of Stocks Above Their 50-Day Moving Averages".  That indicator is also interesting because it's near its August low while the indices are well above their August lows.  I'm not sure what to make of that but I do know that, IMHO, to have a healthy rally that indicator need to be making higher highs and higher lows.  At best it's going sideways now & on the verge of making a lower low.  

0 Reply
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SwingTradeBot 8 months ago

What are your thoughts on 'today's (2023-09-06) market action?

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