Stock Market Recap for
Index Trend Table
Index | % Chg | ADX | Long Term | Mid Term | Short Term | Signals | |
---|---|---|---|---|---|---|---|
Wilshire 5000 | -1.68% | Weak or Absent | Up | Down | Down | ||
S&P 500 | -1.65% | Weak or Absent | Up | Down | Down | ||
NASDAQ-100 | -1.83% | Weak or Absent | Up | Down | Down | Cup with Handle, MACD Bearish Centerline Cross | |
Russell 2000 | -1.55% | Weak or Absent | Down | Down | Down | Lower Bollinger Band Walk | |
Dow | -1.09% | Weak or Absent | Up | Down | Down | Bollinger Band Squeeze, Stochastic Reached Oversold |
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 |
---|---|---|
715 | Lower Bollinger Band Walk | Weakness |
582 | New 52 Week Closing Low | Bearish |
578 | Fell Below 20 DMA | Bearish |
495 | New 52 Week Low | Weakness |
487 | MACD Bearish Signal Line Cross | Bearish |
Unusually Active Signals for the Day
% Above Normal | Alert | Type |
---|---|---|
357 | Gilligan's Island Buy Setup | Bullish Swing Setup |
322 | Expansion Breakdown | Bearish Swing Setup |
319 | Evening Star | Bearish |
257 | Fell Below 200 DMA | Bearish |
204 | MACD Bearish Centerline Cross | 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 3 months ago
It's obviously ugly out there for the bulls. The thing that stands out to me tonight is the "% of Stocks Above Their 50-Day Moving Averages" chart. It's diving toward its 52-week low of just under 22. The only good thing (for the bulls) about that is we're approaching oversold on that measure. I've seen that indicator reach single digits though, so I'm in no rush to go shopping (for stocks) just yet.
#2 on my list of standouts on this page is how many "Expansion Breakdowns" there were today -- 322% above normal.
So there's a ton of weakness around but it's a great time build a watchlist with some leading stocks that are being dragged down with the broader market (for example, see the Strong but Oversold scan).
#2 on my list of standouts on this page is how many "Expansion Breakdowns" there were today -- 322% above normal.
So there's a ton of weakness around but it's a great time build a watchlist with some leading stocks that are being dragged down with the broader market (for example, see the Strong but Oversold scan).
S
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