Stock Market Recap for

Index Trend Table

Index % Chg ADX Long Term Mid Term Short Term Signals
Wilshire 5000 0.99% Weak or Absent Up Up Up MACD Bullish Signal Line Cross
S&P 500 0.96% Weak or Absent Up Up Up MACD Bullish Signal Line Cross, Pocket Pivot
NASDAQ-100 1.86% Weak or Absent Up Up Up New 52 Week Closing High, New 52 Week High, Pocket Pivot, Upper Bollinger Band Walk
Russell 2000 0.61% Weak or Absent Down Up Up Bollinger Band Squeeze
Dow 0.43% Weak or Absent Up Up Flat Crossed Above 20 DMA, Cup with Handle

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
591 Pocket Pivot Bullish Swing Setup
448 20 DMA Support Bullish
412 Upper Bollinger Band Walk Strength
391 Crossed Above 20 DMA Bullish
381 Lower Bollinger Band Walk Weakness

Unusually Active Signals for the Day

% Above Normal Alert Type
217 Expansion Breakout Bullish Swing Setup
104 New 52 Week High Strength
102 Lizard Bullish Bullish Day Trade Setup
98 1,2,3 Retracement Bearish Bearish Swing Setup
97 New 52 Week Closing High 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
AVLV A Avantis U.S. Larg... 1.03% 0.80 Bollinger Band Squeeze, Crossed Above 20 DMA, Crossed Above 200 DMA, Crossed Above 50 DMA, MACD Bullish Signal Line Cross
MDY B SPDR MidCap Trust... 0.80% 1.01 20 DMA Support, 50 DMA Support, Bollinger Band Squeeze, Crossed Above 200 DMA, MACD Bullish Signal Line Cross
AEO F American Eagle Ou... 3.40% 1.59 Bollinger Band Squeeze, Crossed Above 20 DMA, Crossed Above 200 DMA, Crossed Above 50 DMA, MACD Bullish Signal Line Cross, Pocket Pivot
DOLE D Dole plc 8.30% 4.51 Crossed Above 20 DMA, Crossed Above 50 DMA, Expansion Pivot Buy Setup, MACD Bullish Centerline Cross, MACD Bullish Signal Line Cross, New 52 Week High, Pocket Pivot, Volume Surge, Wide Range Bar
CTRA B Coterra Energy Inc. 3.29% 1.35 180 Bullish Setup, Bollinger Band Squeeze, Crossed Above 20 DMA, Crossed Above 50 DMA, MACD Bullish Centerline Cross, MACD Bullish Signal Line Cross, Pocket Pivot
ROST D Ross Stores, Inc. 1.53% 1.70 200 DMA Support, Crossed Above 20 DMA, Crossed Above 50 DMA, MACD Bullish Signal Line Cross, Pocket Pivot
IJH B iShares Core S&P ... 0.86% 0.89 20 DMA Support, 50 DMA Support, Bollinger Band Squeeze, Crossed Above 200 DMA, MACD Bullish Signal Line Cross
RDVY B First Trust NASDA... 1.31% 0.96 20 DMA Support, 200 DMA Support, 50 DMA Support, Cup with Handle, MACD Bullish Signal Line Cross
SPMD B SPDR Portfolio Mi... 0.88% 1.01 20 DMA Support, 50 DMA Support, Bollinger Band Squeeze, Crossed Above 200 DMA, MACD Bullish Signal Line Cross, Pocket Pivot
PII F Polaris Industrie... 1.64% 0.90 20 DMA Support, Crossed Above 200 DMA, Crossed Above 50 DMA, MACD Bullish Signal Line Cross, Pocket Pivot

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
MNRO C Monro Muffler Bra... -7.93% 4.31 Doji - Bullish?, Expansion Breakdown, Expansion Pivot Sell Setup, Fell Below 20 DMA, Fell Below 200 DMA, Fell Below 50 DMA, Hammer Candlestick, Lizard Bullish, MACD Bearish Centerline Cross, MACD Bearish Signal Line Cross, Volume Surge, Wide Range Bar
BOOT D Boot Barn Holding... -10.74% 6.90 Expansion Breakdown, Fell Below 20 DMA, Fell Below 200 DMA, Fell Below 50 DMA, MACD Bearish Signal Line Cross, Volume Surge
HYD A Market Vectors Hi... -1.48% 1.40 180 Bearish Setup, Expansion Pivot Sell Setup, Fell Below 20 DMA, Fell Below 200 DMA, Fell Below 50 DMA, MACD Bearish Centerline Cross, Wide Range Bar
BABA D Alibaba Group Hol... -5.41% 2.34 180 Bearish Setup, Bearish Engulfing, Bollinger Band Squeeze, Expansion Pivot Sell Setup, Fell Below 200 DMA, Fell Below 50 DMA, Stochastic Sell Signal
HYMB A SPDR Nuveen S&P H... -0.73% 0.56 20 DMA Resistance, Bollinger Band Squeeze, Cup with Handle, Expansion Pivot Sell Setup, Fell Below 200 DMA, Fell Below 50 DMA, MACD Bearish Centerline Cross
ALGS B Aligos Therapeuti... -6.72% 0.70 Boomer Buy Setup, Calm After Storm, Fell Below 20 DMA, Fell Below 50 DMA, MACD Bearish Signal Line Cross
TGT B Target Corporation -4.21% 2.58 180 Bearish Setup, Bollinger Band Squeeze, Expansion Pivot Sell Setup, Fell Below 20 DMA, Fell Below 200 DMA, Fell Below 50 DMA
HIMS C Hims & Hers Healt... -3.11% 1.25 Fell Below 50 DMA, MACD Bearish Centerline Cross, New Downtrend
MUI D Blackrock Muni In... -0.96% 0.73 Bollinger Band Squeeze, Cup with Handle, Fell Below 20 DMA, Fell Below 200 DMA, Fell Below 50 DMA
VIPS F Vipshop Holdings -7.46% 1.75 180 Bearish Setup, Expansion Pivot Sell Setup, Fell Below 20 DMA, Fell Below 50 DMA, Stochastic Sell Signal, Wide Range Bar

Comments

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SwingScalp over 1 year ago

Interesting insight on the BB walk-ups/walk-downs.  Should be another interesting week ahead.

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TraderMike over 1 year ago

Two days ago I commented on the flatlining SPY that "something's gotta give soon".  Little did I know that things would start heating up the next day.

Suddenly the technicals are looking better and a large part of that is that yesterday the Russell 2000 (IWM) closed above its 50 DMA for the first time in more than 2 months.  The improvement in small caps also caused the "% of Stocks Above Their 50-Day Moving Averages" to climb from 415 to 48% over the last two sessions.  It's looking like that might get above 50% for the first time since early March.

QQQ continued its march higher and actually made a new 52-week high today.

The other things of note are new highs swamping new lows and the number of Expansion Breakouts today (and lots of large cap tech on that list).  That signal is #1 on the " Unusually Active Signals for the Day" list.  Bulls will want to see those breakouts follow-through over the next few sessions.

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SwingScalp over 1 year ago

My thinking is to keep waiting patiently to short this rally, which seems to be roughly a 50% pullback from the S&P 500 high at 4808.93 to the 3491.58 low.  My take is we are in the early stages of a secular bear market, so fine-tuning my shorting skills.  Breadth might be a bit better, as you point out, but there seems to me myriad weak bulls chasing the mega-cap tech and discretionary names higher and if they face some sharp disappointment, then being short should be profitable.  Those heavily crowded trades can turn into a nightmare pretty quickly.

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TraderMike over 1 year ago

Your take is understandable.  There's definitely something for everybody in this market.  It's been tripping me out that there have been so many stocks doing Bollinger Band Walks up and down.  I don't think I'd ever seen a market like that before.

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SwingTradeBot over 1 year ago

What are your thoughts on 'today's (2023-05-18) market action?

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