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 |
---|---|---|
954 | Pocket Pivot | Bullish Swing Setup |
815 | Upper Bollinger Band Walk | Strength |
770 | Stochastic Reached Overbought | Strength |
628 | Crossed Above 20 DMA | Bullish |
523 | 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 |
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.
S
SwingTradeBot over 1 year ago
What are your thoughts on 'today's (2023-06-06) market action?
W
WynTrader over 1 year ago
Perhaps the S&P-500's break through of strong resistance at 4200 is not convincing enough, given a rather insufficient volume.
T
TraderMike over 1 year 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.
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.
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