Stock Market Recap for
Index Trend Table
Index | % Chg | ADX | Long Term | Mid Term | Short Term | Signals | |
---|---|---|---|---|---|---|---|
Wilshire 5000 | -1.48% | Weak or Absent | Down | Down | Down | Fell Below 200 DMA | |
S&P 500 | -1.44% | Strong | Down | Down | Down | Fell Below 200 DMA, New Downtrend | |
NASDAQ-100 | -2.45% | Weak or Absent | Up | Down | Down | 180 Bearish Setup, Stochastic Reached Oversold | |
Russell 2000 | -1.65% | Strong | Down | Down | Down | Lower Bollinger Band Walk, New 52 Week Closing Low, New 52 Week Low | |
Dow | -0.33% | Weak or Absent | Down | Down | Down |
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 |
---|---|---|
1218 | Lower Bollinger Band Walk | Weakness |
746 | New 52 Week Closing Low | Bearish |
696 | New 52 Week Low | Weakness |
433 | 180 Bearish Setup | Bearish Swing Setup |
398 | 20 DMA Resistance | Bearish |
Unusually Active Signals for the Day
% Above Normal | Alert | Type |
---|---|---|
355 | 180 Bearish Setup | Bearish Swing Setup |
165 | Gilligan's Island Buy Setup | Bullish Swing Setup |
148 | Stochastic Buy Signal | Bullish |
133 | Expansion Breakdown | Bearish Swing Setup |
112 | Lower Bollinger Band Walk | Weakness |
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 about 1 year ago
Seeing so much red in the trend table reminds me of what I wrote back on July 31st, when it wa solid green:
Typically the trend table being all green or all red is a sign of at least a short term extreme.
But we're not quite solid red yet, so I'm not enticed to go bottom fishing just yet.
The other thing that stands out to me is that the percentage of stocks above their 50-day moving average is a hair off of its 52-week low. It's at 19.98, which indicates an oversold market... but I've seen it reach single digits in really ugly times, which often leads to a capitulation bottom.
So we're at an interesting juncture. If I had to choose a side right here I'd be a bear... but I'd be pretty quick to cover my short positions on a flush lower. The trend follower in me has a really hard time going long when (almost all) the indices are under all the key moving averages.
The other thing that stands out to me is that the percentage of stocks above their 50-day moving average is a hair off of its 52-week low. It's at 19.98, which indicates an oversold market... but I've seen it reach single digits in really ugly times, which often leads to a capitulation bottom.
So we're at an interesting juncture. If I had to choose a side right here I'd be a bear... but I'd be pretty quick to cover my short positions on a flush lower. The trend follower in me has a really hard time going long when (almost all) the indices are under all the key moving averages.
S
SwingTradeBot about 1 year ago
What are your thoughts on 'today's (2023-10-25) market action?
View full discussion...
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