collected by :Jack Luxor
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Active AT40 (T2108) periods: Day #263 over 20%, Day #83 over 30%, Day #82 over 40%, Day #1 under 50% (ending 79 days over 50%, underperiod), Day #4 under 60% (underperiod), Day #29 under 70%Daily AT40 (T2108)Daily AT40 (T2108) ChartBlack line: AT40 (T2108) (% measured on the right)Red line: Overbought threshold (70%); Blue line: Oversold threshold (20%)Weekly AT40 (T2108)Weekly AT40 (T2108) ChartBe careful out there! "Above the 40" uses the percentage of stocks trading above their respective 40-day moving averages (DMAs) to assess the technical health of the stock market and to identify extremes in market sentiment that are likely to reverse. AT200, or T2107, measures the percentage of stocks trading above their respective 200DMAs. AT40 (T2108), the percentage of stocks trading above their respective 40-day moving averages (DMAs), did something it has not done in 79 trading days: it closed below 50%. Sellers were finally active in the pre-market and forced the stock to gap down below the intraday low from Day #1.
The Taiwan Stock Exchange now rests just beneath the 9,740-point plateau, although investors may cash in on Wednesday. Shutterstock photo(RTTNews.com) - The Taiwan stock market has moved higher in consecutive trading days, advancing almost 90 points or 0.9 percent along the way. Concerns about the outlook for interest rates weighed on the markets amid expectations for an increase in rates at next week's Federal Reserve meeting. The lead from Wall Street suggests mild downside as stocks were lackluster on Tuesday before ending lower, extending the losses in the previous session. CME Group's FedWatch tool is indicating an 84.1 percent probability of a quarter-point rate hike by the central bank.
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A Growing Undertow For The Stock Market
Active AT40 (T2108) periods: Day #263 over 20%, Day #83 over 30%, Day #82 over 40%, Day #1 under 50% (ending 79 days over 50%, underperiod), Day #4 under 60% (underperiod), Day #29 under 70%Daily AT40 (T2108)Daily AT40 (T2108) ChartBlack line: AT40 (T2108) (% measured on the right)Red line: Overbought threshold (70%); Blue line: Oversold threshold (20%)Weekly AT40 (T2108)Weekly AT40 (T2108) ChartBe careful out there! "Above the 40" uses the percentage of stocks trading above their respective 40-day moving averages (DMAs) to assess the technical health of the stock market and to identify extremes in market sentiment that are likely to reverse. AT200, or T2107, measures the percentage of stocks trading above their respective 200DMAs. AT40 (T2108), the percentage of stocks trading above their respective 40-day moving averages (DMAs), did something it has not done in 79 trading days: it closed below 50%. Sellers were finally active in the pre-market and forced the stock to gap down below the intraday low from Day #1.
Taiwan Stock Market May Be Stuck In Neutral
The Taiwan Stock Exchange now rests just beneath the 9,740-point plateau, although investors may cash in on Wednesday. Shutterstock photo(RTTNews.com) - The Taiwan stock market has moved higher in consecutive trading days, advancing almost 90 points or 0.9 percent along the way. Concerns about the outlook for interest rates weighed on the markets amid expectations for an increase in rates at next week's Federal Reserve meeting. The lead from Wall Street suggests mild downside as stocks were lackluster on Tuesday before ending lower, extending the losses in the previous session. CME Group's FedWatch tool is indicating an 84.1 percent probability of a quarter-point rate hike by the central bank.
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