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T2108 Update: A Look At Extremes

Published 03/19/2013, 12:34 PM
Updated 07/09/2023, 06:31 AM

(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are highly likely to reverse. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades are posted on twitter using the #120trade hashtag)

  • T2108 Status: 59.3%
  • VIX Status: 13.4
  • General (Short-term) Trading Call: Hold
Reference Charts
Commentary
my last T2108 Update


S&P 500

VIX


Poor Consumer Sentiment Underlines Poor Participation In Market Highs
T2108 vs. S&P 500: All-Time Highs





Number of Calendar Days Since S&P 500's Last All-time High
Daily T2108 vs. The S&P 500
Black line: T2108 (measured on the right) -- Green line: S&P 500 (for comparative purposes) -- Red line: T2108 Overbought (70%); Blue line: T2108 Oversold (20%)
Weekly T2108
*All charts created using freestockcharts.com unless otherwise stated

Related links:
The T2108 Resource Page
Expanded daily chart of T2108 versus the S&P 500
Expanded weekly chart of T2108



Full disclosure: long VXX shares and puts

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