Stock Market Oscillator Update

2024-06-09T00:14:44-04:00June 9, 2024|

Today's Reading for 6/7/24: 52.64 Current Reading: Neutral Additional Notes: For the past week, SMO has been chopping back and forth, with very little direction. Still a major divergence from SPX price action though. *Note:* I will be on vacation for the week of June 10-14, and won't be making [...]

Stock Market Oscillator Update

2024-06-08T23:16:19-04:00June 6, 2024|

Today's Reading for 6/6/24: 53.90 Current Reading: Neutral Additional Notes: Very small uptick today, and remains a concern that this oscillator remains in a neutral setting while the overall stock market is at all-time highs. Interpreting the Chart: 0-10 is "Extreme Oversold" and is typically seen in strong 'Risk-Off' market [...]

Stock Market Oscillator Update

2024-06-06T08:53:09-04:00June 6, 2024|

Today's Reading for 6/5/24: 52.78 Current Reading: Neutral Additional Notes: Considering the move in the indices yesterday, one would have expected a giant leap in the SMO, but instead a 2 point move suggests that conditions under the surface of the gains seen on the market, are not improving by [...]

Stock Market Oscillator Update

2024-06-04T19:37:11-04:00June 4, 2024|

Today's Reading for 6/4/24: 50.62 Current Reading: Neutral Additional Notes: While SPX has pushed higher the last two days, the SMO is drifting lower, continuing to widen the divergence between the two. This also indicates that the rally as a whole shouldn't be trusted too much until underlying conditions improve. [...]

Stock Market Oscillator Update

2024-06-04T01:17:58-04:00June 4, 2024|

Today's Reading for 6/3/24: 53.58 Current Reading: Neutral Additional Notes: Remains neutral, but gave back the small bounce from Friday, and continues to diverge from the overall market. Interpreting the Chart: 0-10 is "Extreme Oversold" and is typically seen in strong 'Risk-Off' market conditions, and can be indicative of when [...]

Stock Market Oscillator Update

2024-06-01T15:54:28-04:00June 1, 2024|

Today's Reading for 5/31/24: 58.72 Current Reading: Neutral Additional Notes: A wild and hard reversal in the afternoon across the indices, while SMO provided a modest bounce as well, but does little to change the current trajectory of the oscillator. Interpreting the Chart: 0-10 is "Extreme Oversold" and is typically [...]

Stock Market Oscillator Update

2024-05-30T22:07:46-04:00May 30, 2024|

Today's Reading for 5/30/24: 53.48 Current Reading: Neutral Additional Notes: The divergences in this indicator is starting to play out some in equities. PCE tomorrow will likely have a strong impact on this indicator. Interpreting the Chart: 0-10 is "Extreme Oversold" and is typically seen in strong 'Risk-Off' market conditions, [...]

Stock Market Oscillator Update

2024-05-29T21:49:30-04:00May 29, 2024|

Today's Reading for 5/29/24: 55.22 Current Reading: Neutral Additional Notes: The fact that the SPY and Nasdaq are right at their all-time highs, with the latter making new closing all-time highs just yesterday, highlights a very concerning rating change on this oscillator. This is a major divergence underway. Interpreting the [...]

Stock Market Oscillator Update

2024-05-29T01:04:46-04:00May 29, 2024|

Today's Reading for 5/28/24: 63.97 Current Reading: Tilting Bullish Additional Notes: Practically unchanged from Friday, which matches the market vibe as a whole today as volume was anemic and there was little to no action to be had from attempting to trade the market. Interpreting the Chart: 0-10 is "Extreme [...]

Stock Market Oscillator Update

2024-05-25T17:56:28-04:00May 25, 2024|

Today's Reading for 5/24/24: 64.00 Current Reading: Tilting Bullish Additional Notes: Small bounce on the SMO following a notable drop over the previous two trading sessions. But it doesn't put to bed the concerns that arose Wednesday and Thursday from last week. Interpreting the Chart: 0-10 is "Extreme Oversold" and [...]

Stock Market Oscillator Update

2024-05-23T17:50:35-04:00May 23, 2024|

Today's Reading for 5/23/24: 62.39 Current Reading: Tilting Bullish Additional Notes: Huge move and reversal today on the SMO, seeing over a 10 point drop - very rare, and it is eerily similar to the one that kicked off the April sell-off. In just two days, this reading has gone [...]

Stock Market Oscillator Update

2024-05-23T08:24:32-04:00May 23, 2024|

Today's Reading for 5/22/24: 73.00 Current Reading: Tilting Bullish Additional Notes: Slight pullback on the SMO, which happened right where the previous highs were achieved back in March. A number of divergences popping up though creating some concern for equities. Careful at these levels here, as a pullback in equities [...]

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