8 Minute Read

Tackle Today: Uptrends are Expanding

August 16, 2022

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«Breadth is improving.»

Traders,

With Friday’s powerful punch into the weekend, stocks topped off their fourth up week in a row. Not that you asked, but stocks were up again on Monday even after gapping down. The bid beneath the surface remains alive and well. Here’s another impressive stat. The relentless rally has now officially pulled more than 90% of stocks in the S&P 500 above their 50-day moving averages.

This isn’t bearish.

It’s a sign that breadth, or participation, is increasing, and historically has been a hallmark of bull markets, not bears. See the Chart of the Day below.

Meanwhile, implied volatility has sunk to the basement suggesting fear has left the building. If you’re still a bear you might be holding your charts upside down.


Video Of The Day: Gino’s Gems – Choosing Your Options Trading Strategy #tradinghacks

Coach Gino teaches how to choose your options trading strategy in today’s Gino’s Gems.


Chart of the Day: 90% of Stocks in Uptrends

Chart of the Day: 90% of Stocks in Uptrends

Add this to your list of things not bearish.


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Today’s line up

Traders Lounge 11 AM EST

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The Coaches Show 8:30 PM EST

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Halftime Report 12:30 PM EST

The Halftime Report starts at 12:30 EST and covers what news is driving the market, chart analysis from the movers and shakers of the day, and fun in a way that only Matt and Tim can deliver.


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