All-Time High Stocks: Market update

The major indices still have a mix of up and down-trends depending on the timeframe, but what is most interesting is that every sector-ETF had a trend upgrade this week vs. a week ago. Well, all except Utilities which are already UP or FLAT on all timeframes. Stocks are more overbought than oversold, but the numbers are yet at levels where a reversal should be imminent. I'm still watching the % above the 200-day moving average to see if it can make its way over 50% for the first time in a long time. It still has work to do.

Trend Direction by Broad Index 08-Sep-2010 (24-Aug-2010)
Index	Slope of 20-day SMA	Slope of 50-day SMA	Slope of 200-day SMA	Slope of 200-day EMA
QQQQ Nasdaq	DOWN (down)	UP (down)	UP (up)	UP (down)
SPY S&P500	DOWN (down)	UP (down)	UP (down)	UP (down)
IWM Russell 2000	DOWN (down)	DOWN (down)	UP (up)	FLAT (down)
EWC Canada	UP (down)	UP (down)	UP (down)	UP (down)
EFA MSCI EAFE	DOWN (down)	UP (up)	DOWN (down)	FLAT (down)
FXI China	DOWN (down)	FLAT (down)	DOWN (down)	UP (down)
GLD Gold	UP (up)	UP (up)	UP (up)	UP (up)
UUP US Dollar	UP (up)	DOWN (flat)	UP (up)	FLAT (flat)
TLT US Long Bonds	UP (up)	UP (up)	UP (up)	UP (up)
Numbers in parentheses are from 10 trading-days ago SMA = Simple Moving Average, EMA = Exponential Moving Average

US Stocks Making New Highs and Lows 09-Sep-2010
Period	New Highs	New Lows	Hi vs Lo	Hi/Lo Ratio
20 day¹	859	139		6.2
50 day¹	413	93		4.4
52 week¹	175	48		3.6
All-Time stocks only²	67	32		2.1
¹ Out of 5077 US Stocks on FINVIZ ² From uglychart.com based on the previous close (funds removed)

US Stocks in Overbought and Oversold Conditions 09-Sep-2010
Level	Overbought	Oversold	Overbought vs Oversold	OB/OS Ratio
Mild RSI(14)=60 vs 40	1037	500		2.1
Moderate RSI(14)=70 vs 30	195	100		2.0
Extreme RSI(14)=80 vs 20	36	10		3.6
Ridiculous RSI(14)=90 vs 10	5	1		5.0
¹ Out of 5077 US Stocks on FINVIZ

US Stocks in Relation to their Moving Averages 09-Sep-2010

Worden's T2108 on 08-Sep-2010 = 68.4

Trend Direction by Sector 08-Sep-2010 (24-Aug-2010)
Index	Slope of 20-day SMA	Slope of 50-day SMA	Slope of 200-day SMA	Slope of 200-day EMA
XLY Consumer Discretionary	FLAT (down)	UP (down)	UP (up)	UP (flat)
XLP Consumer Staples	FLAT (down)	UP (down)	FLAT (flat)	UP (flat)
XLE Energy	FLAT (down)	UP (down)	DOWN (down)	DOWN (down)
XLF Financial Services	FLAT (down)	FLAT (down)	FLAT (down)	FLAT (down)
XLV Health Care	FLAT (down)	FLAT (down)	FLAT (down)	FLAT (down)
XLI Industrial	FLAT (down)	UP (down)	UP (up)	UP (down)
RWR US Real Estate	UP (down)	UP (down)	UP (up)	UP (up)
RWX Intl Real Estate	UP (down)	UP (up)	UP (flat)	UP (up)
XLK Technology	FLAT (down)	FLAT (down)	FLAT (down)	FLAT (down)
IYZ Telecom	UP (down)	UP (up)	UP (up)	UP (up)
XLU Utilities	FLAT (flat)	UP (up)	UP (up)	UP (up)
Trend in parentheses is from 10 trading-days ago SMA = Simple Moving Average, EMA = Exponential Moving Average