All-Time High Stocks: Market update

Uptrends across the board for equities, which are getting overbought though they haven't reached extreme levels yet. The majority of stocks (51%) are below their 200-day moving average which is still bearish, but the Hi/Lo ratio favors the upside on all timeframes. There has been weakening in the US Dollar and Bonds, but Gold is holding up.

Trend Direction by Broad Index 15-Sep-2010 (31-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	UP (down)	UP (down)	UP (down)	UP (down)
SPY S&P500	UP (down)	UP (down)	UP (down)	UP (down)
IWM Russell 2000	UP (down)	UP (down)	UP (up)	UP (down)
EWC Canada	UP (flat)	UP (down)	UP (flat)	UP (flat)
EFA MSCI EAFE	UP (down)	UP (down)	FLAT (down)	UP (down)
FXI China	UP (down)	UP (down)	FLAT (down)	UP (down)
GLD Gold	UP (up)	UP (up)	UP (up)	UP (up)
UUP US Dollar	DOWN (up)	DOWN (flat)	UP (up)	FLAT (flat)
TLT US Long Bonds	DOWN (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 16-Sep-2010
Period	New Highs	New Lows	Hi vs Lo	Hi/Lo Ratio
20 day¹	124	23		5.4
50 day¹	70	18		3.9
52 week¹	26	11		2.4
All-Time stocks only²	77	18		4.3
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 16-Sep-2010
Level	Overbought	Oversold	Overbought vs Oversold	OB/OS Ratio
Mild RSI(14)=60 vs 40	1614	357		4.5
Moderate RSI(14)=70 vs 30	330	69		4.8
Extreme RSI(14)=80 vs 20	45	8		5.6
Ridiculous RSI(14)=90 vs 10	3	1		3.0
¹ Out of 5077 US Stocks on FINVIZ

US Stocks in Relation to their Moving Averages 16-Sep-2010

Worden's T2108 on 15-Sep-2010 = 75.6

Trend Direction by Sector 15-Sep-2010 (31-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	UP (down)	UP (down)	UP (up)	UP (flat)
XLP Consumer Staples	UP (down)	UP (down)	UP (flat)	UP (flat)
XLE Energy	UP (down)	UP (down)	FLAT (down)	FLAT (down)
XLF Financial Services	UP (down)	UP (down)	FLAT (down)	FLAT (down)
XLV Health Care	UP (down)	UP (down)	FLAT (down)	UP (down)
XLI Industrial	UP (down)	UP (down)	UP (up)	UP (down)
RWR US Real Estate	UP (flat)	UP (flat)	UP (up)	UP (up)
RWX Intl Real Estate	UP (flat)	UP (up)	UP (flat)	UP (up)
XLK Technology	UP (down)	UP (down)	FLAT (down)	UP (down)
IYZ Telecom	UP (flat)	UP (up)	UP (up)	UP (up)
XLU Utilities	UP (flat)	UP (up)	UP (up)	UP (up)
Trend in parentheses is from 10 trading-days ago SMA = Simple Moving Average, EMA = Exponential Moving Average