Over the last 12 months, most efforts to hedge against U.S. stock risk have proven to been an exercise in disappointment. And that’s if you merely chose milder forms of hedging, such as losing dollars with numerous put options or losing opportunity with excess cash.

Traders should still consider a stock’s individual merits and technical condition even when the general market is pointing decisively in a given direction.

While most of the financial media focuses on how the U.S. jobs report presumably drove a major recovery in the indices, last week was all about oversold trading conditions.

Yesterday, the market has swung back into a danger zone.

Market conditions turned a bit ominous at the close of trading on Wednesday, September 3rd.

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 likely to reverse.