ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag.) T2108 Status: 53% VIX Status: 31 General (Short-term) Trading Call: Hold. Commentary The bullish vibes continue in the stock … Read more
This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) This morning (October 12), I sold my shares in AMR Corporation (AMR), owner of American Airlines. As I explained October 4, AMR was a trade on bankruptcy panic where sellers dump shares first and ask … Read more
At the end of September, I posted a chart review suggesting that while Netflix (NFLX) had reached the original $110 downside target, more downside was to come. The stock proceeded to bounce on a small relief rally that hit a brick wall at resistance. This brick wall was so strong that in the same day, … Read more
I thought I had written my last piece on Evergreen Solar when it filed for bankruptcy in August. Perhaps this one will truly be the last. On October 11, Hilco Industrial, a company that provides industrial capital asset acquisition and disposition services, announced that a bankruptcy judge has granted the company permission to auction off … Read more
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag.) T2108 Status: 41% (UP 20 percentage points!!!) VIX Status: 33 (FINALLY drops below its 50DMA!) General (Short-term) Trading Call: … Read more