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-related trades and other trades are posted on twitter using the #120trade hashtag) T2108 Status: 20.0% (Day #3 of … Read more
On May 20, I wrote “How To Play The End Of Google’s ‘Nine Lives’ Around $600” where I outlined the technical case for Google (GOOG) finally breaking through $600 support. It turned out to be quite timely. With the stock now trading below the 200-day moving average (DMA) for the first time since last October, … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on June 1, 2012. Click here to read the entire piece.) {snip} …U.S. nonfarm payrolls greatly disappointed markets and quickly put the dollar into general disfavor the rest of the day. Even the oversold euro rallied against the U.S. dollar (FXE). Interestingly, … Read more
This post is a supplement to my extensive T2108 Update for June 1, 2012. T2108 is the percentage of stocks trading above their 40-day moving average. I use it to determine oversold and overbought extremes in the market. The percentage of stocks trading above their 200DMAs, also known as T2107 to users of FreeStockCharts.com, is … 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-related trades and other trades are posted on twitter using the #120trade hashtag) T2108 Status: 18.6% (Day #1 of … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on May 31, 2012. Click here to read the entire piece.) The SPDR S&P Homebuilders ETF (XHB) has remained amazingly resilient during the stock market’s latest rendition of the “sell-in-May” swoon. {snip} Source: FreeStockCharts.com I believe this trading action is consistent with … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on May 31, 2012. Click here to read the entire piece.) {snip} Since a spate of heavy call buying in February, short interest has taken a fresh plunge. It has now returned to levels last seen right before foreclosuregate exploded. Source: NASDAQ.com … 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-related trades and other trades are posted on twitter using the #120trade hashtag) T2108 Status: 24.4% (Last oversold period … Read more
For only the second time in its nine days as a publicly traded company, Facebook (FB) closed at a higher price than the high of the previous day. Sure, it is only a few pennies. But for a stock getting sold nearly non-stop since its IPO, this counts as progress. More importantly, FB printed a … Read more
Two weeks ago, the iShares MSCI Spain Index Fund ETF (EWP) finally broke through its 2009 lows. Today, at the time of writing, EWP has plunged into nine-year lows, and is sinking fast. Charts like these remind us of the financial peril facing Europe right now. Source: FreeStockCharts.com In the latest news, the European Commission … Read more