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]. It helps to identify extremes in market sentiment that are likely to reverse. 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 … Read more
I thought Google (GOOG) was “finished” when it broke through 200-day moving average (DMA) support. I next noticed the importance of a bounce from 200DMA resistance turned support but failed to make the trade. The stock barely paused at 50DMA resistance and formed an impressive breakout that ended with a new post-earnings high. However, as … Read more
When Nomura upgraded Twitter (TWTR) on May 28th to a “buy” with a $43 price target, the subsequent bounce that sent the stock up 10.7% on the day had all the appearances of a convincing bottom. The stock had previously drifted lower for two weeks to create a “soft” retest of all-time lows. Earlier analyst … Read more
Trading in Apple is likely to make a notable change in the coming weeks and months. The Apple Worldwide Developers Conference (WWDC) begins June 2nd. According to my analysis of trading around the WWDC since 2000, traders treat this event as a “buy the rumor, sell the news” kind of event (see “Buy The Rumor, … Read more
(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. 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 … Read more