T2108 Update (October 18, 2013) – In the Wake of Fiscal Fiddling, FINALLY Overbought

(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

Prepared to Buy Homebuilders Even As Housing Pause Reawakens Some Short Interest

(This is an excerpt from an article I originally published on Seeking Alpha on September 29, 2013. Click here to read the entire piece.) {snip} Source: St. Louis Federal Reserve Homebuilder stocks joined most rate-sensitive plays by falling sharply from their lofty levels once the direction and momentum of rates became clear. {snip} I consider … Read more

T2108 Update (October 3, 2013) – Support Weakening?

(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

Rate Cut Expectations Increase After Reserve Bank of Australia October Policy Decision

(This is an excerpt from an article I originally published on Seeking Alpha on October 2, 2013. Click here to read the entire piece.) Financial markets expected no rate cut from the Reserve Bank of Australia (RBA), and they got no rate cut. However, for whatever reason, expectations for a rate cut for the November … Read more

T2108 Update (October 1, 2013) – Shutdown Shout Out: S&P 500 Bounces Off Support As Overbought Looms Again

(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