T2108 Update (March 18, 2013) – A Quick Review of the History of All-Time Highs

(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 highly 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 … Read more

Cyprus: Low Volatility and Risky Plans

(This is an excerpt from an article I originally published on Seeking Alpha on March 17, 2013. Click here to read the entire piece.) {snip} While it is still far from clear that the risky bailout plan for Cyprus will pass the country’s legislative body – a vote that was scheduled for Sunday has been … Read more

Supply/Demand Imbalances Continue Building in the Housing Market

(This is an excerpt from an article I originally published on Seeking Alpha on February 24, 2013. Click here to read the entire piece.) There were a lot of interesting nuggets in the January existing home sales report from the National Association of Realtors (NAR). The continuing decline in housing inventory has really caught my … Read more

Poor Participation In the Market’s All-Time Highs Drives Caution

I do not pay much attention to the Dow Jones Industrial Average (DIA) and greatly prefer the S&P 500 (SPY) as being more representative of the stock market. However, anyone with a pulse has likely heard or read the breathless headlines about the Dow’s all-time highs. The Dow is now up ten days in a … Read more

Apparent Lack of Negative Sentiment On Apple Makes It Hard to Call A Bottom

(This is an excerpt from an article I originally published on Seeking Alpha on March 6, 2013. Click here to read the entire piece.) In late December, I wrote about negative sentiment growing in Apple (AAPL). Apple has fallen another 100 points since then for a 19% loss, yet, negative sentiment has not grown. In … Read more