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 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
This is a chart review I should have written during the day Monday or at least Monday night. The drama could not be much higher immediately ahead of January earnings, and the stock is throwing up important trading signals. Apple (AAPL) gapped down on Monday morning and closed with a 3.5% loss on very heavy … Read more
In “A Trading Plan For Herbalife: A Pullback Likely Before A New Trading Range“, I used options trading and presumed resistance at the 50-day moving average (DMA) to estimate that this week would finally mark a pullback in Herbalife (HLF) shares. Instead, HLF punched right through 50DMA resistance on Monday (Jan 14) and in just … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on January 3, 2013. Click here to read the entire piece.) A little over a week ago, I wrote optimistically that Skullcandy (SKUL) could make 2013 a comeback year. Those hopes were dashed right at the gate of the new year as … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on December 24, 2012. Click here to read the entire piece.) In early October, I ended the trade in Skullcandy (SKULL) playing a bounceback from Morgan Stanley’s devastating downgrade, but noted I would remain a buyer on dips (see “Skullcandy Recovers Losses … Read more