T2108 Update (August 3, 2012) – Incipient Rally Strengthens, Raising the Bar On Bearish Trades

(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: 71.8% (first day of … Read more

T2108 Update (August 2, 2012) – Fade Continues

(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: 58.8% (first day of … Read more

T2108 Update (August 1, 2012) – Overbought Period Ends As Breakout Wavers

(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: 65.3% (first day of … Read more

Chart Review: As Expected, Apple Fills Post-Earnings Gap – Waiting Now For Bullish Breakout

Apple (AAPL) filled last week’s post-earnings gap in just four days. As discussed in “Apple’s Important Macro And Forex Calls And Likely Post-Earnings Recovery,” AAPL’s historical performance suggested a near certainty that this gap would get filled BEFORE the next earnings report. I gave a 50/50 chance on whether the gap would get filled in … Read more

The Bouncing British Pound Threatens A Breakout

(This is an excerpt from an article I originally published on Seeking Alpha on July 29, 2012. Click here to read the entire piece.) I started with a bullish strategy to trade the British pound against the U.S. dollar (FXB) after fiscal and monetary authorities rallied to airlift more liquidity into the economy. It worked … Read more