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]. 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: 27.6% VIX Status: 22.0% … Read more
On Friday, May 4, Apple, Inc. (AAPL) essentially filled its post-earnings gap up. It took another week for AAPL to retest support that had held in the days before earnings. The selling into that test formed a downtrend in April that Apple has yet to shake. This downtrend has been so persistent that Apple has … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on May 11, 2012. Click here to read the entire piece.) On April 19th, natural gas (UNG) reached a 10-year low at $1.907/mmBtu. This week, natural gas traded to a two-month high, the largest and longest-lasting move higher in a very, long … Read more
(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: 35% VIX Status: 19.9% … Read more
A little over a week ago, I pointed out that shorts are increasing along with a drop in the put/call ratio on J.C. Penney Company (JCP). At the time, I said that I was done buying puts on JCP. Since then, I decided to buy calls. The stock is now bouncing off 200DMA support. It … Read more