T2108 Update – July 21, 2011

(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.) T2108 Status: 69%. VIX Status: 17.6. General (Short-term) Trading Call: Hold. Start identifying new shorts. Commentary I am pretty surprised to see T2108 right back to the edge of overbought levels. … Read more

links for 2011-07-21

Fewer verbs and nouns in financial reporting could predict stock market bubble, study shows When the language used by financial analysts and reporters becomes increasingly similar the stock market may be overheated, say scientists. (tags: bubbles stock_market trading_strategy)

T2108 Update – July 20, 2011

(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.) T2108 Status: 59%. VIX Status: 19.0. General (Short-term) Trading Call: Hold. Commentary T2108 inched closer to overbought territory moving from 56% to 59%. The S&P 500 closed flat. An unexciting day. … Read more

T2108 Update – July 19, 2011 (Bears Losing Their Advantage)

(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.) T2108 Status: 56%. VIX Status: 19.2. General (Short-term) Trading Call: Hold. Commentary T2108 soared today from 42% to 54% and completely erased yesterday’s losses. The S&P 500 jumped 1.6%. The previous … Read more