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.) T2108 Status: 37% and Neutral. General Trading Call: Hold. Cover some shorts. Commentary Looks like my switch back to bearish expectations proved timely as T2108 dropped to 37% and back into … 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.) T2108 Status: 42% and Neutral. General Trading Call: Hold. Identify some shorts to cover. Commentary Given that today was the stock market’s worst performance since August of last year, I should … Read more
(This is an excerpt from an article I published on Seeking Alpha. Click here to read the entire piece.) {snip} Now that May, 2011 has closed down 1.4%, it seems like a good time to take yet another perspective on May’s legendary selling. This time I wondered whether May’s performance says anything about trading for … Read more
(This is an excerpt from an article I published on Seeking Alpha. Click here to read the entire piece.) I last wrote about Molycorp (MCP) in the middle of its last rally (see “Molycorp Soars After Making A Strategic Acquisition (Transcript)“)…{snip}…After ten days of consolidation below the 50-day moving average (DMA), MCP is finally making … Read more
Do Any Sector ETFs Reliably Lead or Lag the Market? – CXO Advisory In summary, there is little evidence that any equity sector ETFs reliably lead or lag the overall U.S. stock market over the past 12.3 years. Utilities may slightly lag the broad market. (tags: ETF trading_strategy stock_market)