T2108 Update (February 16, 2016) – Follow-Through On Oversold Bounce

(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 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 are … Read more

T2108 Update (February 11, 2016) – Oversold and Overwhelmed

(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 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 are … Read more

Rio Tinto Admits Severity of Commodities Collapse By Slashing Dividend

It finally happened. Rio Tinto (RIO), a major producer of commodities like iron ore, has started to back off its generous dividend payout policy. In its latest earnings statement, RIO announced its total dividend for 2015 will come to 215 U.S. cents per share, the same as it paid out in 2014. Over the past … Read more

T2108 Update (February 5, 2016) – The Fallen Ones

(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 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 are … Read more

ConocoPhillips: A Cautionary Tale from the Oil Patch

ConocoPhillips (COP) announced Q4 and full year 2015 financial results on the morning of February 4, 2016. The news included a capitulation to the on-going deterioration of business conditions in the oil patch: COP slashed its dividend by two-thirds: “ConocoPhillips (NYSE: COP) today announced it is taking actions to maintain its strong balance sheet in … Read more