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]. It helps to identify extremes in market sentiment that are highly 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 … Read more
(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 highly 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 … Read more
Goldman Sachs (GS) has been on a tear lately. Since breaking out on September 5th, the stock is up about 11%. The first three days of the breakout move featured strong volume, above the moving 90-day average. GS is now challenging a major resistance area formed by a head and shoulders type pattern from 2012’s … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on July 24, 2012. Click here to read the entire piece.) I have been trying to create a shopping list of stocks for any sell-offs in the next month or so as plays on trading the final months going into November’s presidential … Read more
JPMorgan Chase (JPM) began the week with all of its gains for 2012 erased in the wake of news of its hedging losses. JPM ended the week in the same place after having dropped as much as another 3.9%. The brief rally from the lows carried strong buying volume. This action looks like a temporary … Read more