T2108 Update (January 28, 2016) – Full Bull While Peering Over the Edge of An Extended Oversold Period

(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 (January 26, 2016) – Rally or Regress: A Fed-Inspired Binary Trade

(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

The Canadian Dollar’s Rapid Devaluation: A Precarious Predicament for the Bank of Canada

A year ago, the Bank of Canada (BOC) delivered the first of two rate cut surprises for the year. So with oil still cratering ever lower, I can understand why the market seemed braced for yet another rate cut last week. Instead, the BOC not only stood still on rates, but also it expressed an … Read more

Cocoa, A King Among Commodities, Finally Gives Way to A Ripe Buying Opportunity

I last wrote about cocoa in July, 2015 in a piece called “Even Cocoa Starts to Waver In the Face of the Collapse In Commodities.” I wrote that iPath Bloomberg Cocoa SubTR ETN (NIB) had met my price target for selling, and I awaited my next entry point. I passed up two subsequent dips, but … Read more

T2108 Update (January 20, 2016) – A Second Epic Oversold Period Over the Past Five Months

(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