T2108 Update (July 10, 2013) – Mood Swings

(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

Estimating A 12-Month Range of 0.86 to 1.02 for the Australian Vs. U.S. Dollar

(This is an excerpt from an article I originally published on Seeking Alpha on July 3, 2013. Click here to read the entire piece.) In the past week, we have seen two different views on the Australian dollar (FXA) from official government sources. Last week, the Australian Government Bureau of Resources and Energy Economics (BREE) … Read more

Surging U.S. Dollar and Carney Overwhelm Bullish Underpinnings for the British Pound

(This is an excerpt from an article I originally published on Seeking Alpha on July 8, 2013. Click here to read the entire piece.) Last week was a great week of economic news for the United Kingdom. The apparent economic improvement seems to be unfolding just as Mervyn King seemed to suggest in his final … Read more

T2108 Update (July 5, 2013) – S&P 500 Finally Makes A Breakthrough

(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

A Crescendo Looms for the Australian Dollar Even As Traders Cast About for New Forex Leader

(This is an excerpt from an article I originally published on Seeking Alpha on June 6, 2013. Click here to read the entire piece.) On Monday night (June 4th, Tuesday morning in Australia), the Reserve Bank of Australia (RBA) decided to leave its cash rate steady at 2.75%. The statement contained no new news and … Read more