T2108 Update (May 9, 2012) – Overbought Conditions Extend Further As Currencies Flash Major Signals

(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 Update (April 26, 2013) – Burden of Proof Shifts to the Bulls

(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

The Reserve Bank of Australia Marginally Concedes To A Brighter Outlook

(This is an excerpt from an article I originally published on Seeking Alpha on April 4, 2013. Click here to read the entire piece.) For many months, the Reserve Bank of Australia has been rolling out the same story of a peak in commodity prices, resource investment, and terms of trade. This month’s monetary policy … Read more

The Reserve Bank of Australia Explains the Link Between the Currency and Interest Rates

(This is an excerpt from an article I originally published on Seeking Alpha on February 25, 2013. Click here to read the entire piece.) On February 22nd, Reserve Bank of Australia (RBA) Governor Glenn Stevens spoke with the Australian House of Representatives Standing Committee on Economics. {snip} In his opening statement, Stevens delivered a nice … Read more

Pound vs Euro – Debt Downgrade Vs GDP Downgrade

(This is an excerpt from an article I originally published on Seeking Alpha on February 25, 2013. Click here to read the entire piece.) Shortly after U.S. trading closed on Friday, February 22nd, Moody’s downgraded UK debt one notch from Aaa to Aa1 with a stable outlook. This downgrade is a natural extension of the … Read more

T2108 Update (April 17, 2013) – S&P 500 Retests 50DMA and Other Positive Signs Even As Apple Drops Into the Red Zone

(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 Update (April 15, 2013) – Quasi-Oversold After A Chaotic Day

(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

Poor Canadian Employment Numbers Bring Real Estate Back In Focus

(This is an excerpt from an article I originally published on Seeking Alpha on April 5, 2013. Click here to read the entire piece.) {snip} This decline in USD/CAD abruptly ended today with a very poor Canadian employment report that was well below expectations. The unemployment rate ticked up from 7.0 to 7.2% as the … Read more

T2108 Update (April 3, 2013) – A New Beginnnig for T2108

(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 Weakening Canadian Economy Needs A Weaker Currency

(This is an excerpt from an article I originally published on Seeking Alpha on Feb 24, 2013. Click here to read the entire piece.) {snip} Source: FreeStockCharts.com {snip} In 2012, the yield curve for Canadian government bonds flashed a major warning signal. In particular, the gap between 2-year and 5-year bond yields fell dramatically from … Read more