ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
As promised, here is a cornucopia of charts. To me, this is still just a small sample of the very enticing and intriguing charts popping up everywhere as more evidence builds that some kind of top is getting printed in the stock market. In particular, note my selection of momentum charts that are wobbling, weakening, … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on January 21, 2014. Click here to read the entire piece.) Intuitive Surgical (ISRG) recently caught my attention again. The maker of the da Vinci® Surgical System has experienced a tumultuous week or more of trading leading up to and following a … 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 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 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
(This is an excerpt from an article I originally published on Seeking Alpha on December 23, 2013. Click here to read the entire piece.) {snip} MODN started publicly trading in March of this year, but it did not catch my attention until it fell a gut-wrenching 32% on September 10th after a disastrous update on … Read more
The market continues to throw up a lot of interesting charts, particularly on the bullish side. This chart review takes a quick look at Shutterfly (SFLY), BlackBerry (BBRY), Weight Watchers (WTW), Peabody Energy (BTU), and the Australian dollar (AUD/USD or FXA). SFLY just reported earnings, and the market clearly loved it. The stock printed a … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on December 25, 2012. Click here to read the entire piece.) In the summer of 2011, I started a series called the “Commodity Crash Playbook” designed to take advantage of the bargains created from what, at that time, seemed to be a … Read more
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag.) T2108 Status: 19% (Day #10 of the current oversold period). VIX Status: 32 General (Short-term) Trading Call: Only add … Read more
At this point, everyone should be used to looking at charts of stocks and indices that look like they are topping out, many in climactic fashion (click here for a review of Caterpillar; click here for a review of Intel). Add healthcare stocks to the growing list. Specifically, the Health Care Select Sector SPDR ETF, … Read more