ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
(This is an excerpt from an article I published on Seeking Alpha. Click here to read the entire piece.) {snip} Now that May, 2011 has closed down 1.4%, it seems like a good time to take yet another perspective on May’s legendary selling. This time I wondered whether May’s performance says anything about trading for … 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.) T2108 Status: 51% and Neutral General Trading Call: Hold. Commentary T2108 jumped to 51% today. The week close as I expected it would. From the T2108 update on Wednesday: “Notice that … 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.) T2108 Status: 41% and Neutral General Trading Call: Hold. Commentary T2108 drifted upward to 41% and out of my downside target range of 30-40%. While my bias remains that this trading … Read more
(This is an excerpt from an article I published on Seeking Alpha. Click here to read the entire piece.) As I feared would eventually happen, LPS sliced right through support and made fresh two-year lows. On Tuesday, LPS closed down 3.6% on a third straight day of heavy selling volume. *Chart created using TeleChart: Put … 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.) T2108 Status: 39% and Neutral General Trading Call: Cover a few shorts, identify a few longs, otherwise hold. Commentary T2108 dripped down to 39% and is now officially within my downside … 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.) T2108 Status: 41% and Neutral General Trading Call: Hold. Commentary T2108 plunged to 41%, essentially hitting my downside target range of 30-40% when it dipped to 39% and change at one … Read more
(This is an excerpt from an EXTENSIVE article I published on Seeking Alpha. Click here to read the entire piece.) Just when you thought solar earnings could not disappoint the market any further…{snip}…LDK provided a pre-announcement that contained the news that the company canceled a debt offering because interest rates are higher than expected. This … 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.) T2108 Status: 51% and Neutral General Trading Call: Hold. Commentary T2108 dropped back to 51%, suggesting that a trip to the 30-40% range remains in sight over the next week or … 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.) T2108 Status: 54% and Neutral General Trading Call: Hold. Commentary T2108 jumped 7.5 percentage points from yesterday’s 46% level. As expected, conditions were ripe for a bounce given T2108 had dropped … 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.) T2108 Status: 46% and Neutral General Trading Call: Cover some shorts. Commentary T2108 is just below April’s low of 47%. Given the S&P 500 is straddling critical support at the 50DMA … Read more