ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
(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: 37% and Neutral. General Trading Call: Hold. Cover some shorts. Commentary Looks like my switch back to bearish expectations proved timely as T2108 dropped to 37% and back into … 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: 42% and Neutral. General Trading Call: Hold. Identify some shorts to cover. Commentary Given that today was the stock market’s worst performance since August of last year, I should … Read more
(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