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]. 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
A week ago, I wrote “Simple Reasons to Like IBM Despite the Headwinds.” As I feared/suspected at the time, sellers stepped in at an important resistance level. In four quick days, International Business Machines (IBM) dropped like a rock and retested presumed support from the announced expansion of the buyback. I thought I would have … 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
Yikes. Today was a particularly ugly day for Apple (AAPL) fans and bulls. The stock followed through on weakness from last week’s product event with a MAJOR bearish breakdown below critical support at the 50 and 200-day moving averages (DMAs). This also takes AAPL below its “Icahn support.” (Nightly Business Report blamed news of a … Read more