T2108 Update (October 22, 2015) – A Euro-Inspired Reversal 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 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 Update (October 21, 2015) – A Stock Market Close Enough to Overbought?

(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

The Mysterious Plunge in Eros International

On October 13, 2015, Eros International, Plc (EROS), a major distributor and producer of Indian entertainment, held its inaugural Investor Day. The stock has been plunging ever since. Source: FreeStockCharts.com I have been tracking this stock ever more closely since the first big drop. I enjoy Bollywood flicks, Bhangra, and Indian pop music, so I … Read more

T2108 Update (October 8, 2015) – The S&P 500 Continues A Strong Run Toward Overbought Conditions

(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 Update (October 2, 2015) – Oversold Period Ends and Leaves Behind Important Retest Of Lows

(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 Update (September 28, 2015) – Oversold Part 3: Sellers Take Control And Reset My Targets

(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 Update (September 25, 2015) – Stock Market Skirts Oversold Conditions As IBB Plunges On Record Volume

(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 Update (September 17, 2015) – The Fed Helps Bring the Market Closer to A Major Breakout

(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

There Goes the Rio Tinto “Exit Strategy”

(This is an excerpt from an article I originally published on Seeking Alpha on September 8, 2015. Click here to read the entire piece.) Under pressure from investors, Glenore Plc (GLNCY), the world’s largest corporate player in the commodities market, recently announced a plan to slash as much as $10.2B in debt by offering additional … Read more

Solar City’s 2014 Low Has Behaved Like A Critical Pivot Point

The solar industry has taken an extra hard beating in the wake of the market’s general sell-off. Solar City (SCTY) has caught my interest because the stock has exhibited a clear pattern during this sell-off: a pivot around the 2014 low. Solar City’s primary trading range extended back to late 2014. If I could extend … Read more