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

T2108 Update (September 8, 2015) – A Historic Oversold Period Ends While Buyers Still Hold the Burden of Proof

(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 2, 2015) – Topping Action for Volatility

(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 (August 28, 2015) – The Stock Market Remains Oversold, But It’s Almost Like Nothing Happened

(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

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