ONE-TWENTY TWO: Trading Financial Markets
Since the year 2000, delivering a different narrative for students and fans of financial markets: stocks, options, currencies, Bitcoin, and 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. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag.) T2108 Status: 18% (2nd day of oversold conditions) VIX Status: 41 (well below 1st day of oversold period) General … 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. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag.) T2108 Status: 15% (1st day of oversold conditions) VIX Status: 45 General (Short-term) Trading Call: Oversold trading rules have … Read more
(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) Two weeks ago, I described a potential pairs trade between Juniper Networks (JNPR) and Cisco Systems (CSCO) based on the ratio of their prices and relative valuations (see “Pairs Trade: Cisco Systems Is Catching Up … 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. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag.) T2108 Status: 22% VIX Status: 43 General (Short-term) Trading Call: Hold Commentary I suppose it is fitting that the … Read more
Like many strong momentum high-tech stocks, Baidu Incorporated (BIDU) has had an incredible run from its 2009 lows. In less than three years, the stock has increased over 16x from around $10 to over $160. Last week, BIDU traded below its 200-day moving average (DMA) for the first time since April, 2009. On Thursday, BIDU … Read more
For six days, Netflix (NFLX) appeared to have printed a bottom at $125. On Thursday, NFLX broke that critical support and plunged 11% to close at a new 52-week low. In the process, the stock also tagged $110 which was a price target established by a bearish analyst at Noster Capital. Unfortunately, Thursday’s action suggests … 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. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag.) T2108 Status: 23% (ends last oversold period at 2 days) VIX Status: 41 General (Short-term) Trading Call: Hold Commentary … 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. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag.) T2108 Status: 32% (ends last oversold period at 2 days) VIX Status: 38 General (Short-term) Trading Call: Hold Commentary … Read more
(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) Since the market swoon began in earnest in August, I have become increasingly interested in the stock market’s reaction to the news of insider buying by company executives. In many cases, I have made the … 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. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag.) T2108 Status: 24% (ends last oversold period at 2 days) VIX Status: 39 General (Short-term) Trading Call: Conservative traders … Read more