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. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag.) T2108 Status: 61% VIX Status: 28 General (Short-term) Trading Call: Close a few bullish positions in case trading range … Read more
In my T2108 Update on October 5, I asked whether the last bear market would really last just one day (so far, so good!). In that post, I noted that Wynn Resorts Limited (WYNN) had suffered an important breakdown and concluded: “This breakdown swiftly moves WYNN from the bullish camp into the bearish camp. On … 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: 53% VIX Status: 31 General (Short-term) Trading Call: Hold. Commentary The bullish vibes continue in the stock … Read more
At the end of September, I posted a chart review suggesting that while Netflix (NFLX) had reached the original $110 downside target, more downside was to come. The stock proceeded to bounce on a small relief rally that hit a brick wall at resistance. This brick wall was so strong that in the same day, … 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: 41% (UP 20 percentage points!!!) VIX Status: 33 (FINALLY drops below its 50DMA!) General (Short-term) Trading Call: … 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% (2nd day of oversold conditions) VIX Status: 36 General (Short-term) Trading Call: Hold. Commentary T2108 dropped … 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: 21% (2nd day of oversold conditions) VIX Status: 38 General (Short-term) Trading Call: Conservative traders open first … 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: 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