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.) T2108 Status: 33%. VIX Status: 23.7 General (Short-term) Trading Call: Hold. Commentary T2108 managed to nudge upward a bit after being at least as low as 29% when the S&P 500 … 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.) T2108 Status: 32%. VIX Status: 25.3 General (Short-term) Trading Call: Cover a few bearish positions. Continue identifying fresh bullish positions. Commentary T2108 barely changed although it was at least as low … 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.) T2108 Status: 33%. VIX Status: 24.0 General (Short-term) Trading Call: Hold. Continue identifying potential bullish positions. Start closing bearish positions on next market sell-off from current levels. Commentary T2108 dropped slightly … 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.) T2108 Status: 36%. VIX Status: 23.0 General (Short-term) Trading Call: Hold. Start identifying potential longs. Commentary Blink and you may have missed it. T2108 just went from invalidating my forecast of … Read more
Commodities continue to exhibit a dichotomy of patterns. Some have made new 52-week (and all-time) highs as they continue to recover from June’s selling. Others, like BAL, the iPath Dow Jones-UBS Cotton Total Return Sub-Index ETN, have continued a strong sell-off. On July 18, the stock gapped down, but buyers immediately closed the gap and … 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.) T2108 Status: 58%. VIX Status: 20.2 General (Short-term) Trading Call: Hold. Commentary T2108 dropped slightly to 58%. The S&P 500 also dropped slightly with a 0.4% loss. Most interesting is 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.) T2108 Status: 61%. VIX Status: 19. General (Short-term) Trading Call: Hold. Commentary T2108 dropped from the margins of overbought territory to 61%. It was a slightly larger drop than I would … Read more
(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) I have not updated my “sentiment” analysis on gold in nine months…{snip}…I think this is a great time to take a fresh look. {snip}…I use Google Trends on the terms “buy gold” and “sell gold” … 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.) T2108 Status: 69%. VIX Status: 17.5. General (Short-term) Trading Call: Hold. Continue identifying new shorts. Commentary OK. Now the stock market is teasing and tantalizing us. T2108 closed at 69% for … Read more
July has continued a healthy recovering from the June lows for many stocks. However, some stocks have remained stuck in stock market purgatory. Today’s chart review shows two examples of this dichotomy. The extra bonus is that the stock in recovery mode, Caterpillar (CAT), has apparently topped while the stock stuck in purgatory, LDK Solar … Read more