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: 19% (Day #8 of the current oversold period). VIX Status: 32. General (Short-term) Trading Call: Only add … Read more
(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) The relief rally for the U.S. dollar that I expected after the S&P downgrade of U.S. government debt did not materialize last week. {snip}…The dollar gained 1.6% over the franc BUT not until after 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: 13% (Day #7 of the current oversold period). VIX Status: 36 General (Short-term) Trading Call: Only add … Read more
(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) Apparently, the Federal Reserve cannot print money quite fast enough. On Monday, August 8, the S&P 500 priced in terms of gold finally broke the March, 2009 lows. Source: stockcharts.com (Note that the ratio of … 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: 11% (Day #6 of the current oversold period). VIX Status: 39. General (Short-term) Trading Call: Only add … 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: 9.6% (Day #5 of the current oversold period). VIX Status: 43 (2nd highest close of oversold period). … Read more
Anytime after the March, 2009 lows, if you had asked me which stock or stocks would break those lows within the next three years, Cisco (CSCO) would have been one of the furthest names from my mind. And yet, Tuesday (Aug 9), CSCO closed just 2% above its closing and intraday March, 2009 low. When … 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: 7.5% (Day #4 of the current oversold period). VIX Status: 38. General (Short-term) Trading Call: Finish building … 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: 6.5% (Day #3 of the current oversold period). VIX Status: 48. General (Short-term) Trading Call: Close most … 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: 11% (Day #2 of the current oversold period). VIX Status: 32. General (Short-term) Trading Call: Close most … Read more