T2108 Update – June 24, 2011

(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: 29% and neutral. VIX Status: 21. General (Short-term) Trading Call: Hold. Commentary When I finally decided to start generating posts dedicated to T2108, I thought I would produce a … Read more

Chart Review: Can RIMM Finally Stake Out A Bottom?

Research In Motion (RIMM) has been locked in a steep downtrend since February and printed its post-recession highs in September, 2009, so it is hazardous to make any upside predictions for the stock (for example, “Judgment Day for Research In Motion Could Yield Upside Surprise“). However, I could not resist making the observation that RIMM … Read more

T2108 Update – June 23, 2011

(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: 29% and neutral. VIX Status: 19. General (Short-term) Trading Call: Hold. Commentary If you only looked at the final tally, you would miss 90% of the story in today’s … Read more

T2108 Update – June 22, 2011

(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: 30% and neutral. VIX Status: 19; below last oversold period General (Short-term) Trading Call: Hold (or lock in some profits to allow you the comfort to continue holding remaining … Read more

T2108 Update – June 21, 2011

(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% and neutral. VIX Status: 20; completely erased all gains from the oversold period. General (Short-term) Trading Call: Hold (or lock in some profits to allow you the comfort … Read more

T2108 Update – June 20, 2011

(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: 25% and neutral. VIX Status: 20; reversed gains from the last day of last oversold period. General (Short-term) Trading Call: Hold. Commentary T2108 rose slightly to 25% on another … Read more

T2108 Update – June 17, 2011

(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: 21% and neutral (ending 2 days of oversold conditions). VIX Status: 22; higher than the start of last oversold period (19). General (Short-term) Trading Call: Hold, assuming trading longs … Read more

Chart Review: AAPL, EWZ, EWA

The stock market is oversold, so I am hunting for bullish setups in the charts. Apple (AAPL), the iShares MSCI Brazil Index Fund ETF (EWZ), and the iShares MSCI Australia Index Fund ETF (EWA) are a few of the charts that have caught my interest. Apple (AAPL) plunged through dual supports and bounced right back … Read more

T2108 Update – June 16, 2011

(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: 19% and day #2 of the current oversold period. VIX Status: 23; the max intra-day high occurred on day #2 of the oversold period, 14% above the highs from … Read more