ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
On Friday, July 17, 2015, the U.S. dollar index (UUP) closed just below the short-term downtrend in place since it made a multi-year high in March. And for those who fear a strong dollar is bad for the U.S. economy, or at least the stock market, the S&P 500 (SPY) is apparently out to prove … Read more
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are likely to reverse. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades are … Read more
In previous posts, I have pointed to the charts of Google (GOOG) and Amazon.com (AMZN) as very bullish setups. Google has alternated between vindication and disappointment as a big breakout in March eventually gave way to a choppy slide below a declining 50-day moving average (DMA). Amazon.com (AMZN) has slowly boiled since earnings in late … Read more
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are likely to reverse. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades are … Read more
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are likely to reverse. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades are … Read more