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.) T2108 Status: 69%. VIX Status: 17.6. General (Short-term) Trading Call: Hold. Start identifying new shorts. Commentary I am pretty surprised to see T2108 right back to the edge of overbought levels. … 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: 59%. VIX Status: 19.0. General (Short-term) Trading Call: Hold. Commentary T2108 inched closer to overbought territory moving from 56% to 59%. The S&P 500 closed flat. An unexciting 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.) T2108 Status: 56%. VIX Status: 19.2. General (Short-term) Trading Call: Hold. Commentary T2108 soared today from 42% to 54% and completely erased yesterday’s losses. The S&P 500 jumped 1.6%. The previous … 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: 42%. VIX Status: 21.0. General (Short-term) Trading Call: Hold. Commentary T2108 dropped from 54% to 42% as the regularly scheduled selling resumed in the stock market. T2108 remains on … Read more
(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) The management at Research In Motion (RIMM) disappointed this past week as it appears they failed to launch the long-awaited buyback. Who can blame them? It was a week of dour headlines filled with yet … Read more