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: 42% and Neutral. General Trading Call: Hold. Identify some shorts to cover. Commentary Given that today was the stock market’s worst performance since August of last year, I should … Read more
(This is an excerpt from an article I published on Seeking Alpha. Click here to read the entire piece.) {snip} Now that May, 2011 has closed down 1.4%, it seems like a good time to take yet another perspective on May’s legendary selling. This time I wondered whether May’s performance says anything about trading for … Read more
(This is an excerpt from an article I published on Seeking Alpha. Click here to read the entire piece.) I last wrote about Molycorp (MCP) in the middle of its last rally (see “Molycorp Soars After Making A Strategic Acquisition (Transcript)“)…{snip}…After ten days of consolidation below the 50-day moving average (DMA), MCP is finally making … 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: 62% and Neutral. General Trading Call: Hold. Commentary T2108 jumped to 62%, firmly confirming that the downward cycle for T2108 has ended. T2108 dipped into my downside target of … Read more
(This is an excerpt from an article I published on Seeking Alpha. Click here to read the entire piece.) The latest short interest data are out for the two weeks ending May 13, 2010 (see list of solar short interest at NASDAQ.com). There are three main changes from my review of the health of solar … Read more