The Japanese Yen Flashes Red for 2016

Trading is off to a rough start in the new year. China kicked off the fireworks for 2016 with a trading halt. From Bloomberg: “The worst-ever start to a year for Chinese shares triggered a trading halt in more than $7 trillion of equities, futures and options, putting the nation’s new market circuit breakers to … Read more

Doubling Down on the United States Oil ETF While Oil-Related Names Gain A Reprieve from Calamity

The trade on a rangebound United States Oil (USO) is now failing (see “The Commodities Crash Accelerates: Scenarios for Trading Oil” for a description). Oil has continued its collapse past the historic 2009 lows and has helped to drive USO to fresh all-time lows. Source: US. Energy Information Administration, Crude Oil Prices: West Texas Intermediate … Read more

T2108 Update (December 23, 2015) – A Timely Bounce for the S&P 500

(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 Update (December 18, 2015) – A Challenging Setup for the Santa Claus Rally

(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 Update (December 11, 2015) – Oversold But Dangerous

(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

How to Trade the Euro After the “Draghi Drubbing”

(This is an excerpt from an article I originally published on Seeking Alpha on December 7, 2015. Click here to read the entire piece.) Mario Draghi, President of the European Central Bank (ECB), apparently decided not to follow the now well-established playbook for steering markets nearly perfected by the Federal Reserve: Guide the market to … Read more

T2108 Update (December 8, 2015) – A Mild Down Day Hides Expanded Market Weakness

(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 Update (December 3, 2015) – The Draghi Drubbing Drives Follow-Through Selling

(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

Follow-Up to Some Bullish Solar Setups

Almost two weeks ago, I described some bullish setups on solar stocks. Here is a quick update on those setups and related trades. First Solar (FSLR) FSLR is a picture-perfect setup from 200-day moving average (DMA) support. I sold my call options into the rally that stalled a little on the shortened trading day on … Read more

Some Bullish Solar Stock Setups

November 16, 2015 was a strange trading day as U.S. stock markets rallied in the wake of the horrific terrorist attacks in Paris. There were really big moves in even some big cap stocks. The S&P 500 (SPY) reversed all of its losses on Friday and then some. This is the strong and supportive context … Read more