The Euro’s Latest Breakdown Takes It To the Edge of A Larger Sell-Off

On Thursday night, May 21st, I observed the daily chart of the euro (FXE) and concluded it was ready for the next swoosh downward against the U.S. dollar. I posted this opinion on Stocktwits coincidentally at the same time someone else posted the exact opposite opinion. Source: StockTwits.com As it turned out, we were both … Read more

T2108 Update (May 15, 2015) – Chopped Into Another Marginal All-Time High

(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 (May 5, 2015) – Broken Record: Chopfest Continues

(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 (April 23, 2015) – Almost Overbought AGAIN: The NASDAQ All-Time Closing High Edition

(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 (March 26, 2015) – S&P 500 Reverses Post-Fed Gains – Waiting On Oil and Gold to Follow

(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 (February 10, 2015) – The S&P 500 Trades Back to the Top of Its Chopping Range

(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

A Reduction in the Speculative Sparkle for the Oil Trades

I am extending a hat tip to a friend who sent the following Seeking Alpha news alert on what must be the most bearish prediction on oil out there from a major analyst…. “The recent surge in oil prices is just a ‘head fake’ and West Texas crude as cheap as $20/bbl may soon be … Read more

T2108 Update (February 6, 2015) – Almost Overbought…Again

(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 (January 30, 2015) – Volatility Hangs Tough for January

(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 (January 22, 2015) – Return of the Stock Market’s Soothing Salve

(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