ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
In previous Apple chart reviews and updates, I have noted the apparent influence of the open interest put/call ratio on the overall bull/bear tone of Apple (AAPL). When the stock last bottomed – between September 16th and 17th – the open interest put/call ratio dropped to a level last seen since, you guessed it, AAPL’s … 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
(This is an excerpt from an article I originally published on Seeking Alpha on September 26, 2013. Click here to read the entire piece.) It has been a week since the Federal Reserve surprised the globe when it backed off from its earlier tough talk about bond tapering. The U.S. dollar index (UUP) plunged in … Read more
This chart review covers the following stocks Apple (AAPL), Amazon.com (AMZN), Best Buy (BBY), Skull Candy (SKUL), Priceline.com (PCLN), Hewlett-Packard (HPQ), and Caterpillar (CAT). Apple (AAPL) In retrospect, last Monday’s plunge now looks like some kind of “manipulation.” The stock plunged 3.2% on no immediate news so the selling looked like follow-through to the previous … Read more
On Monday, I was QUICK to declare “a very bearish breakdown for Apple.” Just two days later, the stock has recovered all of Monday’s huge loss and sits on the cusp of a very encouraging recovery or at the precipice of a renewed sell-off. The stock is neatly perched between its 50 and 200-day moving … 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 highly gap down 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 … Read more
For over two months, I have gained some valuable experience and lessons putting the formalized Apple Trading Model (ATM) into practice. I have experienced two main challenges: 1) balancing the sometimes conflicting messages of the ATM when using different amounts of historical data, and 2) plain old execution. For challenge #1, I have concluded that … 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 highly gap down 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 … Read more
Amazon.com (AMZN) The day after Amazon.com (AMZN) reported earnings, it soared in typical fashion after faking out traders with a lower print. I was able to once again execute the post-earnings AMZN trade successfully. It has been all downhill for AMZN since then. On Tuesday (August 13) the stock finally closed below the intraday low … 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 highly 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 … Read more