T2108 Update (January 25, 2017) – A Bullish S&P 500 Breakout Meets A Bearish VIX Breakdown

(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

The Housing Market Faces Down Its First Trump Era Headwind

On January 9, 2017, the Federal Housing Authority (FHA), run by the Department of Housing and Urban Development (HUD), announced a cut in the premium homebuyers pay for mortgage insurance. This policy change has the distinction of being one of the first, if not THE first, reversals of the post-Obama era (the L.A. Times reported … Read more

T2108 Update (January 19, 2017) – Inauguration Eve Draws More Bearish Divergence

(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 13, 2017) – The NASDAQ Shows Resolve While the S&P 500 Bearishly Grinds Away

(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

The British Pound’s Freshly Greased Slippery Slope

The UK’s FTSE 100 remains a big post-Brexit winner. This headline from the Telegraph for January 10, 2017 says it all: “FTSE 100 records longest run of closing highs since 1984 as Brexit fears hurt pound.” The FTSE 100 was created in 1984. Never since that time has the index notched nine straight all-time highs … Read more