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]. 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 start of 2014’s first full week of trading did not disappoint. There were fireworks to be found in all sorts of individual stocks. I am only covering three in this chart review: Twitter (TWTR), Apple (AAPL), and LinkedIn (LNKD). TWTR gapped down on Monday (January 6, 2014) forming a more definitive formation of the … 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
A week ago, I wrote “Simple Reasons to Like IBM Despite the Headwinds.” As I feared/suspected at the time, sellers stepped in at an important resistance level. In four quick days, International Business Machines (IBM) dropped like a rock and retested presumed support from the announced expansion of the buyback. I thought I would have … 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 November 11, 2013. Click here to read the entire piece.) The next statement on monetary policy from the U.S. Federal Reserve comes on December 18th. With taper expectations on the rise again thanks to the 204,000 jobs added in October, it … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on November 1, 2013. Click here to read the entire piece.) The U.S. dollar (UUP) sold off steadily going into Wednesday’s (October 30, 2013) statement from the Federal Reserve on monetary policy. It has been a slow yet relatively steady grind lower … Read more
The Apple October post-earnings reaction played out amazingly close to the roadmap I provided in “Apple Earnings Technical Review – October, 2013 Edition“…except there were a lot more squiggles between points A and B than I anticipated…and my execution could have better. In this post, I review the action and recount lessons learned. First, a … Read more
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