T2108 Update (June 24, 2016) – A Post-Brexit Menu of Trading Opportunities

(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

Brexit Helps Invalidate A Blow-Off Top for Gold

+500% spike in searches for "buy gold" in the past four hourshttps://t.co/pmMsRUcAwK — GoogleTrends (@GoogleTrends) June 24, 2016 Regular readers know that Google Trends has become my favorite sentiment indicator for assessing gold at the extremes. So I hopped up when I heard about the above tweet on the latest podcast of “Slate Money.” (That … Read more

T2108 Update (June 22, 2016) – Fear Indicators Diverge On Brexit Eve

(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 Gold Top Watch Continues With A Confirmation and A Caveat

Two days ago I defined and described the case for a blow-off top in SPDR Gold Shares (GLD). Speculators have provided a confirmation of a top, yet there is now a caveat based on GLD’s ability to comeback a bit on Friday (June 17th). After pulling back the reins for three weeks on net longs … Read more

T2108 Update (June 10, 2016) – A Bearish Reversal for the Stock Market

(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 3, 2016) – Overbought Status Finally Ends As the NASDAQ Teeters

(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

Japanese Yen: Maximum Bullishness Meets Maximum Search Interest – A Fever Ready to Break?

Traders remain very confident in the strength of the Japanese yen (FXY). Net longs stayed at “maximum bullishness” even ahead of last week’s monetary policy meeting by the Bank of Japan (BoJ). Source: Oanda’s CFTC’s Commitments of Traders That boldness paid off as the BoJ failed to deliver more easing, and the yen soared. USD/JPY … Read more

Draghi Inspires A Parabolic Blow-Off for the Euro

“The second question is on the euro exchange rate. Since the last large package of measures, it’s risen against the dollar and other currencies. How much of a concern is that? I know you don’t target the exchange rate specifically, but it’s an important economic factor. Does it say anything about the ECB’s ability to … Read more

RIO vs BHP: A Very Attractive Pairs Trade Opportunity

(This is an excerpt from a LONG overdue article on commodities I originally published on Seeking Alpha on April 18, 2016. Click here to read the entire piece.) Last week was a great week for a pairs trade in iron ore. I love this trade => Oil, Iron Ore & Gold Correlation: A Mining Pair … Read more