T2108 Update – November 30, 2011 (Very Impressive Follow-Through Despite More Red Flags)

(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. 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 posted on twitter using the #120trade hashtag) T2108 Status: 65% VIX Status: 28 … Read more

T2108 Update – November 28, 2011 (Close Call)

(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. 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 posted on twitter using the #120trade hashtag) T2108 Status: 33% VIX Status: 32 … Read more

Global Economic Pressures Continue to Push the Dollar Reluctantly Higher

This is an excerpt from an article I originally published on Seeking Alpha on November 27, 2011. Click here to read the entire piece.) The U.S. dollar’s role as a “safety” currency has finally returned although the market has only reluctantly marched back to the dollar’s printing presses. This year’s first two market swoons sent … Read more

Chart Review: Dollar Close to A Breakout

The U.S. dollar continues to creep slowly but surely upward as the euro steadily sinks week after week. After the dollar survived a plunge below the 200DMA that I thought marked the decisive end of its previous relief rally, the currency has faithfully followed its 50-day moving average (DMA) to higher ground. On Wednesday, the … Read more

The Yen Holds Steady Against the Dollar As This Intervention Looks Different

This is an excerpt from an article I originally published on Seeking Alpha on October 30, 2011. Click here to read the entire piece.) Call it a minor victory for Japanese Finance Minister Jun Azumi who declared his country is in “a war of nerves” with markets over the value of its currency given the … Read more

T2108 Update – November 1, 2011 (More VIX Revenge)

(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. 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 posted on twitter using the #120trade hashtag) T2108 Status: 72% (seventh day of … Read more

Yen Intervention Just As Dollar’s Relief Rally Ends and Gold’s “Bubble” Unpops

This is an excerpt from an article I originally published on Seeking Alpha on October 30, 2011. Click here to read the entire piece.) The U.S. dollar was one of last week’s biggest losers during a very bullish week. As I have chronicled for several weeks now, the market’s bullish signals continue to grow. With … Read more

T2108 Update – October 31, 2011 (Revenge of the VIX)

(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. 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 posted on twitter using the #120trade hashtag) T2108 Status: 82% (sixth day of … Read more

T2108 Update – October 20, 2011 (Beware the Swiss Franc)

(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. 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 posted on twitter using the #120trade hashtag) T2108 Status: 56% VIX Status: 35 … Read more

T2108 Update – October 3, 2011 (Bring on the Bear)

(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag.) T2108 Status: 15% (1st day of oversold conditions) VIX Status: 45 General (Short-term) Trading Call: Oversold trading rules have … Read more