T2108 Update (October 22, 2015) – A Euro-Inspired Reversal Day

(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

It Is A Low Rate World – Get Used to It

(This is an excerpt from an article I originally published on Seeking Alpha on September 24, 2015. Click here to read the entire piece.) {snip} After reading the actual speech by Andrew Haldane, titled ominously “How low can you go?,” I realized that the BBC had overly focused Haldane’s concluding remarks. I can understand the … Read more

An Anti-Climactic Fed Meeting On the Path of Policy Normalization

(This is an excerpt from an article I originally published on Seeking Alpha on September 18, 2015. Click here to read the entire piece.) If you have followed the CME Group 30-Day Fed Fund futures prices, today’s decision by the Federal Reserve to leave interest rates unchanged did not surprise you. You may have even … Read more

T2108 Update (August 31, 2015) – The S&P 500 Ends A Tough August With A Mix of Signals

(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

Fed’s Insistence On Transitory Disinflation Puts A Pause on the GLD Trade

(This is an excerpt from an article I originally published on Seeking Alpha on January 29, 2015. Click here to read the entire piece.) This year has started for SPDR Gold Shares (GLD) in a fashion eerily similar to 2014. On December 18, 2013, the Federal Reserve officially announced the planned tapering of its bond … Read more