T2108 Update (April 30, 2013): Almost Overbought (includes chart reviews for Apple and Amazon)

(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 highly 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 … Read more

Bullish Earnings Trading Patterns and Sentiment Collide With Apple’s Recent Downtrend

(This is an excerpt from an article I originally published on Seeking Alpha on April 22, 2013. Click here to read the entire piece.) It is that time of year: the next earnings report from Apple (AAPL). {snip} As Aaron Task says in the intro of today’s Daily Ticker – “Bracing for Disaster: How Bad … Read more

T2108 Update (April 18, 2013) – S&P 500 Is Quasi-Oversold for A Critical Test of Support On Options Expiration 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 highly 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 … Read more

T2108 Update (April 17, 2013) – S&P 500 Retests 50DMA and Other Positive Signs Even As Apple Drops Into the Red Zone

(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 highly 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 … Read more

T2108 Update (April 10, 2013) – Surge Should Proceed Either Quick Correction Or April-Long Rally

(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 highly 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 … Read more

T2108 Update (April 3, 2013) – A New Beginnnig for T2108

(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 highly 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 … Read more

T2108 Update (March 28, 2013) – Finally A New All-Time High (But Where’s the Champagne?)

(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 highly 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 … Read more

Chart Review: Apple Changing, BlackBerry Pushes On, Facebook On the Edge, Autozone Breaks Out, Fossil Still Abandoned

Here is my latest review of a few charts that have my attention: Apple (AAPL), BlackBerry (BBRY), Facebook (FB), and Autozone (AZO), Fossil (FOSL). Apple (AAPL) Fourteen (14) trading days have passed since Apple (AAPL) made a new low in its standing downtrend from last September’s all-time highs. The stock has closed above the downtrending … Read more

Apparent Lack of Negative Sentiment On Apple Makes It Hard to Call A Bottom

(This is an excerpt from an article I originally published on Seeking Alpha on March 6, 2013. Click here to read the entire piece.) In late December, I wrote about negative sentiment growing in Apple (AAPL). Apple has fallen another 100 points since then for a 19% loss, yet, negative sentiment has not grown. In … Read more

Chart Review: BlackBerry, Fossil, Amazon.com, Devry, CSX, Coach, Capital One Financial, Apple

For this chartfest, I do not have time to provide extensive commentary. So, this is mostly a visual presentation of the charts with some labels or notes to point your attention to what I think is most interesting from a trading perspective. Feel free to post questions if anything is not clear. Enjoy…! I have … Read more