ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Nike (NKE) Just 6 months ago, Nike (NKE) posted earnings that disappointed investors to the tune of a 9.4% one-day drop. That drop was unusually large for NKE, but it printed the stock’s low for 2012. The stock steadily ground its way higher and filled its gap down within a month. NKE next stalled at … 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 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 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 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
Apple (AAPL) In one month, Apple (AAPL) has gone absolutely nowhere while remaining under critical resistance at the 200-day moving average (DMA). In between, AAPL printed an impressive hammer which created a bottom in the stock right above the $500 level. The hammer pattern printed what now looks like a classic washout day of selling … Read more