ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
The Market Breadth Summary The Stock Market Summary Technology finally cracked under the weight of multiple pressure points. The biggest catalyst came from the AI spending race as companies such as Intel and Alphabet made it clear that they intend to continue increasing capital expenditures (capex) to remain competitive. Investors responded by focusing on the … 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 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 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
“Someone” really wants Arch Coal (ACI) to avoid breaking the buck. On August 5th, ACI traded as low as a buck per share before closing at $1.05/share. Two weeks later we learned Soros had been scooping up ACI shares. Trading volume on ACI has been much higher since then. On August 20th, ACI was back … Read more
It was fun while it lasted. The trades I described in coal in the wake of news of investments by George Soros seem to be coming to a decisive end. The recent bottoms have not yet given way but seems sure to do so in the coming days or weeks. Arch Coal (ACI) has swung … Read more