ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
AAPL spent a large part of the first half of 2011 under-performing the market with a relatively low valuation (for example, see “A Rare and Important Test for Apple’s Recently Underperforming Stock“). AAPL’s relative under-performance has returned, and its stubborn inability to regain lost momentum is getting more than a bit disconcerting. Apple (AAPL) is … Read more
(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: 18.5% VIX Status: 41 General (Short-term) Trading Call: Aggressive traders start buying. Conservative traders buy once VIX … Read more
On July 26, Apple (AAPL) finally closed above $400. I interpreted this as a very bullish signal. I waited for the next dip to make a move, and the very next day, the market seemed to offer up a gift in the form of a 2.7% pullback. I wrote the following in my technical review … Read more
(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.) T2108 Status: 36%. VIX Status: 23.0 General (Short-term) Trading Call: Hold. Start identifying potential longs. Commentary Blink and you may have missed it. T2108 just went from invalidating my forecast of … Read more
(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.) T2108 Status: 58%. VIX Status: 20.2 General (Short-term) Trading Call: Hold. Commentary T2108 dropped slightly to 58%. The S&P 500 also dropped slightly with a 0.4% loss. Most interesting is the … Read more
(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.) T2108 Status: 55%. VIX Status: 19.5. General (Short-term) Trading Call: Hold. Commentary T2108 nudged upward to 54% from 51%. As I guessed yesterday, the oversold stochastics on the S&P 500 were … Read more
(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.) T2108 Status: 74%, 5th overbought day. VIX Status: 16. General (Short-term) Trading Call: Continue closing bullish trades (longs), add to bearish trades on a close below 1333 on the S&P 500 … Read more
(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.) T2108 Status: 78% and overbought. VIX Status: 16. General (Short-term) Trading Call: Close “almost all” bullish trades (longs), accelerate bearish trades (shorts). Caveats noted below… Commentary T2108 hit 78% today for … Read more
Apple (AAPL) initially failed a critical technical test at the 200-day moving average (DMA) and even made a new low for 2011, but the stock’s under-performance has finally ended. AAPL has gained over 10% since its 2011 low June 20th. The majority of the gains have come on just 4 days with strong bursts of … Read more
(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.) T2108 Status: 33% and neutral. VIX Status: 20; completely erased all gains from the oversold period. General (Short-term) Trading Call: Hold (or lock in some profits to allow you the comfort … Read more