The Anatomy of a Bottom for the British Pound

(This is an excerpt from an article I originally published on Seeking Alpha on June 26, 2016. Click here to read the entire piece.) The British pound (FXB) suffered a historic plunge in the wake of Brexit’s victory, the beginning of the UK’s divorce from the European Union (EU). While headlines have been full of … Read more

T2108 Update (July 1, 2016) – Almost Like Nothing Happened: Trading Lessons from a Wild Week

(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

From the United Kingdom’s Biggest Stocks: Thank You, Brexit

The vote by the United Kingdom (UK) to leave the European Union (EU), aka Brexit, kicked off a series of market events that collectively seem very surreal. First, there was the global rally in financial markets going into the vote. Relieved market participants appeared to anticipate a victory by the Remain side. Next came two … Read more

T2108 Update (June 29, 2016) – As Stocks Move Past Brexit, Currencies Still Sting

(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 Update (June 28, 2016) – Brexit Relief Bounds from Oversold’s Edge

(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 Update (June 24, 2016) – A Post-Brexit Menu of Trading Opportunities

(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 Update (June 23, 2016) – At the Very Edge of Overbought, Brexit and Awe

(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 Update (June 22, 2016) – Fear Indicators Diverge On Brexit Eve

(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

Brexit Fear Recedes And Creates A New Trading Opportunity

At the time of writing, currency markets opened trading this week with Brexit fear continuing to recede in the form of a big gap in favor of the British pound (FXB). Google Trends shows that on Friday, search interest in Brexit took a big step back (down 17%). This move confirms the apparent change in … Read more

Brexit Anxieties Soar to New Highs

Earlier this month, I used Google Trends to demonstrate that the currency market lagged a key shift in Brexit sentiment. Just 10 days later, interest (aka anxiety?) in Brexit, the prospect of a UK exit from the European Union (EU), has scaled new heights while the British pound (FXB) has hit new lows for the … Read more